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CannaGlobal, Sansero Life Sciences and Rise Wellness Merge to Accelerate Development of Psilocybin-Based Neurotherapeutics
Tuesday 07 July 2020

Canadian cannabis companies, CannaGlobal, Sansero Life Sciences and Rise Wellness, have merged to form CannaGlobal Wellness, an international psychedelics company, focussed on psilocybin and other natural compounds to treat mental health the company said.

Terms of the transaction were not disclosed.

CannaGlobal Wellness said psilocybin is proven to have real benefits for treating serious conditions that affect ms of people.

CannaGlobal Wellness will fuse Sansero's science team and capabilities in the development of novel formulations and intellectual property in psilocybin-based treatments, Rise Wellness' delivery of industry-shaping immersive healing experiences, and CannaGlobal's worldwide network of natural wellness pioneers.

Stoic Advisory Inc. is acting as Financial Advisor for CannaGlobal and its board of directors. Wildeboer Dellelce LLP is acting as legal advisors to CannaGlobal. Borden Ladner Gervais LLP is acting as legal advisor to both Sansero and Rise.
Date Published: 07/07/2020