SynBiotic SE acquired CannaCare Health GmbH on August 21, 2023. As part of the acquisition, investor and CannaCare shareholder Frank Otto invests three million euros in SynBiotic SE through an extensive share package. Together with Lars Müller, the industry expert Daniel Kruse will continue to drive SynBiotic's growth. Furthermore, it is planned to propose Frank Otto as a new member of the Board of Directors at the next general meeting.

SynBiotic SE completed the acquisition of CannaCare Health GmbH on August 21, 2023. Carlsquare GmbH acted as financial advisor to CannaCare Health GmbH.