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Dragon Dynamic acquires CBD Processing Corp


Dragon is pleased to announce that effective May 6, 2019 Dragon acquired all of the shares of 1205889 B.C. Ltd. c/o/b as CBD Processing Corp. (“CanX”).
 
CanX is a BC company with CBD organic hemp operations in Romania, one of the top three hemp growing areas in the world. CanX recently secured 6 off take agreements with local, experienced hemp farmers for 350 hectares (865 acres) of EU approved organic hemp. Planting commenced in early May and CanX is preparing for harvest and production in early fall 2019. 
 
CanX’s focus on Europe is primarily due to a favourable competitive environment, local market knowledge and connections and a 508 million directly addressable market largely untapped by European and North American producers, extractors and cultivators. 
 
Europe currently presents a unique opportunity in terms of market size and developmental stage of the Hemp market. Consumption patterns, the competitive environment and current cultivation and extraction practices point towards a significant advantage for CanX when importing and transferring its knowledge and experience in extraction and cultivation.
 
Through the acquisition of CanX the Company is very excited to be establishing a foothold in of the most affluent and largest developed markets in the world. 
 
Anticipating Germany, the UK, France, Spain and Italy to be the primary target markets, the Company will be well positioned to capitalize on the in-country experience of CanX’s management team. 
 
The Company wishes to thank Vested.ca and its team for providing the structure to make this great opportunity possible. In addition the Company appreciates the support received from its shareholders.
 
Should you have any questions please reach out via email at hello@cbdprocessingcorp.com

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