Hollister Biosciences Inc (HOLL)

[MustBeTheTruth]

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Hollister Biosciences FB investors Source

[positivestocks]

Revenue of $16.4 Million Last Year

Hollister Biosciences Inc ( STOCK SYMBOL on the Canadian Stock Exchange ( HOLL: CSE)

Signs LOI..

Hollister Biosciences Inc., the creator of California's #1 hash-infused pre-roll HashBone, enters into Letter of Intent to acquire Venom Extracts, one of Arizona's largest producers of award-winning medical cannabis distillate and related products

VANCOUVER , Feb. 25, 2020 /CNW/ - Hollister Biosciences Inc. (CSE: HOLL, FRANKFURT : HOB, OTC: HSTRF) (the "Company" or " Hollister ") – a vertically integrated cannabis branding company with products in 220 dispensaries throughout California , is pleased to announce that the Company signed a Letter of Intent ("LOI") on February 20 th, 2020 to acquire Venom Extracts ( "Venom"), one of Arizona's premier extract brands and one of the state's largest producers of award-winning medical cannabis distillate and related products.

[MustBeTheTruth]

Hollister to Acquire Premier Cannabis Extract Brand Venom Extracts

The Award-Winning Venom Extracts Generated EBITDA of $2.48 Million on Revenue of $16.4 Million Last Year

Read Here

[positivestocks]

HEMP is legal across every state. So, in terms of distribution partnerships..having a HEMP product only strengthens capabilities, the HEMP PRE ROLL Market is huge..

One of the fastest-growing hemp sectors bears a striking resemblance to the marijuana industry: dried and smokable hemp flowers.

The growth of hemp pre-rolls and loose flower has roots in Europe, where cannabis enthusiasts have long embraced smoking low-THC cannabis, but its rise in the U.S. is catching longtime hemp industry watchers by surprise.

Bethany Gomez, who analyzes the hemp industry for Brightfield Group, a Chicago-based cannabis market research firm, said her team uncovered the smokable hemp trend this year while calling retailers, including smoke shops, spas and natural-food stores, to find out what they were selling.

“People kept saying they were carrying pre-rolls, and we said, ‘What, like marijuana pre-rolls?’ And sure enough, they’re selling pre-rolls of hemp,” she said.


Brightfield now estimates the smokable hemp market at:
$11.5 million in 2018, a growth of 250% from 2017.
About 2% of the overall CBD market.
“We identified it as one of the fastest-growing segments of the CBD market this year,” Gomez told Hemp Industry Daily.

“It’s a trend that’s still very much developing, so it’s hard to tell whether it has a long-term play.”

New opportunity

Hemp producers say the trend is giving them a new marketing opportunity, a CBD product that doesn’t require extraction, which makes it a less expensive product to make – as long as you have room to dry flower.

“We had some plants with great flowers, and we thought we’d give it a try, just selling them like that,” said Charles Peterson, a North Carolina hemp farmer and retailer and head of the National Association of Minority Farmers in Industrial Hemp.

“It’s been a great product for us,” said Peterson, whose stores sell the pre-rolls for $9-$15.

“You get the same taste, the same psychological feeling of smoking a joint, but without the high.”

Also missing from smokable hemp: Any of the regulations or testing requirements that come along with tobacco or marijuana products. Smokable hemp is being sold in states that don’t allow medical marijuana or that have MMJ programs limited to CBD tinctures.

“Most of the clients we sell to are on the East Coast, where smokable (marijuana) flower isn’t available,” said Steven Turetsky, managing director of Shi Farms, a hemp producer in Colorado.

His company experimented with the product this year and found demand so strong that it plans to devote a hemp plot in New York to its production in 2019.

Peterson and other hemp producers offering smokable hemp told Hemp Industry Daily that they won’t sell it to people younger than 18, the same threshold as tobacco.

But that’s a voluntary decision; right now, there are no regulations around how smokable hemp should be produced or labeled.

“It’s completely flying under the radar right now,” Gomez said.

[positivestocks]

This was actually a very big press release and it looks like it will get bigger...

[positivestocks]

Nice News! I Think everyone knows the DEMAND in CALIFORNIA for Cannabis is HUGE- - the latest news is great! I like acquisitions that have value in terms of REVENUES!!!!$$$$

[MustBeTheTruth]

Hollister Biosciences’ Rebel Hemp to Launch Line of Premium Hemp Pre-Rolls + HOLL Stock Chart Review

Click here to read

[1Hornet]

As a stock holder in Hollister Biosciences Inc I have something to say to Management. I invested in this company because I saw innovation and positive growth. . . .
Ya . . . Up until the company announced the Hemp Pre rolls!
What an outrageously STUPID idea this really is and I might add the Company Stock prices reflect just how STUPID share holders think this announcement of a complete waste of financial resources this move is.
I seriously question the direction of management by taking the company along on such a loosing endeavor.
Common sense dictates that people do not like smoking hemp! It is harsh upon the throat. People smoke to get high. Smoking hemp is like burning fan leaves and stock after harvest to get rid of the by product.
As a result of this announcement my faith in this outfit making any serious headway has been seriously impaired. To the IDIOT who came up with this idea I say "You sir with this one announcement have damaged the progress this fledgling company has made" and further to that, caused me personally a great financial embarrassment.
Wake up and fly straight, people don't buy weak dope!

[Renee]

The primary Exchange for Hollister Biosciences Inc. will still be the CNSX, with addition to the U.S. OTC under ticker HSTRF.

Since I-HUB allows only one stock board per company the HOLL ticker on the CNSX will prevail.

[positivestocks]

Exciting!- Whats the ticker? for OTC LISTING of Hollister Biosciences?

[Renee]

Hollister Biosciences Inc. now traded on the OTC under ticker HSTRF:


https://otce.finra.org/otce/dailyList?viewType=Additions

[positivestocks]

anyone following Hollister Biosciences, check out the latest press release
with Tommy Chong , Cannabis ICON