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LOVE HEMP GROUP PLC - WRHLF STOCK NEWS

Welcome to our dedicated page for LOVE HEMP GROUP PLC news (Ticker: WRHLF), a resource for investors and traders seeking the latest updates and insights on LOVE HEMP GROUP PLC stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LOVE HEMP GROUP PLC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LOVE HEMP GROUP PLC's position in the market.

Rhea-AI Summary

Love Hemp Group PLC (OTCQB:WRHLF) reported interim results for the six months ended 31 December 2020. Gross revenue surged to £2,379,144, a remarkable 557% increase from £426,465 in the prior year. However, the company faced a pre-tax loss of £962,171, down from £9,835,551 in 2019. The firm successfully eliminated £4.5m in debt and signed a major multi-year marketing deal with the UFC, enhancing its brand visibility. New production facilities are set to boost manufacturing capacity significantly. Love Hemp's strategic adjustments signal optimism for future growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
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Rhea-AI Summary

Love Hemp Group PLC (OTCQB: WRHLF) has entered a five-year partnership with UFC, becoming the Official Global CBD Partner. This agreement includes branded integrations across UFC's digital platforms, enhancing brand visibility among athletes and fans. CEO Tony Calamita stated this partnership is crucial for positioning Love Hemp as a premium CBD brand internationally. UFC aims to promote CBD education for athlete health and recovery, indicating a growing interest in CBD's role in sports.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
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Rhea-AI Summary

Love Hemp Group PLC (OTCQB: WRHLF) has announced a multi-million-dollar global partnership with UFC, set to begin on June 1, 2021, lasting five years. This sponsorship agreement affords Love Hemp access to UFC’s marketing platforms and the ability to utilize UFC’s trademarks and logos. With UFC’s substantial global reach—over 625 million fans and broadcasts spanning 170 countries—Love Hemp aims to enhance its brand visibility and position itself as a premium CBD supplier. CEO Tony Calamita emphasized the potential for Love Hemp to become a top-tier international CBD brand.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.95%
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none
Rhea-AI Summary

Love Hemp Group PLC (OTCQB: WRHLF) announced the successful passing of all resolutions at its General Meeting held on March 11, 2021. A total of 86,096,355 ordinary shares will be allotted at 2.5p each as part of the conversion of Convertible Debentures, eliminating approximately £4.5 million in debt. An additional 229,415 ordinary shares were issued for settling fees. The total shares in issue will now stand at 487,766,189, with trading on the AQSE Growth Market expected to commence on March 16, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.78%
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Rhea-AI Summary

Love Hemp Group (OTCQB: WRHLF) has officially changed its name from World High Life PLC, a move expected to align the company with its well-known brand. Share certificates held by investors remain valid, requiring no exchange. Chairman Andrew Male highlighted that the name change reflects the operational entity and enhances brand recognition. Love Hemp is a leading supplier of CBD products in the UK, boasting over 40 product lines and partnerships with more than 2,000 retailers. The company is strategically positioned for growth in the expanding UK and European cannabis market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.06%
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Rhea-AI Summary

Love Hemp Group PLC (OTCQB:WRHLF) has officially changed its name from World High Life PLC, enhancing brand alignment and visibility in the CBD market. This strategic move reflects the company's commitment to its well-known operational brand, Love Hemp. Investors do not need to exchange existing share certificates. Love Hemp is a leading UK supplier of CBD and Hemp products, with over 40 product lines and partnerships with major retailers like Sainsbury's and Boots. The legal cannabis market in the UK and Europe is anticipated to grow significantly over the next five years.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.06%
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Rhea-AI Summary

World High Life Plc (AQSE:LIFE, OTCQB:WRHLF) has appointed H&P Advisory Limited as its financial advisor, effective immediately. This strategic move aims to enhance the Company's growth in the emerging UK and European legal cannabis market. Love Hemp, a leading CBD supplier under World High Life, boasts over 40 product lines and partnerships with more than 1,500 stores, including prominent retailers like Sainsbury's and Boots. The legal cannabis sector is projected to become the largest globally within five years, presenting significant opportunities for the Company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.84%
Tags
management
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Rhea-AI Summary

World High Life Plc (AQSE:LIFE)(OTCQB:WRHLF) has appointed H& P Advisory Limited as its financial advisor effective immediately. This strategic move aims to strengthen the company's position in the UK and European cannabis market, which is projected to become the largest globally within five years. Love Hemp, a key subsidiary, boasts over 40 product lines and partnerships with 1,500 UK retailers, including Sainsbury's and Boots.

This development is seen as a critical step in leveraging growth opportunities in the burgeoning cannabis sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.84%
Tags
management
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Rhea-AI Summary

World High Life Plc (AQSE:LIFE)(OTCQB:WRHLF) has announced that its subsidiary, Love Hemp Limited, has submitted a Novel Food dossier to the UK Food Standards Agency (FSA). This submission aligns with the FSA's efforts to regulate the UK CBD market, which has been largely unregulated. CEO Tony Calamita emphasized the company's commitment to high-quality, THC-free CBD products as a response to regulatory uncertainty. The dossier includes proprietary pre-clinical results, marking a significant achievement for Love Hemp in advancing its product safety and compliance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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none
Rhea-AI Summary

World High Life Plc (OTCQB:WRHLF) has announced that its subsidiary, Love Hemp Limited, submitted its Novel Food dossier to the Food Standards Agency, which will help regulate the UK's unregulated CBD market. CEO Tony Calamita stated that this move aims to eliminate regulatory uncertainty. The dossier includes comprehensive pre-clinical results based on proprietary study protocols. Love Hemp is recognized as a leading UK CBD supplier with over 40 product lines and partnerships with more than 1,500 stores, including major retailers like Sainsbury's and Boots.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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FAQ

What is the market cap of LOVE HEMP GROUP PLC (WRHLF)?

The market cap of LOVE HEMP GROUP PLC (WRHLF) is approximately 424.1K.

LOVE HEMP GROUP PLC

OTC:WRHLF

WRHLF Rankings

WRHLF Stock Data

424.12k
1.03B
24.14%
0.13%
Drug Manufacturers - Specialty & Generic
Healthcare
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