DALLAS, May 27, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- OrgHarvest Inc., (OTCMKTS: ORGH) (“OrgHarvest” or the “Company”), a family of brands offering superior products from a new generation of innovators, today announces that a stock transfer agreement, effective Nov. 22, 2019, has been completed. The transfer will allow for the rapid expansion of OrgHarvest, with an emphasis on superior ingredients for consumer products.
Through the transfer, OrgHarvest has received to date 2,275,000 shares of Zona stock, valued at $20 per share from First Seed International and other participants. First Seed Farms, Inc. and First Seed International, Inc. are the controlling shareholders of Zona Energy.
“We are very happy to be able to complete this agreement in our expected timeframe, given the global pandemic,” stated J. Larry Cantrell, president and chief executive officer of OrgHarvest Inc. “As we move forward in a changed world, our business strategy has never been more relevant – to provide superior ingredients for innovative beauty and health/wellness products for consumers around the globe.”
“OrgHarvest recognized the opportunity surrounding the many beneficial components of hemp,” continued Cantrell. “The 2018 Farm Bill opened up the hemp market but with lack of controls. What resulted was a marketplace of unstable hemp genetics, which called into question the safety and efficacy of consumer products.”
Cantrell elaborated, “Our exclusive agreement with First Seed allows us to create an acquisition and transparency template for ingredients, which is now being applied to personal care products. OrgHarvest will be able to address the new product transparency concerns while bringing innovative brands to the global marketplace.”
OrgHarvest was established to provide innovative brands with the financial, operational and marketing infrastructure and expertise to significantly grow market share throughout the global marketplace. Brands acquired by the Company offer excellent products and vision while OrgHarvest provides the support. This is in keeping with OrgHarvest’s motto: “We make good brands great.”
To learn more about OrgHarvest, please visit our website at https://orgharvest.us/.
About OrgHarvest, Inc.
OrgHarvest Inc. (OTCMKTS: ORGH), headquartered in Dallas, Texas, is a family of brands offering innovative beauty, health and wellness solutions – roughly a USD $9 trillion global market. We provide premium branded packaged goods to global consumers within beauty, health and wellness markets. We sell our products through mass merchandisers, e-commerce channels and a variety of retail stores. Our mission is to make good brands great. For more information, visit www.orgharvest.us. Be sure to follow us on Facebook, Twitter and Instagram.
Media Contact:
Bobbie Wasserman for OrgHarvest, Inc.
Tel: 917.747.6879
bobbie@orgharvest.us
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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