Two Rivers Water & Farming Company cancelled the acquisition of assets of UST Mexico, Inc, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV from UST Mexico, Inc, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV.
April 26, 2020
Share
Two Rivers Water & Farming Company (OTCPK:TURV) signed a letter of intent to acquire assets of UST Mexico, Inc, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV from UST Mexico, Inc, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV for 5.9 million on August 15, 2019. As part of the consideration UST Mexico, Inc, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV will receive 15 million newly issued common shares of Two Rivers Water & Farming Company. The timeline for the letter of intent includes the execution of the definitive agreement with completed exhibits by 75 days of the signing. Completion of due diligence investigation within 30 days of signing and the closing of the transaction within fifteen days of the execution of the definitive agreement.
Two Rivers Water & Farming Company (OTCPK:TURV) cancelled the acquisition of assets of UST Mexico, Inc, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV from UST Mexico, Inc, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV on April 27, 2020. After our internal due diligence, Two Rivers Water have decided to not move forward with the LOI with UST Mexico. As a result, the appointment of Sandro Piancone as executive director of Two Rivers, was never consummated.
Green Globe International, Inc., through its subsidiary, Hempacco Co., is engaged in the manufacturing of hemp smokables for other hemp/cannabidiol (CBD) related businesses (white labeling), as well as promotion of its own brand, The Real Stuff. The Company, through its subsidiary, Hempbox Vending, Inc., sells and leases vending kiosks for the distribution of CBD and hemp products. The Companyâs vending owns approximately 585 kiosks. Its subsidiary, Green Star Labs, Inc. is involved in nutraceutical manufacturing business. Its other subsidiaries include Cali Vibes D8, LLC, Hemp Hop Smokables, LLC, StickIt USA, Inc., Cheech and Chongâs Hemp Company, Hempacco Paper Co. Inc., Organipure, Inc., Weedsies Vending, LLC, HPDG, LLC, Hempacco Europe Sp. Zoo, RD-HPCP, Inc., and Fairy Dust, Inc.
Two Rivers Water & Farming Company cancelled the acquisition of assets of UST Mexico, Inc, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV from UST Mexico, Inc, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV.