Hemp CR Inc partners with Newport Pharmaceuticals of Costa Rica S.A. for Distribution of CBD products in Latin America

2021-01-12 10:46:02 - United States, Nevada, Las Vegas - (PR Distribution™)

The Latin American Hemp and CBD markets are opening to CBD oils, lotions and beauty products. As middle-class income continues to grow in these Latin countries, the CBD market growth might be very dynamic.

January 13th, 2021-Las Vegas, Nevada--Hemp CR Inc CEO Timothy Morales is pleased to announce that the Company has partnered with Newport Pharmaceuticals of Costa Rica S.A., located in San Jose, Costa Rica for development and distribution of CBD oils, lotions and beauty products in the Latin America countries where  the commercialization has been legalized.  Newport Pharmaceuticals of Costa Rica S.A. has been in business in Costa Rica since 1970  and currently has more than 40  pharmaceuticals products in 15 countries worldwide. 

“We have been talking with Newport since July 2016 when Luis Ordenana Castro, Director of New Business Development at Newport, attended our First Latin American Medical Cannabis Conference held in San Jose, Costa Rica.  Now that so many Latin countries have recently passed, or are moving toward passing Hemp and CBD legislation, we felt it was time to announce our partnership. We believe that the worldwide growth of the Hemp and CBD markets is in early stages, and we look forward to working together with Newport Pharmaceuticals in the Latin markets”, said Morales. 

“Newport Pharmaceuticals is pleased to be working with Hemp CR Inc on providing CBD product distribution throughout our Latin American network of suppliers where legislation has been passed. We have followed with great interests the growth of the Hemp and CBD markets within the Latin markets where it is legal to distribute and sell CBD products. The CBD market might experience in coming years a dynamic growth phase”, said Luis Ordenana Castro of Newport Pharmaceuticals. 

Luis Ordenana Castro will be joining the Hemp CR Inc Board of Directors, January 15th, 2021.

Hemp CR Inc has recently filed a Reg CF offering. Prior to this offering there has been no active public market for the investments. Nor the Security Exchange Commission or any other state security commission passed upon the accuracy or adequacy of this investment . 

The company is accepting investments from non-accredited and accredited investors.  We ask you to download, read and fully understand the risks in the Offering Statement at the Crowd Source Funded website below:

Crowd Source Funded is Registered with the Securities and Exchange Commission and a member of a national securities association (FINRA).


For more information on Hemp CR Inc
Contact: Timothy Morales email [email protected] website: www.hempcr.com 

For more information on Newport Pharmaceuticals of Costa Rica S.A. please contact: 

Luis Ordenana Castro email [email protected]  website: www.corporacionnewport.com

Media Contacts:

Full Name
Timothy Morales
Hemp CR Inc
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