Energroup Holdings Corp. Set to Acquire Cocannco Inc. Transforming into a Revenue-Generating Powerhouse

In a significant development within the cannabis industry, Energroup Holdings Corp. (OTC: ENHD) has announced its plans to acquire Cocannco Inc.. This strategic acquisition is poised to not only lift Energroup out of its “shell” status but also position it as a key player in the burgeoning cannabis market. As part of the transaction, Cocannco is simultaneously in the process of acquiring Clearly California Products Inc., further enhancing the growth potential of both entities.

Details of the Acquisition

The acquisition of Cocannco will trigger a comprehensive audit of all involved entities. Energroup aims to consolidate financial statements as part of a Regulation A+ offering, which will help them achieve fully reporting status with the U.S. Securities and Exchange Commission (SEC). This move is crucial for Energroup as it seeks to qualify for the OTCQB market and meet the requirements of Rule 15c2-11 to facilitate public trading of its shares.

Cocannco’s Strategic Moves

Cocannco to Acquire Clearly California Products Inc.

Clearly California Products Inc. has been making strides in the California cannabis market since 2022. Specializing in the formulation, manufacturing, packaging, and selling of self-branded products through licensing agreements, they have built a strong reputation for delivering organic and high-quality cannabis products. Their standout product, the Repair & Relief Balm, has garnered a dedicated following, creating a buzz within the community.

Future Growth Plans

The partnership between Cocannco and Clearly California aims to expand self-branded THC product sales in select California dispensaries, while also launching a new CBD line for nationwide distribution. Moreover, they are set to explore niche branding, catering to targeted communities, thereby further diversifying their product offerings.

Innovative Partnerships in Branding

In an exciting move, Clearly California has entered into a Brand Partnership Agreement with renowned social media influencer, actress, and comedian GloZell Green. Known for her substantial online following, GloZell will co-create a line of CBD products, which includes a CBD-infused relief balm and a reishi mushroom-infused gummy. These products are expected to launch in January 2025, expanding Clearly California’s reach into new demographics.

Strategic Acquisition of Cultivation Facilities

Cocannco is also set to enhance its operational capabilities by acquiring a 22,000-square-foot indoor cultivation facility in Sacramento, California. This fully equipped operation comes complete with licenses for cultivation, manufacturing, and distribution. This acquisition ensures that Cocannco will have secure quality control and supply chain management for Clearly California’s products as they scale their operations.

About Energroup Holdings Corp.

Energroup Holdings Corp. (OTC: ENHD) is a diversified holding company dedicated to acquiring and managing assets within emerging industries. With a steadfast commitment to expanding its portfolio, Energroup is set on strengthening its position in the rapidly evolving cannabis sector.

About Cocannco Inc.

Cocannco Inc. is a progressive investment company within the hemp and cannabis market. Their focus lies in acquiring and funding proven cannabis companies that demonstrate potential for significant growth and scalability.

Looking Ahead

The forward-looking statements made in this press release reflect Energroup’s and Cocannco’s strategic vision amidst the challenges and opportunities in the cannabis industry. Stakeholders and interested parties are encouraged to stay informed as this acquisition unfolds, paving the way for future growth and innovation.

Contact Information

For more details regarding Energroup Holdings Corp, feel free to reach out:

Email: [email protected]
Phone: 916-898-0188

For inquiries related to Cocannco Inc., you can contact:

Email: [email protected]
Phone: 916-898-0188