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ECGI to Acquire East West Pharma Group to Pivot into Legal Cannabis Marketplace
Friday 17 February 2023

Canada-based acquisition-oriented corporation ECGI Holdings Inc. (OTC: ECGI), D/B/A Elite Cannabis Group Inc., has agreed to acquire India-based cannabinoid extraction and product manufacturer East West Pharma Group, Inc. (EWPG) to move into the USD2.7 bn legal cannabis and cannabinoid marketplace, the company said.

Terms of the transaction were not disclosed.

East West Pharma Group, Inc. is a Wyoming corporation with specialised equipment and experienced personnel, including leaders in the cannabinoid extraction and product manufacturing space.

ECGI Holdings, a Nevada-based portfolio company, which plans to operate as Elite Cannabis Group, is reorganising as an acquisition-oriented corporation with California-based targets including undercapitalised and distressed licensed cannabis assets, properties zoned for cannabis cultivation and processing, and cannabis companies operating in market sectors with nationwide expansion possibilities.
Date Published: 17/02/2023