Hoist Capital Corp. and The Hempshire Group, Inc. Announces Management Changes
December 08, 2021 at 02:24 am IST
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Hoist Capital Corp. and The Hempshire Group, Inc. entered into a definitive merger agreement dated December 5, 2021 providing for a business combination transaction. Upon completion of the Transaction, the resulting issuer created from the combination of Hoist and Hempshire will be positioned to become a market leader of non-tobacco and non-nicotine smokable alternative products, and will continue the business currently carried on by Hempshire as a Tier 2 Life Sciences issuer under the policies of the Exchange. The Resulting Issuer will be led by the existing management team of Hempshire, consisting of the following individuals: Martin Marion (President, Chief Executive Officer and Director); Eric Starr (Chief Marketing Officer); and Tom Shuman (Chief Operating Officer). Upon completion of the Transaction, the Resulting Issuer's board of directors will be comprised of Martin Marion, Jeff Ragovin, Gail Hannon and Samuel Isaac.
The Hempshire Group, Inc. is a Canada-based company that formulates and markets its own proprietary brand of organic hemp smokes under the MOUNTAIN Smokes brand name, including MOUNTAIN Original, Mint Squeeze, and Pineapple Squeeze. The Company's principal business activity is the production and distribution of cannabidiol (CBD) Hemp smokes. MOUNTAIN Smokes are created as a smooth and delicious smokable alternative that looks, feels, burns and smokes just like a tobacco cigarette, but contains no tobacco, no nicotine, no additives, and no preservatives. MOUNTAIN Smokes are made up of a proprietary blend of only three herbal ingredients: organic hemp, organic sage, and organic mullein. MOUNTAIN Smokes full-flower hemp smokes are manufactured using custom-designed rolling machines. The smokes are tipped with its biodegradable filters (which use soy-based inks and are made with cotton and hemp).
THE HEMPSHIRE GROUP, INC. 
