Hempacco Expands Its Reach to India and Thailand, Signing Exclusive Master Distribution Agreement with CBDAY Global
CBDAY to sell Hempacco's line of hemp and CBD products, including celebrity-branded hemp rolling papers, cones, and hemp wraps
San Diego, California--(Newsfile Corp. - December 6, 2023) - Hempacco Co, Inc. (NASDAQ: HPCO) ("Hempacco"), a hemp smokables company Disrupting Tobacco's™ nearly $1 Trillion industry with hemp cigarettes, smoking paper, and alternatives to nicotine tobacco, today announced it entered into an exclusive Master Distribution Agreement with CBDAY Global Private Limited ("CBDAY/CBDAY Global"), a trailblazer in the import, export, distribution, and sales of hemp-based products in India and Asia. Under the terms of the agreement, CBDAY will exclusively sell Hempacco's line of hemp and CBD products in India and Thailand, first introducing Cheech & Chong and Rick Ross hemp products that are set to captivate audiences on CBDAY's flagship website www.cbday.in.
These premium hemp products will be made available through CBDAY's extensive online and offline distribution channels, spanning the broader Asian region. This expansion underscores their commitment to providing global consumers access to high-quality hemp and CBD offerings.
CBDAY ushers in a new era of access to premium hemp and CBD brands from across the world to the Indian population's doorsteps. The company has solidified partnerships with world-leading hemp/CBD businesses to deliver only the finest to its clients. At the helm of this innovative enterprise is the founder and CEO, Mr. Siddharth Shivkumar, who firmly believes in the myriad of health benefits and the evolutionary potential of hemp. The startup has received recognition from the Ministry of Commerce and Industry, the Ministry of Micro, Small & Medium Enterprises (MSME) of the Indian Government, and the Food Safety and Standards Authority of India (FSSAI).
"I envision the Asian market, particularly India, as a sleeping giant that will explode into a $Trillion industry as hemp-based consumerism becomes widely popular," said Mr. Siddharth Shivkumar, Founder and CEO of CBDAY Global Private Limited. "It is with immense delight that we unveil our exclusive agreement with Hempacco, encompassing all brands and celebrity partnerships. Our strategic approach, deeply rooted in an unwavering commitment to align with global trends, positions us to cultivate a sweeping and influential network across assorted nations. This marks the beginning of an extraordinary journey towards shaping the future of the hemp industry."
HPCO CBDAY New Master Distributor in India and Thailand
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"Our introduction to the Asian market through this new joint venture with CBDAY opens up a huge opportunity to market our brands in the world's largest smoking area," said Daniel Ortega, VP of Sales at Hempacco. "We are incredibly excited and happy with this new alliance that will help us continue to develop our brands globally, and where CBDAY will play a vital role in the Asian market, which is gradually opening up to more and healthier alternative options."
The Indian market has immense potential for hemp-based products, as the country has a long history of using the hemp plant for various purposes. The expanding demand for hemp-based products is also fueled by customers' growing understanding of the advantages of utilizing natural and sustainable products for their health and the environment. With a large population and rising disposable income, India is positioned to dominate the global hemp market.
Hempacco launched a joint venture with celebrities Cheech & Chong and Rapper Rick Ross in 2022 to manufacture their private brand of hemp CBD cigarettes and hemp wraps. The Cheech & Chong organic hemp wraps come in a 25-count retail display in three flavors: Merry Mint, Lemon Love, and Grandaddy Grape. The Rick Ross Hemp Hop organic hemp wraps come in a 25-count retail display in Rozay, Cookies & Creme, and Strawberry Rozay. Thanks to the new collaboration with CBDAY, these products will now be available in the Indian and Thai markets.
Ortega, Piancone, Shivkumar, HPCO CBDAY
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About Hempacco
Hempacco Co., Inc.'s goal is Disrupting Tobacco's™ nearly $1 trillion industry with herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing herb, spice, and cannabinoid smokables and rolling paper. Hempacco owns The Real Stuff™ functional hemp cigarette and rolling paper brand. Hempacco is a wholly owned subsidiary of Green Globe International Inc. (OTC Pink: GGII), a fast-moving consumer goods incubating company.
Hempacco's operating segments include:
Manufacturing of smokables, hemp rolling paper, and cannabinoid sticks
Smokable technology development
The Real Stuff™ brand of functional smokables and rolling paper
Cheech and Chong Hemp Cigarettes and Hemp Hop Smokables with Rick Ross
Snoop Dogg Joint Venture of Hemp-Derived Products
Learn more at www.hempacco.com
Learn more at www.ggiigroup.com
Order products at www.realstuffsmokables.com
About CBDAY Global Private Limited
Seeding Growth in the Hemp, Cannabis, and FMCG Industry, Chapter by Chapter
CBDAY Global stands as a pioneer in the import, export, distribution, and sales of hemp and cannabis products in Asia, aligning with global market trends to establish expansive international networks. The company's mission focuses on identifying and forging strategic partnerships across the globe, thereby enhancing the distribution and manufacturing capabilities of the exclusive brands in its portfolio.
The narrative unfolds through a tapestry of 12 thoughtfully crafted operational chapters skillfully aligned to ensure synchronized operations worldwide. From venturing into New Markets to intricately weaving Networks, conducting in-depth Research, and overseeing the intricacies of Exports, Distribution, Imports, Branding & Marketing, Cultivation, Manufacturing, and engaging Events & Expos, each chapter reveals a facet of the organization's strategic prowess. The proficiency extends to the strategic realms of forging impactful Partnerships and steering Business Development initiatives, crafting a compelling global influence and success saga.
CBDAY Global is a company held under private ownership and based out of India's National Capital Region (NCR) Metropolitan area. CBDAY's flagship online store offers an exclusive range of Hemp and Cannabis-based products, including Tinctures, Oils, Gummies, Pet Treats, Pet Oils, Smokables, Skincare, Edibles, Beverages, Rolling papers and more.
Learn more at www.cbdayglobal.com
Discover products at www.cbday.in
For investor inquiries, please contact:
Sandro Piancone, CEO
Investor Relations: ir@hempaccoinc.com
619-779-0715
For further information, please contact:
Siddharth Shivkumar, CEO
CBDAY Global Private Limited: hello@cbday.in
+91-9810676617
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: (i) potential failure to meet projected development and related targets; (ii) changes in applicable laws or regulations that may impact our products and business; (iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the "S.E.C.") by the Company. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
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