Dr. Reddy's Laboratories to acquire Nimbus Health.

Dr. Reddy's Laboratories, a fir, that develops and manufactures generic pharmaceutical products sold across the world, agreed to acquire Nimbus Health, a wholesaler of medical cannabis. Financial terms were not disclosed. "We were really excited when Dr. Reddy's approached us and recognized Nimbus's highly efficient importing, registering, and launching platform for various medical cannabis brands in Germany. The close alignment between the values of Dr. Reddy's and Nimbus gave us the confidence that we can stay focused on the existing business and grow future endeavors together. We are glad to work with Dr. Reddy's to activate synergies supporting growth in all sectors," Linus Maximilian Weber, Nimbus Health Founder and Managing Director.