Hempacco
Expands Its Presence into Mexico
Hempacco signs exclusive distribution agreement with Paradise Shop
Mexico to sell Hempacco's line of hemp and CBD products, including
The Real Stuff, Hemp Hop, and Cheech & Chong Smokables and
Wraps
SAN DIEGO, CA -- May 18, 2023 -- InvestorsHub
NewsWire -- 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 signed an exclusive Distribution Agreement with Paradise
Shop Mexico ("Paradise"),
a premier cannabis consumer goods distributor in Mexico.
Under the terms of the agreement, Paradise will promote, market,
and distribute Hempacco's entire portfolio of hemp and CBD
products, including The Real Stuff Hemp Smokables, Rick Ross's Hemp
Hop Smokables and Wraps, Cheech & Chong Smokables and Wraps,
and future Snoop Dogg hemp-derived products.
Paradise
seeks to be Mexico's leading franchise retail chain in distributing
cannabis-related products and derivatives. There are currently 111
Paradise franchises operating nationwide. Their mission is to
provide cannabis consumers with the different products that can be
legally sold in Mexico, whether medical, smoking, food, or cosmetic
items. Paradise was started in 2015 in Monterrey, Mexico, by a pair
of young entrepreneurs who decided to give a different twist to the
brand, focusing on the health and well-being of the community.
Their goal is to impact Mexican society and promote responsible
consumption positively.
This
collaboration between Hempacco and Paradise is an exciting
development for both companies as it allows them to tap into new
markets and leverage their respective strengths to create new
opportunities for future success. The agreement will provide
Paradise access to Hempacco's extensive hemp-derived products, such
as hemp cigarettes, hemp smoking paper, CBD oils, topicals,
edibles, skincare, and more. In addition, the two companies have
discussed jointly developing new innovative product lines with the
Paradise Shop brand.
"It makes sense
for us to partner with Paradise Shop Mexico because they are
opening the market one franchise at a time and following the laws
that are changing their position towards cannabis," stated Sandro
Pianconce, CEO of Hempacco. "This agreement marks a major milestone
in the growth of Hempacco as it will enable us to expand our reach
to this emerging market and neighbor to the south."
"Expanding the
commercialization of our brands has been one of our main
objectives, so starting operations in Mexico with our new business
partner Paradise Shop Mexico will not only allow us to have an
exponential presence in more than 100 stores nationwide but also
reach one of the markets with the greatest growth potential in the
hemp industry in the medium and long term," stated Daniel Ortega,
VP of Sales at Hempacco.
Mexico's cannabis market is projected to be worth $5 billion within
a few years, according to the National Association of the Cannabis
Industry. Cannabis in Mexico is legal for both recreational and medicinal purposes. It became legal
for recreational purposes in June 2021. Hemp and CBD products loom
large in the minds of consumers. Former Mexican President Vicente
Fox, a Paradise collaborator and franchise owner, announced at the
CannaMexico World Summit 2019 that he was ready to plant cannabis
and develop a cannabis research center on his ranch in Guanajuato.
The climate is right in Mexico for Hempacco to consider expansion
and set a footprint. By providing customers with access to
high-quality hemp-based products, this partnership will help
promote the industry's growth.
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'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
Order products at www.realstuffsmokables.com
About
Paradise Shop Mexico
Paradise
Shop Mexico's objective is to become the most significant cannabis
chain in Mexico. Two young entrepreneurs from Monterrey, Mexico,
started the business in 2015, focusing on the health and well-being
of the community. Their goal is to impact Mexican society and
promote responsible consumption positively. They opened their first
Paradise franchise in 2018. Their goal is to have 250 franchises
nationwide, with 111 franchises currently in operation.
To learn more, visit
www.paradiseshop.mx
For investor
inquiries, please contact:
Sandro Piancone,
CEO
Investor Relations:
ir@hempaccoinc.com
619-779-0715
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
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