WRAPmail (WRAP) Soars 80% after Acquiring CBD-Focused HealthMax
Richard Battle
January 27th, 2017
News, Top News
[stockchart symbol=WRAP]
WRAPmail Inc. [stockquote symbol=WRAP], a provider of patented interactive e-mail stationary for regular business and personal e-mails, recently announced the acquisition of Seattle-based HealthMax Group, a developer of cannabidiol (CBD) infused products.
“After getting to know David and the HealthMax team over the past month, we concluded this acquisition was a great opportunity for HealthMax to enter the public markets, and an incredible value proposition for our shareholders,” said WRAPmail CEO Marco Alfonsi.
HealthMax’s CBD solutions are designed to improve upon traditional CBD-based products through extensive lab testing. In addition to 99% purity, the products are certified to be contamination-free and ready for clinical research. The company plans to expand its production and enter the larger food and beverage industry with new first-to-market products based on its high-quality hemp-based CBDs.
“I am very proud of the progress we’ve made in the hemp industry over this short time span, as well as our advancements in nano-technology deliver of our imported all-natural hemp,” said HealthMax President and COO David Posel. “HALO CBD is medicinal grade CBD, which is clear and does not have the hash hemp taste, black color, residual solvents or toxic fillers like many competing products.”
WRAPmail intends to initiate a formal name and symbol change that’s consistent with its new focus and operate the two businesses – e-mail and CBD – as independent subsidiaries.
Shares of WRAPmail soared more than 80% higher following the news.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Richard Battle
Mr. Battle has over a decade of experience in the financial markets as both a private investor and financial journalist.
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