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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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