Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 28, 10:40 AM
This Slide: #46 of 100 |
Slide #46. Hempacco Co, Inc. — Covalent CBD
Acquirer:
Hempacco Co, Inc. (NASDAQ:HPCO)
Acquiree:
Covalent CBD
Details:
In a strategic move designed to significantly enhance its manufacturing capabilities and customer base in the nutraceutical industry, Hempacco Co, Inc. (NASDAQ: HPCO) ("Hempacco"), announces the strategic acquisition of a portion of Covalent CBD's assets, a leading white-label and private label nutraceutical company. This acquisition marks a significant milestone in Hempacco's ongoing efforts to expand its footprint in the rapidly growing sectors of hemp and mushroom nutritional supplements.
Hempacco is focused on Disrupting Tobacco by manufacturing and selling nicotine-free and tobacco-free alternatives to conventional cigarettes. Co. utilizes a patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. Co. has conducted research and development in the smokables space and is engaged in the manufacturing and sale of smokable hemp and herb products, including The Real Stuff Hemp Smokables. Co.'s operational segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays.
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