Feb 11 (Reuters) - FOXBUY.COM SA LCN.WA :
* SAID ON WEDNESDAY LABOCANNA MANAGEMENT HAS PLACED PRELIM OFFER FOR PURCHASE OF 100% STAKE IN HEMPOLAND FOR CAD 5.5 MLN (16 MLN ZLOTYS)
* OFFER WAS PLACED TO CANADA-BASED THE GREEN ORGANIC DUTCHMAN HOLDINGS, OWNER OF TGOD EUROPE WHICH HOLDS 100% STAKE IN HEMPOLAND
* THE COMPANY WOULD LIKE TO BUY HEMPOLAND IN Q1, BUT NO LATER THAN Q2
* HEMPOLAND IS AN ENTITY LICENSED TO GROW HEMP AND ALSO RUNS THEIR EXTRACTION