Good Hemp, Inc. (OTCPK:GHMP) entered into a definitive agreement to acquire Petro X Solutions, Inc. for $4.6 million on March 8, 2022. Pursuant to the Merger Agreement, an aggregate of 100,000,000 shares of Company common stock will be issued to the shareholders of PXS in the Merger. Merger closing is to occur upon the satisfaction of several conditions, including (i) customary closing conditions, including the receipt of necessary approval from each of the Company and PXS, the accuracy of the representations and warranties of the other party, performance by the other party of its obligations under the Merger Agreement, and the absence of any material adverse changes in the condition of the other party, (ii) the reformation of promissory notes payable to our current management.

Our management sees no impediment to the consummation of the Merger, and (iii) Approval by the shareholders of Target. The Boards of Directors of the Parent and Target have approved the acquisition.