AB, Aug. 12, 2022 /CNW/ - The Hempshire Group,
Inc. (formerly Hoist Capital Corp.) (TSXV: HMPG)
("Hempshire" or the "Company") has engaged the
services of Generation IACP Inc. ("Generation") to provide
services as a market maker in compliance with the policies and
guidelines of the TSX Venture Exchange and other applicable
legislation. Generation will receive a fee of C$7,500 plus applicable taxes per month.
The agreement between the Company and Generation is for an initial
term of six (6) months and shall be automatically renewed for
subsequent six (6) month periods (collectively, the "Term") unless
the Company provides written notice of termination to Generation at
least 30 days prior to the end of the Term or Generation provides a
written notice of termination to the Company. Commencing on
the first anniversary of the agreement, the fee payable to
Generation will automatically increase annually by 3.0%. No stock
options or other compensation are being granted in connection with
the engagement. Generation does not currently own any securities of
the Company; however, Generation and its clients may acquire an
interest in the securities of the Company in the future.
Generation is an arm's length party to the Company.
Generation's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's
shares. Generation will be responsible for the costs it incurs in
buying and selling the Company's shares, and no third party will be
providing funds or securities for the market making activities.
About Generation IACP
Generation is based in Toronto,
Ontario, and is an independently held and registered broker
and member of the Investment Industry Regulatory Organization of
Canada, the TSX-V, the Canadian
Securities Exchange, and the NEO Exchange, and is a Participating
Organization, as such term is defined in the rules and policies of
the Toronto Stock Exchange.
Incorporated in 2019, Hempshire formulates and markets its own
proprietary brands under the MOUNTAIN® Smokes
brand name, including MOUNTAIN® Originals
cannabidiol hemp smokes ("CBD Hemp Smokes") with <0.3%
THC, and MOUNTAIN® Zeros CBD Hemp Smokes with
non-detectible, <0.0001% THC, and has additional proprietary
brands under development. Hempshire also offers private
white-labeling services and contract manufacturing services,
through its partners, for significant non-owned CBD Hemp Smoke
brands in the United States and
Information about the Company's MOUNTAIN®
Smokes line of CBD Hemp Smokes can be found at the Company's
ecommerce website at https://mountainsmokes.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
SOURCE The Hempshire Group, Inc.