Accredited Solutions Inc (ASII)

[jrf30]

NEWS!!

Good Hemp Enters Into Letter of Intent to Acquire Diamond Creek
Tue, November 24, 2020, 7:00 AM MST·4 min read
CORNELIUS, NC / ACCESSWIRE / November 24, 2020 / Good Hemp, Inc. (the "Company") (OTC PINK:GHMP), announces it has entered into a non-binding letter of intent to acquire Diamond Creek Group, the maker of high alkaline water. Under the terms currently contemplated, Diamond Creek would become a wholly owned subsidiary of Good Hemp.
In 2013, CEO and Founder, Ken Morgan, realized the demand for better tasting and longer lasting alkaline water was growing. After forming a partnership with a local spring, Diamond Creek was born. Today, Diamond Creek has partnerships with springs in Ohio, Pennsylvania, and Tennessee. Their products can be found in nearly 2,000 retail locations, including Kroger, Food Lion, Harris Teeter and Giant Eagle. Diamond Creek water is ranked in the top 20 of premium waters in the United States by Information Resources, Inc. (IRI).
Rise' Meguiar, Good Hemp's VP of Sales and Innovation, commented, "This is a great strategic acquisition for Good Hemp, and I am extremely excited about the future expansion of our beverages in the retail marketplace. Not only do we plan to leverage our past relationships and sports marketing assets to expand the Diamond Creek brand, but these new relationships will also be critical for the expansion of our hemp infused beverages as hemp becomes more widely accepted by major retail chains.
Ken Morgan, Diamond Creek's CEO, stated, "The functional beverage market is growing fast, particularly in the hemp infused category. We have been exploring ways to be a part of that, and we are thrilled with the opportunity to become a part of Good Hemp." Ken continued, "Good Hemp has a strong and knowledgeable team in place that gained the company some pretty strategic distribution partners. We believe Diamond Creek will be able to strengthen Good Hemp's position in the marketplace with our manufacturing, supply chain and retail partnerships."