NSAV plans to develop and market a premium line of hemp beer in both the U.S. and China. Two of the world’s largest beer consumers. Analysts forecast the global hemp-based foods market to grow at a CAGR of 20.3% during the period 2016-2020.
Following the spin-off, Hemp Beer Inc. will become a separate publicly traded company. NSAV will spin-off 20% of Hemp Beer Inc. to its shareholders, who will be awarded with a share dividend based upon their holdings of NSAV on the record date.
We chose hemp beer to be the Company’s first spin-off due to the rapidly growing nature of the industry. NSAV will announce additional details on the spin-off and the hemp beer development shortly.
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