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Green Gorilla Acquires 1,500+ Acres of Organic Farmland Continuing its Vertical Integration of Seed to Shelf USDA Certified Organic CBD Products

Premium CBD company’s subsidiary Gorilla FarmCo to grow organic hemp for use in Green Gorilla branded products

MALIBU, June 25, 2019 – Green Gorilla, a leading manufacturer and brand of cannabidiol (CBD) products, has acquired two farms totaling 1,510 acres of organic farmland through its Gorilla FarmCo™ subsidiary. The farms will be used for planting, growing and harvesting organic hemp that will be used in Green Gorilla CBD products, offering consumers a “seed to shelf” line of USDA Certified Organic CBD products.

The first farm, consisting of 1,474 acres, will be primarily used for growing organic hemp, with the second 36-acre plot used for a research and development facility as well as land for organic hemp cultivation.

 

GREEN GORILLA ACQUIRES 1,500+ ACRES OF ORGANIC FARMLAND

 

Gorilla FarmCo™ will be employing sustainable agricultural practices benefiting the environment by maintaining soil quality without the use of chemical fertilizers, reducing soil degradation and erosion through cover crops and saving water by increasing soil organic matter. Sustainable agriculture also increases the biodiversity of the area by providing a variety of organisms with a healthy and natural environment in which to live. Gorilla FarmCo™ will also foster sustainability by using green buildings and solar power. The farmland sits on a large aquifer so efforts to conserve water will be through the capturing of rainfall via holding ponds as well as through the use of compost teas which help increase the water-holding capacity of soils and effluent use in its farming operations. Gorilla FarmCo will achieve sustainable agriculture through environmental health, economic profitability and social and economic equity. The company will deploy farming techniques that protect the environment, public health, human communities and animal welfare.

“We plan to be the very best land stewards with water conservation being one of our primary goals,” said Kemper Burt, president of Gorilla FarmCo™ and a biologist who specializes in organic growing, plant genetics, organic soil and nutrient science as well as irrigation control systems.

“Green Gorilla will be one of only a few nationally distributed brands offering consumers organic seed to shelf products,” said Steven Saxton, founder and CEO of Green Gorilla. “We are establishing a scalable operation that will enable us to increase CBD production based on manufacturing needs to bring consumers superior CBD products. Being vertically integrated, the company will be in control of the genetics and biomass, ensuring the absolute highest quality USDA Certified Organic seed to shelf CBD products.”

Av Singh, Ph.D., a leading authority on organic hemp and cannabis and chief agricultural scientist for Gorilla FarmCo™, added that “the combination of cover cropping, nutrient-dense soil amendments and compost teas epitomizes what the current movement of organic regenerative cannabis is all about.”

Martin Rivera, an organic farming and microbiology expert, will serve as the general manager of the facility.

Green Gorillais an international brand in the hemp and cannabis industries and a leading manufacturer of hemp-derived cannabidiol (CBD) products such as pure CBD oil, full-spectrum CBD oil, CBD topicals, CBD gummies, CBD for pets and CBD for horses. The company markets its organic supplements and topicals under the brand Hemp & Olive. Green Gorilla was established in 2013 by founder Steven Saxton. Green Gorilla products are sold at 1,500+ retailers in the U.S. and online. The company is based in Malibu, California. More information is available at Green Gorilla’s website, https://ilovegreengorilla.com.

Gorilla FarmCo™, a subsidiary of Green Gorilla, currently operates 1,500+ acres of organic hemp farmland and uses green, sustainable agricultural practices. More information is available at https://gorillafarmco.com.

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FORWARD-LOOKING STATEMENTS: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned that all forward-looking statements contained herein are reasonable, any assumption could be inaccurate and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.

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