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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