GPOPlus+ Enters into Master Distribution Agreement with Hempacco

Rhea-AI Summary

GPO Plus, Inc. (OTCQB: GPOX) has announced a Master Distribution Agreement with Hempacco Co., Inc. (NASDAQ: HPCO), designating Michigan as the initial territory for its distribution division DISTRO+. This partnership aims to leverage GPOX's capabilities to distribute Hempacco's innovative hemp smokables, including products associated with notable brands like Rick Ross and Cheech and Chong. The distribution center in Michigan will cater to both new and existing customers, enhancing Hempacco's presence in the Midwest market, and is anticipated to be the first step towards expanding into additional states.

Positive

• Entered Master Distribution Agreement with Hempacco, expanding product reach.
• Designation of Michigan as a key distribution territory for Hempacco products.
• Partnership expected to drive sales growth and market penetration in the Midwest.

Negative

• None.

DISTRO+ to utilize its Midwest distribution center to sell Hempacco products in Michigan

LAS VEGAS, NEVADA and SAN DIEGO, CALIFORNIA , Oct. 13, 2022 (GLOBE NEWSWIRE) -- GPO Plus, Inc. (OTCQB: GPOX), a publicly traded company of diversified Group Purchasing Organizations (GPOs) using the power of Group Purchasing to save businesses money, today announced they entered into a Master Distribution Agreement with Hempacco Co., Inc. (NASDAQ: HPCO) ("Hempacco"), assigning Michigan as the first territory for DISTRO+, GPOX’s distribution division and GPO for specialty retailers.

Hempacco is a hemp smokables company focused on Disrupting Tobacco's™ nearly $1 trillion industry with hemp cigarettes, smoking paper, and alternatives to nicotine tobacco products. Some of HPCO’s products include Hemp Hop, a partnership with hip-hop icon Rick Ross and Rap Snacks founder and CEO James Lindsay as well as Cheech and Chong licensed products.

“We are very excited to be working with Hempacco and the brands they manufacture including Cheech and Chong and Rick Ross’ Hemp Hop branded products,” said Brett H. Pojunis, CEO of GPOX. Pojunis continued, “iconic brands combined with best in class quality products set Hempacco apart and make for a lasting partnership.”

Sandro Piancone, CEO of HPCO stated, “we are thrilled to work start working with GPOX to begin distributing products through their distribution division, DISTRO+! Piancone continued, “we are also excited to expand Hempacco’s presence in the Midwest and to partner with a company like GPOX to help us penetrate new markets.”

“DISTRO+’s newly launched distribution facility will serve both new and existing Hempacco customers in Michigan, providing local inventory, combined with next level service and support,” said Joseph Jaconi, President of DISTRO+. Jaconi continued, “we are hopeful that Michigan will be the first of many states that DISTRO+ will become Hempacco’s Master Distributor.”

Connect with us on social media to view live video updates, content, and general information about GPOX and its GPOs: https://gpoplus.com/social.

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About Hempacco
Hempacco Co., Inc.'s goal is Disrupting Tobacco's™ nearly $1 trillion industry with herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing herb, spice, and cannabinoid smokables and rolling paper. Hempacco owns The Real Stuff™ functional hemp cigarette and rolling paper brand.

Hempacco's operational segments include:

1. Manufacturing of smokables and hemp rolling paper
2. Smokable technology development
3. The Real Stuff™ brand of functional smokables and rolling paper
4. Cheech and Chong Hemp Cigarettes and Hemp Hop Smokables with Rick Ross

Learn more at www.hempaccoinc.com
Order products at www.realstuffsmokables.com

About DISTRO+
We help retailers save money + simplify purchasing!

DISTRO+ is a Group Purchasing Organization (GPO) + distributor of premium products for the emerging specialty retailer sector and wholesalers. DISTRO+ proudly represents best-in-class brands focusing on nutraceuticals, hemp derived products including flower, prerolls, gummies, sublingual strips and more utilizing the latest compounds and ingredients such as HHC, Farm Bill Compliant Delta 8 and Delta 10, THC-O, THC-P, and Kratom. All of this is backed by a robust technology portal that gives our small and medium sized partners (we call them “Members”) the IT backbone to manage logistics, inventory, payments while shopping from real time product catalogs and inventory. Through the power of Group Purchasing, DISTRO+ offers its network competitive pricing with low MOQs that realize similar discounts as major retailers with large buying power. Visit DISTRO.Plus for more information. 

About GPOPlus+ (GPOX)

Headquartered in Las Vegas, Nevada, GPOPlus+ (OTCQB: GPOX) is a publicly traded company of diversified Group Purchasing Organizations (GPOs).

Our Purpose is to save businesses money by activating the power of Group Purchasing and our Mission is to create value for our GPO Members, partners, suppliers, and shareholders.

Our Mantra:
We Aggregate, Negotiate + Share!

• Aggregate - We aggregate the purchasing power of our Members.
• Negotiate - We leverage buying power to negotiate discounts.
• Share - We share the discounts with our Members and save them money.

For more information please visit www.GPOPlus.com. To activate your free GPOX Investor Account at www.GPOPlus.com/ir.

Information about Forward-Looking Statements

This press release contains “forward-looking statements” that include statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and managers, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to; inability to gain or maintain licenses, reliance on unaudited statements, the Company’s need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company’s products, and other risks that are detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission.  All statements other than statements of historical fact are statements that could be forward-looking statements. You can typically identify these forward-looking statements through use of words such as “may,” “will,” “can” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “seek,” “estimate,” “continue,” “plan,” “point to,” “project,” “predict,” “could,” “intend,” “target,” “potential,” and other similar words and expressions of the future. The Company expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. However, there is no assurance that these expectations, beliefs and projections will prove to have been correct. Such statements reflect the current views of the Company with respect to its operations and future events, and are subject to certain risks, uncertainties and assumptions relating to its proposed operations, including the risk factors set forth herein. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, the Company’s actual results may vary significantly from those intended, anticipated, believed, estimated, expected or planned. In light of these risks, uncertainties and assumptions, any favorable forward-looking events discussed herein might not be realized and occur. The Company has no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed description of the risk factors and uncertainties affecting GPO Plus, Inc. GPOX, please refer to the Company’s recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

GPOX Shareholder Success Team + Investor Relation Contacts:
Brett H. Pojunis, CEO
Email: ir@gpoplus.com  
Shareholder’s Line: 855.935.GPOX (4769)

For HPCO investor inquiries, please contact:

Dave Gentry
RedChip Companies Inc.
1-800-RED-CHIP (733-2447)
Or 407-491-4498
HPCO@redchip.com

Attachment

• $GPOX GPOPlus+ Enters into Master Distribution Agreement with Hempacco

FAQ

What is the significance of GPOX's Master Distribution Agreement with Hempacco?

The agreement allows GPOX to distribute Hempacco's products in Michigan, enhancing market presence and potential sales.

How will the partnership between GPOX and Hempacco affect the stock price of GPOX?

The partnership may positively influence GPOX's stock price by expanding its market reach and revenue potential.

When was the Master Distribution Agreement between GPOX and Hempacco announced?

The agreement was announced on October 13, 2022.

What products will GPOX distribute under the Hempacco agreement?

GPOX will distribute Hempacco's hemp cigarettes and related products, including those tied to Rick Ross and Cheech and Chong brands.

Is Michigan the only state where GPOX will distribute Hempacco products?

No, Michigan is the first state, with plans to expand to additional states in the future.