Cannabis Global, Inc. acquired an additional 18.8% stake in Natural Plant Extract of California, Inc. from Alan Tsai $0.33 million.
February 21, 2021
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Cannabis Global, Inc. (OTCPK:CBGL) acquired an additional 18.8% stake in Natural Plant Extract of California, Inc. from Alan Tsai for $0.33 million on February 16, 2021. As part of the transaction, Cannabis Global purchased 266,667 shares of common stock of Natural Plant Extract of California in exchange for the issuance of 1,436,368 common shares of Cannabis Global. By virtue of the transaction, Cannabis Global acquired 18.8% of the outstanding capital stock of Natural Plant Extract, bringing its total beneficial ownership in Natural Plant Extract to 56.5%.
Cannabis Global, Inc. (OTCPK:CBGL) completed the acquisition of an additional 18.8% stake in Natural Plant Extract of California, Inc. from Alan Tsai on February 16, 2021.
Cannabis Global, Inc. manufactures and distributes various cannabis products through its ownership of Natural Plant Extract, Inc. The Company is engaged in developing the Ethos Comply Bag and conducts research and development in the areas of hemp, cannabis, and consumer food goods. It operates and manages Natural Plant Extract of California, Inc. (NPE) which holds two active California cannabis licenses: a Type 7 manufacturing license and a distribution license. These licenses allow NPE to distribute cannabis products in the State of California. These products included several types of cannabis products, including Cannabis flower packaged in various weights, which are sold to California licensed cannabis retailers and distributors; cannabis pre-rolls, which are sold to California licensed cannabis retailers and distributors, and cannabis edible products, which are sold to California licensed cannabis retailers and distributors.
CANNABIS GLOBAL, INC. 
