Eco-Growth Strategies Closes its Acquisition of HARA
Eco-Growth Strategies (OTC Pink Sheet: ECGS) has successfully completed the acquisition of HARA, a premium hemp-based CBD company targeting athletes and health-conscious consumers. This strategic move aims to enhance Eco-Growth's portfolio with high-quality CBD products while also expanding into the pet product sector. The acquisition aligns with the company's bolt-on strategy for growth and enhances its extraction capabilities through its subsidiary, XtractionOne Plus. The partnership is intended to leverage HARA's existing loyal customer base and product expertise.
- Acquisition of HARA enhances product offerings with ultra-premium CBD products.
- HARA's focus on athletes and fitness enthusiasts aligns with market trends.
- Strategic expansion into the pet product segment expected to capture new revenue streams.
- XtractionOne Plus expected to improve extraction efficiency and product quality.
- None.
LAS VEGAS, Oct. 15, 2020 /PRNewswire/ -- Eco-Growth Strategies (the "Company" or "Eco-Growth Strategies") (OTC Pink Sheet: ECGS), a nutraceutical Company developing a variety of premium CBD-based products specializing in sourcing and extraction of trusted North American hemp, today announced that the Company has closed on the purchase of HARA, www.haraflow.com . HARA is an ultra-premium hemp-based CBD company that focuses on athletes and fitness minded individuals, as well as the general population desiring a suite of first-class CBD products. The Company also intends to produce goods for the pet segment as well. The handcrafted catalog of products contains no THC and are produced with the highest quality CBD.
"We are pleased to have closed the purchase of HARA. This revenue generating, premium quality CBD company will be positioned as our flagship model as we continue to acquire undervalued businesses that fit into our boutique of CBD offerings," said William J. Delgado, Chairman and CEO of Eco-Growth Strategies.
"With our XtractionOne Plus wholly owned subsidiary anticipated to be a disruptor in the high efficiency extraction of CBD, terpene and desired cannabinoid content, coupled with HARA, we have begun to establish our serial bolt-on acquisition strategy for Eco-Growth," added Mr. Delgado.
"Closing this deal with Eco-Growth allows HARA the capability to execute on its goals in a much broader capacity," says Brody Shemansky, CEO of HARA. "We have built a loyal following from the ground up through the sale of our ultra-premium suite of CBD products while always focusing on the client experience. "We feel the management team at Eco-Growth shares in our beliefs and vison, so the partnership will be an easy transition," added Mr. Shemansky.
About HARA
HARA is an ultra-premium CBD company that contains zero THC and are made with premium full spectrum CBD derived from organically grown US hemp. Each product is rich in cannabinoids that help ease imbalances and give rise to homeostasis. We created HARA to serve our people and our planet.
About Eco-Growth Strategies, Inc.
Eco-Growth Strategies, Inc. https://ecogrowthstrategies.com/our-team/ is a nutraceutical and processing Company developing a range of CBD-based products. The company's mission is to employ best practice science to source, manufacture, and package all of its CBD products from within the United States. The Company performs farm and manufacturing site visits and sources its products from only the highest quality hemp farms in North America.
CBD Disclaimer
The statements made regarding CBD products including our future products have not been evaluated by the Food and Drug Administration. The efficacy of these products and the testimonials made has not been confirmed by FDA- approved research. These products are not intended to diagnose, treat, cure or prevent any disease. All information presented here is not meant as a substitute for or alternative to information from healthcare practitioners. Please consult your healthcare professional about potential interactions or other possible complications before using any product. The Federal Food, Drug, and Cosmetic Act requires this notice.
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
William J. Delgado
(775) 443-4740
djwllc@hotmail.com
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SOURCE Eco-Growth Strategies
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