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Illumination Brands, formerly known as CBD Global Sciences Inc, and Hempacco have announced a potential business combination to create a vertically integrated beverage & snack brand incubator in the USA. The combined company aims to generate $35 million in annual revenues by leveraging manufacturing capabilities and celebrity partnerships. Illumination Brands' distribution network and Hempacco's assets are expected to enhance product launches, expand Snoop Dogg's product line, target young adults with functional beverages, shots, gummies, and nutritional supplements, and drive industry innovation. Post-merger, the company plans to grow its brand portfolio, expand distribution, acquire other beverage distributors, and nurture emerging brands. However, the terms of the potential business combination are not finalized, and a definitive agreement is pending.
