LoveHemp4 Mar 2021 00:57
#Life #LoveHemp #Worldhighlife
Started by successful Canadian entrepreneurs highly experienced in CBD space in North America, previous start ups Supreme Cannabis and 1933 Industries
Acquired LoveHemp in 2019 and in process of renaming business to LoveHemp group.
LoveHemp started by two Brits in 2015 with current revenues looking to hit 6-£8M (with industry leading margins) for current FY. Sales of CBD products (line of 47) through bricks and mortar retail including Boots, Sainsbury’s, Ocado, Holland and Barrett, WH Smith etc
Online sales through LoveHemp and another owned online portal, online sales via retail online sites.
White label products for others, wholesale etc.
Three brands of cbd products aimed at differing demographics.
We are expecting a near term announcement of a substantial product endorsement/sponsorship deal.
Expansion of sales into US, announcement expected in a week or two.
I’m expecting via high profile distribution agreements
Roll out of sales into Holland through established retail distribution network immediately. Expansion into Germany, (expected to become largest single market for CBD) imminent.
Expansion into Far East, specifically Thailand and Japan, current; and another large exciting market yet to be made public.
The company is currently listed on OTC and AQUIS
An announcement regarding the planned CSE listing is expected in next few weeks and work towards this is progressed.
Given that the directors are Canadians as are Codebase Ventures, cornerstone investor, their previous experience and network, i see the CSE list will be the major catalyst for getting closer to fair value.
There is tiny free float as the directors, founders, Codebase, cornerstone investors and related parties all hold from a higher base than current SP
All are aligned with the long term plans to turn this into several hundred million pound company. Current Mcap £20 M
LoveHemp have ACTUAL and growing revenues, same cannot be said for many of their peers with higher market caps.
LoveHemp will rerate, it is likely this will be very soon given the strong news flow we have been told to expect over the coming weeks.
I’ve spoken with both CEO/founder Tony Calamita and co director Andrew Male.
I’m impressed by both. What they stated and what I’ve gleaned and guessed, has and is coming to pass.
I have been vague on a couple of points deliberately as some info is not yet public domain.
Since writing the above we’ve had two RNSs
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