Corporation Plans for Aggressive Expansion as a Subsidiary of Pure Harvest
Denver, CO, Sept. 13, 2019 (GLOBE NEWSWIRE) — through NEWMEDIAWIRE — Pure Harvest Cannabis Group, Inc. (PHCG), a Denver primarily based cannabis holding corporation, has acquired Prolific Nutrition, LLC (“Prolific”) a Colorado primarily based hemp/CBD corporation in a stock and money transaction.
Below the terms of the deal, all of the assets of Prolific had been completely acquired by the Corporation and will operate beneath Pure Harvest Hemp, Inc. (“PHH”), a wholly-owned subsidiary of the Corporation.
Prolific Nutrition was formed in 2017 and sells quite a few items beneath several brands, such as CBD tinctures, CBD gummies, CBD capsules, CBD lotion, and hemp oil lip balm. Prolific also sells pet CBD items such as everyday blend hemp supplements for dogs and cats, hemp capsules for discomfort and anxiousness, and hemp oil pet treats. Pure Harvest now owns the intellectual house to all linked brands, items, and formulations, such as the rights to the Colorado CBD Oil and Wild Pet Brands names.
Prolific’s founder and CEO, Daniel Garza, will serve as the CEO of Pure Harvest Hemp and has been elected as a Director and Chief Advertising Officer of PHCG. Matthew Gregarek, the Chairman and CEO of PHCG, will join the board of PHH.
PHCG has lately relocated its headquarters to Denver and is establishing a considerable base of operations that involves hemp/CBD. Colorado has emerged as a national leader in the hemp business and has extra acres of hemp cultivation than any other state.
“The THC and CBD industries are blending collectively and we have been searching for the suitable corporation to obtain that can scale rapidly and come to be an significant player in the international hemp/CBD business,” stated Matthew Gregarek, CEO of Pure Harvest Cannabis Group.
“Daniel Garza and his group at Prolific Nutrition have an impressive record of building and promoting higher top quality CBD items and have a deep understanding of this swiftly increasing business. We are quite excited to join the ranks of top quality CBD producers primarily based in Colorado,” added Gregarek.
PHH has plans for reaching dramatic development in the following locations:
- On the web sales of Pure Harvest CBD customer and animal items beneath the Pure Harvest Hemp, Colorado CBD Oil and Wild Pet Blends brands
- Retail Pure Harvest Hemp/CBD shops and
- Improvement of hemp-primarily based clothes, cosmetics, and constructing components.
“We have been very impressed with the management group at Pure Harvest and their business expertise and huge-scale revolutionary plans for each THC and CBD are constant with ours,” stated Garza.
About Prolific Nutrition
The Pure Harvest Cannabis Group, Inc. (PHCG) is a publicly traded holding corporation involved in all cycles of cannabis and CBD improvement. The group is committed to giving the highest top quality items, ethical increasing requirements, environmental awareness, and corporate integrity. Pure Harvest intends to create into a huge scale vertically integrated multi-state operator (MSO), producer, and distributor in properly-established and increasing markets.
Pure Harvest is focused on establishing precision dosed cannabinoid wellness and wellness customer items. The Company’s targets consist of establishing Pure Harvest as an iconic customer item brand providing a wide assortment of cannabis/CBD items that can be sold in several international markets that have legalized cannabis and hemp-derived items.
Forward Seeking Statements
Specific statements in this news release might include forward-searching information and facts inside the which means of Rule 175 beneath the Securities Act of 1933, are topic to Rule 3b-six beneath the Securities Exchange Act of 1934, and are topic to the protected harbors produced by these guidelines. All statements, other than statements of reality, incorporated in this release, such as, with out limitation, statements concerning possible future plans and objectives of the corporation, are forward-searching statements that involve dangers and uncertainties. There can be no assurance that such statements will prove to be precise. Future events and final results could differ materially from these set forth in, contemplated by, or underlying the forward-searching statements.
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