Hemp Naturals HPMM announced its pending acquisition of a state-of-the-art facility in upstate New York as part of the company's strategic plan to expand its operations and get into New York's up-and-coming cannabis market.
"Hemp Naturals is committed to improving the lives of people everywhere through high-quality CBD products, and we see New York as an exciting new market for our venture," said Levi Jacobson, CEO of Hemp Naturals, Inc.
The commercial building, spanning 8,250 square feet, includes office, production and warehouse space, as well as a detached shop/garage.
"Our newly acquired space in the state will allow us to expand our hemp harvesting operations in the immediate future while positioning us to move forward with cannabis growth and harvesting should cannabis be legalized on the federal level. We look forward to the addition of this new state-of-the-art space as we continue to make strategic acquisitions and add value to our shareholders' investment portfolios," Jacobson added.
Photo by Diyahna Lewis on Unsplash
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.