The potential combination is expected to leverage the cutting-edge manufacturing and R&D capabilities of
The potential combination is expected to create approximately
Illumination Brands Assets at Closing:
·
· Xing Tea - a RTD responsible for over 500K cases of sales annually in the
· Aspen Pure Water – Water brand with sales and distribution.
· Beer, Wine, Alcohol and Tobacco distribution licenses.
· Exclusive distribution in the three-state distribution market of name brands, such as, Xing Tea, Go Fast, Aspen Pure,
· The DSD’s beverage incubator has aided in the initial brand development and regional market penetration for many of the nationally recognized brands such as Monster, Rockstar, C4, Tommy Knockers, Celsius, Bang, Smart Water, and more.
Hempacco Brands and Major Assets at Closing:
· 20 pieces of IP, including beverage IP.
· Beverage and shot R&D and manufacturing.
· 50,000 square feet of NSF supplement and beauty manufacturing.
· Private label and white label clients.
· A portfolio of celebrity brands led by
· A portfolio of functional shots, beverages, and gummies.
· A vending company with over 1,000 machines.
· A consumer goods incubator.
· A smoking paper company.
· Smokable factory for vapes and functional cigarettes.
- Industry Innovation: This combination would introduce the first vertically integrated beverage incubator in the
USA , focusing on the entire lifecycle of beverage products from concept to R&D through to sales and distribution. - Product Launches: The combined company is expected to launch innovative functional Beverages and Shots, signaling a new direction in product development.
- Expansion of
Snoop Dogg Products: The combination is expected to facilitate the expansion of Snoop Dogg’s product line into up to five thousand new locations, enhancing market presence and consumer reach. - Future Strategies: Post-combination, the combined company plans to expand its incubator for beverage companies, manufacture innovative products, and acquire other beverage distributors to bolster its market position by taking equity in its incubators.
- Revenue and Distribution: Illumination Brands now boasts a distribution network selling approximately
$29 million annually across 5,000+ points of sale, which would be combined withHempacco's current annual sales of approximately$6 million , intellectual property, manufacturing, and celebrity brands. - Target Customers: The combined company would sell products in convenience stores, targeting young adults with functional beverages, shots, gummies, and nutritional supplements.
A New Era for Beverage Innovation and Distribution
The parties have not yet finalized the terms of the potential business combination, a definitive combination agreement has not yet been entered into, and there is no guarantee that a definitive agreement will be entered into, or that the contemplated business combination will ever occur.
Beverage Future Plans and Aspirations
Post-merger, Illumination Brands is poised to embark on ambitious growth strategies, including expanding its product line to include functional shots and beverages, taking all brands to national distribution, acquiring other beverage distributors, and leveraging its incubator to foster innovation within the sector. The company’s goal is to create a sustainable ecosystem that nurtures emerging beverage and snack brands, offering them a seamless path from concept to consumer, with R&D, manufacturing, education, mentoring, and finally, sales and distribution, adding shareholder value by having a stake in every incubation. The main points of the post-merger include:
1. Integrate both company’s best practices and exploit areas that will accelerate revenue and profitability growth.
2. Continue to incubate and grow current portfolio of brands.
3. Add functional shots and beverages to the DSD network.
4. The ambitious goal is to place the current brand portfolio into 100,000+ points of sale.
5. Enhance online sales of product assortment with strategic partnerships afforded to the combined businesses.
About
· Incubation of New Brands
· R&D and Manufacturing Intellectual Property
· Nutritional Supplement Manufacturing
· Beverage and
· Celebrity Partnerships with
· Mushroom IP for beauty, supplements, beverages and shots
· Cannabinoid IP for beverages, shots, and gummies.
Learn about
Learn about
For investor inquiries, please contact:
Investor Relations: ir@hempaccoinc.com
619-779-0715
About Illumination Brands
Illumination Brands, formerly
ON BEHALF OF THE BOARD OF Illumination Brands INC.
“Brad Wyatt”
CEO and Chairman of the Board
For further information on the Company please contact:
or Investor Relations: 720-881-2541 or by email at info@illuminationbrands.com
Website: www.illuminationbrands.com
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: (i) potential failure to meet projected development and related targets; (ii) changes in applicable laws or regulations that may impact our products and business; (iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the
Source:
2024 GlobeNewswire, Inc., source