Hempacco partners with Simtech Vending, Paving the Way for Innovative Vending Solutions and Broader Product Offerings

San Diego, California--(Newsfile Corp. - July 23, 2024) - Hempacco Co, Inc. (NASDAQ: HPCO) ("Hempacco"), a renowned innovator in functional product manufacturing and development, is excited to announce the combination of certain assets from Simtech LLC.

The agreement, signed by Hempacco's CEO, Sandro Piancone, and David Simchon, Chief Executive Officer of Simtech LLC, delineates the following terms of the acquisition.

Agreement Highlights:

1. Parties: Hempacco and Simtech LLC, and Bear Air, LLC.
   
2. Assets: The acquisition includes 124 Nayxs and customer managedvending machines and over 77 active sales booths across the country.
   
3. Hempacco's Contribution: Hempacco's subsidiary, Hempbox Vending, Inc., will be rebranded as "Celebrity Vending" and will transfer over 100 vending machine kiosks.
   
4. Post-Acquisition Operations: Celebrity Vending will have licenses to sell Hempacco's celebrity-branded products and VDL tribe approval for casinos.

Sandro Piancone, CEO of Hempacco, expressed enthusiasm about the partnership, stating, "This agreement marks a significant step towards expanding our market presence and diversifying our product offerings."

David Simchon, CEO of Simtech LLC, shared similar sentiments, stating, "I am very excited to be apart of this movement and help insure progress."

About Hempacco
Hempacco Co., Inc.'s goal is Disrupting Tobacco's nearly $1 trillion industry with herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing herb, spice, and cannabinoid smokables and rolling paper. Hempacco owns The Real Stuff functional hemp cigarette and rolling paper brand. In addition, Hempacco manufactures a wide range of CBD-based nutraceutical and beauty products and various gummy products at its 50,000-sf cGMP facility in San Diego.
Hempacco is a majority-owned subsidiary of Green Globe International Inc. (OTC Pink: GGII), a fast-moving consumer goods incubating company.

Hempacco's operating segments include:

1. Manufacturing of vapes, hemp smokables, and hemp rolling paper
2. Manufacturing of cosmetics and nutraceutical products
3. The Real Stuff brand of functional smokables and rolling paper
4. Functional Mushroom product development using patented solubility technology
5. Celebrity-branded gummies and smokable products from Rick Ross and Snoop Dogg.

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About Simtech, LLC

Simtech LLC is a leading vending solutions provider specializing in innovative technologies and strategic partnerships. Simtech is committed to delivering exceptional value to its customers through cutting-edge vending solutions and unparalleled service.

Safe Harbor Statement

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