Canbiola, Inc. has Purchased Pure Health Products LLC and is Launching Pure Leaf Oil as its Consumer Brand
09 January 2019 - 2:35AM
InvestorsHub NewsWire
Hicksville, NY -- January 08, 2019 -- InvestorsHub NewsWire --
Canbiola, Inc. (OTCQB: CANB) has purchased Pure
Health Products LLC and is launching Pure Leaf Oil as its consumer
brand.
Due to strong product demand, Canbiola is on the path toward
significant revenue growth in additional segments of the CBD
industry. While the Canbiola brand is synonymous with Medical
Offices and our Doctor affiliate program, the company has
launched Pure Leaf
Oil targeting retail markets including c-stores, bodegas,
and yes, even donut stores and bakeries through its network of
distributors. Pure Leaf Oil is also expected to be sold through
various leading online e-commerce platforms at very aggressive
prices.
Canbiola,
Inc. has recently completed the acquisition of Pure Health
Products LLC including the laboratory and production facility
located outside Seattle Washington. The facility is a full-on
development laboratory and a fully integrated production facility
whereby all formulations, processes, and materials are vertically
integrated in the production process. There are no
third-party vendors and the company controls the process at each
step of processing to insure 100% quality control and product
purity. Additionally, all the automated processing and
packaging equipment are wholly owned, and the company has no
debt.
According to Marco Alfonsi, CEO of Canbiola,
Inc., “We believe the timing is right for the roll-out of the
new Pure Leaf Oil CBD brands and have already aligned with some
substantial distributors representing thousands of retail stores to
commence distribution.” Mr. Alfonsi continued, “The new
Pure Leaf Oil products will mirror the Canbiola product line
offering in product strength and efficacy and provide better access
to patients seeking over-the-counter pain relief and wellness
products containing CBD with none of the marijuana THC psychoactive
side effects.” Lastly, Mr. Alfonsi added, “To have a
seasoned professional as Mr. Pasquale (Pat) Ferro head up the Pure
Health Products subsidiary as President speaks to the quality of
the entire Canbiola staff and professional team. Pat is a
friend, a strong manager with a proven track record, and is heading
up the future product development efforts for the company.”
Mr. Pasquale (Pat) Ferro, newly named President of Pure Health
Products, says, “It is a once in a lifetime opportunity to be
aligned with a visionary company such as Canbiola, and we at Pure
Health Products believe the synergies between our companies will
paint a long-term productive and profitable path for the future for
all of our shareholders.” Pat concludes with, “We are committed to
produce the highest quality products, with the greatest
contribution to better health and wellness for our customers and
know that we have the personnel, processes, and technology in place
for a long-term CBD program of new and exciting products.”
About Canbiola, Inc.
About Canbiola,
Inc.:
Canbiola, Inc. is a public company trading under symbol CANB.
Canbiola, Inc. is a US Company embarking in the sale of a
variety of Cannabidiol (CBD) based products. Canbiola has developed
its own line of proprietary products as well as seeking synergistic
value through acquisitions in the CBD and the medical cannabis
industry. Cannabis is currently federally illegal and has legalized
for medical purposes in some form in a limited number of states,
but pure CBD products are legal in all 50 states. The company has
already launched several products found at www.canbiola.com.
Forward-looking statements and risks and uncertainties discussed
in this letter contain forward-looking statements. The words
"anticipate," "believe," "estimate," "may," "intend," "expect," and
similar expressions identify such forward-looking statements.
Expected, actual results, performance, or achievements could differ
materially from those contemplated, expressed, or implied by the
forward-looking statements contained herein. Forward-looking
statements are subject to a number of risks and uncertainties,
including but not limited to, risks and uncertainties associated
with, among other things, the impact of economic, competitive, and
other factors affecting our operations, markets, products, and
performance. The matters discussed herein should not be construed
in any way, shape or manner of our future financial condition or
stock price.
CONTACT INFORMATION
Canbiola Investor Relation
Email: IR@canbiola.com
Phone: (516) 595-9544
Website: http://www.canbiola.com
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