Rimrock Gold acquires Hemp Tradition, LLC

|About: Rimrock Gold Corp. (RMRK)|By:, SA News Editor

Rimrock Gold (OTCPK:RMRK +20%) announced that its wholly-owned subsidiary Acqua Cannabis has acquired all assets of Hemp Tradition, LLC.

Rimrock will issue 40M shares from its treasury to the shareholders of Hemp. Rimrock agreed to assume Hemp’s liabilities related solely to the licensing fees required to facilitate the distribution of CBD products in the State of Florida estimated to be ~$135k.

“This is a very exciting transaction as it will catapult the Company immediately into the production phase allowing the Company to begin generating revenue from the sale of Hemp Tradition’s products”, stated Dr. Romeu, COO of Acqua.

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