Virtual Medical International Acquires FarmShare, LLC

November 30, 2020

Virtual Medical International Inc. agreed to acquire FarmShare, LLC, an industrial hemp cultivation and CBD processing operation based in La Grange, North Carolina, in a transaction composed of stock and cash. The deal comprises 1.5 million shares of common stock plus purchase of existing inventory for $866,750 via a promissory note; Virtual Medical said the acquisition gives it an immediate presence in the southeast U.S. and additional CBD production capacity.

Buyers
Virtual Medical International Inc.
Targets
FarmShare, LLC
Industry
Agriculture
Location
North Carolina, United States
Transaction Type
Buyout

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