Hemptown, a diversified, industry-leading cannabinoid company, and its management is focused on ensuring that the company completes a liquidity event in the foreseeable future and plans on providing specific details surrounding its liquidity strategy to investors in the coming weeks. That information, along with sales numbers, timely information about the company’s plans to farm exclusively on its Oregon property, and marketing and processing updates were provided in an investor letter from Hemptown USA co-founder, president and director Michael Townsend. “With the leadership of our new CEO Eric ‘Grip’ Gripentrog, we have embarked on a new brand roll up strategy with five acquisition/merger targets currently under NDA,” Townsend stated in the letter. “We are also pleased to announce we have completed a bi-annual interest payment to our convertible debenture holders on June 30th, 2020. We thank the debenture holders and shareholders for their continued support of the company as we execute on our ambitious growth strategy and work towards a liquidity event.”
To view the full shareholder letter, visit http://ibn.fm/rXJuY
About Hemptown
Hemptown is a diversified, industry-leading cannabinoid company delivering a diverse product offering across the value chain and in multiple sales channels, to meet the growing global demand for cannabinoid-based products. State-of-the-art cultivation in Oregon’s Rogue Valley, FDA-licensed and cGMP-certified product manufacturing, and a strong leadership team with Fortune 500 experience, including at Kellogg’s, Nike and Intel, are the pillars for Hemptown’s growth model as the company pushes into the consumer-packaged goods sectors with top-quality, white-label and branded product lines for the consumer market. For more information, visit www.HemptownUSA.com.
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