LOVE HEMP GROUP PLC - WRHLF STOCK NEWS

Love Hemp Group PLC announces the appointment of Garry Cook and Graham Mullis as Non-Executive Directors effective February 14, 2022. These changes aim to enhance corporate governance and prepare for the company's transition to the Main Market of the London Stock Exchange. Cook brings extensive experience from Nike and UFC, while Mullis is a seasoned leader in the healthcare sector, having led Novacyt SA's growth from £1 million to £277 million. Their expertise is expected to drive shareholder value and support Love Hemp's long-term sustainability.

Love Hemp Group PLC (OTCQB: WRHLF) announced a General Meeting (GM) on 4 February 2022, to adopt the 2021 annual accounts and discuss a significant reduction in the company's net assets, resulting in a serious loss of capital. Directors must address this issue in accordance with the Companies Act 2006, although shareholders will not vote on this agenda item during the GM. Meeting details and related documents will be available shortly on the company's website.

Love Hemp Group PLC (OTCQB: WRHLF) announced successful resolution voting at its Annual General Meeting held on December 31, 2021. The company reports 942,248,881 ordinary shares issued, each with one voting right. This number is crucial for shareholders to determine their obligations under UK financial regulations. The company recently rebranded from World High Life to reflect its focus on premium CBD wellness solutions.

Love Hemp Group PLC (OTCQB:WRHLF) issued shares to settle a deferred consideration of £2,000,000 to the vendors of Love Hemp Limited. This includes 65,000,000 shares at 1.5 pence each, totaling £975,000, alongside additional issuances for debt repayments and services. The company's share capital now stands at 942,248,881 Ordinary Shares. New shares are expected to begin trading on the AQSE Growth Market on December 31, 2021.

Love Hemp Group (OTCQB:WRHLF) has initiated a trial launch of its products on Deliveroo, an on-demand delivery service, within a 6km radius of its Croydon facility. This trial aims to assess consumer behavior before a potential nationwide rollout in 2022. CEO Tony Calamita emphasized that this partnership enhances visibility and consumer access, with Deliveroo's 7 million pre-registered UK users seeking high-quality CBD products. Love Hemp, focused on health and wellness solutions, boasts over 40 products and wide retail presence across the UK.

Love Hemp Group PLC (OTCQB:WRHLF) announced its final results for FY21, reporting a revenue increase to £4.33 million, up from £2.69 million in FY20. Gross profit rose to £1.25 million compared to £0.96 million the previous year. The company holds a cash balance of £0.925 million after significant marketing investments. Operational highlights include a multiyear licensing agreement with UFC and a three-year endorsement deal with Anthony Joshua. Post-period, major revenue growth was noted with a 65% increase in major retailer sales and a substantial boost in orders during Black Friday.

Love Hemp Group PLC (OTCQB: WRHLF) announced its Annual General Meeting (AGM) scheduled for December 31, 2021, at 10 am in London. A notice and proxy form will be sent to shareholders and available on the company's website. Love Hemp is a leader in the UK CBD market, offering over 40 products sold online and in 2,000+ stores, including major retailers like Holland & Barrett and Boots. The company recently rebranded from World High Life to enhance its CBD brand focus.

Love Hemp Group PLC (OTCQB: WRHLF) announced the issuance of 46,317,979 ordinary shares, comprised of 6,022,580 shares through warrant exercises and 40,295,399 shares related to various agreements, including a deal with 258 Marketing Limited and Anthony Joshua. The proceeds from the warrant exercise totaled £61,129, designated for general working capital. The company's total shares in circulation will now be 875,463,167. Furthermore, new warrants for 1,082,571 shares with an exercise price of 3.5 pence will be available until May 28, 2023.

Love Hemp Group PLC (OTCQB: WRHLF), a top CBD and hemp supplier in the UK, will host a Company Update on November 1, 2021, at 3:00 PM GMT via the Investor Meet Company platform. The presentation is open to current and prospective shareholders, allowing for question submissions beforehand or during the live event. Interested investors can join for free and follow Love Hemp Group PLC on the platform. The company, recently rebranded from World High Life, offers over 40 premium CBD products, available online and in more than 2,000 stores across the UK.