Cannabis Bioscience Int'l Hldgs Inc (CBIH)

[ProfitScout]

Nice acquisition news from CHNC today and it demonstrates a revenue oriented growth strategy which is the quickest way for smaller companies to become more important players in their fields. I also especially like the comments that there will be even more growth by acquisition to come.
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President & CEO Elizabeth Hernandez says, "Aside from being at the forefront of finding cures and treatments for disease, the acquisition of AAWC's clinical research arm allows CHNC to have another revenue-generating model that will allow some its members to receive medical care at little or no cost. We expect more acquisitions like that of AAWC in the future as clinics/doctors see the quality of care CHNC provides its members and the quality of life its doctors are experiencing as a result of using CHNC's model of care. We are always looking to build shareholder value and this acquisition does just that."