Huntington Announces Strategic Initiatives related to USA CBD industry
HUNTINGTON EXPLORATION INC.
Huntington Announces Strategic Initiatives related to USA CBD industry
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
Calgary, Alberta – September 4, 2019 - Huntington Exploration Inc. (“Huntington”, or the “Company”),
(TSX-V: HEI ) is pleased to announce that it is exploring strategic alternatives intended to create
shareholder value. In particular, the Company intends to explore and evaluate opportunities in the USA
industrial hemp industry with a focus on the cannabidiol (“CBD”) consumer products sector as an effective
means to enhance shareholder value. At the present time, the Company does not have any agreement,
arrangement or understanding with respect to any investment, including any cannabis or hemp operation.
Such investment, if agreed, will be subject to TSX Venture Exchange (the “TSXV”) approval and compliance
with any conditions to such approval.
The federal Agricultural Improvement Act of 2018, commonly known as the USA Farm Bill, has had a very
large, positive impact on the US hemp industry and has, as a result legalized CBD sales in all 50 states,
provided that the CBD products comply with all of the federal regulations, state level regulations, and
other guidelines consistent with the USA Farm Bill . The Brightfield Group, a market and consumer
intelligence firm for the legal CBD and cannabis industries, estimates that the USA CBD market could reach
over $23 billion in annual sales by 2023.
On behalf of the Board of Directors:
Bob Verhelst
President and CEO
Tel: 587-351-3538
Forward Looking Statements
This press release contains certain statements which constitute forward -looking statements or
information (“forward-looking statements”), including statements regarding Huntington’s intentions to
explore and evaluate strategic alternat ives, including potential investments in the USA industrial hemp
industry. Such forward looking statements are subject to numerous risks and uncertainties, some of which
are beyond Huntington's control, including the availability of potential investments on reasonable terms,
the ability of the Company to complete or finance such investments if located, impact of general economic
conditions, industry conditions, price volatility, currency fluctuations, environmental risks, competition
from other industry par ticipants, the lack of availability of qualified personnel or management, stock
market volatility and the ability to access sufficient capital from internal and external sources. Although
Huntington believes that the expectations in its forward -looking sta tements are reasonable, they are
based on factors and assumptions concerning future events which may prove to be inaccurate. Those
factors and assumptions are based upon currently available information. Such statements are subject to
known and unknown risk s, uncertainties and other factors that could influence actual results or events
and cause actual results or events to differ materially from those stated, anticipated or implied in the
forward-looking information. As such, readers are cautioned not to place undue reliance on the forward-
looking information, as no assurance can be provided as to future results, levels of activity or
achievements. The forward-looking statements contained in this document are made as of the date of
this document and, except as required by applicable law, Huntington does not undertake any obligation
to publicly update or to revise any of the included forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking statements contained in this document are
expressly qualified by this cautionary statement.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.