Lone Star Gold has acquired good hemp, a hemp-derived CBD-infused beverage brand based in Colorado.
Under the terms of the acquisition, Lone Star Gold will own all rights and title to the brand, its trademark and formulations and will continue to serve existing consumers, retailers and distributors of good hemp.
"We are very excited about the acquisition of good hemp and the potential it has to drive value for our shareholders,” Lone Star Gold CEO William Alessi said. “We have spent the last 18 months reinventing the company and planning our new direction forward in the hemp industry. This acquisition marks our first significant step in that direction."
Good hemp 2oh! is a line of waters featuring six flavors: blueberry-blast, island coco-lime, kiwi-strawberry, lemon-twist, mango-fandango and Q-cumbermint. Each 16.9-oz. good hemp 2oh! beverage is infused with 10mg of CBD-rich hemp oil and 6g of prebiotic fiber. The vegan beverages do not contain gluten, sugar or artificial sweeteners or artificial flavors.
Good hemp fizz is a line of carbonated beverages featuring three flavors: blueberry-bam, mango-tango and citrus-twist. Each 12-oz. good hemp fizz beverage is infused with 10mg of CBD-rich hemp oil and 6g of prebiotic fiber.The vegan beverages do not contain gluten, sugar or artificial sweeteners or artificial flavors.
Good hemp products have been sold throughout the United States since 2016 via Amazon.com and local retailers.