World High Life PLC Announces Appointment of Financial Advisor

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.

Positive

• Appointment of H& P Advisory Limited as financial advisor may enhance strategic direction.
• Love Hemp's established relationships with over 1,500 stores provide strong market presence.

Negative

• Dependence on a financial advisor introduces potential risks regarding strategic alignment and execution.

Appointment of Financial Advisor

LONDON, UK / ACCESSWIRE / March 1, 2021 / World High Life Plc (AQSE:LIFE)(OTCQB:WRHLF), is pleased to announce that it has appointed H&P Advisory Limited ("Hannam & Partners") as financial advisor to the Company with immediate effect.

About Love Hemp

Love Hemp is one of the UK's leading CBD and Hemp product suppliers and has more than 40 product lines, comprising oils, sprays and vapes and a variety of edible and water-based CBD products. Love Hemp has established relationships with over 1,500 stores in the UK, including leading brands such as Sainsbury's, Boots, Ocado and Holland & Barrett.

About World High Life

World High Life was established by the founders of Supreme Cannabis (TSX: FIRE), and 1933 Industries (CSE: TGIF), both companies at the forefront of the legalized cannabis industry. LIFE was established to take advantage of the huge opportunities available in the UK and European legal cannabis space, which is set to be the largest in the world within five years.

For further information please contact:

Andrew Male Chairman & Director +44 (0) 7926 397 675 andrew@worldhighlife.uk
AQSE Corporate Adviser Mark Anwyl/Allie Feuerlein Peterhouse Capital Limited +44 (0) 20 7469 0930 ma@peterhousecap.com af@peterhousecap.com	Financial PR Tim Blythe Alice McLaren Madeleine Gordon-Foxwell +44 (0) 207 138 3204 worldhighlife@blytheweigh.com

Financial Advisor

Rupert Fane
H&P Advisory Limited
+44 (0) 20 7907 8500
rf@hannam.partners

For more information on World High Life please visit: www.worldhighlife.uk

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: World High Life PLC

View source version on accesswire.com:
https://www.accesswire.com/632581/World-High-Life-PLC-Announces-Appointment-of-Financial-Advisor

FAQ

What is the significance of the financial advisor appointment for World High Life (WRHLF)?

The appointment of H& P Advisory Limited is expected to strengthen World High Life's strategic positioning in the growing cannabis market.

How does Love Hemp contribute to World High Life’s business model?

Love Hemp offers over 40 CBD and hemp products and has established relationships with major UK retailers, which supports World High Life's growth strategy.

What are the potential risks associated with the financial advisor engagement for WRHLF?

Engaging a financial advisor may introduce dependencies that could pose risks related to strategic alignment and execution of business objectives.