CanaFarma Hemp Products Corp. Signs LOI To Acquire Manufacturing Facility

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FOR FURTHER INFORMATION, PLEASE CONTACT: David LonsdaleChief Executive OfficerPhone: (214) 704-7942Email: david@canafarmacorp.com SOURCE CanaFarma Hemp Products Corp. CanaFarma Hemp Products Corp. is a full-service company operating in the hemp industry offering a full range of hemp-related products and services to the consumer wellness market. VANCOUVER, British Columbia, April 24, 2020 /PRNewswire/ — CanaFarma Hemp Products Corp. (CSE: CNFA) (the “Corporation” or “CanaFarma”) is pleased to announce that it has signed a Letter of Intent (“LOI”) with a privately held company to acquire a manufacturing facility for its hemp oil-based consumer products operations. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Having our own manufacturing facility would not only allow us to scale production in support of our growing sales and product line expansion, but also to bring new innovative products to market much faster under a more efficient and controllable cost structure.” About CanaFarma Hemp Products Corp.

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VANCOUVER, British Columbia, April 24, 2020 /PRNewswire/ — CanaFarma Hemp Products Corp. (CSE: CNFA) (the “Corporation” or “CanaFarma”) is pleased to announce that it has signed a Letter of Intent (“LOI”) with a privately held company to acquire a manufacturing facility for its hemp oil-based consumer products operations.

The potential acquisition would include a 25,000 square foot facility in  New Jersey, of which the private company currently uses a small part of the facility to manufacture certain pharmaceutical and nutraceutical products under “current Good Manufacturing Practices” (cGMP).  It is the Corporation’s intention...

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