• Hempacco Acquires Assets of Simtech, MJAC Vending, and Bear Air, Paving the Way for Innovative Vending Solutions and Broader Product Offerings

San Diego, California--(Newsfile Corp. - July 8, 2024) - Hempacco Co, Inc. (NASDAQ: HPCO) ("Hempacco"), a renowned innovator in functional product manufacturing and development, is excited to announce the acquisition of certain assets from Simtech LLC, MJAC Vending LLC, and Bear Air, 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, MJAC Vending LLC, and Bear Air, LLC.

2. Assets: The acquisition includes 120 Nayxs and vending machines with over 77 active booth placements and any Disney-branded kiosks owned by Simtech.

3. Hempacco's Contribution: Hempacco's subsidiary, Hempbox Vending, Inc., will be rebranded as "Celebrity Vending" and will own at least 100 vending machine kiosks.

4. Post-Acquisition Operations: Celebrity Vending will have licenses to sell Hempacco's celebrity-branded and Disney-branded products and VDL tribe approval for casinos.

5. Employment: David Simchon will be appointed as CEO of Celebrity Vending post-closing.

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, "We believe this collaboration with Hempacco will unlock new opportunities for growth and innovation in the vending industry."

Hempaco Expands Vending Machine Business

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. D9 and Mushroom Beverages and shots R&D and manufacturing
2. Manufacturing of vapes, hemp smokables, and hemp rolling paper
3. Manufacturing of cosmetics and nutraceutical products
4. The Real Stuff™ brand of functional smokables and rolling paper
5. Functional Mushroom product development using patented solubility technology
6. Celebrity-branded gummies and smokable products from Rick Ross, Cheech & Chong, and Snoop Dogg.

Learn more at www.hempacco.com
Learn more at www.ggiigroup.com

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.

About MJAC Vending, LLC:
MJAC Vending LLC is a subsidiary of Simtech LLC, focused on expanding vending operations in key markets.

About Bear Air, LLC:
Bear Air, LLC is a subsidiary of Simtech LLC, providing aviation services tailored to clients' needs in various industries.

For investor inquiries, please contact:
Sandro Piancone, CEO
Investor Relations: This email address is being protected from spambots. You need JavaScript enabled to view it.
619-779-0715

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