The company has reached an agreement in principle (the “Extension Agreement”) to extend the due date for the US$9,527,350 earn-out payment due to Chalice LLC (“Chalice”) and its members.
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Farmers can now grow and sell hemp-based products at close to $40 a pound compared to their previous crops which sold at close to $1 a pound, in the case of kale.
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The company has signed CBD extraction contracts with hemp cultivation operations worth $15 million in total.
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NOUV is expanding its conventional Texas based nursery operation into a major hemp farming operation.
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Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported beer brands such as the Corona and Modelo brand families, and Pacifico.
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