SOURCE: Mountain High Acquisitions Corp.

April 01, 2015 07:55 ET

Mountain High Completes Acquisition of Freedom Seed and Feed, the First Federally Permitted Hemp Seed and Fiber Farm in the USA

DENVER, CO--(Marketwired - Apr 1, 2015) - Mountain High Acquisitions Corp. (OTCQB: MYHI) ("Mountain High" or the "Company") is pleased to announce that it has completed a definitive binding Share Exchange Agreement (the "Agreement") to acquire 100% of Freedom Seed and Feed, Inc. ("FSF"), the owner and operator of the first federally permitted hemp seed and fiber farm in the United States. As per the Agreement, Mountain High will acquire 100% of FSF in exchange for 29,429,000 restricted shares of common stock of the Company.

"We are very pleased that all parties were able to come together and complete this mutually beneficial strategic acquisition so quickly," stated Alan Smith, President of Mountain High. "We look forward to leveraging FSF's expert knowledge, hands-on experience, and well-established connections within the Industrial Hemp sector to complement and enhance our current multi-facetted CBD focused strategy."

Based in Lexington, Kentucky, Freedom Seed and Feed, Inc. ("FSF"), through its wholly owned subsidiaries, Healing Ground Farms and Freedom Hemp Works, is an innovative Industrial Hemp cultivation, processing, and marketing company. FSF's expertise in production, processing, and supply chain management creates a safe, traceable, and seamless transition of crops from seed to delivery. Healing Ground Farms currently operates a 128 acre farm in the state of Kentucky. The company's 2014 hemp harvest is currently being used for research and development purposes with a global branded clothing manufacturer, and nutraceutical and pharmaceutical development partners. In addition, the company also conducted yield trials on high CBD strains of outdoor grown certified organic hemp. This plant material is set for processing into sample products in partnership with a U.S. pharmaceutical company.

Michael Lewis, Chief Operating Officer of Freedom Seed and Feed, Inc., stated, "With this synergistic transaction completed, FSF can immediately move forward with its growth strategy as part of a larger, stronger, and fully integrated hemp and CBD nutraceutical focused business."

Mountain High Acquisition Corp. files reports with the Securities & Exchange Commission on EDGAR. The Company's filings can be viewed at www.sec.gov.

About Mountain High Acquisitions Corp. (MYHI)

Mountain High Acquisitions Corp. (www.mountainhighac.com) is a diversified holding company focused on the acquisition and development of businesses within the hemp and CBD nutraceutical sectors. The Company's wholly owned subsidiary, GreenLife BotaniX, Inc. (www.greenlifebotanix.com), is a California-based developer and marketer of the "SuperCBD" brand of CBD hemp oil infused nutraceutical products. Freedom Seed and Feed, Inc., also a wholly-owned subsidiary of the Company, is an innovative Kentucky-based Industrial Hemp cultivation, processing, and marketing company. In 2014, Michael Lewis, COO of Freedom Seed and Feed, became the first federally permitted private citizen to farm hemp in the United States since 1937.

Disclaimer/Safe Harbor: This Mountain High Acquisitions Corp. news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company's contracts, the Company's ability to raise sufficient development and working capital, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all. The Company does not and will not grow, harvest, distribute, or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.

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