Transaction Adds a Top 10 Powerhouse Economy of Brazil, and Strengthens the Companies’ Combined Global Ecosystem
MIAMI, Florida, USA — June 8, 2023 — The Green Hub and B-HIVE Cannabis Venture Group (“B-HIVE”) are pleased to announce their M&A relationship, which extends the companies’ combined global footprint to include Argentina, Brazil, Canada, Colombia, the Netherlands, the USA, and Uruguay, along with ongoing partnerships in Germany, Lithuania, Paraguay, Peru, Portugal, Switzerland, Spain, and the United Kingdom.
“We are thrilled to announce our strategic relationship with B-HIVE.” said Marcel Grecco, CEO. “The Green Hub continues to be a recognized industry leader in this specialized field. As emerging markets open and innovation thrives in the global cannabis industry, we’re excited to have an experienced partner like B-HIVE available with resources to scale-up companies from within our venture studio throughout the world.”
“The Green Hub is a key partner to champion innovation internationally by casting a broad net globally as they leverage technology.” said Roy McFarland, President and COO of B-HIVE. “We believe that their methodology and pragmatic perspective of a changing industry will provide ongoing considerations to add value to both our health & wellness ecosystem and the industry. ”
As part of B-HIVE recently launched $20 million Series A capital raise, B-HIVE has already secured $15 million in commitments that include a leading Singapore investment firm via its relationship with Kinetiq Group and affiliate in the Netherlands, and the company has been actively exploring co-investors for B-HIVE and other M&A opportunities throughout Latin America and Europe.
Commenting on the news, Ken Grams, the CEO of B-HIVE said, “Solidifying a vision takes time, talent, and treasure in any industry. This is a pivotal relationship for both organizations by giving B-HIVE access to a top cannabis venture studio / accelerator and a strong market entry partner for Brazil, while providing The Green Hub with market expansion access for scale-up activities internationally. It’s simply a win-win as both are stronger with seamless mutual access to depth and specialized expertise to execute their respective missions.”
About The Green Hub
The Green Hub (“TGH”) founded in 2016 with the goal of creating a sustainable, legal, cannabis industry in Brazil. Now, the company acts as a central hub for research, education, networking, and advocacy for various stakeholders in a growing cannabis ecosystem, including large corporations, universities, government agencies, consumers, and entrepreneurs. The core activities of TGH are education, advisory services, and a “seed to sale” venture studio / accelerator for cannabis industry-related businesses. There are 19 companies in TGH’s portfolio and relationships that are located in Brazil, Canada, Paraguay, Uruguay, and the United States. To learn more, visit The Green Hub
About B-HIVE Cannabis Venture Group (“B-HIVE”)
B-HIVE is an emerging international health & wellness company, based in Miami with affiliate locations in Cartagena and The Hague. Focused on health & wellness, the company brings innovative solutions, products, and resources to the cannabis industry with its cannabis venture group members and portfolio companies. From patented technology, IP, and SaaS solutions to compliance and c-suite advisory, B-HIVE is well positioned to be a leading venture firm in the cannabis industry. To learn more, visit B-HiveBiz.com.
Related Links: KinetiqGroup.com