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Energroup Holdings Corp (OTC: ENHD) has announced plans to acquire Cocannco Inc, a move that will transform ENHD into a revenue-generating company and remove its 'shell' status. Cocannco is simultaneously acquiring Clearly California Products Inc, a cannabis company operating since 2022.
The acquisition includes plans for comprehensive audits and consolidation of financial statements as part of a Regulation A+ offering, aiming to achieve fully reporting status with the SEC. ENHD plans to qualify for the OTCQB market and meet Rule 15c2-11 requirements.
Clearly California Products, known for its organic cannabis products, has signed a brand partnership with social media influencer GloZell Green (7M+ followers) to develop CBD products launching in January 2025. Additionally, Cocannco has agreed to acquire a 22,000-square-foot indoor cultivation facility in Sacramento with licenses for cultivation, manufacturing, and distribution.
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