LOVE HEMP GROUP PLC - WRHLF STOCK NEWS

Love Hemp Group PLC (OTCQB:WRHLF) has successfully raised £2,350,000 through the subscription of 67,142,857 new ordinary shares at a price of 3.5p each. The funds will be allocated to general working capital and to enhance marketing efforts, as previously announced. Admission to the Access segment of the AQSE Growth Market is expected on 3 June 2021. The Chairman expressed confidence in the strong investor interest and the potential for future growth as the company aims for a Main Market listing.

Love Hemp Group PLC (AQSE:LIFE, OTCQB:WRHLF) has successfully raised £2.0 million through a Subscription of new ordinary shares priced at 3.5p per share, reflecting a 7.7% premium. The company also celebrated a record sales day on 20 May 2021, generating £86.4k from over 1400 orders in just 14 hours. Funds will support marketing and administrative efforts. Following a similar successful fundraising in April, the company aims to bolster its position in the CBD sector and enhance shareholder value.

Love Hemp Group has appointed Stephen White as Chief Marketing Officer and Steve Horan as Head of Marketing, enhancing its strategy to become a global brand. Both executives come with extensive experience from JD Sports, where they contributed to significant growth, including its promotion to the FTSE 100. Their backgrounds in brand building and marketing strategy focus on driving sales and market expansion. CEO Tony Calamita expressed optimism about leveraging their expertise for Love Hemp's future growth and positioning, particularly following recent partnerships like the one with the UFC.

Love Hemp Group PLC (OTCQB: WRHLF), a leading UK CBD supplier, announced the exercise of warrants resulting in the issuance of 34,814,285 new ordinary shares at a price of 1 pence each, raising £348,142 for general working capital. The new shares will be admitted to trading on the AQSE Growth Market, effective 21 May 2021. Following this issuance, the total number of ordinary shares will be 733,902,331. Shareholders should use this number to calculate their interests under the Disclosure and Transparency Rules.

Love Hemp Group has announced the issuance of 699,088,046 ordinary shares, each with a voting right. This total is important for shareholders as it serves as the denominator for determining any required notifications of interest changes under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Shareholders must use this figure when calculating their stakes in the Company.

Love Hemp Group PLC (OTCQB: WRHLF) continues its partnership with UFC Welterweight Champion Kamaru Usman for another year. This follows their significant five-year global partnership with UFC, aimed at promoting their CBD products. CEO Tony Calamita highlighted the importance of this collaboration in expanding Love Hemp's global presence. The company has over 40 CBD product lines and strong retail relationships with major UK retailers. The announcement is viewed positively, signaling growth and brand visibility.

Love Hemp Group PLC (OTCQB: WRHLF) announced the resignation of Charles Lamb as a Non-Executive Independent Director effective April 16, 2021. Lamb has contributed significantly to the company's growth and strategic direction, focusing on enhancing the Love Hemp brand globally. The company aims to strengthen its Board in preparation for its upcoming move to the London Stock Exchange's Main List.

Andrew Male, Chairman, acknowledged Lamb's contributions and emphasized the company's commitment to maximizing business opportunities during this transition.

On April 9, 2021, Love Hemp Group PLC (OTCQB: WRHLF) announced that Directors Antony Calamita and Andrew Male subscribed for shares as part of an equity fundraise, totaling £60,000 at 3.5 pence per share. Post-subscription, Calamita holds 54,385,714 shares (8.61% of share capital), while Male holds 6,138,196 shares (0.97%). The application deadline for the Broker Option has been extended to April 9, 2021, with trading of new shares expected to commence on April 13, 2021. This announcement is considered inside information as per Market Abuse Regulation.

Love Hemp Group plc responded to OTC Markets Group regarding unsolicited promotional activities on March 26, 2021. The company clarified that its Board of Directors and officers were not involved in these promotions, which only echoed previously released information. Trading activity led to a temporary rise in share price, settling within 10% of the opening price. Over the past year, the company engaged with several investor relations firms, although none were involved in unauthorized promotions. Love Hemp continues to focus on its expansion in the CBD sector, producing over 40 product lines and partnering with major UK retailers.