LOVE HEMP GROUP PLC - WRHLF STOCK NEWS

Love Hemp Group (OTCQB: WRHLF) announced on September 17, 2021, that it has received its first order from Amazon to sell its CBD products on amazon.co.uk. After a thorough compliance process, several Love Hemp SKUs will soon be available, with further product range expansion anticipated. As an Amazon Vendor, Love Hemp gains a dedicated virtual store to enhance product visibility. CEO Tony Calamita emphasized this achievement as validation of the brand's strength and a significant new online sales channel for the company.

Love Hemp Group (AQSE:LIFE)(OTCQB:WRHLF) has formed a strategic distribution partnership with eCargo Holdings Limited to enter the Asian market, starting with Hong Kong and Southeast Asia. The company plans to expand into India and Japan through eCommerce platforms like Flipkart and Rakuten in 2022. This partnership is pivotal to Love Hemp’s global growth strategy as the CBD market is projected to exceed USD20 billion by 2024, with Asia playing a significant role in this expansion.

Love Hemp Group PLC (OTCQB: WRHLF) has appointed James Ward as a Non-Executive Director, effective immediately, while Kevin Ernest has stepped down from the Board. James Ward brings extensive experience from his previous role as the owner of Whale Rock, sold to Capita plc in 2012. His expertise in public and private markets is seen as pivotal for the company's growth strategy and transition to the main market. The company, known for its premium CBD products, recently rebranded from World High Life to Love Hemp Group.

Love Hemp Group PLC (OTCQB: WRHLF) reported a strong trading update for the fiscal year ending June 30, 2021, highlighting a 60% revenue increase to £4.31 million, driven by a 244% rise in units sold. The company expanded its retail presence, with products in 198 Boots and 838 Holland & Barrett locations, and total consumer accounts growing by 106%. Despite a 17% growth in online sales, a shift in revenue streams is evident, with 59% from online and 41% from third-party retailers. The company plans to invest £10 million in international expansion, including targeting the US market.

Love Hemp has announced that it currently has 829,145,188 ordinary shares of 1p each in issue, each carrying one vote. This figure is crucial for shareholders to evaluate their voting rights and to determine if they need to notify any changes in their investment under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Shareholders should use this number as a denominator for such calculations.

Love Hemp Group has announced a three-year Endorsement Agreement with two-time Heavyweight Champion Anthony Joshua, starting July 1, 2021. Joshua will serve as a brand ambassador and collaborate on a licensed range of CBD products for athletes. As part of the agreement, he will also become a key shareholder via his management company, enhancing Love Hemp's growth strategy. Love Hemp aims to position CBD as a certified product for athletes. The company is recognized as a leading CBD supplier in the UK, offering over 40 products across various retailers and online platforms.

Love Hemp Group PLC has secured a three-year Endorsement Agreement with heavyweight champion Anthony Joshua OBE, starting July 1, 2021. As part of the agreement, Joshua will act as an ambassador for Love Hemp and will also become a key shareholder via his management company. This partnership aims to promote Love Hemp’s mission of positioning CBD as a trusted product for athletes, while developing a specialized CBD product range. The endorsement is expected to enhance Love Hemp's international growth strategy in the competitive CBD market.

Love Hemp Group PLC (OTCQB: WRHLF), a leading UK CBD supplier, has appointed three new executives: James Martin as Chief Operating Officer, Anna Legge as Chief Communications Officer, and Martin Healy as Chief Growth Officer. Martin will focus on international growth, Legge will manage stakeholder engagement, and Martin is set to implement a global strategy. The company's CEO, Tony Calamita, expressed optimism about these appointments, highlighting their potential to enhance Love Hemp's market presence and support its ambitions for a main market listing on the London Stock Exchange.

Love Hemp Group PLC (OTCQB: WRHLF) has announced the issuance of warrants and equity as part of recent fundraising efforts. A total of 15,746,325 warrants were issued with an exercise price of 3.5 pence, expiring on 12 April 2023. Additionally, 11,400,000 new Ordinary Shares were allotted at 3.5 pence each for debt repayments, totaling £399,000. Another 16,700,000 shares were issued to warrant holders at 1 pence each, raising £167,000. The new shares will be admitted to trading on AQSE from 15 June 2021.