Growpacker Inc. (“Growpacker” or the “Company”), a contract manufacturer of THC- and CBD-infused edibles and beverages in the United States, has announced the launch of its Investment Accelerator Program, designed to partake in early stage financing rounds of key supply chain and technology partners focused on the cannabis sector.
The Company has identified various early stage investment opportunities and has moved forward with its first investment last week of which it believes will add an entirely new class of assets to its balance sheet and will be extremely beneficial to the brands that it manufactures for. Furthermore, these investments will secure beneficial commercial agreements for the Company with its investee companies.
The new Investment Accelerator Program gives Growpacker the opportunity to acquire equity stakes in key raw material suppliers such as CBD refiners, product safety testing companies, THC/CBD manufactures in other states, technology companies and its Brand Customers. Aside from the potential upside that the company may realize with these early stage investments, it is also entering into preferred partnership agreements with all companies that it invests into.
The cannabis industry in California is fast paced and we believe that by owning parts of our vertically integrated supply chain we will set ourselves apart from the crowd. We do not need to plan ahead regarding shortages of key materials and for long waits around certain services to be delivered as we now have a voice within these companies and preferential treatment, said Stephen Boyd, CEO of Growpacker.
We are thrilled that we have made our first investment from our Investment Accelerator, said Stephen Boyd, CEO of Growpacker. Many companies view us and the services we provide influencing active ingredient suppliers, brands and retail distribution partners as the backbone of the industry and they want to be synergistically aligned with us and in many cases that means an investment from our Accelerator.
The company now operates 3 new divisions that are fully complimentary to its core manufacturing and distribution business.
The Brand Incubator which allows brands to fast track their market development in California and become compliant with current regulations.
The Brand Accelerator which allows brands to exchange equity for Growpacker services which include, but are not limited to, manufacturing and formulation services, key market development resources and access to preferred pricing and benefits with Growpackers network of strategic partners.
The Investment Accelerator designed to invest in strategic cannabis companies focused on and beneficial to Growpackers vertically integrated supply chain strategy.
We look forward to updating the market in the coming weeks regarding specific details around our new investments.
Growpacker Inc., is a Canadian based company which, through its American interest in GP Holdings LLC, is engaged in expanding the ancillary side of the California cannabis industry through offering local and international brands key services such as formulation, manufacturing, co-packing, and distribution of THC and CBD infused beverages and edibles within the State of California. In addition to its core co-packing business, Growpacker also operates an incubator and accelerator program that fast tracks emerging cannabis brands and ancillary companies in California.
Certain statements in this press release constitute forward-looking information. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding Growpackers future, strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words believe, expect, aim, intend, plan, continue, will, may, would, anticipate, estimate, forecast, predict, project, seek, should or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only Growpackers expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.
Additional factors that could cause actual results, performance or achievements to differ materially. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Growpacker. These forward-looking statements are made as of the date of this press release and Growpacker assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
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