Energroup Holdings Corp (OTC: ENHD) to Acquire Cocannco Inc.
Energroup Holdings Corp (OTC: ENHD) has announced plans to acquire Cocannco Inc, a move that will transform ENHD into a revenue-generating company and remove its 'shell' status. Cocannco is simultaneously acquiring Clearly California Products Inc, a cannabis company operating since 2022.
The acquisition includes plans for comprehensive audits and consolidation of financial statements as part of a Regulation A+ offering, aiming to achieve fully reporting status with the SEC. ENHD plans to qualify for the OTCQB market and meet Rule 15c2-11 requirements.
Clearly California Products, known for its organic cannabis products, has signed a brand partnership with social media influencer GloZell Green (7M+ followers) to develop CBD products launching in January 2025. Additionally, Cocannco has agreed to acquire a 22,000-square-foot indoor cultivation facility in Sacramento with licenses for cultivation, manufacturing, and distribution.
Energroup Holdings Corp (OTC: ENHD) ha annunciato piani per acquisire Cocannco Inc, un'azione che trasformerà ENHD in un'azienda generatrice di ricavi e rimuoverà il suo status di 'shell'. Cocannco sta contemporaneamente acquisendo Clearly California Products Inc, un'azienda di cannabis operante dal 2022.
L'acquisizione include piani per audit completi e consolidamento dei bilanci finanziari come parte di un'offerta di Regolamento A+, mirando a ottenere lo status di reportistica completa con la SEC. ENHD intende qualificarsi per il mercato OTCQB e soddisfare i requisiti della Regola 15c2-11.
Clearly California Products, nota per i suoi prodotti di cannabis biologici, ha firmato una partnership di marca con l'influencer dei social media GloZell Green (oltre 7 milioni di follower) per sviluppare prodotti a base di CBD che saranno lanciati a gennaio 2025. Inoltre, Cocannco ha concordato di acquisire una struttura di coltivazione interna di 22.000 piedi quadrati a Sacramento con licenze per coltivazione, produzione e distribuzione.
Energroup Holdings Corp (OTC: ENHD) ha anunciado planes para adquirir Cocannco Inc, un movimiento que transformará a ENHD en una empresa generadora de ingresos y eliminará su estatus de 'shell'. Cocannco está simultáneamente adquiriendo Clearly California Products Inc, una empresa de cannabis que opera desde 2022.
La adquisición incluye planes para auditorías exhaustivas y la consolidación de estados financieros como parte de una oferta de Regulación A+, con el objetivo de lograr el estatus de reportes completos ante la SEC. ENHD planea calificar para el mercado OTCQB y cumplir con los requisitos de la Regla 15c2-11.
Clearly California Products, conocida por sus productos de cannabis orgánico, ha firmado una asociación de marca con la influencer de redes sociales GloZell Green (más de 7 millones de seguidores) para desarrollar productos de CBD que se lanzarán en enero de 2025. Además, Cocannco ha acordado adquirir una instalación de cultivo interior de 22,000 pies cuadrados en Sacramento con licencias para cultivo, fabricación y distribución.
Energroup Holdings Corp (OTC: ENHD)가 Cocannco Inc를 인수할 계획을 발표했습니다. 이는 ENHD를 수익을 창출하는 회사로 변모시키고 '쉘' 상태를 없애는 조치입니다. Cocannco는 동시에 Clearly California Products Inc, 2022년부터 운영 중인 대마초 회사도 인수하고 있습니다.
이번 인수에는 SEC와의 완전 보고 상태 달성을 목표로 하는 Regulation A+ 제안의 일환으로 재무 제표에 대한 종합 감사 및 통합 계획이 포함됩니다. ENHD는 OTCQB 시장에 적합하기 위해 Rule 15c2-11 요구 사항을 충족할 계획입니다.
유기농 대마초 제품으로 잘 알려진 Clearly California Products는 소셜 미디어 인플루언서 GloZell Green(700만 이상의 팔로워)와 브랜드 파트너십을 체결하여 2025년 1월 출시될 CBD 제품을 개발 중입니다. 또한, Cocannco는 사각형 피트 22,000의 실내 재배 시설을 사크라멘토에 있는 재배, 제조 및 유통에 대한 라이센스와 함께 인수하기로 합의했습니다.
Energroup Holdings Corp (OTC: ENHD) a annoncé des projets pour acquérir Cocannco Inc, une démarche qui transformera ENHD en entreprise génératrice de revenus et supprimera son statut de 'shell'. Cocannco acquiert simultanément Clearly California Products Inc, une entreprise de cannabis opérant depuis 2022.
L'acquisition inclut des plans pour des audits complets et la consolidation des états financiers dans le cadre d'une offre de Régulation A+, visant à atteindre le statut de reporting complet auprès de la SEC. ENHD prévoit de se qualifier pour le marché OTCQB et de répondre aux exigences de la règle 15c2-11.
Clearly California Products, connue pour ses produits de cannabis biologiques, a signé un partenariat de marque avec l'influenceuse des médias sociaux GloZell Green (plus de 7 millions de followers) pour développer des produits CBD qui seront lancés en janvier 2025. De plus, Cocannco a convenu d'acquérir une installation de culture intérieure de 22 000 pieds carrés à Sacramento avec des licences pour la culture, la fabrication et la distribution.
Energroup Holdings Corp (OTC: ENHD) hat Pläne zur Übernahme von Cocannco Inc angekündigt, was ENHD in ein umsatzgenerierendes Unternehmen verwandeln und seinen 'Shell'-Status beseitigen wird. Cocannco übernimmt gleichzeitig Clearly California Products Inc, ein Cannabis-Unternehmen, das seit 2022 tätig ist.
Die Übernahme umfasst Pläne für umfassende Prüfungen und die Konsolidierung von Finanzberichten im Rahmen eines Regulation A+ Angebots, das darauf abzielt, den Status eines vollberichterstattenden Unternehmens bei der SEC zu erreichen. ENHD plant, sich für den OTCQB-Markt zu qualifizieren und die Anforderungen der Regel 15c2-11 zu erfüllen.
Clearly California Products, bekannt für seine biologischen Cannabisprodukte, hat eine Markenpartnerschaft mit der Social-Media-Influencerin GloZell Green (über 7 Millionen Follower) unterzeichnet, um CBD-Produkte zu entwickeln, die im Januar 2025 auf den Markt kommen sollen. Darüber hinaus hat Cocannco vereinbart, eine 22.000 Quadratfuß große Innenanbauanlage in Sacramento zu übernehmen, die über Lizenzen für Anbau, Herstellung und Vertrieb verfügt.
- Acquisition will transform ENHD from shell status to revenue-generating company
- Plans to uplist to OTCQB market
- Securing comprehensive cannabis licensing through 22,000 sq ft facility acquisition
- Partnership with major influencer (700M+ views) for CBD product line
- Vertical integration through cultivation, manufacturing, and distribution capabilities
- Current shell company status indicates no existing operations
- Multiple pending acquisitions create execution risk
- current revenue from existing operations
- Regulatory compliance costs for SEC reporting status
Energroup to acquire a revenue-generating company and remove its "shell" status
SACRAMENTO, Calif., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Energroup Holdings Corp. (OTC: ENHD) today announced plans to acquire Cocannco Inc. This transaction would transform Energroup into a revenue-generating company and remove its current "shell" status. Cocannco is also in the process of acquiring Clearly California Products Inc., a development-stage cannabis company, further positioning the combined entities for growth in the cannabis market.
Acquiring Cocannco and its assets will initiate a comprehensive audit of all involved entities. Energroup intends to consolidate financial statements as part of a Regulation A+ offering, enabling the company to achieve fully reporting status with the U.S. Securities and Exchange Commission (SEC). Upon completing the audits, Energroup intends to seek qualification for the OTCQB market and satisfy the requirements of Rule 15c2-11 to facilitate the public trading of its shares.
Key Points:
Cocannco to Acquire Clearly California Products Inc.
Clearly, California Products Inc. has been formulating, manufacturing, packaging, and selling self-branded products on a limited scale through license manufacturing agreements to the California cannabis market since 2022. The company was founded on the idea that organic, high-quality cannabis products can be made accessible to everyone and leverages influencer partnerships to develop and launch products quickly. The team’s Repair & Relief Balm, a uniquely effective topical for skin care and pain relief, has established a cult-like following from its users and attracted word-of-mouth demand. In 2025, the company plans to expand self-branded THC product sales in select California dispensaries, launch a CBD line capable of nationwide sales, and experiment with niche branding for targeted communities.
Partnership with GloZell Green for Co-Branding CBD Products
Clearly California has signed a Brand Partnership Agreement with GloZell Green to develop a line of CBD products. GloZell is a globally known social media influencer, actress, and comedian with over 700 million views on her YouTube page and over 7 million followers across platforms. Her first products, which include a CBD-infused relief balm and reishi mushroom-infused grape gummy, are planned to launch in January 2025.
GloZell Green - YouTube
GloZell (@glozell) official | TikTok
GloZell L. Green (@glozell) • Instagram photos and videos
GloZell Green (@GloZell) / X
Cocannco intends to Acquire Indoor Cultivation in Sacramento
Cocannco has signed an agreement to acquire a 22,000-square-foot indoor cultivation in Sacramento, California. This fully turnkey operation comes with cannabis licenses for cultivation, manufacturing, and distribution. Through this acquisition, Cocannco would ensure the necessary licensing, quality control, and supply chain needs for Clearly California well into the future.
About Energroup Holdings Corp
Energroup Holdings Corp (OTC: ENHD) is a diversified holding company focused on acquiring and managing assets in emerging industries. Energroup is dedicated to expanding its portfolio and strengthening its position in the rapidly growing cannabis sector.
About Cocannco Inc.
Cocannco Inc. is a dynamic portfolio investment company in the hemp and cannabis market. We acquire and fund proven cannabis companies that are ready to scale.
Forward-Looking Statements:
This press release contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations and assumptions, and results may differ materially.
For more information about Energroup Holdings Corp, don't hesitate to contact us at dclark@keyresources.me.
Contact:
Energroup Holdings Corp.
Investor Relations
Email: dclark@keyresources.me
Phone: 916-898-0188
Cocannco Inc.
Investor Relations
Email: dclark@cocannco.com
Phone: 916-898-0188
Don Clark
Cocannco Inc.
+1 916-898-0188
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/315d6c08-8b95-4bdc-9164-48333da04e94
FAQ
What are the key benefits of ENHD's acquisition of Cocannco Inc?
What is the size of the Sacramento cultivation facility ENHD is acquiring through Cocannco?
When will ENHD's partnership with GloZell Green launch CBD products?
What regulatory changes will ENHD undergo after the Cocannco acquisition?
What products does Clearly California currently offer in the cannabis market?
