UPDATE -- Hip Cuisine signs retailer agreement with Charlotte’s Web by Stanley Brothers

LOS ANGELES, Feb. 21, 2018 -- Hip Cuisine Inc., (HIPC) a growing global health food purveyor for the conscious consumer, will now add whole plant Hemp extracts to its shelves as part of the company’s Health, Wellness and Detox plans through a retailer agreement with a preferred distributor of Charlotte’s Web, “the World’s most trusted Hemp Extract.” 

“We have been researching the nutraceutical benefits of Hemp extracts for quite some time and are pleased to be able to offer these CBD products to our customers from one of the best companies in the industry. Because the cannabidiol (CBD) is a “non-psychoactive” product we are able to sell the products to our customers nationwide and will not be affected by any changes in the laws or legislation,” stated Natalia Lopera, CEO of Hip Cuisine.

About Hip Cuisine
Hip Cuisine is an international nutritional value concepts company and global fresh-served food purveyor for the health-conscious consumer. Based in Miami, Florida, its holdings include fusion restaurants in the Western Hemisphere known for fresh, on-demand nutritious menus and cold-pressed juices and smoothies. Hip Cuisine opened its first location in Panama City, Panama, in 2015 designed to deliver a nutritious menu with super-food ingredients at affordable prices tailored for the on-the-go customer.

About Charlotte’s Web

Charlotte's Web is a high-cannabidiol (CBD), low-tetrahydrocannabinol (THC) Cannabis extract marketed as a dietary supplement under federal law of the United States. It is produced by the Stanley brothers in Colorado. It does not induce the psychoactive "high" typically associated with recreational marijuana strains that are high in THC. In September 2014, the Stanleys announced that they would ensure that the product consistently contained less than 0.3% THC.

Charlotte's Web is named after Charlotte Figi, born October 18, 2006 (age 11), whose story has led to her being described as "the girl who is changing medical marijuana laws across America." Her parents and physicians say she experienced a reduction of her epileptic seizures brought on by Dravet syndrome after her first dose of medical marijuana at five years of age. Her usage of Charlotte's Web was first featured in the 2013 CNN documentary "Weed". Media coverage increased demand for Charlotte's Web and similar products high in CBD, which has been used to treat epilepsy in toddlers and children. It was originally called "Hippie's Disappointment" as it was a strain that had high CBD instead of THC.

Forward Looking Statements
This document contains forward looking statements related to the transaction and business combination between Hip Cuisine and Charlotte's Web, including statements regarding the benefits of the transaction as well as statements regarding the companies’ products and markets. Forward looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including the following: expected synergies and other financial benefits of the transaction may not be realized; integration of the acquisition post-closing may not occur as anticipated; litigation related to the transaction or limitations or restrictions imposed by regulatory authorities may delay or negatively impact the transaction; unanticipated restructuring costs may be incurred or undisclosed liabilities assumed; attempts to retain key personnel and customers may not succeed; the business combination or the combined company’s products may not be supported by third parties; actions by competitors may negatively impact results; and, there may be negative changes in general economic conditions in the regions or the industries in which Hip Cuisine and Charlotte's Web operate. Legal filings may identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this document. Readers are cautioned not to put undue reliance on forward-looking statements, and Hip Cuisine and Charlotte's Web assume no obligation and do not intend to update these forward-looking statements, whether as a result of new information, future events or otherwise.

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