High Tide Enters Germany’s Medical Cannabis Market By Acquiring 51% Of Purecan
Canada-based cannabis company High Tide has entered the German medical cannabis market by purchasing a 51% stake in Frankfurt-based pharmaceutical company Purecan.
The announcement of the acquisition, made on Monday, comes after Germany legalized recreational cannabis for personal use, effective last April that took the ban off the controlled substances list, and eased medical access for patients.
High Tide has acquired a majority stake of 51% in Purecan GmbH for €4.8 million to enter the German...