FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “CanaFarma Hemp Products Corp. Signs LOI To Acquire Manufacturing Facility”
“Buzz on the Street” Show: CanaFarma Hemp Products LOI to Acquire Manufacturing Facility
CanaFarma Hemp Products Corp. (CSE: CNFA) is pleased to announce that it has signed a Letter of Intent (“LOI”) with a privately held company to acquire a manufacturing facility for its hemp oil-based consumer products operations. The potential acquisition would include a 25,000 square foot facility in New Jersey, of which the private company currently uses a small part of the facility to manufacture certain pharmaceutical and nutraceutical products under “current Good Manufacturing Practices” (cGMP). It is the Corporation’s intention to acquire and continue to produce these products under the cGMP designation, as well as to expand the use of the facility to manufacture Canafarma’s YOOFORIC brand hemp oil-based consumer products.
CanaFarma Hemp is a full-service company operating in the hemp industry offering a full range of hemp-related products and services. These products and services include growing top-quality hemp, providing hemp-processing services, and offering hemp-based products to consumers utilizing a direct-to-consumer marketing approach.
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