APPlife Digital Solutions, Inc. Announces Opening of Hemp and CBD Products E-Commerce Site “Global Hemp Service”

Rhea-AI Summary

APPlife Digital Solutions (OTCQB: ALDS) announced that Global Hemp Service LLC has completed its beta phase and is now a fully operational e-commerce platform specializing in hemp and CBD products. CEO Matthew Reid expressed enthusiasm for the project, highlighting hemp's potential for climate benefits. The collaboration includes a 2.5% revenue fee for APPlife and a 15% equity stake in Global, with an option for increased ownership depending on revenue milestones. Global aims to promote hemp's diverse applications for sustainability, including food, medicine, and renewable energy.

Positive

• Global Hemp Service is now a fully-functioning e-commerce platform, increasing market presence.
• APPlife receives a 2.5% fee from Global's gross revenues, ensuring revenue stream.
• APPlife holds a 15% stake in Global, with potential for increased ownership based on revenue growth.

Negative

• None.

SAN FRANCISCO, June 02, 2022 (GLOBE NEWSWIRE) -- APPlife Digital Solutions, Inc. (OTCQB: ALDS) (“APPlife”, the Company”), a business incubator and portfolio manager that invests in and creates e-commerce and cloud-based solutions is pleased to announce that the Global Hemp Service LLC (“Global”) web site has recently completed its extended beta period and is now a fully-functioning e-commerce platform that offers an extensive line of hemp and CBD related products including those for personal, home, beauty, organic, and industrial uses.

“We are excited to see the products being offered by Global Hemp Service becoming more prominently featured in daily use around the world. Hemp is a game-changer for its benefits to our climate. APPlife is proud to have been the lead investor in this project and hope to see it flourish in the coming months,” stated Matthew Reid, CEO of APPLife.

"It is our mission at Global Hemp Service to unify hemp stakeholders and support the category growth in all industries where hemp can be applied. The challenge isn't how to make a better world, it’s to make it happen now. Our focus on hemp is the most intelligent decision for us to do our part and reach a sustainable society within a few years," said Paul Iglesia, founder and president of Global Hemp Services LLC.

The team at Global understands that humanity is need of both environmental and societal transformations and while our current resources might be enough, the way we consume them is not sustainable. While cures for these challenges are complicated and will take time, effort, and energy, Global believes part of the cure is a simple plant, created by nature itself, named cannabis, most commonly known as hemp. It’s been interacting with humans all over the planet and the course of history from ancient writings and customs to the present days.   There are hundreds of thousands of people all over the planet working with hemp, consuming hemp in their diet, their products, their habitat, and their farms.

Together, APPlife and Global believe that hemp’s diverse applications and attributes could be valuable components in achieving numerous global sustainability goals, some of which include:

• being a SuperFood that is a good source for proteins, Omega 3’s, fatty acids, fiber, minerals & vitamins, antioxidants and more
• utilizing less water than comparable crops and requires no pesticides or chemicals

• creating CBD medicine that can help with several different disease and conditions such as heart health, cancers, diabetes, pain relief, anxiety, arthritis, and addiction
• being an ideal renewable energy resource (biofuels, graphene, bio pellets, pyrolysis, supercapacitor) that can be grown in any region and is biodegradable, sustainable and durable
• as one of the most versatile plants that can be used for industry, infrastructure, and innovation such as concrete, fiber board, steel replacements, composites, and bioplastics
  

Early last year, APPlife announced that it had signed a definitive agreement with Global providing it with a perpetual, royalty-free, non-exclusive license to use APPlife’s market-ready and mobile website e-commerce platform to market, distribute, and sell its hemp, cannabidiol and other related B2B and B2C products. In return, Global is paying APPlife a fee of 2.5% of its gross revenues, distributed on a quarterly basis. APPlife has also received 15% of the outstanding and fully diluted shares of Global with an option to acquire controlling interest upon Global reaching certain revenue benchmarks

For more information on the history, use, plant parts and science behind hemp, visit https://www.globalhempservice.com/knowledge  

ABOUT APPLIFE DIGITAL SOLUTIONS, INC.
APPlife Digital Solutions Inc., with offices in San Francisco CA. and Shanghai China, is a business incubator and portfolio manager that creates and invests in e-commerce and cloud-based solutions. The Company invests in and creates solutions for work, home life, recreation and research that makes users more productive and more efficient, whether at work, home or traveling the world. APPlife's cloud-based businesses are designed to provide easy-to-use life solutions, often to address everyday issues and needs. They include a wide array of topics and needed services to cover the full marketplace across the spectrum. For more information visit www.applifedigital.com.

Current APPlife Digital Solutions, Inc. e-commerce solutions:

Rooster Essentials – The most comprehensive eCommerce grooming shop for men. Bringing over two hundred daily essentials from more than eighty brands to your doorstep.

B2BCHX - Background check a Chinese company. Easy due diligence. Prevent fraud or scams.

OfficeHop - A global sharing model platform for short-term rentals of office and meeting rooms has completed beta testing and will launch the commercial live marketplace in Q2 of 2022.

Lollipop NFT – Under construction and scheduled to launch in Q3 2022. A unique NFT platform that includes an integrated wallet, marketplace and minting capabilities scaled for the mass-market user. Lollipop will provide users an ultra-secure place to create, sell and store NFTs that are both entertaining and those for practical use.

Global Hemp Services - APPlife is the lead investor in this eCommerce platform that offers hemp related products such as hemp building materials, insulation, personal use items and carbon credits.

Keep up to date on APPlife Digital Solutions events and developments join our online communities at Facebook, Twitter and LinkedIn. 

Contact Information:
APPlife Digital Solutions
Investor Relations
Tel: (585) 232-5440
Email: jody@applifedigital.com

FORWARD-LOOKING STATEMENTS 
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, acquisitions, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to APPlife Digital Solutions, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

FAQ

What is the current status of Global Hemp Service LLC?

Global Hemp Service LLC has completed its beta phase and is now fully operational as an e-commerce platform for hemp and CBD products.

What revenue share does APPlife Digital Solutions receive from Global Hemp Service?

APPlife Digital Solutions receives a 2.5% fee based on Global Hemp Service's gross revenues.

What percentage of Global Hemp Service does APPlife own?

APPlife owns 15% of Global Hemp Service's outstanding shares with an option to acquire a controlling interest based on revenue milestones.

What benefits does hemp provide according to APPlife?

Hemp is highlighted for its potential as a SuperFood, a renewable energy resource, and its medicinal applications, contributing to global sustainability goals.