PotNetwork Holdings Inc (OTCMKTS:POTN) announced that it has formed a joint venture with Epic Group 1, the distributor of Totally Hemp Crazy’s (OTCMKTS:THCZ) Rocky Mountain High Beverage Line.
As quoted in the press release:
Upon exploration of the Companies’ complementary strengths, a strategic partnership was developed which is expected to bolster both Companies, through their cross-promotion strategy.
The mutually favorable agreement enables PotNetwork Inc. to distribute Totally Hemp Crazy’s Rocky Mountain High products, bringing to the table a brand new revenue stream, as well as providing corporate awareness from a new targeted audience. These objectives are also expected to be beneficial on a shareholder level. By cooperatively marketing products and services, shareholders will gain the opportunity to capitalize on an investment at its inception, where the upside potential is typically the most lucrative.
Richard Volpe, CEO of PotNetwork, commented:
We believe this will have a very exciting impact on PotNetwork Inc. Rocky Mountain High has a top quality product line, and we are delighted to be able to expand our reach with their signature products, while simultaneously building a retail revenue stream. We are in negotiations with other Companies to add more hemp and marijuana themed products to our growing merchandizing line. While we are first and foremost a provider of breaking industry news and entertaining videos, this is just the first of what we plan will be numerous ventures with vendors of great products in the Marijuana industry. Every supplement to our revenues contributes to our progress both in the way of gaining additional exposure and financial growth.