Good Hemp, Inc. completed the acquisition of Diamond Creek Group from Kenneth M. Morgan, Creekside Springs, LLC and Blue Water & Rooster, Inc for $0.69 million.
April 01, 2021
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Good Hemp, Inc. (OTCPK:GHMP) entered into a non-binding letter of intent to acquire Diamond Creek Group from Kenneth M. Morgan, Creekside Springs, LLC and Blue Water & Rooster, Inc on November 24, 2020. Post completion, Diamond Creek would become a wholly owned subsidiary of Good Hemp.
Good Hemp, Inc. (OTCPK:GHMP) completed the acquisition of Diamond Creek Group from Kenneth M. Morgan, Creekside Springs, LLC and Blue Water & Rooster, Inc for $0.69 million On April 2, 2021. On April 1, 2021, agreement was formed regarding this acquisition. Out of $690,000, $410,000 will be paid by the Good Hemp to the Sellers within 24 hours of closing, $90,000 of which will be paid by the Company to Diamond Creek within 24 hours of closing and $190,000 of which will be paid by the Company to the Sellers by April 21, 2021. On April 2, 2021, the Company closed the Acquisition and paid the initial $500,000 portion of the Purchase Price. On April 23, 2021, Good Hemp paid the $190,000 purchase price balance. Lance Brunson of Brunson Chandler & Jones, PLLC acted as legal advisor to Good Hemp, Inc.
Accredited Solutions, Inc. is focused on selling high alkaline water products under the Diamond Creek brand name. Diamond Creek High Alkaline Water is a 9.5pH high alkaline natural spring water, sourced from springs. Diamond Creek is available in one gallon, one liter and half liter bottles.
Good Hemp, Inc. completed the acquisition of Diamond Creek Group from Kenneth M. Morgan, Creekside Springs, LLC and Blue Water & Rooster, Inc for $0.69 million.