A Canadian hemp company has bought a 5% ownership stake in a German hemp company with an outdoor growing operation of more than 1,200 acres.

As part of the deal, EuroLife has the right to increase ownership in Farmhus GmbH to up to 20%.EuroLife Brands, based in Toronto, said it is issuing 500,000 common shares valued at $250,000 and a cash payment of $35,000 for its initial stake in Farmhus GmbH.

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Canadian hemp company buys stake in German growing operation