|Bid||N/A x N/A|
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|Day's Range||0.5450 - 0.5450|
|52 Week Range||0.0032 - 1.7500|
|Beta (5Y Monthly)||-1.25|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
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U.S.-based hemp company HempWave announced today its intention to purchase a controlling interest in Celexus, Inc. (CXUS) from the current majority shareholders of Celexus. Celexus would then change it’s name to Hempwave and become the brand of operations. The existing Hempwave will continue independent operations and would vend in new businesses into Celexus over a period of time.
In conjunction with small businesses and entrepreneurs, the Arizona-based agriculture organization is developing proprietary software using blockchain algorithms specific to the complexities of hemp biomass transactions. Additional technology in development includes drone mapping, soil nutrition, and data analytics, among others. To support its mission of growing a sustainable tomorrow, Celexus is investing in the technologies that will move agriculture, especially industrial hemp, into a growth market with far-reaching economic and environmental impact.
HempWave announced today that it is offering hemp seedlings and clones to farms in Texas. Presale opportunities are available to buyers immediately, with details to be determined when licensing begins for Texas growers sometime in 2020. According to the USDA, at over 57 million acres of harvested cropland, Texas has the greatest farming area in the country.
Celexus and HempWave announced today a partnership with Sucseed to support co-working/co-growing greenhouse opportunities. Launched earlier this year, Sucseed, a division of Central Business Development, is a California-based industrial hemp incubator and accelerator. Its innovative and customizable model allows individuals and companies to lease space from “grow tables” in a cooperative greenhouse or entire greenhouse sections for larger full-term grows.
HempWave announced today that it has initiated planting its first fields in Arizona in partnership with industrial farms. “We’re pleased to take this next crucial step in the process,” said HempWave CEO David Soto. “The climate at our partner farm here in Arizona and the outstanding quality of our material allow for a strategic approach to planting, so it’s exciting to get this phase underway.
Celexus, Inc. today announced that effective today, shares of the Company have been approved for and will commence trading on the OTCQB venture marketplace, operated by OTC Markets Group, under the ticker symbol CXUS. The Company also announced its strategy to create greater opportunity for its shareholders and attract new retail and institutional investors by providing transparency via this listing. “We are extremely pleased to announce our listing to the OTCQB Venture Marketplace," said David Soto, President of Celexus Inc. "Celexus is committed to the high level of financial and corporate disclosure/ transparency that is required for this listing category.
PHOENIX, June 4, 2019 /PRNewswire/ -- HempWave today announced it has entered into agreements with four large-scale farming operations in Arizona, agreements that will allow it to grow and harvest industrial hemp on over 600 acres in 2019. Based upon these new growing and harvesting agreements, as well as its previously announced acquisition of two Arizona-based greenhouses totaling 210,000 square feet of space for commercial hemp nursery operations, HempWave estimates that it will produce 2.1 million pounds of hemp biomass in 2019 alone, which at current market rates of $25/lb if sold in its raw form, would have a market value of $52.5 million. Since its formation in 2018, HempWave has moved aggressively to take full advantage of the widespread interest in industrial hemp.
PHOENIX, June 3, 2019 /PRNewswire/ -- HempWave today announced it has acquired all five of the industrial hemp licenses available from the state of Arizona, licensure that makes HempWave one of the first vertically integrated hemp companies in Arizona. HempWave physically acquired each of the five respective commercial hemp licenses from Arizona — Nursery, Grower, Harvester, Transporter, and Processor — on Friday, May 31, the first day the licenses were available.
PHOENIX, May 31, 2019 /PRNewswire/ -- HempWave today announced that Eric Hutchings has joined its Board of Advisors. Hutchings' experience will enable him to advise HempWave on both regulatory compliance and government relations. Hutchings has significant experience in the financial industry and has held several securities licenses in both the U.S. and Australia.
HempWave CEO David Soto said, "As we advance our goals of helping farmers to access the burgeoning hemp economy made possible by the 2018 Farm Bill, it's essential that we have a sales executive with Michael's extensive agricultural background and network. Cashion has a long history in farming with a focus in industrial distribution and process control.
LAS VEGAS , PHOENIX , and WILLCOX, Ariz. , May 16, 2019 /PRNewswire/ -- HempWave today announced it has entered into long-term agreements to acquire two existing Arizona -based greenhouses to grow industrial ...
LAS VEGAS, May 15, 2019 /PRNewswire/ -- HempWave announced today it has appointed David Soto as its Chief Executive Officer. "Joining HempWave just months after the 2018 Farm Bill was signed into law is a fantastic opportunity," Soto said. "HempWave will operate in all facets of the hemp farming industry, including retail and wholesale distribution, and just as importantly, we will help farmers all over this great land move into what we see as the very lucrative field of commercial hemp and cannabidiol (CBD) production.