UK medicinal cannabis investment vehicle Sativa Investments has signed a Memorandum of Understanding with George Botanicals Ltd to purchase a 51% shareholding from its owner, Carbon Managers Limited, for an expected consideration of around £200,000.
Founded in September 2017, George Botanicals is a UK-based manufacturer, wholesaler and distributor of natural CBD products, which include vape pens, balms, e-liquids, drops and edible gels, all laboratory tested.
Commenting on the proposed acquisition, Geremy Thomas, founder and CEO of Sativa, said: “George Botanicals may well be one of Sativa’s maiden investments and could provide an excellent gateway into the UK’s fast growing CBD retail marketplace. My own original investment in George Botanicals was the precursor to the founding of Sativa as it revealed the wider opportunities across the CBD industry.
“The company has identified two other potential transactions of a similar scale and these are now being reviewed by the board and Sativa’s investment committee. As the volume and scale of potential investments increases, the board will make sure that opportunities can be matched immediately with investment finance and will be seeking further funding rounds in the future.”