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EuroLife Brands Inc exploring new opportunities to expand its CBD business globally

Peter F. by Peter F.
October 5, 2019
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EuroLife Brands Inc exploring new opportunities to expand its CBD business globally
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EuroLife is making investments into hemp and CBD for pets as well as CBD-based culinary experiences

Inc () (OTCMKTS:CANVF) has had a busy quarter, with new acquisitions and high-level board appointments in the first few months of the cannabis company’s new brand identity.

The Toronto-based company is on a mission to become a leader in the consumer packaged goods (CPG) cannabidiol (CBD) market, with a focus on Europe and South America.

EuroLife’s COO Steve Loutskou told investors on Thursday that the company is exploring further opportunities to expand its business globally.

READ: EuroLife Brands brings on former Canopy Growth executive Alan Cooke to propel global expansion

“With continued forward progression in our activities since our rebrand to we have been aggressive in taking advantage of our deep connections in various CPG Brand industries suitable for CBD infusion,” Loutskou said.

“We continue to drive company success across Europe and South America with potential investment and brand partners while vetting out strategic opportunities to expand business and increase shareholder value.”

Earlier this year, the company rebranded to better reflect its business model, changing its name from Cannvas MedTech to EuroLife and adopting the ‘EURO’ ticker symbol on the Canadian Securities Exchange.

In the subsequent months, EuroLife obtained the exclusive rights to the True Focus brand, which develops a product that lessens the effects of THC overconsumption.

It also set up its South American headquarters in Medellin, Colombia.

EuroLife is also making investments into hemp and CBD for pets as well as CBD-based culinary experiences. The company also launched its first international cannabis education platform for the booming German market, Cannvas.de.

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EuroLife said it expects to announce new partnerships in the coming months as its management team meets with some of the largest cultivators in the EU, as well as CBD extraction companies and other entrepreneurs in the CBD space.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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Peter F.

Peter F.

We study the effects of cannabidiol (CBD), a non-psychoactive component of cannabis that does not produce the high associated with smoking or using it."There is a lot of debate on the health effects of marijuana and the use of cannabinoids, which are a group of compounds found in marijuana that have anti-inflammatory, pain-relieving, anti-nausea and anti-emetic properties. However, there is a lack of solid scientific evidence to guide us in the application of cannabis therapeutics."

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