Wanderport Corp (WDRP)

[Elcappy1]

NOTE 1 - NATURE OF OPERATIONS


https://backend.otcmarkets.com/otcapi/company/financial-report/220505/content


The Company was organized on March 29, 2006 under the laws of the State of Delaware as Temtex Industries Inc. On
January 8, 2007 Temtex Industries changed its name to Wanderport Corporation.

As of August 2009, the Company changed its business from the telecommunications/software industry to eco-friendly
water heating applications.

Only July 1, 2014, the Company had a change of control and decided it was in the best interest of the Company to
discontinue its water heater business. The Company is now a distributor of food, beverages and consumer products
with a focus in the area of industrial hemp.
The Company own the Sapa CoffeeTM trademark for its line of hemp coffee blends. The Company sells its hemp and
hemp CBD coffees and teas directly to wholesalers and retailers as well as through online market places.
The Company own a minor equity stake in Sipp Industries who is a producer and wholesaler of craft Hemp-infused
beers. The 25,000,000 Common share of Sipp Industries was obtained from a Share Purchased Agreement in Q3 2017.
The Company may receive additional shares of Sipp Industries as payments for the convertible note in the future.
The Company own a minority equity stake in Elite Beverage International (EBI) who is a producer of wine and spirits
including the award winning Tequila Comisario. Through various debt financing, the Company currently own 305,000
Common shares of Elite Beverage and warrants for an additional 60,000 Common shares. Oaktree Ventures, Inc.
placed a valuation of EBI share at $1.37 per share as of April 25, 2018.
The Company initially has plans to produce a line of coffee and hemp-infused beers. After encountering issues with the
local brewery operations, licensing and distribution, the Company has put the initiative on hold. For efficiency, the
Company is exploring options with its partner Sipp Industries for co-production and distribution of Sipp’s existing and
future beers.

To avoid stringent alcohol regulations, the Company is also experimenting with a few non-alcoholic hemp and CBDinfused beverages which it plans to launch later this year.
The Company is also working on the finishing touches on a line of CBD based skin care products which it plans to launch
before the end of the second quarter.
For the near future, the Company also plans to introduce a line of CBD based pet products, CBD based dietary
supplements, Hemp and CBD bulk ingredients.