CORNELIUS, NC / ACCESSWIRE / November 24, 2020 / Good Hemp, Inc. (the "Company") (OTC PINK:GHMP), announces it has entered into a non-binding letter of intent to acquire Diamond Creek Group, the maker of high alkaline water. Under the terms currently contemplated, Diamond Creek would become a wholly owned subsidiary of Good Hemp.
NASCAR Cup Series driver Corey LaJoie sponsored by Diamond Creek in 2020
In 2013, CEO and Founder, Ken Morgan, realized the demand for better tasting and longer lasting alkaline water was growing. After forming a partnership with a local spring, Diamond Creek was born. Today, Diamond Creek has partnerships with springs in Ohio, Pennsylvania, and Tennessee. Their products can be found in nearly 2,000 retail locations, including Kroger, Food Lion, Harris Teeter and Giant Eagle. Diamond Creek water is ranked in the top 20 of premium waters in the United States by Information Resources, Inc. (IRI).
Rise' Meguiar, Good Hemp's VP of Sales and Innovation, commented, "This is a great strategic acquisition for Good Hemp, and I am extremely excited about the future expansion of our beverages in the retail marketplace. Not only do we plan to leverage our past relationships and sports marketing assets to expand the Diamond Creek brand, but these new relationships will also be critical for the expansion of our hemp infused beverages as hemp becomes more widely accepted by major retail chains.
Ken Morgan, Diamond Creek's CEO, stated, "The functional beverage market is growing fast, particularly in the hemp infused category. We have been exploring ways to be a part of that, and we are thrilled with the opportunity to become a part of Good Hemp." Ken continued, "Good Hemp has a strong and knowledgeable team in place that gained the company some pretty strategic distribution partners. We believe Diamond Creek will be able to strengthen Good Hemp's position in the marketplace with our manufacturing, supply chain and retail partnerships."
About Diamond Creek Water
Diamond Creek manufactures ionized 9.5pH high alkaline natural spring water, sourced from the highest quality, award-winning springs in Ohio, Pennsylvania, and Tennessee. Available in three sizes: 1 gallon, 1 liter and 500 mL bottles, Diamond Creek high alkaline water aids in balancing the body's pH and provides superior hydration due to our state-of-the-art ionization process. Visit www.diamondcreekwater.com for more information.
About Good Hemp Products
Good Hemp 2oh! is a line of naturally flavored waters infused with 10mg of THC-free hemp extract and prebiotic fiber. Available in six flavors and only 20 calories per bottle: Strawberry Kiwi, Blueberry, Coconut Lime, Cucumbermint, Lemon Twist and Mango.
Good Hemp Fizz and Canna Hemp are functional carbonated beverages infused with natural flavors, organic caffeine, prebiotic fiber and hemp seed oil. Unlike other hemp-infused beverages that contain CBD, Fizz and Canna Hemp are made with hemp seed oil which is categorized as "GRAS" (under sections 201(s) and 409 of the Federal Food, Drug, and Cosmetic Act, and therefore not subject to FDA review and approval).
Safe Harbor Statement
This press release may contain forward-looking information that involve a number of risks and uncertainties made pursuant to Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things, the company's business plans and the company's growth strategy and operating strategy. Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of numerous and varied factors. Good Hemp, Inc. does not undertake to update any forward-looking statements except as required by applicable law. All subsequent written and oral forward-looking statements attributable to the company or any person acting on behalf of the company are expressly qualified in their entirety by the cautionary statements referenced above.
SOURCE: Good Hemp, Inc.