The Hempshire Group, Inc. (TSXV:HMPG), a California-based non-tobacco and non-nicotine smokable alternatives company that formulates and sells its own proprietary brand of CBD hemp smokes under the MOUNTAIN Smokes label, executed a binding $1.25 million purchase agreement with European exclusive master distributor Montagnaria Group AG.

The purchase agreement follows Hempshire's recent receipt of approval to sell MOUNTAIN Smokes in Belgium, resulting in access to the entire EU through member state reciprocity.

Purchase Agreement

The purchase agreement includes a binding commitment from Montagnaria to purchase a minimum of $1.25 million of MOUNTAIN Smokes over the twelve-month period from September 2022 through to August 2023. All purchase orders under the purchase agreement require a payment of …

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