Pure Harvest Cannabis Group Acquires Prolific Nutrition

Pure Harvest Cannabis Group Inc. (PHCG), a Denver-based cannabis holding company, has acquired Prolific Nutrition LLC, a Colorado-based hemp/CBD company in a stock and cash transaction.

Under the terms of the deal, all of the assets of Prolific were fully acquired by Pure Harvest and will operate under Pure Harvest Hemp Inc., a wholly owned subsidiary of the company.

Prolific Nutrition was formed in 2017 and sells numerous products under multiple brands, including CBD tinctures, gummies, capsules lotion and hemp oil lip balm. Prolific also sells pet CBD products, such as daily blend hemp supplements for dogs and cats. Pure Harvest now owns the intellectual property to all associated brands, products and formulations, including the rights to the Colorado CBD Oil and Wild Pet Brands names.

Prolific’s founder and CEO, Daniel Garza, will serve as the CEO of Pure Harvest Hemp and has been elected as a director and chief marketing officer of Pure Harvest Cannabis Group.

PHCG has recently relocated its headquarters to Denver and is developing a significant base of operations that includes hemp/CBD.

“The THC and CBD industries are blending together and we have been looking for the right company to acquire that can scale quickly and become an important player in the global hemp/CBD industry,” said Matthew Gregarek, CEO of Pure Harvest Cannabis Group.

Pure Harvest Hemp has plans for achieving dramatic growth in the following areas:

• Online sales of Pure Harvest CBD consumer and animal products
• Retail Pure Harvest Hemp/CBD stores
• Development of hemp-based clothing, cosmetics and building materials