AppLife Digital Solutions Inc (ALDS)

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APPlife Digital Solutions, Inc. Executes Definitive E-Commerce Platform License Agreement with Global Hemp Service LLC

SAN FRANCISCO, March 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 executed its previously announced letter of intent and signed a definitive agreement (“Agreement”) with Global Hemp Service LLC (“Global”). The Agreement provides Global with a perpetual, royalty-free, non-exclusive license to use APPlife’s market-ready and mobile website e-commerce platform to market, distribute, and sell its hemp, cannabidiol (“CBD”) and other related B2B and B2C products.

As part of the Agreement, Global will pay APPlife a fee of 2.5% of its gross revenues, distributed on a quarterly basis. Additionally, APPlife will receive a total of 15% of the outstanding and fully diluted shares of Global.

Global’s line of hemp and CBD products is expanding and will initially include fabrics, paper goods, hemp plastics, hemp building materials, hemp personal products (e.g., toilet paper, sanitary napkins, and tampons), hemp seed chicken feed, as well as high quality CBD oils and organic products for use in manufacturing.

“We see this as a great opportunity to join a rapidly expanding market, as well as to participate in a space where the main objective is sustainability. Hemp and its derivatives are great for our environment, they use a fraction of the water to grow, purify the soil that it grows in, and can be replenished at an exponential rate compared to trees. Hemp plastics use no petroleum, and hemp building materials are fire retardant. The hemp seed is particularly rich in healthy fats, including omega-3 and omega-6 fatty acids and both fats are known for improving heart health by reducing cholesterol and blood pressure. The benefits and uses continue to be discovered, and APPlife is committed to positioning itself to participate in this growth,” stated Matt Reid CEO of APPlife.

A recent report by market research company Grand View Research (“GVR”) predicts that the global industrial hemp market, currently estimated at USD$4.71 billion, will continue to grow throughout the next decade. GVR forecasts that the global hemp industry will register a compound average growth rate (“CAGR”) of 15.8% between 2020 and 2027 and will be driven by increased demand for hemp oil and fibers in the automotive, construction, food and beverage, personal care, and textile industries; especially in emerging regions such as the Asia Pacific.

Concerning the global CBD market, which is currently valued at USD$2.8 billion, GVR expects a CAGR of 21.2% from 2021 to 2028, with revenues increasing from $9.3 billion in 2020 to $23.6 billion in 2028. Their analysis found that “due to its healing properties, the demand for CBD for health and wellness purposes is high, which is the major factor driving the market growth. In addition, the rising acceptance and use of products due to government approvals is a major factor expected to boost production for CBD-infused products.”

https://www.otcmarkets.com/stock/ALDS/news/story?e&id=1826395