Business
Wealthcraft Capital Agrees to Acquire a Controlling Interest in a Third CBD Company
Wealthcraft Capital Agrees to Acquire a Controlling Interest in a Third CBD Company.
About this update from Wealthcraft Capital, Inc.
[{"type":"text","content":"\n \n Wealthcraft Capital Inc. (OTC PINK: WCCP) (\"Wealthcraft\" or the \n \"Company\") is pleased to announce that it has entered into a third \n letter of intent to acquire a controlling interest in a Colorado-based \n CBD company. The intended acquisition is a company which formulates, \n manufactures and sells over 150 CBD products under its own brand and \n under white-label contract.\n \n \n While the company’s CBD gummies have become it’s largest selling \n product, the company also sells CBD gel capsules, cream, capsules, \n suppositories, tinctures and pet products. Further, the company has \n developed a line of nano-encapsulated beverages including water, shots \n and coffee creamer.\n \n \n “This transaction represents a partnership with a dedicated team of \n owners who have been successful in building production capability as \n well as a strong product brand,” said Robert Wilson, the newly-appointed \n CEO of Wealthcraft. “This transaction will be our largest acquisition to \n date and is expected to make a meaningful and immediate contribution to \n revenues and earnings.”\n \n \n About Wealthcraft Capital\n \n \n Wealthcraft Capital is a health and wellness company focused on \n acquiring private companies in the emerging hemp and CBD industry. The \n Company intends to acquire controlling interests in businesses with a \n view to becoming vertically integrated across; hemp cultivation and \n processing, CBD-based product production, branding, distribution and \n sales. Wealthcraft will work with these acquisitions as partners to \n develop wholesale markets, products and brands that can be introduced \n into the retail wellness market as well as patient-based facilities and \n clinics.\n \n \n This Press Release contains certain “forward-looking statements” as such \n term is defined in Section 21E of the Securities Exchange Act of 1934, \n as amended (the “Exchange Act”). These statements reflect our current \n expectations regarding our possible future results of operations, \n performance, and achievements. Wherever possible, the Company has tried \n to identify these forward-looking statements by using words such as \n “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend,&#...