Laguna signs a Canadian Exclusive Distribution Agreement with a Leading Distributor of CBD Products

Laguna Blends (CSE:LAG; OTCMKTS:LAGBF; FRA:LB6A) 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, topoicals 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.
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