LH Botanicals, Wholesale Arm of Love Hemp, Adds New Technology and Manufacturing Capabilities to Meet Growing Demand for New Products

VANCOUVER, BC / ACCESSWIRE / May 21, 2020 / Codebase Ventures Inc. ('Codebase' or the 'Company') (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) an investment company, is providing an update on its investment in World High Life Plc (LIFE) (WRHLF).

World High Life's wholly owned subsidiary, Love Hemp Ltd (Love Hemp), has increased capacity for its LH Botanicals wholesale business with new machinery and technology to meet growing demand and maintain the highest operating standards.

LH Botanicals provides a complete range of CBD products for wholesale, bulk and white label, all certified THC-free in customisable bottle sizes, concentrations and flavours. Established by the founders of Love Hemp, Tony Calamita and Thomas Rowland, the London-headquartered company has invested in advanced in-house technology that can test for the widest range of cannabinoids as standard.

LH Botanicals Product Offering Highlights

• LH Botanicals bulk CBD products are available as CBD rich oils, isolate crystals, water soluble powders, body salves, liquid terpenes, flavoured isolate e-liquids, broad spectrum unflavoured e-liquids, vegan jelly domes, gummy bears and soft gel capsules
• LH Botanicals has expanded their product offering with the addition of a bath bomb machine capable of producing 5,000 bath bombs per day
• LH Botanicals has also responded to an increase in customer demand for capsules with the acquisition of an additional capsule machine capable of producing 100,000 capsules per day

Consumer demand for CBD is increasing, as people turn to more natural health and wellness solutions and remedies. This is reflected in wholesale demand for new products, as a result LH Botanicals continues to prioritize its client's requests for innovation. The complete line-up of products provided by LH Botanicals are held to the highest industry standards, which ensures the reliability and quality necessary to grow consumer loyalty for LH's wholesale clients.

About Codebase Ventures Inc.

Codebase Ventures Inc. is an investment company, led by technology and business experts who invest early in great ideas in sectors that have significant upside, including the cannabis sector. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow's standards with platforms, protocols and innovations - not just products. We invest early, support those founders, take their ideas to market, and work tirelessly to help them realize their vision.

For further information, please contact:

George Tsafalas - Ivy Lu
Investor Relations
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
E-mail: [email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'predicts', 'intends', 'targets', 'aims', 'anticipates' or 'believes' or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Codebase Ventures Inc.