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Kona Gold Solutions Inc. (OTCMKTS:KGKG) To Acquire Flo Beverages And Develop New Energy Drink In 2020

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Kona Gold Solutions Inc. (OTCMKTS:KGKG) is planning to produce a new organic CBD beverage this year after announcing the signing of a Letter of Intent (LOI) to acquire Flo Beverages.

Kona Gold to acquire Florida-based Flo Beverages

Flo Beverages is a Florida-based company located in Longwood, and Kona Gold intends to conduct due diligence on the beverage company in the coming days, and it is likely to finalize the acquisition in 30 days. Since its inception in 2015, Flo Beverage entered the energy drink space with the SoFlo organic drinks.

The company operates a 3,000 sq. ft. the facility in Longwood that is a USDA certified organic co-packing plant. Recently the company launched an all organic Ketogenic Energy Drink, Likuid, that is available in three flavors. They distribute the drink in Florida as well as Puerto Rico.

Kona Gold CEO Robert Clark indicated that he was excited that they have signed the LOI to purchase Flo Beverages. He indicated Flo is an exciting company with a great range of products. The company offers Kona Gold a great product line in the Ketogenic Energy Drink, LiKuid.

Flo Beverages presents Kona Gold opportunity to develop an energy drink

Equally, the CEO indicated that the acquisition will be bringing on board the great team that operates the USDA certified facility that has massive experience in the formulation of tasty beverages. Flo, which runs its product line this will bring exceptional opportunities to Kona Gold in co-packing for small-to-medium companies as well as the production of limited seasonal runs.

According to Clark, Kona Gold is planning to add a new product to its hemp and CBD lifestyle product line this year. The company has set sights in developing an all-organic CBD energy drink, and the acquisition of Flo Beverages will be vital in the process as Kona Gold will have in-house resources to leverage.  The CEO expressed his pleasure regarding the opportunities that Flo brings to Kona Gold and the resource that Kona Gold has to build the distribution footprint of LiKuid.

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Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) Forms CW Labs To Strengthen Development Of Innovative High-Quality Hemp Derived Products And Delivery Systems

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Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) has formed a new division Charlotte’s Web Labs (CW Labs) to develop innovative high-quality products and delivery systems. It is an expansion of Charlotte’s efforts that focuses on hemp-derived terpenes, phytocannabinoids, and flavonoid compounds.

Tim Orr to head CW Labs

Tim Orr, who is recently hired by Charlotte as Senior Vice President, will head the CW Labs team of internal and external research specialists located in Boulder, Colorado, and Buffalo, New York.

Orr brings three decades of experience

Mr. Orr brings over three decades of experience in product development and commercial roles in life sciences, diagnostics, and medical device industries. His previous stints include management and top executive positions at Abbott Laboratories and Johnson & Johnson.

Mr. Orr said he is pleased to support the scientific discovery and innovation of Charlotte’s by leading CW Labs. The newly formed R&D lab will engage in the development of innovative delivery systems and high-quality products to the trusted and loyal customers of Charlotte. Science is driving the development of new formulations and improving their efficiencies.

Trusted hemp extracts

Charlotte is engaged in the production of trusted hemp extracts in the world. The company advances the science of full-spectrum extracts derived from hemp to express cannabinol (CBN), cannabigerol (CBG), cannabidiolic acid (CBDA), cannabichromine (CBC), cannabidiol (CBD), and other hemp-derived compounds.

CW Labs will help Charlotte in advancing the product line through science-based innovation and facilitates clinical trials. It is already engaged in placebo-controlled and double-blinded human clinical trials involving hemp-derived solutions for the needy in several states. Chief Executive Officer of Charlotte, Deanie Elsner said the formation of CW Labs improves the reach of Charlotte into the safety, efficiency and the science of hemp plant compounds. Deanie further said the launch of CW Labs shows its commitment to lead the innovation and introduce cutting edge solutions using hemp.

Charlotte has completed the audit of the hemp harvest for 2019. Deanie said the company is excited with 2019 harvest, potency and yield levels. It shows the tremendous expertise gained by the company in hemp cultivation over the past six years.

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HempAmericana Inc (OTCMKTS:HMPQ) is a Turnaround Prospect

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Turnaround stories are widely sought and difficult to find, which is why we want to cast a focus on HempAmericana Inc (OTCMKTS:HMPQ) today, as the company positions itself as a long-term beneficiary of the CBD-based products boom – something that has gone undercover so far in 2020 even though it remains possibly one of the most reliably potent large timeframe success stories of the coming decade, according to many prominent analysts.

The big idea here is still unquestionably that of a “mainstreaming” process – the CBD products marketplace is defined by a “small to big” dynamic that is all about a niche product crowd growing into a very widely accepted household goods market. The CBD growth trend that many investors have heard about over the past several years is simply about discovery.

But, even as that process plays out in empirically visible ways, stocks in the space have been carved up due to over-competition.

That said, the sweeping bear market that has ravaged the space has driven many of the less well-founded names into oblivion. Naturally, that’s the point of a bear market: to burn up the excess fat, leaving a leaner, meaner industry to more efficiently monetize the total base of industrial and intellectual capital. It’s the essence of a market-based system.

In this case, HempAmericana Inc (OTCMKTS:HMPQ) is one of the survivors.

As is always the case in such circumstances, the survivors are very deeply undervalued at this point – they’ve been through the ravages of the bear. They’ve been stripped down to nothing. But, at the same time, they’ve also survived to tell the tale. That alone makes them worth a very serious measure of attention. The survivors of a focused bear market in a specific sector often historically represent some of the most powerful opportunities. They are the babies that almost, but not quite, got thrown out with the bathwater. And those are some underpriced babies.

HMPQ belongs to that thematic group right now. The stock is trading at bargain-basement levels in sub-penny territory. But it has real operations and a first-class extraction and production facility in Maine, with ramping resources and a path of very likely tangible top-line growth over the coming period of months. While shareholders of the company may have heard that sentiment before, there are reasons to see this moment as different – as more urgently promising.

 

Spring is in the Air

In HMPQ’s case, business is picking back up, and the company has reportedly stored up an inventory of top-tier products that is ready to be monetized. The company has also just launched its new ecommerce platform to help with that process, complete with an active payment processor capable of taking major credit and debit cards seamlessly, which is a major accomplishment.

“The new website has been designed to offer the ultimate user-friendly experience with an improved ease of use and functionality while allowing customers to see the wide variety of full-spectrum CBD oils the Company offers. We upgraded the website with our customers in mind, the site includes more information about our products such as our COAs, to help buyers find the right CBD product they need, and to instill better Confidence in this age of uncertainty,” stated Company CEO Sal Rosillo.

Note, according to its most recent release, the company wasn’t able to process orders due to a change in Policy with the PayPal Platform not allowing Hemp related product sales. The company has retained an Industry-leading payment processor that accepts payment for Hemp products. The company is very pleased to have been approved to accept credit cards through First Direct Financial.

That’s an enormous plus. The company’s web presence is live and active, and first-rate. And it has the capacity to do business with customers in convenient terms. In this case, that’s a biggie.

HempAmericana Inc (OTCMKTS:HMPQ) bills itself as an emerging player in the hemp-based CBD marketplace. The company also researches, develops and sells products made of industrial hemp, in addition to carrying out other non-hemp based products but intends to focus primarily on the potential for hemp.

In essence, anything that can be made with plastic can be made with industrial hemp and HempAmericana plans to fill the growing need and demand for hemp-based products within the United States. The company also intends to explore other possible business avenues relating to the legal use of the Cannabis plant.

But the big one right now is clearly about establishing scaling growth in its CBD-based products segment. There is every reason to believe we may be witnessing the roots of that right now, and in concert with the roots taking hold for an overall bottoming of the cannabis, hemp, and CBD market as a whole.

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Acreage Holdings Inc (OTCMKTS:ACRGF) Inaugurates A Medical Dispensary – The Botanist In Spring Hill, Florida: Larissa Herda Resigns From The Board of Acreage

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Acreage Holdings Inc (OTCMKTS:ACRGF) inaugurated The Botanist in the Spring Hill, Florida. It is the first medical cannabis dispensary of Acreage in the state. The company now holds consulting and management services and other accords that include pending takeovers for thirty-two operational dispensaries in thirteen states that comprise fourteen The Botanist branded dispensaries. Acreage invests in cannabis industries.

The Botanist Brand

The Botanist Brand, which is developed by Acreage, is a product and retail brand with deep roots in wellness and health. It helps individuals to maintain healthy lifestyles using the holistic power of cannabis. The Botanist provides a wide gamut of products derived from cannabis. It also features a retail design – the science meets nature, which is reminiscent of the nineteenth-century botanist laboratory. The Botanist in the Spring Hill boasts its signature green foliage wall and a private consultation room and provides an environment for enthusiasts like you to know about the healing properties of cannabis plants from the trained specialists in patient-care.

Larissa Herda resigns from the board

According to a communiqué from Acreage, Larissa Herda has relinquished as a member of the board. Kevin Murphy, Chief Executive Officer and Chair of Acreage said the company conveyed thanks for her exceptional services all along its journey since joining the board in November 2018 and wished success in her future endeavors.

Closes previously announced credit facility

Acreage has successfully closed the previously announced credit facility of $100 million. It has drawn $21 million from this credit facility. The subsidiary of Acreage – IP Borrower has also borrowed $22 million from IP Investment Company LLC.

Acreage has agreed to make monthly payments at an annual interest of 3.55% on the first advance, 1.85% on the second advance, and 1.55% for the third advance for the first year. It will negotiate interest rates for the second year. IP Borrower provides a guarantee for the credit facility. It will also provide security of $22 million from the loan transaction. The amount of $22 million will be blocked in the account as a safety to the Institutional lender.

The Borrower needs to provide cash collateral to draw the balance amount of $78 million. However, the institutional lender will not hold any security in the subsidiaries of Acreage or Acreage.

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