CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities in Canada, announced today it has recently engaged Teneo Capital (“Teneo”) to help strategically guide the company through its next growth phase.
Teneo is a New York-based 900-professional global advisory firm that works with the world’s largest and most complex companies, providing strategic counsel across a full array of disciplines, including investment banking, restructuring, and consulting. It has a nationally recognized investment banking platform that includes specialization in the cannabis industry. It has global transaction experience, having completed $525 Billion in Merger and Acquisition transactions in more than 40 countries. Teneo launched its program for CannaPharmaRx on July 22, 2020.
“We are excited to begin our work with such a well-respected firm like Teneo, which should allow us to reach many significant benchmarks in the coming months. Led by a strong and experienced senior leadership team that is used to working closely with CEOs of Fortune 100 companies, we are confident we made the right choice to aid us in achieving our milestones quickly,” said Nick Colvin, CEO CannaPharmaRX.
About CannaPharmaRx, Inc.
CannaPharmaRx is focused on the acquisition and development of state-of-the-art cannabis growth facilities. CPMD owns a 48,500-square-foot cannabis growth facility presently under development and is currently discussing potential acquisitions with other companies. CannaPharmaRx’s business strategy is to become a leader in the high-quality and low-cost production of cannabis through the development, acquisition, and enhancement of existing facilities. CannaPharmaRx is committed to operating high-quality facilities utilizing the latest technology in combined heat and power generation to ensure we are a low-cost producer of cannabis. CannaPharmaRx is also in the process of completing an application to list its common stock for trading on the Canadian Stock Exchange, with initial trading anticipated to be during the third quarter of 2020. The Company also anticipates submitting an application to list its common stock for trading on the OTCQB in the near future as well.
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