World High Life PLC Announces Investment Strategy Update
World High Life Plc is refocusing its investment strategy to capitalize on the growth momentum from its subsidiary, Love Hemp. The company is exploring investment opportunities within the medicinal cannabis sector, particularly in technologies related to synthetic cannabinoids, CBD, and Hemp. CEO David Stadnyk highlighted the potential for innovations to improve wellness and quality of life. Investments will target scalable applications with existing approvals. The announcement aims to leverage Love Hemp's growth despite challenges posed by COVID-19.
- World High Life is actively pursuing investment in innovative technologies in the medicinal cannabis space.
- Love Hemp's growth momentum allows World High Life to enhance its investment focus in the cannabinoid pharmaceutical sector.
- None.
Love Hemp momentum provides World High Life team with the opportunity to focus investment attention on innovative applications for medicinal cannabis, including synthetics, CBD, and Hemp
LONDON, UK / ACCESSWIRE / September 4, 2020 / World High Life Plc (AQSE:LIFE)(OTCQB:WRHLF) is pleased to announce that, in accordance with the Company's investment strategy, and building upon momentum from its wholly owned subsidiary, London based Love Hemp Limited ("Love Hemp"), the Company is now actively considering investment targets in the medicinal cannabis space, including new technologies and synthetic cannabinoids with potential for wide applications in multiple jurisdictions.
"There are compelling opportunities to achieve our mandate, improving quality of life and wellness through innovations in medicinal cannabis, synthetic pharmaceutical derivatives, CBD and Hemp, with a number of investment opportunities that our team is actively pursuing," noted Mr. David Stadnyk, World High Life CEO.
World High Life Investment Strategy Highlights
· Building on Love Hemp's continued growth, World High Life leadership is seeking new strategic investments in the medicinal cannabis sector, including pharmaceutical applications
· Potential areas of interest include new technologies, synthetic cannabinoids, CBD, and Hemp, where they can be applied to scale globally
· Within this scope, the Company intends to invest in and scale innovative, early stage, uses of cannabinoids, which have existing approvals in place to benefit patients/users
"The Love Hemp team is doing terrific work, advancing its business model under difficult circumstances, due to COVID-19, and growing on many fronts. That momentum has allowed our World High Life team to become more active on the investment side of our business as we see tremendous opportunities, especially in the cannabinoid pharmaceutical space" added Mr. Stadnyk.
For further information please contact:
David Stadnyk Founder & CEO North America: 1 (236) 521-7211 North America toll-free: 1 (888) 616-WRHLF (9745) +44 (0) 7926 397 675 | |
AQSE Corporate Adviser Mark Anwyl/Allie Feuerlein Peterhouse Capital Limited +44 (0) 20 7469 0930 ma@peterhousecap.com af@peterhousecap.com | Financial PR Megan Ray/Madeleine Gordon-Foxwell Blytheweigh +44 (0) 20 7138 3222 Megan.Ray@blytheweigh.com Madeleine.Gordon-Foxwell@blytheweigh.com |
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 as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Cautionary Note Regarding Forward Looking Information
We seek safe harbour. Some statements contained in this news release are "forward looking information" within the meaning of securities laws. Forward looking information include, but are not limited to, statements regarding the use of proceeds of the non-brokered private placement and payment of the debt settlements. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases (including negative or grammatical variations) or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual results to differ materially. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forward-looking information contained in this press release constitutes management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received. We do not undertake to update any estimate at any particular time or in response to any particular event, except as required by law.
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SOURCE: World High Life PLC
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FAQ
What is World High Life's new investment strategy as of September 2020?
How is Love Hemp contributing to World High Life's investment plans?
What sectors is World High Life considering for investment?
Who is the CEO of World High Life and what did he say about the investment strategy?
What challenges is Love Hemp facing that may affect World High Life's strategy?
