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PeakBirch Logic Inc. announces the acquisition of Stul Ltd. for 250,000 GBP (Cdn$432,425), enhancing its foothold in the U.K. cannabis market. The deal includes Hot Box Herb, a leading headshop in Chelmsford, and the New Era Wellness CBD brand, with a revenue increase of 149% in e-commerce sales. Key personnel will aid local market insights, and PeakBirch anticipates increased CBD sales and market expansion. The U.K. cannabis market is projected to reach USD 4.3 billion by 2024, presenting a growth opportunity for PeakBirch.
PeakBirch Logic Inc. (CSE: PKB, FSE: KYH2, OTCQB: KTNNF) has appointed Mr. Kiran Sidhu as a new board director, enhancing its leadership in the cannabis and non-psychoactive mushroom industries. CEO Marc Mulvaney emphasized Sidhu's extensive experience with publicly listed companies as a key asset. Along with the appointment, PeakBirch has introduced a new restricted share unit and stock option plan to attract and retain talent, allowing for a maximum issuance of 19,678,526 units based on the current share count of 98,392,629. The plans aim to foster long-term growth and shareholder value.
