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Cannabis Growth Opportunity Corporation Announces New Investment in Balcanns

May 19, 2019 |

TORONTO, May 9, 2019 /CNW/ – Cannabis Growth Opportunity Corporation (“CGOC“, or the “Company“) (CSE: CGOC), a cannabis-focused investment corporation with both public and private cannabis holdings, is pleased to announce a new investment within its private portfolio in MKK Canada Corporation (“Balcanns“), a burgeoning cannabis supplier in North Macedonia. With the European cannabis market estimated at approximately US$63 billion at full maturity, Balcanns is creating a European producer of premium medical cannabis extracts. Strategically located in North Macedonia with a number of advantages including: a low corporate tax rate; location at the crossroads of two main European transportation corridors (well positioned to supply key European cannabis markets); a qualified labour force at competitive costs; an ideal climate for cannabis production; and North Macedonia is in the process of entering the EU and NATO. The Company is building out its initial facility on its 54-acre property, the largest of its…

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