(MENAFN- ProactiveInvestors)
() is in the process of acquiring a number of medicinal cannabis and hemp businesses in Australia and North America.
The company has now been granted an ASX trading halt pending completion of renegotiated acquisition terms.
This will last until the earlier of the announcement being made or the start of trade on Tuesday 19th May 2015.
In April entered into a non-binding proposal to acquire 100% of Cannabinoid Extracts Australia Pty Ltd from Essential Oils of Tasmania Pty Ltd.
CEA intends to aim to cultivate industrial hemp and extract cannabidiol from industrial hemp on a commercial scale.
The company is also seeking to acquire Broken Coast Cannabis Ltd Cannan Growers Inc. and Nutrawerx Inc.
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