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Two Rivers to Acquire Established B2B Hemp Consumable Firm Cannasmoke.

M2 EQUITYBITES-August 19, 2019-Two Rivers to Acquire Established B2B Hemp Consumable Firm Cannasmoke

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20 August 2019 - US-based land and water investor Two Rivers Water and Farming Company (OTCQB: TURV) has signed a letter of intent to acquire 100% of the assets of hemp based and tobacco smokable products provider UST Mexico, Inc and its subsidiaries Hempacco Co, Inc and US Tobacco de Mexico, SA de CV, the company said.

The acquisition will enable Two Rivers to distribute products derived from its internal farm operations.

On August, 6, 2019, Two Rivers executed a letter of intent with the seller to further position the company as a fully integrated leader in agriculture-based consumer products.

UST Mexico, Inc. DBA Cannasmoke specialises in manufacturing and distribution of hemp based and tobacco smokable products and has strong relationships in mainstream retail such as duty free stores, supermarkets, convenience stores and smoke shops.

Designed to enable smaller companies to compete against large brands, Cannasmoke has a track-record of success in developing and producing high-quality consumer brands.

Hempacco Co. is a Southern California based manufacturing company entering the Hemp/CBD markets in the United States and Globally with a filtered combustible hemp smokable.

Its products resemble a traditional cigarette, but contains only whole plant hemp with naturally occurring CBD level.

Cannasmoke's management brings over 20 years of manufacturing, sales, marketing and international logistics expertise to Two Rivers. Senior management has decades of experience at British American Tobacco, and Philip Morris.

Cannasmoke will open new doors to national and international distributors for the launch of Hemp smokables, as well as Two River's entire whole plant hemp based product lines.

UST Mexico, has particularly extensive distribution in Mexico with relationships of many supermarkets, convenience stores, pharmacies' and door to door distributors.

According to the LOI, the Seller will receive 15m newly issued common shares of TURV.

These are exchanged based on the value per share of TURV at USD 1.00 with an enterprise valuation of USD 20m.

The timeline for the LOI 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 is a Colorado-based company with a diverse asset base of land and water that it plans to monetise through recently acquired hemp companies to form an integrated seed-to-sale enterprise.

The company is positioned to grow various strains of hemp with proprietary genetics, to sell bulk biomass and to process and extract isolate, and to develop and distribute consumer products.

With its home-grown hemp it has developed a line of products based on an innovative first-to-market Nature's Whole Spectrum approach.

UST Mexico, Inc. DBA Cannasmoke is a Nevada based company with production facilities in San Diego and Tijuana Mexico, eight miles over the border.

The company specializes in manufacturing and distribution of hemp based and tobacco smokable products and has strong relationships in mainstream retail such as duty free stores, supermarkets, convenience stores and smoke shops.

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Publication:M2 EquityBites (EQB)
Geographic Code:1MEX
Date:Aug 19, 2019
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