Hempacco Co., Inc. acquired remaining 50% stake in Green Star Labs, Inc. from Green Globe International, Inc. for $2.5 million.
January 28, 2024
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Hempacco Co., Inc. (NasdaqCM:HPCO) acquired remaining 50% stake in Green Star Labs, Inc. from Green Globe International, Inc. (OTCPK:GGII) for $2.5 million on December 31, 2023. The consideration consists of $2.50 million in promissory note.
Hempacco Co., Inc. (NasdaqCM:HPCO) acquired remaining 50% stake in Green Star Labs, Inc. from Green Globe International, Inc. (OTCPK:GGII) on December 31, 2023.
Hempacco Co., Inc. is a vertically integrated hemp manufacturing company. The Company is focused on Disrupting Tobacco's with herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing herb, spice, and cannabinoid smokables and rolling paper. It owns The Real Stuff functional hemp cigarette and rolling paper brand. Its operating segments include Manufacturing of smokables, hemp rolling paper, and cannabinoid sticks, Smokable technology development, The Real Stuff brand of functional smokables and rolling paper, Cheech and Chong Hemp Cigarettes and Hemp Hop Smokables with Rick Ross and Snoop Dogg Joint Venture of Hemp-Derived Products. It offers white label and private label research and development (R&D) and manufacturing, specializing in intellectual property-driven projects, such as mushroom extraction using only water and magnets, production of Hemp Blunts smoking paper, beverage and shot R&D and manufacturing in hemp and functional mushrooms and others.
HEMPACCO CO., INC. 
