Manny Stul

PeakBirch Logic Announces the Acquisition of Stul Ltd

Retrieved on: 
Thursday, July 29, 2021

Acquisition Accelerates Goal to Expand Cannabis Sales in the U.K. Market

Key Points: 
  • Acquisition Accelerates Goal to Expand Cannabis Sales in the U.K. Market
    PeakBirch announces the acquisition of Stul Ltd. and its brand Hot Box Herb, a leading Headshop in Chelmsford, Essex.
  • VANCOUVER, BC, July 29, 2021 /PRNewswire/ -PeakBirch Logic Inc. (CSE: PKB) (FSE: KYH2) (OTCQB: KTNNF) ("PeakBirch" or the "Company") is pleased to announce the closing of the acquisition (the "Acquisition") of Stul Ltd. ("Stul" or the "Seller"), located in London, United Kingdom.
  • As part of the Acquisition, PeakBirch acquired Hot Box Herb, a leading brick and mortar cannabis accessory shop (a headshop) and e-commerce website.
  • With the acquisition of Stul, PeakBirch will receive 350K GBP in working capital which includes approximately 150K GBP in inventory, including shisha, tobacco and pipes, cannabis accessories, high-end designer bongs, and CBD.