Laguna Blends Inc. (CSE:LAG; OTCMKTS:LAGBF; FRA:LB6A) (the “Company” or “Laguna”) a global cannabis innovator specializing in the development of pharmaceutical and consumer products, today released its unaudited consolidated sales figures for the month of May 2017. The Company recorded sales of $1,615,694 CAD for the 30-day period ended May 31, 2017. The sales were generated …
Laguna Blends Inc. (CSE:LAG; OTCMKTS:LAGBF; FRA:LB6A) (the “Company” or “Laguna”) a global cannabis innovator specializing in the development of pharmaceutical and consumer products, today released its unaudited consolidated sales figures for the month of May 2017. The Company recorded sales of $1,615,694 CAD for the 30-day period ended May 31, 2017. The sales were generated primarily from its wholly owned subsidiaries, including Isodiol International, acquired in the middle of the month. With the inclusion of Isodiol’s internationally recognized market brand names, as well as recently developed direct sales channel, the Company is well poised to expand its market share.
“We believe we are at the beginning of some significant global operational highlights that will give us a solid foundation for customer engagement and retention, while accelerating Laguna’s pace of innovation and competitive differentiation, for a foundation of strong profitability and revenue growth in 2017,” said Laguna Blends’ CEO, Marcos Agramont. “I am extremely optimistic about our Company’s worldwide growth opportunities and long-term vision as a leader in the distribution of healthy cannabis based products.”
Laguna will be attending the Cannabis World Congress and Business Expo in New York City June 14 – 16, 2017 and looks forward to substantive dialogue with distributors and institutional investors as it continues to develop its various sales channels and brand awareness. Additional information on this will be provided in the coming week.
The Company also announces the appointment of Aman Parmar to its Board of Directors. His corporate experience includes 12 years working with both public and private companies in the Health Care, Resource, Manufacturing and Real Estate sectors. Aman has extensive experience in the capital markets and has been involved in corporate restructurings and financings for both public and private companies. He obtained a Chartered Accountant designation in 2012 and holds a Bachelor of Technology in Accounting from the British Columbia Institute of Technology.
Mr. Parmar stated, “As we move forward and develop as an organization, I’m very excited to be a part of this immense opportunity. Laguna is positioned in becoming a global leader in the Cannabis industry in the very near future.”
Laguna will be providing additional operational updates in the coming week.
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