CannabisNewsBreaks – Hemptown President Shares Sales Numbers, Company Highlights in Investor Update

Hemptown, a diversified, industry-leading cannabinoid company, and its management is focused on ensuring that the company completes a liquidity event in the foreseeable future and plans on providing specific details surrounding its liquidity strategy to investors in the coming weeks. That information, along with sales numbers, timely information about the company’s plans to farm exclusively on its Oregon property, and marketing and processing updates were provided in an investor letter from Hemptown USA co-founder, president and director Michael Townsend. “With the leadership of our new CEO Eric ‘Grip’ Gripentrog, we have embarked on a new brand roll up strategy with five acquisition/merger targets currently under NDA,” Townsend stated in the letter. “We are also pleased to announce we have completed a bi-annual interest payment to our convertible debenture holders on June 30th, 2020. We thank the debenture holders and shareholders for their continued support of the company as we execute on our ambitious growth strategy and work towards a liquidity event.”

To view the full shareholder letter, visit http://cnw.fm/fiJqR

About Hemptown

Hemptown is a diversified, industry-leading cannabinoid company delivering a diverse product offering across the value chain and in multiple sales channels, to meet the growing global demand for cannabinoid-based products. State-of-the-art cultivation in Oregon’s Rogue Valley, FDA-licensed and cGMP-certified product manufacturing, and a strong leadership team with Fortune 500 experience, including at Kellogg’s, Nike and Intel, are the pillars for Hemptown’s growth model as the company pushes into the consumer-packaged goods sectors with top-quality, white-label and branded product lines for the consumer market. For more information, visit www.HemptownUSA.com.

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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