July 10, 2019
Jamie Blundell, President & COO is pleased to provide the following update on Bhang Corporation, one of CGOC’s private holdings:
Bhang Corporation (“Bhang US”), one of CGOC’s private portfolio holdings announced that it received final approval from the Canadian Securities Exchange (“CSE”), and completed the Reverse Takeover Transaction (“RTO”), of Bhang Inc. (formerly Pele Mountain Resources Inc., “Bhang”), on July 9, 2019. Bhang will begin trading on the CSE under the symbol “BHNG”, on July 11, 2019.
Bhang acquired all of the issued and outstanding shares of Bhang US pursuant to share exchange agreements dated May 15, 2019 between the Bhang and each of the shareholders of Bhang US. Pursuant to the Transaction, Bhang issued to the shareholders of Bhang US an aggregate of 33,365,916 Shares and 56,634.128 Multiple Voting Shares in the capital of the Company.
Ahead of the RTO, Bhang invested time and effort in effectively marketing their story to the investment community including institutional investors and sell-side analysts. As well, Bhang has continued to strengthen its market position and was featured in a number of periodicals including Forbes, ABC Radio, Culture Magazine, and Foodbeast magazine. Bhang also won the Best Cannabis Infused Chocolate Award at the WeedCon Cup Cannabis Competition in Los Angeles, California.
In the coming months, shareholders can look out for: several exciting new product announcements; expansion into two new states; and pursuing accretive acquisitions to help accelerate the strategy of becoming a premier house brand in the cannabis industry.
To read the full press release, please follow this link.
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For further information please contact Cannabis Growth Opportunity Corporation:
|Website: www.cgocorp.com||Investor Relations Email: firstname.lastname@example.org|
Bhang is committed to delivering exceptional sensory experiences to consumers at every point in their cannabis journey through its award-winning portfolio of brands. Bhang is a trusted cannabis house of brands with an extensive portfolio of over 100 cannabis, hemp-derived CBD and terpene products, including chocolates, pre-rolls, vapes, gums, beverages, gummies and mouth sprays, among others (which are sold through its licensees and/or by Bhang directly). Since 2010, Bhang has mastered the art of harnessing mutually-beneficial partnerships to bring safe, consistent and delicious products to consumers.
For more information please visit www.gotbhang.com.