Business
Eco-Growth Strategies Moves Forward with acquisition of Hara
Eco-Growth Strategies Moves Forward with acquisition of Hara.
About this update from Eco-growth Strategies Inc.
[{"type":"text","content":"Company is Expecting to Close in Q2 2020SACRAMENTO, CA / ACCESSWIRE / May 28, 2020 / Eco-Growth Strategies (the "Company" or "Eco-Growth Strategies") (OTC PINK:ECGS), a nutraceutical company developing a variety of premium CBD-based products specializing in sourcing and extraction of trusted North American hemp, today announced that the company is moving forward with the proposed purchase of HARA, www.haraflow.com. As disclosed previously, HARA is an ultra-premium hemp-based CBD company that focuses on athletes, fitness-minded individuals as well as those interested in improving their personal well being. The company also intends to produce products for both the beauty and pet segment as well. The handcrafted catalog of products contains no THC and is produced with the highest quality CBD. The company has projected 150% year over year growth, 70% repeat customer rate and has generated $354,000 of revenue in approximately the last 14 months."We are thrilled to be moving along with the purchase of HARA. Their suite of quality CBD products will fit in nicely into the corporate structure at Eco-Growth. We intend on growing Eco-Growth through similar bolt on acquisitions" commented William Delgado, Chairman and CEO of Eco-Growth Strategies.The closing is subject to a final merger agreement along with proxy materials executed by the shareholders of HARA. The closing is expected by the end of the second quarter 2020.About Eco-Growth Strategies, Inc. A/K/A Falcon Technologies, Inc.Eco-Growth Strategies, Inc. is a nutraceutical and processing company developing a range of CBD-based products. The company's mission is to employ best practice science to source, manufacture, and package the process all of its CBD products from within the United States. The company performs farm and manufacturing site visits and sources its products from only the highest quality hemp farms in North America.CBD DisclaimerThe statements made regarding CBD products including our future products have not been evaluated by the Food and Drug Administration. The efficacy of these products and the testimonials made has not been confirmed by FDA- approved research. These products are not intended to diagnose, treat, cure or prevent any disease. All information presented here is not meant as a substitute for or alternative to informati...