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MIAMI, Oct. 05, 2020 (GLOBE NEWSWIRE) — Bhang Inc. (“Bhang” or the “Company“) (CSE: BHNG) (OTCQB: BHNGF), a global cannabis CPG brand company with an award-winning portfolio of products, provided today a corporate update that includes the divestment of the Company’s indirect interest in Red Ace, LLC (“Red Ace”) and the grant of equity incentive awards to certain directors, officers and consultants.