GrowthStalk Holdings Corp. Acquires 40% of Hash RX, Securing a Category-Leading Solventless Platform and Proven Operating Leadership
Globenewswire·2025-12-22 13:45

Core Insights - GrowthStalk Holdings Corp. has acquired a 40% equity stake in Hash, a solventless cannabis producer in Oklahoma, which aligns with the company's strategy to build a scalable, vertically integrated cannabis platform [1][2] Group 1: Strategic Importance of the Acquisition - This acquisition marks a strategic inflection point for GrowthStalk, providing direct ownership in a premium processing platform that has shown strong performance in a competitive market [2] - Hash RX has demonstrated resilience in a challenging environment, consistently outperforming competitors despite compressed wholesale prices [3] Group 2: Operational Excellence and Leadership - Hash RX is recognized for its technical innovation and operational efficiency, making it an ideal asset for GrowthStalk [3] - The management team at Hash RX, led by founder and CEO Joseph Neihart, brings extensive experience in cultivation, extraction, and operations, which is viewed as a strategic advantage for GrowthStalk [4][5] Group 3: Future Industry Positioning - The cannabis industry is expected to consolidate, and GrowthStalk believes that long-term success will be driven by cost leadership and execution depth [6] - The integration of GrowthStalk and Hash RX is designed to enhance operational capabilities across various functions, including cultivation and supply chain management, positioning the company for future growth [6][8]

GrowthStalk Holdings Corp. Acquires 40% of Hash RX, Securing a Category-Leading Solventless Platform and Proven Operating Leadership - Reportify