LOVE HEMP GROUP PLC - WRHLF STOCK NEWS

World High Life Plc (OTCQB:WRHLF) reported significant growth in sales for its subsidiary Love Hemp Limited, with Q2 unaudited revenues reaching £1,562,000 ($2,175,000), marking a 97% increase from Q1's sales of £793,500 ($1,105,000). The company's first half sales totaled £2,355,000 ($3,280,000). Gross profit in Q2 was £764,000 ($1,062,500), alongside an 11% increase in online conversion rate. Love Hemp has established strong distribution links with major retailers in the UK.

World High Life Plc (AQSE:LIFE)(OTCQB:WRHLF) announced a General Meeting scheduled for March 11, 2021, in London to discuss resolutions for issuing additional ordinary shares. The company also revealed plans to change its name to Love Hemp Group Plc as part of its strategy to enhance recognition of its subsidiary, Love Hemp Limited. Shareholders will receive the notice and proxy form soon, available on the company's website. This initiative supports the brand's global expansion in the regulated cannabis industry.

World High Life Plc (OTCQB:WRHLF) has announced a General Meeting scheduled for 11 March 2021, where shareholders will vote on resolutions to issue additional ordinary shares. The company also plans to change its name to Love Hemp Group Plc, aimed at enhancing the global recognition of its subsidiary, Love Hemp Limited. This name change reflects the company's strategy to leverage its brand's success. Shareholders will receive a Notice of GM and proxy forms soon, accessible on the company’s website.

World High Life PLC has announced its Annual General Meeting (AGM) scheduled for December 31, 2020, at 12:00 noon, to be held at 7-9 Swallow Street, London. Shareholders will soon receive copies of the AGM notice, proxy form, and the Annual Report for the year ended June 30, 2020, which will also be accessible on the company's website. This announcement is classified as inside information under the Market Abuse Regulation.

World High Life PLC has released its audited annual results for the year ending June 30, 2020, demonstrating notable achievements amidst a challenging environment. Highlights include a successful US OTC Market listing, significant growth in online sales (up 57% from June 2020), and the launch of Buzz Leaf CBD. The company's subsidiary, Love Hemp, expanded its manufacturing capabilities and received ISO 9001:2015 certification. A new facility construction is underway, further showcasing growth potential as the company advances into 2021.

World High Life has announced a total of 230,119,819 ordinary shares in issue, each share carrying one vote. This figure is crucial for shareholders as it serves as the denominator for determining any required notifications regarding changes in share interest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The announcement is part of compliance with regulatory obligations.

World High Life PLC has reported a major holding notification indicating that 0807563 BC Ltd. has acquired 3.22% of voting rights as of November 3, 2020. The notification, submitted on November 17, 2020, shows that 7,400,000 voting rights are now held directly through shares. This change may impact shareholder influence and major decisions within the company. The total number of voting rights of the issuer stands at 230,119,819. Significant acquisitions like this can point to shifts in corporate governance and strategy.

World High Life Plc (OTCQB: WRHLF) announced the successful raise of £381,143 through a private subscription for 38,114,285 ordinary shares priced at 1 pence each. The funds will facilitate due diligence for investment opportunities and support corporate working capital. Each subscriber receives one warrant per share, allowing purchase of an additional share at the same price for two years, conditional on share price performance. The total shares outstanding post-raise is 230,119,819, affecting shareholders' disclosure obligations.

On September 25, 2020, the Company announced a deed of variation regarding the acquisition of Love Hemp Ltd. Originally set to pay deferred consideration of up to £4,000,000, the revised terms now involve issuing 22,222,222 Ordinary Shares at 9p each. Additionally, the Company will pay £1,500,000 in cash by January 2021, with an alternative share payment option. The Company has also completed the conversion of Convertible Loan Notes into shares and issued 680,778 shares for adviser fees. Following these transactions, 192,005,534 Ordinary Shares will be in circulation.