Greenrise Global Brands Inc. announced the appointment of Mr. Frank Otto to the board of directors of the company and the closing of the acquisition of 51% of CannaCare Health GmbH previously announced on April 5, 2022. Mr. Otto is a German media entrepreneur and a pioneer in radio and television in Germany, and co-founder of CannaCare along with the Oplesch family. Mr. Otto founded VIVA Music Television together with Time Warner and Sony Television which was later acquired by MTV.