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Owns farm-to-consumer CBD operations in North America and Europe Recently acquired America CBD Extraction has facility capable of processing more than 1,200 pounds of hemp per day Also in joint venture with Franchise Cannabis Corp in Germany and the UK for CBD What Thoughtful Brands does: Thoughtful Brands Inc.(CSE:TBI) (FWB:1WZ1:GR) (OTCQB:PEMTF), which changed its name from Mota Ventures in August 2020, is an eCommerce technology company that develops, produces and markets natural health products through various brands in North America and Europe utilizing its proprietary direct-to-consumer platform. Through continuous strategic acquisitions, the company has a strong footprint in the CBD and nutraceutical product markets.
VANCOUVER, BC / ACCESSWIRE / April 12, 2021 / Thoughtful Brands, Inc. (CSE:TBI)(FWB:1WZ1)(OTCQB:PEMTF) (the "Company" or "Thoughtful Brands"), an eCommerce technology company that researches, develops, markets, and distributes natural health products through various brands in North America and Europe, announces that it intends to consolidate its issued and outstanding common shares ("Shares") at a ratio of ten (10) pre-consolidated Shares to one (1) post-consolidation Share (the "Consolidation"). The Company currently has 389,274,701 Shares issued and outstanding.
Thoughtful Brands Inc (CSE:TBI) (FRA:1WZ1) (OTCQB:PEMTF) said it has canceled the acquisition of Franchise Cannabis Corp (FCC), previously announced in January, a move it says, which will provide stronger sales and operations networks in North America and Europe by allowing its existing joint venture with FCC to remain in place. The company, which researches, develops, markets, and distributes natural health products through various brands, said positive changes to the market during the first quarter of 2020 within the cannabis and cannabidiol (CBD) sectors were key factors in the decision not to move ahead with the FCC acquisition.
Franchise Cannabis Joint Venture in Europe Remains in Place VANCOUVER, BC / ACCESSWIRE / March 11, 2021 / Thoughtful Brands, Inc. (CSE:TBI)(FWB:1WZ1)(OTCQB:PEMTF) (the "Company" or "Thoughtful Brands"), an eCommerce technology company that researches, develops, markets, and distributes natural health products through various brands in North America and Europe, has cancelled the acquisition of Franchise Cannabis Corp. ("FCC"), previously announced in January. The move allows the existing joint venture with FCC to remain in place, ultimately providing stronger sales and operations networks in North America, and throughout Europe.
VANCOUVER, BC / ACCESSWIRE / March 8, 2021 / Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the "Company" or "Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. ("FCC"), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands.
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