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New Listing: Bhang Corporation (CSE:BHNG)

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Founded in 2010, Bhang has continued to build on its award-winning edibles product line and today has an expansive portfolio of over 100 cannabis, hemp-derived CBD and terpene products, which are sold through its licensees and/or by Bhang directly.

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Additional Information:

Company: Bhang Corporation
Website: http:// www.BhangNation.com
Stock Symbol: CSE: BHNG
Date Published: Jul 11, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Bhang Corporation, a cannabis house of brands with an extensive, award-winning portfolio of products, is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “BHNG”, having previous traded as Pele Mountain Resources on the TSX Venture Exchange.

Scott J. Van Rixel, Chairman and CEO, stated: “We’re proud to announce this major milestone for Bhang and the industry, as we see a national cannabis brand begin trading on the CSE. This public listing fuels our strategy to meet the growing demand for today’s most innovative cannabis products. While our model is not reliant upon accessing the capital markets, our going public transaction will allow us to evaluate new opportunities to accelerate our growth, build our industry-leading house of brands and increase shareholder value.”

Founded in 2010, Bhang has continued to build on its award-winning edibles product line and today has an expansive portfolio of over 100 cannabis, hemp-derived CBD and terpene products, which are sold through its licensees and/or by Bhang directly.

Having won more than 30 awards including one of the most awarded cannabis chocolate bars in the world, Bhang is one of the most recognized, diversified and established brands in cannabis.

There are currently more than 1,000 stores selling Bhang’s brands and this number is expected to exceed 2,000 by the end of the year.

Management believes the company’s expansive product portfolio, combined with its well-established distribution and licensing network, position it to capture significant market share across multiple target demographics.

Some of the large target markets currently addressed with the company’s eight active brands and 100-plus products include the cannabis and hemp-derived CBD market, the performance-athletics market, and the nicotine-cessation market.

The company will be launching eight more brands with new products over the coming months that will address several larger and underserved end-markets as well.

The existing Bhang brand will serve as the foundation for the Company’s “House of Brands” vertical expansion program, which includes a full suite of THC, hemp-derived CBD, and terpene products, and a CBD brokerage business.

The company is evaluating M&A growth opportunities and joint ventures with top manufacturers and leaders in their respective consumer segments.

The shares are currently trading at $0.50.

For more information, please visit the company’s website www.BhangNation.com, contact Scott J. Van Rixel, Chairman & CEO at invest@BhangCorporation.com.

Investor relations is handled by Valter Pinto of KCSA Strategic Communications, who can be reached at 212-896-1254 or by email at valter@kcsa.com.

I’m Megan Edwards for Investmentpitch Media