Canadian cannabis enterprise EuroLife Brands says it aims to turn into the ‘Amazon or Alibaba’ of the international CBD marketplace spot as its pursues an expansionary agenda.
Formerly identified as Cannvas MedTech it says the name alter reflects its ambition to concentrate on the provide of CBD-infused items into the European and South American markets.
It is in the procedure of undertaking a tour of European nations such as Germany, UK, Austria, Switzerland, Greece and Portugal to drum up interest from investors.
And, it has appointed former Canopy increasing boss Alan Cooke to its advisory board. Mr. Cooke was previously accountable for more than 4 million sq. ft. of cultivation operations across Canada.
In a marketplace release its states how it aims to realize its international ambitions by ‘collecting strategic partners’.
It describes its objective as becoming the creation of a ‘powerful education-primarily based, analytics-backed digital CBD marketplace for the European and South American markets employing a framework related to that of international giants Alibaba and Amazon’, it says in a marketplace statement.
EuroLife’s COO Steve Loutskou had earlier told investors that it has been ‘aggressive in taking benefit of our deep connections in different CPG (Customer Packaged Goods) brand industries appropriate for CBD infusion’.
Following the renaming EuroLife obtained the exclusive rights to the Accurate Concentrate brand, which develops a solution that lessens the effects of THC overconsumption.
The enterprise says it creating investments into hemp and CBD for pets as effectively as CBD-primarily based culinary experiences. And it has also launched its initial international cannabis education platform for the booming German marketplace, Cannvas.de.
EuroLife mentioned it expects to announce new partnerships in the coming months as its management group meets with some of the biggest cultivators in the E.U., as effectively as CBD extraction corporations and other entrepreneurs in the CBD space, reports Proactive Investors. EuroLife describes itself as a information driven understanding platform for these interested in cannabis, as effectively as a digital marketplace for CBD items.
“We continue to drive enterprise achievement across Europe and South America with possible investment and brand partners even though vetting out strategic possibilities to expand small business and improve shareholder worth,” says a bullish Mr Loutskou.