Laguna Blends Announces Letter Of Intent with Carlsbad Naturals CBD Bottled Water Company

KELOWNA, BC – October 11, 2016 – Laguna Blends (CSE:LAG; OTCMKTS:LAGBF; FRA:LB6A), is pleased to announce that it has signed a letter of intent (the “LOI”) with Carlsbad Naturals (“Carlsbad”) whereby Laguna and Carlsbad plan to enter into an equity acquisition and exclusive licence agreement (“Equity and License Agreement”) for the purpose of pursuing mutually beneficial business opportunities in the Cannabidiol (CBD) bottled water Industry and CBD ingestible products Industry (the “Proposed Transaction”).
Carlsbad is a market leader in the distribution and sales of nano-amplified CBD bottled water in the USA. The Company has a proprietary process of incorporating CBD into its formulation. Carlsbad Naturals has achieved unaudited U.S. sales in excess of $500,000 in its first year of business as of August 31, 2016.
The hemp cannabinoid innovator, Isodiol, sources nano-amplified hemp CBD to manufacturers to create unique finished products. Isodiol is a shareholder in Carlsbad.
“We are proud to announce the alignment of Laguna Blends and Carlsbad Naturals,” states Jared Berry, co-Founder of Carlsbad Naturals. “Laguna Blends’ extensive client base and distribution network will fulfill the growing demand for hemp CBD products worldwide.”
Mr. Stuart Gray, Laguna’s CEO said “With the growing awareness and market demand of CBD worldwide Laguna is positioning itself to be a market leader in the sale of CBD bottled water. In addition to the current sales growth of Carlsbad, Laguna can generate CBD water sales through its existing affiliates in the USA and Canada. Laguna currently is in discussions internationally with wholesale distributors regarding Carlsbad white label opportunities.”
Mr. Ray Grimm, Laguna’s President stated, “The partnership with Carlsbad, firmly solidifies Laguna as a unique player in the crowded multibillion dollar bottled water industry. The team of Doctors that formulated the Carlsbad water did so with the sole purpose of creating a high alkaline water offering the benefits of CBD. Many believe this to be the next evolution in the water industry, providing unique health benefits due to the proprietary nanotechnology. Carlsbad CBD water provides antioxidants at the cellular level along with providing cellular hydration and energy.”
Connect with Laguna Blends (CSE:LAG; OTCMKTS:LAGBF; FRA:LB6A) to receive an Investor Presentation.