- Sweet Earth Holdings Corp (SE) has signed a Letter of Intent with ST Group of Companies
- The LOI is to explore the acquisition of strategic partners assets and companies
- ST Group holds a unique position as an incubator company
- Sweet Earth’s current products are expected to benefit by leveraging ST Group’s celebrity brands access to approximately 1000 dispensaries in Europe and North America
- Sweet Earth is a vertically integrated “farm to shelf” hemp grower
- Sweet Earth Holdings Corp was unchanged at $0.025 at 11:33 a.m. ET
Sweet Earth Holdings (SE) has signed an LOI with ST Group to explore the amalgamation of certain partner assets and companies into Sweet Earth.
ST Group holds a unique position as an incubator company strategically engaged with a target company portfolio of assets.
It is either contractually engaged or in formal discussions with each asset of its overall target portfolio and holds a critical relationship with its target asset portfolio which reflects the desire to execute a roll up strategy of undervalued European and American brands that require proper exposure and global market placement.
Its companies include businesses in pharmaceutical therapeutics, CBD, cosmetics, and lifestyle with clients that include Fortune 500 firms.
Sweet Earth’s current products are expected to benefit by leveraging ST Group’s celebrity brands access to approximately 1000 dispensaries in the European Union and North America.
Although the agreement does not constitute an obligation of either entity the parties have been working closely to review and create a structure deemed mutually optimal.
“The ST Brands opportunity is a game changer for the company as it will provide access to dispensaries and white label branding opportunities that have been slow to materialize,” stated Chris Cooper, CFO of Sweet Earth.
“Our acquisition of STB International will allow us to leverage our strengths and synergize with their network and operations,” he added.
“We believe that there is an opportunity to become a global leader in the space,” stated by Peter Espig, CEO of Sweet Earth.
Sweet Earth is a vertically integrated “farm to shelf” hemp grower with a farm in Applegate, Oregon, that maintains a full line of hemp and CBD products for the US and global market.
Sweet Earth Holdings Corp was unchanged at $0.025 at 11:33 a.m. ET.