Hemply Balance Holding AB (Publ) (NGM:HMPLY) signed a letter of intent to acquire Hemp Juice Sp. z o.o from Radek Budzik, Marta Kocher and Jedrzej Zarychta for €0.89 million on December 20, 2021. The purchase price for Hemp Juice consists of a set-off issue of 120,000 shares in Hemply Balance. A cash payment divided between the years 2022–2024 of €220,000 A possible additional purchase price of a maximum of €470,000 over four years provided that the seller achieves predetermined goals (earn out). Existing owners will remain in their current roles at least until 2025 to continue building Hemp Juice. Hemp Juice reported sales of €156,000 in 2020. The transaction is conditional on completed due diligence and that Hemply Balance and Hemp Juice agree to enter into a share transfer agreement. The acquisition is expected to be completed in January 2022.

Hemply Balance Holding AB (Publ) (NGM:HMPLY) completed the acquisition of 100% stake in Hemp Juice Sp. z o.o from Radek Budzik, Marta Kocher and Jedrzej Zarychta on February 8, 2022.