Energroup Holdings Corp (OTC: ENHD) to Acquire Cocannco Inc.
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.
Energroup Holdings Corp (OTC: ENHD) ha annunciato piani per acquisire Cocannco Inc, un'azione che trasformer脿 ENHD in un'azienda generatrice di ricavi e rimuover脿 il suo status di 'shell'. Cocannco sta contemporaneamente acquisendo Clearly California Products Inc, un'azienda di cannabis operante dal 2022.
L'acquisizione include piani per audit completi e consolidamento dei bilanci finanziari come parte di un'offerta di Regolamento A+, mirando a ottenere lo status di reportistica completa con la SEC. ENHD intende qualificarsi per il mercato OTCQB e soddisfare i requisiti della Regola 15c2-11.
Clearly California Products, nota per i suoi prodotti di cannabis biologici, ha firmato una partnership di marca con l'influencer dei social media GloZell Green (oltre 7 milioni di follower) per sviluppare prodotti a base di CBD che saranno lanciati a gennaio 2025. Inoltre, Cocannco ha concordato di acquisire una struttura di coltivazione interna di 22.000 piedi quadrati a Sacramento con licenze per coltivazione, produzione e distribuzione.
Energroup Holdings Corp (OTC: ENHD) ha anunciado planes para adquirir Cocannco Inc, un movimiento que transformar谩 a ENHD en una empresa generadora de ingresos y eliminar谩 su estatus de 'shell'. Cocannco est谩 simult谩neamente adquiriendo Clearly California Products Inc, una empresa de cannabis que opera desde 2022.
La adquisici贸n incluye planes para auditor铆as exhaustivas y la consolidaci贸n de estados financieros como parte de una oferta de Regulaci贸n A+, con el objetivo de lograr el estatus de reportes completos ante la SEC. ENHD planea calificar para el mercado OTCQB y cumplir con los requisitos de la Regla 15c2-11.
Clearly California Products, conocida por sus productos de cannabis org谩nico, ha firmado una asociaci贸n de marca con la influencer de redes sociales GloZell Green (m谩s de 7 millones de seguidores) para desarrollar productos de CBD que se lanzar谩n en enero de 2025. Adem谩s, Cocannco ha acordado adquirir una instalaci贸n de cultivo interior de 22,000 pies cuadrados en Sacramento con licencias para cultivo, fabricaci贸n y distribuci贸n.
Energroup Holdings Corp (OTC: ENHD)臧赌 Cocannco Inc毳 鞚胳垬頃 瓿勴殟鞚 氚滍憸頄堨姷雼堧嫟. 鞚措姅 ENHD毳 靾橃澋鞚 彀届稖頃橂姅 須岇偓搿 氤氇嫓韨り碃 '靿' 靸來儨毳 鞐嗢暊電 臁办箻鞛呺媹雼. Cocannco電 霃欖嫓鞐 Clearly California Products Inc, 2022雲勲秬韯 鞖挫榿 欷戩澑 雽毵堨磮 須岇偓霃 鞚胳垬頃橁碃 鞛堨姷雼堧嫟.
鞚措矆 鞚胳垬鞐愲姅 SEC鞕鞚 鞕勳爠 氤搓碃 靸來儨 雼劚鞚 氇╉憸搿 頃橂姅 Regulation A+ 鞝滌晥鞚 鞚柬櫂鞙茧 鞛 鞝滍憸鞐 雽頃 膦呿暕 臧愳偓 氚 韱淀暕 瓿勴殟鞚 韽暔霅╇媹雼. ENHD電 OTCQB 鞁滌灔鞐 鞝來暕頃橁赴 鞙勴暣 Rule 15c2-11 鞖旉惮 靷暛鞚 於╈”頃 瓿勴殟鞛呺媹雼.
鞙犼赴雴 雽毵堨磮 鞝滍拡鞙茧 鞛 鞎岆牑歆 Clearly California Products電 靻岇厹 氙鸽敂鞏 鞚疙攲耄柛靹 GloZell Green(700毵 鞚挫儊鞚 韺旊鞗)鞕 敫岆灉霌 韺岉姼雱堨嫮鞚 觳搓舶頃橃棳 2025雲 1鞗 於滌嫓霅 CBD 鞝滍拡鞚 臧滊皽 欷戩瀰雼堧嫟. 霕愴暅, Cocannco電 靷皝順 頂柬姼 22,000鞚 鞁る偞 鞛鞍 鞁滌劋鞚 靷伂霛茧韱犾棎 鞛堧姅 鞛鞍, 鞝滌“ 氚 鞙犿喌鞐 雽頃 霛检澊靹检姢鞕 頃粯 鞚胳垬頃橁赴搿 頃╈潣頄堨姷雼堧嫟.
Energroup Holdings Corp (OTC: ENHD) a annonc茅 des projets pour acqu茅rir Cocannco Inc, une d茅marche qui transformera ENHD en entreprise g茅n茅ratrice de revenus et supprimera son statut de 'shell'. Cocannco acquiert simultan茅ment Clearly California Products Inc, une entreprise de cannabis op茅rant depuis 2022.
L'acquisition inclut des plans pour des audits complets et la consolidation des 茅tats financiers dans le cadre d'une offre de R茅gulation A+, visant 脿 atteindre le statut de reporting complet aupr猫s de la SEC. ENHD pr茅voit de se qualifier pour le march茅 OTCQB et de r茅pondre aux exigences de la r猫gle 15c2-11.
Clearly California Products, connue pour ses produits de cannabis biologiques, a sign茅 un partenariat de marque avec l'influenceuse des m茅dias sociaux GloZell Green (plus de 7 millions de followers) pour d茅velopper des produits CBD qui seront lanc茅s en janvier 2025. De plus, Cocannco a convenu d'acqu茅rir une installation de culture int茅rieure de 22 000 pieds carr茅s 脿 Sacramento avec des licences pour la culture, la fabrication et la distribution.
Energroup Holdings Corp (OTC: ENHD) hat Pl盲ne zur 脺bernahme von Cocannco Inc angek眉ndigt, was ENHD in ein umsatzgenerierendes Unternehmen verwandeln und seinen 'Shell'-Status beseitigen wird. Cocannco 眉bernimmt gleichzeitig Clearly California Products Inc, ein Cannabis-Unternehmen, das seit 2022 t盲tig ist.
Die 脺bernahme umfasst Pl盲ne f眉r umfassende Pr眉fungen und die Konsolidierung von Finanzberichten im Rahmen eines Regulation A+ Angebots, das darauf abzielt, den Status eines vollberichterstattenden Unternehmens bei der SEC zu erreichen. ENHD plant, sich f眉r den OTCQB-Markt zu qualifizieren und die Anforderungen der Regel 15c2-11 zu erf眉llen.
Clearly California Products, bekannt f眉r seine biologischen Cannabisprodukte, hat eine Markenpartnerschaft mit der Social-Media-Influencerin GloZell Green (眉ber 7 Millionen Follower) unterzeichnet, um CBD-Produkte zu entwickeln, die im Januar 2025 auf den Markt kommen sollen. Dar眉ber hinaus hat Cocannco vereinbart, eine 22.000 Quadratfu脽 gro脽e Innenanbauanlage in Sacramento zu 眉bernehmen, die 眉ber Lizenzen f眉r Anbau, Herstellung und Vertrieb verf眉gt.
- Acquisition will transform ENHD from shell status to revenue-generating company
- Plans to uplist to OTCQB market
- Securing comprehensive cannabis licensing through 22,000 sq ft facility acquisition
- Partnership with major influencer (700M+ views) for CBD product line
- Vertical integration through cultivation, manufacturing, and distribution capabilities
- Current shell company status indicates no existing operations
- Multiple pending acquisitions create execution risk
- current revenue from existing operations
- Regulatory compliance costs for SEC reporting status
Energroup to acquire a revenue-generating company and remove its "shell" status
SACRAMENTO, Calif., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Energroup Holdings Corp. (OTC: ENHD) today announced plans to acquire聽 This transaction would transform Energroup into a revenue-generating company and remove its current "shell" status. Cocannco is also in the process of acquiring Clearly California Products Inc., a development-stage cannabis company, further positioning the combined entities for growth in the cannabis market.
Acquiring Cocannco and its assets will initiate a comprehensive audit of all involved entities. Energroup intends to consolidate financial statements as part of a Regulation A+ offering, enabling the company to achieve fully reporting status with the U.S. Securities and Exchange Commission (SEC). Upon completing the audits, Energroup intends to seek qualification for the OTCQB market and satisfy the requirements of Rule 15c2-11 to facilitate the public trading of its shares.
Key Points:
Cocannco to Acquire Clearly California Products Inc.
Clearly, California Products Inc. has been formulating, manufacturing, packaging, and selling self-branded products on a limited scale through license manufacturing agreements to the California cannabis market since 2022. The company was founded on the idea that organic, high-quality cannabis products can be made accessible to everyone and leverages influencer partnerships to develop and launch products quickly. The team鈥檚 Repair & Relief Balm, a uniquely effective topical for skin care and pain relief, has established a cult-like following from its users and attracted word-of-mouth demand. In 2025, the company plans to expand self-branded THC product sales in select California dispensaries, launch a CBD line capable of nationwide sales, and experiment with niche branding for targeted communities.
Partnership with GloZell Green for Co-Branding CBD Products
Clearly California has signed a Brand Partnership Agreement with GloZell Green to develop a line of CBD products. GloZell is a globally known social media influencer, actress, and comedian with over 700 million views on her YouTube page and over 7 million followers across platforms. Her first products, which include a CBD-infused relief balm and reishi mushroom-infused grape gummy, are planned to launch in January 2025.
Cocannco intends to Acquire Indoor Cultivation in Sacramento
Cocannco has signed an agreement to acquire a 22,000-square-foot indoor cultivation in Sacramento, California. This fully turnkey operation comes with cannabis licenses for cultivation, manufacturing, and distribution. Through this acquisition, Cocannco would ensure the necessary licensing, quality control, and supply chain needs for Clearly California well into the future.
About Energroup Holdings Corp
Energroup Holdings Corp (OTC: ENHD) is a diversified holding company focused on acquiring and managing assets in emerging industries. Energroup is dedicated to expanding its portfolio and strengthening its position in the rapidly growing cannabis sector.
About Cocannco Inc.
Cocannco Inc. is a dynamic portfolio investment company in the hemp and cannabis market. We acquire and fund proven cannabis companies that are ready to scale.
Forward-Looking Statements:
This press release contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations and assumptions, and results may differ materially.
For more information about Energroup Holdings Corp, don't hesitate to contact us at .
Contact:
Energroup Holdings Corp.
Investor Relations
Email:
Phone: 916-898-0188
Cocannco Inc.
Investor Relations
Email:
Phone: 916-898-0188
Don Clark
Cocannco Inc.
+1 916-898-0188
A photo accompanying this announcement is available at
FAQ
What are the key benefits of ENHD's acquisition of Cocannco Inc?
What is the size of the Sacramento cultivation facility ENHD is acquiring through Cocannco?
When will ENHD's partnership with GloZell Green launch CBD products?
What regulatory changes will ENHD undergo after the Cocannco acquisition?
What products does Clearly California currently offer in the cannabis market?
