Under the terms of the deal, slated to close in May of 2020, Celexus will change its name to Hempwave and become the brand of operations. The existing Hempwave will continue independent operations and would vend in new businesses into Celexus over a period of time.
Founded in 2005, Celexus has in the past year consulting on the successful launch of three specialty hemp businesses, including HempWave, Agrigenics, and Sucseed, Inc.
Since the passing of the 2018 Farm Bill, HempWave has been engaged in constructing a vertically integrated model, monitoring and advising farmers on hemp operations using data collection and precision agriculture methods. HempWave offers access to seedlings and clones from its own quality-controlled greenhouses, education on planting and care, as well as contracted buy/sell opportunities at harvest.