Company Expects Fees from Licensing of Intellectual Property to Significantly Enhance Margins and Boost Bottom Line Earnings Potential
San Diego, California--(Newsfile Corp. - August 16, 2021) - Green Globe International, Inc. - Hempacco (OTC Pink: GGII), the leading herb and hemp cigarette manufacturer, in their mission of Disrupting TobaccoTM, today announced that it has entered into a non-exclusive intellectual property licensing agreement with Sugar, Inc., an emerging privately-held company focused on the development, manufacturing, and commercialization of hemp and CBD-derived cigarettes.
Crème Herb Cigarettes to Initially be Distributed in Original, Vanilla and Peppermint Flavors
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In a statement, William Hsu, President of Sugar, Inc., said: "We are excited to add Hempacco's innovative hemp cigarette technology to our portfolio of smooth, flavorful, potent cigarettes with zero tobacco and no nicotine. In searching for a partner, we were looking for a facility that shares the same passion for developing hemp cigarettes as we do. We found that with Hempacco and look forward to the launch of our first "Crème"-branded hemp cigarettes in the coming weeks," concluded Mr. Hsu.
"We look forward to collaborating with the Sugar team to extend our proprietary and patent-pending CBD and hemp cigarette technology," said Sandro Piancone, Chief Executive Officer of Green Globe International, Inc. "We believe the combination of our innovative technology and their extensive marketing and distribution capabilities will enable both companies to offer the highest standards for CBD and hemp cigarettes," concluded Mr. Piancone.
About Green Global International Inc. (GGII) - Hempacco, Co. Inc.:
Green Global International Inc. and its wholly owned subsidiary Hempacco Co., Inc. are Disrupting Tobacco's nearly $1 Trillion industry with herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing consumer goods, including Herb Smokables, CBG, and CBD Hemp cigarettes. The Company owns and licenses intellectual property, has conducted extensive research and development, and is engaged in manufacturing and sales of smokable Hemp brands, including The Real Stuff Hemp Smokables. Hempacco Co., Inc.'s operating segments include joint-venture private label agreements and sales, Intellectual Property licensing, and the development and sales of inhouse brands using patented counter displays as well as six hundred Kiosk vending machines called HempBoxes.
Add Your Name to Hempacco Investor Email List
To be added to GGII - Hempacco's investor email list to be kept apprised of all upcoming IR activities, please subscribe using this link: https://newsroom.newsfilecorp.com/lists/8020/490, or for additional information, please call Investor Relations Partners at 323-380-4500.
You can purchase The Real Stuff Hemp Cigarettes by clicking here or copy-paste https://www.realstuffsmokables.com to your browser and get free samples of our Hemp Blunts. Wholesale distributors and retailers get wholesale pricing by calling (775) 473-1201.
Forward-Looking and Cautionary Statements
This news release may include forward-looking statements including opinions, assumptions, estimates, the Company's assessment of future plans and operations, including but not limited to information concerning a potential combination with Hempacco and the timing thereof. When used in this document, the words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded based on expectations and assumptions made by the Company. Forward-looking statements are subject to a wide range of risks and uncertainties. Although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to regulatory and third party approvals not being obtained in the manner or timing anticipated; the ability to implement corporate strategies; the state of domestic capital markets; the ability to obtain financing; changes in general market conditions; industry conditions and events; and other factors more fully described from time to time in the reports and filings made by the Company with OTC Markets Group, Inc. or the securities regulatory authorities. Except as required by applicable laws, the Company does not undertake any obligation to update or revise any forward-looking statements publicly. We intend that all forward-looking statements be subject to the safe-harbor provisions of relevant securities laws and considered forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended.
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Company Contact:
Founder Sandro Piancone or
Co-Founder Jorge Olson
IR@HempaccoInc.com
Investor Relations Contact:
Harry Tajyar
htajyar@irpartnersinc.com
Phone: 323-380-4500
Following are recent press release headlines from GGII - Hempacco:
Green Globe Intl. Chairman, Dr. Stuart Titus, to Serve as Panelist at 7th CBD Outlook Conference
Green Globe Intl. Signs LOI to Acquire Patent to Make Marijuana Paper
Green Globe Intl. - HempBox Vending Partners with Industry Giant SUZOHAPP to Rollout HempBoxes Across Its Network
Green Globe Intl. - Hempacco Partners with the Pelican Group to Rollout HempBoxesTM Nationwide
Green Globe Intl. - Hempacco Appoints Industry Veteran Dr. Stuart Titus as Chairman of The Board of Directors
GGII Announces 20 Billion Share Reduction in Issued and Outstanding Common Stock
GGII Green Globe - Hempacco to Be Featured in New Hemp and Cannabis Documentary Debuting at Sonoma Film Festival
GGII Green Globe - Hempacco Announces New Initiative to License Their Technology to Manufacture Cannabis Cigarettes
GGII Green Globe - Hempacco Receives Purchase Order for 250,000 packs of CBD Hemp Cigarettes from Ace & Axle, The Largest in Company History
GGII Green Globe - Hempacco launches CalivibesDelta8.com & Signs Joint Venture Agreement to launch Calivibes Delta8 Hemp Cigarettes with a 50% Ownership Stake
GGII Green Globe - Hempacco to Produce a Portfolio of Flavored Hemp Paper Wraps or Hemp Blunts, with the First Order of $230,000
GGII Green Globe - Hempacco Files Patent Application for Cigarette Filter Infusion Technology for Cannabis, Tobacco, Herb, and Hemp Cigarettes, Furthering Their Mission of Disrupting Tobacco
Green Globe - GGII Licenses Patent for Terpene Spraying Technology from Open Book Extracts, Furthering their Mission of Disrupting Tobacco
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