InvestorNewsBreaks – ECGI Holdings Inc. (ECGI) Inks Deal to Acquire East West Pharma Group in Strategy Shift

ECGI Holdings (OTC: ECGI), d/b/a Elite Cannabis Group Inc., a Nevada -based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, has signed a letter of intent (“LOI”) with Wyoming-based East West Pharma Group Inc. (“EWPG”) to acquire EWPG’s key personnel, intellectual property, and current and future business operations. According to the announcement, the acquisition is a shift in ECGI’s strategy as it becomes part of the $2.7 billion Cannabis Manufacturing, Extract and Concentrates market. The company noted that its goal is to pair its vast cannabis space network and knowledge capital with EWPG’s talent and equipment to drive rapid growth as an emerging leader in the California cannabis manufacturing space. “This is a key talent and asset acquisition that will expand our network of potential investors through the lead operations team we get as part of the deal,” said ECGI Holdings CEO Danny Wong in the press release. “East West has extensive knowledge and proprietary technology/processes within the CBD and Eastern medicine field, and we will gain a tremendous base of specialized equipment as well as key personnel that include leaders in the cannabinoid extraction and product manufacturing space.”

To view the full press release, visit https://ibn.fm/wRZYi

About ECGI Holdings Inc.

ECGI Holdings, which plans to operate as Elite Cannabis Group, is reorganizing as an acquisition-oriented corporation with California-based targets, including undercapitalized and distressed cannabis assets, properties zoned for cannabis cultivation and processing, and cannabis companies operating in market sectors with national expansion possibilities. For more information about the company, please visit info@ECGIHoldings.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.