MISSION & HISTORY.
We are focused upon investing in companies that make hemp-derived, cannabinoid-infused products such as beverages, lotions, cartridges, dabs, oils, hemp cigarettes and pre-rolled joints, tinctures, bath bombs, balms, body washes, and gummies. In addition, we are open-minded to the concept of acquiring all or a portion of one or more operating businesses and/or assets that are considered to be “essential” businesses which are unlikely to be shut down by the government during pandemics such as COVID-19.
We think that our cannabinoid deals are exciting. On February 24, 2020, we acquired 100% of Warrender Enterprise Inc. d/b/a Lifted Made (formerly d/b/a Lifted Liquids) (www.LiftedMade.com), of Zion, Illinois, for consideration of (1) $3.75 million in cash, (2) $3.75 million in the form of a secured promissory note, (3) 4,545,455 shares of unregistered common stock of Acquired Sales Corp., and (4) warrants to purchase 1,820,000 shares of unregistered common stock of Acquired Sales Corp. at an exercise price of $5.00 per share.
We also own 4.99% of CBD-infused beverage and products maker Ablis Holding Company (www.AblisBev.com), and of craft distillers Bendistillery Inc. d/b/a Crater Lake Spirits (www.CraterLakeSpirits.com) and Bend Spirits, Inc. (www.Bendistillery.com), Bend, Oregon, which we purchased on April 30, 2019 for $1,896,200 in cash.
Please feel free to review our securities filings with the U.S. Securities and Exchange Commission to learn more about our company, and the various risk factors associated with our company and our common stock.