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On November 17, 2022, High Sierra Technologies, Inc. (OTCQB: HSTI) announced a Joint Venture Agreement with Hempacco Co., Inc. to produce hemp smokables using patented technologies. Both companies own equal equity in a new entity, Organipure, Inc., which will manufacture these products. Organipure will produce smokables without cannabis odors, opening new market opportunities. HSTI will receive a 5% annual license fee from Organipure's gross receipts. This collaboration aims to enhance revenue streams and establish a presence in the expanding hemp market.
High Sierra Technologies, Inc. (HSTI) announced that the United States Patent and Trademark Office will issue United States Patent Number 11,338,222 on May 24, 2022. This patent, linked to Application Number 16/255.157, will enhance HSTI's ability to market and license its patented technologies in the marijuana and hemp sectors, including low-odor products. CEO Vincent Lombardi highlighted the potential for licensing revenue from this and previous patents. Additionally, HSTI filed a Continuation-in-Part Application to expand its intellectual property portfolio.
High Sierra Technologies, Inc. (HSTI) has entered into a Letter of Intent to acquire HT Global, Inc. (HTG) as of December 31, 2021. The acquisition aims to enhance HSTI's revenue streams and business capabilities in the Agricultural/Industrial Hemp Industry. HTG, a revenue-generating company, excels in various aspects of the hemp sector, including seed genetics and cannabinoid extractions. The transaction is in the due diligence phase, with a planned closing on or before March 1, 2022. This strategic move represents an important growth step for HSTI, diversifying its operations beyond its cannabis technology.
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