AppLife Digital Solutions Inc (ALDS)

[MegaDeath]

APPlife Digital Solutions, Inc. Signs LOI to Provide Global Marketing & Distribution Platform for Hemp and CBD Products

SAN FRANCISCO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- APPlife Digital Solutions, Inc. (OTCQB: ALDS) (“APPlife”, the Company”), a business incubator and portfolio manager that invests in and creates e-commerce and cloud-based solutions announced today that it has signed a Letter of Intent (“LOI”) with a privately-held company providing it with a world-wide, non-exclusive license for the purposes of utilizing APPlife’s all-inclusive, custom e-commerce platform to create a wholesale and retail marketplace to sell and distribute hemp based products, CBD and other related B2B and B2C products.

The terms include equity, revenue sharing, and upon reaching future revenue benchmarks, additional equity allowing APPlife Digital a majority position. The specific terms of the LOI, including further investment details of the public venture partnership, will be disclosed upon the execution of a definitive agreement, which is anticipated to be completed by the end of the first quarter 2021.

“APPlife Digital is excited about entering this large and growing marketplace. Aside from the health benefits associated with CBD products, the sustainability of hemp related products, including textiles, building materials and plastic replacements, is a valuable attribute that we are very much attracted to. Hemp cleanses the soil in which it is grown, uses less water to reach maturity and can be harvested multiple times a year,” stated Matt Reid CEO of APPlife.

https://www.otcmarkets.com/stock/ALDS/news/story?e&id=1799599