Mountain High completes acquisition of GreenLife BotaniX

Mountain High Acquisitions Corp. is pleased to announce that it has completed the acquisition of GreenLife BotaniX, Inc., a California-based developer and marketer of CBD hemp oil infused nutraceutical products. As a result of the acquisition, GreenLife has become a wholly owned subsidiary of the company.

'The rapidly growing nutraceutical market combined with recent changes in legislation regarding hemp and CBD, and the recent explosion of consumer and media interest in hemp and CBD products has created an incredible opportunity for companies that can successfully execute their business strategies in this new space,' commented Alan Smith, President of Mountain High.

'GreenLife's strong and experienced management team is well on their way to capitalising on this opportunity with a substantial current catalogue of unique CBD hemp oil products and is poised to launch several more groundbreaking products in the near future. Everyone at Mountain High is looking forward to working closely with Brent, Marcus, and the entire GreenLife team, to build GreenLife and their SuperCBD brand into a nationally recognised leader in CBD hemp oil nutraceuticals.'

'GreenLife BotaniX, Inc. is focused on the development and sale of products containing and featuring non-psychoactive CBD (cannabidiol) derived from hemp oil and sold under the retail brand name SuperCBD.

GreenLife currently features more than a dozen CBD-based products on its e-commerce website www.greenlifebotanix.com, including four primary flagship products: 'Super CBD Drops' — a high-potency vanilla flavoured vegan hemp oil tincture, 'Super CBD Lotion' — a CBD lotion made with a unique blend of CBD, eucalyptus oil, and vitamins and minerals, 'Super CBD Lip Balm' — a medicated ointment intended for a variety of skin problems, cuts and rashes and 'Super CBD Pills' — a concentrated CBD dose in pill form for easy ingestion.

'GreenLife obtains all its CBD from organic hemp grown exclusively for GreenLife's products by a specialised hemp cultivator. All GreenLife hemp is 100% natural, non-GMO, and grown without pesticides, herbicides, and chemical fertilisers. GreenLife's supplying partner utilises state-of-the-art oil extraction methods coupled with what is believed to be the most rigorous testing regimen in the industry. The hemp oil is lab-tested multiple times during the manufacturing process, from seed to shelf.

GreenLife hemp oil is also tested for yeast/mold/fungus and bacteria like E. coli to ensure safety and quality. This combination of high quality organic source hemp, state-of-art oil extraction, and rigorous testing is intended to bring consumers the best hemp oil products on the market under the 'SuperCBD' brand name. Current and potential future sales channels for SuperCBD products include a strategic mix of online sales, brick and mortar distribution, dispensaries, liquor stores, boutiques, spas, large retail venues and direct mail.

GreenLife's Brent McMahon, President, stated: 'I am extremely excited to have GreenLife join forces with Mountain High to accelerate the growth and development of our already established CBD hemp oil nutraceutical business. This transaction, we believe, will help fuel our future growth plans and allow us to better deliver the highest quality CBD products to consumers, retailers, and wholesale distributors across the country.'

Alan Smith concluded: 'CBD hemp oil and hemp-based nutraceuticals appear to be two of the strongest components of the industry with a very bright future. Mountain High intends to continue to pursue acquisitions of other complimentary businesses and assets in the hemp/CBD nutraceutical sector.'