HealthTalk Live, Inc. entered into an agreement and plan of merger to acquire Humbly Hemp, Inc. from a group of investors.
October 04, 2016
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HealthTalk Live, Inc. (OTCPK:HLTK) entered into an agreement and plan of merger to acquire Humbly Hemp, Inc. from a group of investors in stock on October 1, 2016. HealthTalk will issue 12 million shares and will issue 5 million Series A Preferred Stock for 10 million Series A Preferred Stock of Daniel Crawford. The Preferred Stock is convertible to common stock at a rate of five shares for every share. HealthTalk will assume convertible promissory notes issued by Humbly Hemp. HealthTalk Live will assume: 12 Month 8% Convertible Promissory Note with principal amount of $0.01 million at conversion price of $0.01, 12 Month 8% Convertible Promissory Note with principal amount of $0.008 million at conversion price of $0.02, 12 Month 8% Convertible Promissory Note with principal amount of $0.005 million at conversion price of $0.01, 6 Month 6% Convertible Promissory Note with principal amount of $0.025 million at conversion price of $0.01 and 6 Month 6% Convertible Promissory Note with principal amount of $0.02 million at conversion price of $0.01. The investor group comprises of Jerry Grisaffi, Juan Martinez, Michael R. Welch, Theresa Powers, CrackerJack Classic LLC, David M. Seeberger, La Dolce Vida Trust, GCEF Opportunity Fund, LLC, Becca Ray, Alexis Grisaffi, Charles W. Smith, Daniel Crawford and William Kleidon. Post-closing, Humbly Hemp will become wholly-owned subsidiary of HealthTalk Live, Inc. Daniel Crawford – President, Chief Executive Officer, Chief Financial Officer and sole Director will remain as Officer and Director of Humbly Hemp, Inc.
The transaction is subject to approval from shareholders of HealthTalk Live, Inc. and resignations of all Directors and Officers of HealthTalk Live, Inc. The transaction was unanimously approved by Board of Directors of Humbly Hemp, Inc. and HealthTalk Live, Inc. Joe Laxague of Laxague Law, Inc. acted as the legal advisor for Humbly Hemp, Inc.
Right on Brands, Inc. is engaged in the sale of health and wellness products. The Companyâs business is conducted through its wholly owned subsidiaries, Endo Brands, Inc. (Endo Brands), Endo Wellness Centers, and Humble Water Company. The Company creates and markets a line of cannabidiol (CBD) consumer products. It creates brands with functional ingredients, and its focus is industrial hemp, hemp derived cannabinoids, and high alkaline water. Its Endo Brands include ENDO Drops, ENDO Ease, ENDO Tokes, and ENDO Gummies. ENDO Drops is a daily CBD, CBN or Delta-8 supplementation. ENDO Ease is its Endo Select Hemp Oil used as either a warming lotion, cooling lotion or salve. Its ENDO Tokes products are a range of products made for people who would rather smoke their CBD or Delta-8. It sells three different types of gummies, such as CBD, CBD and Melatonin, and Delta-8. The Company uses various manufacturers and co-packers to create its Endo branded products.
RIGHT ON BRANDS, INC. 
