German cannabis

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German Cannabis AG
legal form Corporation
ISIN DE000A0BVVK7
founding 1999
Seat Hamburg , GermanyGermanyGermany 
management Holger Uhrhammer
André Müller
Number of employees no
sales 0
Branch Private equity
Website www.deutschecannabis.com

The German cannabis AG based in Berlin is under construction since 2014 private equity -Beteiligungsgesellschaft for companies in the hemp industry . It emerged from the shell of FAME AG , a former Munich film and music production company . The shares of the company, which had neither employees nor turnover in the 2015 financial year, are listed on the regulated market of the Frankfurt Stock Exchange (“ General Standard ”).

history

1999 in Munich the FAME Film & Media Entertainment AG founded as a company for "manufacturing, distribution and rental of sound, film, Internet, video and music products, and other audiovisual media products all kinds." It served as a stock exchange vehicle for the Munich-based IMA Medien GmbH , which it took over in 2000 through a merger . In the same year - at the height of the dotcom and “TMT” speculation bubble (technology, media and telecommunications) - the company went public in the Neuer Markt , raising around DM 18.5 million in capital.

After the company turns its funds into producing films like The Phantom , Rats - they are going to get you! and Deathwatch and the music production of Schandmaul and Florian Ast , among others , had invested and made high losses, the Executive and Supervisory Boards decided in 2002 to dissolve the company. The FAME share had been listed in the "prison" category of the satirical stock market website nemwax since 2001 because of numerous profit warnings .

After the winding up or sale of the film and music production business of the company, which has since been renamed FAME AG , the decision was made to realign its shell as an investment company in the field of renewable energies . A short-term loan was given to an insolvent district heating network operator in Saarland and a temporary solar system was operated in Collrunge (East Friesland). The company headquarters was relocated to Berlin . In 2013, FAME AG became insolvent and filed for insolvency , but withdrew it a few months later after an unexpected receipt of payment.

Industrially grown hemp

In search of a better business model, the company's owners took the legalization of the possession and sale of marijuana in several US states in 2014 as an opportunity to change the company's purpose to stake in companies in the hemp industry. The company was renamed to Deutsche Cannabis AG and tried to raise new capital. In 2015, the first investment was a stake in the cannabis holding company ManhattanCannaFund LLC in Florida and in 2016 a majority stake in the Hamburg start-up company CannyPets GmbH , which wants to offer pet food containing hemp.

In 2016, the Federal Financial Supervisory Authority (BaFin) imposed a fine of 140,000 euros on Deutsche Cannabis AG because the company had failed to comply with its obligation to give advance notice and publish financial reports for four years.

In 2018 the company headquarters was relocated from Berlin to Hamburg.

Ownership structure

proportion of Shareholders
20.69% Intercap Beteiligungs UG (limited liability)
6.86% Carsten Siegemund
5.17% Craig P. Longhurst
5.17% Harold B. Woolfolk
62.11% Free float

(As of September 17, 2018)

Web links

Individual evidence

  1. ↑ a b Hoppenstedt Aktienführer 2002, page 416
  2. ↑ a b Financial management report reporting period 3rd quarter 2015 , Deutsche Cannabis AG, October 2015.
  3. ↑ Global Financial Stability Report , International Monetary Fund , September 2003
  4. ^ Annual report 2000 of FAME Film & Music Entertainment AG
  5. ↑ 2001 Annual Report of FAME Film & Music Entertainment AG
  6. ↑ FAME proposes liquidation of the company by September 30 , 2002, ad hoc announcement on dgap.de, August 14, 2002
  7. ↑ FAME / ZUCHTHAUS ( Memento from June 26, 2002 in the Internet Archive ) , www.nemwax.de as of June 20, 2002
  8. ^ Annual reports 2006 and 2007 of FAME AG
  9. ↑ Report on the second half of 2014 by Deutsche Cannabis AG
  10. ^ FAME AG: Application for insolvency , adhoc notification on dgap.de, February 19, 2013.
  11. ↑ FAME AG: withdraws the application for insolvency. , adhoc announcement on dgap.de, May 27, 2013.
  12. ↑ Financial management report reporting period 1st half of 2015 of Deutsche Cannabis AG
  13. ↑ Deutsche Cannabis AG acquires 69% of the shares in Canny Pets GmbH , ad hoc announcement on pressetext.com, August 12, 2016
  14. ↑ Hamburg District Court, HRB 139545, new entry dated December 29, 2015
  15. ↑ Bita Mohammadi: Thick penalty for German Cannabis AG. In: finance-magazin.de. September 6, 2016, accessed March 7, 2018 .
  16. ↑ Share information on the website of Deutsche Cannabis AG, accessed on March 17, 2019.

Coordinates: 53 ° 39 '36.3 "  N , 10 ° 5' 9.2"  E