March 1, 2017 – Escondido, CA – Laguna Blends Inc. (CSE: LAG) (OTC: LAGBF) (Frankfurt: LB6A.F) (the “Company” or “Laguna”) announces that it has signed an exclusive Canadian distribution agreement for its entire product list with a Canadian based distributor of CBD products. The distributor will have full control of the Company’s portfolio, including the recently licensed Isodiol portfolio which includes products in the beverage, edibles, oils, sprays, topicals and crystalline categories.
As previously announced on February 9, 2017, the Company entered into an exclusive distribution agreement with Isodiol, one of the world’s leading suppliers, formulators and manufacturers of pharmaceutical grade CBD products. For more information on Isodiol please visit the website, www.isodiol.com.
In the last 3 months, the distributor has generated revenue of $300,000 USD through their Canada-wide network of dispensaries and manufacturers and product formulators. As a part of this agreement, there will be an initial minimum order of $250,000 USD with subsequent monthly orders. Laguna will continue to source additional distribution channels for its cannaceutical, Pro369 and other product lines in International markets.
Ray Grimm Jr., President & CEO of Laguna Blends, said “By securing this distribution channel, it allows us to really develop a strong footprint into the Canadian Market. By leveraging our partner’s warehousing, logistics and fulfillment capabilities, we are set to address fast growing sales on a national scale. The Canadian market has a rapidly increasing demand for such hemp based CBD products and our high quality portfolio is quickly establishing itself as a market leading solution.”
About Laguna Blends Inc.
Laguna Blends is a market leader in the distribution of Hemp and CBD products. Lagunas
growth strategy includes acquiring and incubating companies who formulate and or
manufacture Hemp products. Laguna Blends markets Hemp products utilizing its B to B
Network along with driving traffic to its Club 8 online marketplace. It’s Lagunas intent to
provide the highest quality hemp product experience for the end user, utilizing a proprietary
nanotechnology in many of its consumable and topical skin care products. Laguna is currently
seeking joint ventures and acquisitions to expand its portfolio and will aggressively begin
international expansion into Asia and Europe in 2017.
ON BEHALF OF THE BOARD
“Ray Grimm Jr” CEO, President & Director
Howe & Bay Financial: 604-449-5302
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business, products and future the Company’s business, its product offerings and plans for sales and marketing. Although the Company believes that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Such forward looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company’s products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.