Fast Moving Consumer Goods spins off 49%-owned Hempacco unit, offloads over $10 million liabilities

Reuters2026/08/24 16:00

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Fast Moving Consumer Goods spun off Hempacco, deconsolidating its financials as of June 30, 2026.
Disposed of a 49% stake in exchange for Hempacco’s majority owners assuming more than $10 million of debts and legal liabilities.
Repositioned strategy toward consulting-led services, including formulation, supply-chain management, brand development, mentoring, mastermind programs.
Shift aims to cut operating expenses, reduce debt service, improve shareholder value.
Maintains a dual model via Lucky To Be Beverage for manufacturing, distribution, related commercial operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fast Moving Consumer Goods Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608241200ACCESSWRNAPR_____1211145) on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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