GL
Brands Inc., Rocky Mountain High Brands, Inc.
and CBD Life®
Cannabis Elements Partner to Manufacture, Market and Distribute CBD
Beverages in Mexico
Dallas, TX --
May
26, 2020 -- InvestorsHub
NewsWire -- GL Brands, Inc. (OTCQB:
GRLB) ("GL Brands") (www.glbrands.com) a global house of brands with
focus on CBD and hemp consumer packaged
goods based in Dallas,
TX, is pleased to announce
that it
has spearheaded the launch
of a
partnership between Rocky Mountain High Brands,
Inc. (OTCQB:
RMHB) and CBD Life ® beverages, concurrently winning a supply
deal on GL Brands' water soluble CBD as the flagship
ingredient of the beverages to be
distributed. GL Brands' top shelf
water-soluble CBD utilizes
nanotechnology to break down the CBD molecules to micro-sized
particles that can be emulsified naturally and remain stable in
water or, in this case, beverages.
Since
2016,
CBD Life has been a pioneer in production, brand
building, marketing
and
distribution
of
cannabis-derived
products focused on
personal care and well-being in
Mexico. Today, they
are the first Mexican company to market CBD
products, and its
brands and unmatched product portfolio have quickly become
top-of-mind among the Hispanic community. CBD Life is
the only company in the country with a license to sell CBD-infused
beverages.
The demand for
CBD based beverages is increasing rapidly worldwide,
and as Mexico
opens up the Cannabis industry gradually, various
leading manufacturers in more mature
Cannabis markets like GL Brands
and Rocky Mountain High Brands in the
US have
partnered
with local
players in Mexico
like CBD Life
to attend to the growing demand.
The Mexico hemp CBD
market size is
projected to reach USD 275.8 million by 2025, expanding at a
revenue-based CAGR of 34.3%, according to a new report by Grand
View Research, Inc.
"We are happy to
have pre-empted a once in a lifetime opportunity to create, expand
and position our brands globally in such a fast-growing industry.
Our partnership with GL Brands and RMHB has allowed us to gain
speed to market, creating superior quality
CBD-infused products that our clients
are loving," said Alejandro Montaño, International Business
Development Director & Co-founder of CBD Life.
RMHB CBD Beverage
Line
Sales Points
Mexico – Puntos de venta
Mexico
GL
Brands has
also received 17
million shares of
RMHB in
addition to RMHB's agreement to utilize
GRLB's
top-shelf water soluble CBD as the flagship ingredient in the
drinks that RMHB is manufacturing for CBD Life. The shares
were delivered under an
agreement
between Rocky Mountain High Brands and Texas Wellness Centers, LLC,
a wholly owned subsidiary of GL Brands relating to
the initial tranche of beverage production.
GL
Brands' CEO Carlos
Frias stated,
"GL Brands and
Rocky Mountain High have been
working together to manufacture
an
impactful product line for
CBD
Life's
brands, which were
recently launched and are
currently
being sold through
their online and
retail channels in Mexico."
CBD Life officially
launched Rocket
High, California
Limonada (California
Lemonade),
and California
Sabor Te
Negro (California
Black Tea) in Mexico on April 20, 2020 (4/20).
GL Brands and Rocky Mountain High Production
Line (Video)
https://youtu.be/x_0lNDP19Sc
"We are thrilled with the
opportunity to bring water-soluble CBD to Mexico with
Rocky Mountain High Brands through CBD Life," stated Mr. Frias. "This has generated an immediate
revenue stream we anticipate will grow exponentially over the next
year.
"We are the first U.S.
company
to
manufacture
and export
commercial CBD to Mexico, and the relationship
with Rocky
Mountain High and CBD Life should expand the overall opportunities and
potential for our companies, with
increases in shareholder value and
long-term growth."
Rocket High, California Limonada (California
Lemonade), and
California Sabor Te Negro
(California
Black Tea
California Limonada (California
Lemonade) Fresa – Pepino
California Limonada (California
Lemonade) with
CBD (Infusiando con
CBD
TE NEGRO infusinado con
CBD
Te – California
"Finally, we'd
like to provide our shareholders an update regarding the timing of
our SEC filings. While the filing of our transition report
for the period ending December 31, 2019, and our quarterly report
for the quarter ending March 31, 2020, were delayed due to the
pandemic, we are diligently working on them and making better
progress now that staffing issues are being resolved as a result
of the lessening pandemic lockdown measures. We
received letters from our auditor regarding their staffing
issues as
a result of the pandemic, and the additional time they needed to
complete their review and audit procedures relating to our
filings. We have filed 8-K's regarding
the pandemic delays with the
SEC, and the extension of time
needed to file our reports, and we anticipate filing the reports in
the middle of June."
#VETERANS receive 25% off Green Lotus
orders! Visit: https://greenlotushemp.com/veterans-program/
About GL Brands
Inc.:
GL
Brands is a global hemp consumer packaged goods company that
creates authentic, enduring and culturally relevant brands engaged
in the development and sale of cannabis-derived wellness products.
Through its premier brands Green Lotus™ and Irie
CBD, GL Brands
delivers a full portfolio of hemp-derived CBD products, including
tinctures, soft gels, gummies, sparkling beverages, vapes, flower
and topical segments to promote greater wellness and balance, in
the U.S. and throughout the world. For more information, please
visit https://www.glbrands.com.
About Rocky
Mountain High Brands:
Rocky Mountain
High Brands,
Inc. (OTCQB: RMHB) Rocky
Mountain High
Brands (RMHB),
a family of brands positioned to disrupt the hemp oil and hemp
extract categories, is a consumer goods company that specializes in
developing, manufacturing, marketing, and distributing
high-quality, health conscious hemp-infused products that span
various categories including beverage, food, fitness, skin care and
more. Our mission is to assist others in their journey to live
productive, fulfilling and healthy lives.
The Company currently markets
its HEMPd product
line, which currently consists of hemp oil infused topicals and
nutraceuticals, and a line of hemp extract infused
beverages. RMHB also
bottles and distributes a naturally
high alkaline
spring water under the name Eagle Spirit
Spring Water.
RMHB recently acquired a
commercial canning and bottling operation in Plano, Texas through
its new wholly owned subsidiary, Rocky Mountain
Productions, Inc. One of the high speed
production lines has been converted to hand sanitizer filling line
due to the recent demand for hand sanitizer. Thus, in addition to
providing the canning of beverages, this acquisition gives
RMHB the opportunity to enter the
highly lucrative hand sanitizer business at a time when it is in
great demand.
For corporate information,
please visit www.rockymountainhighbrands.com.
For product information,
please visit: www.hempd.com and www.eaglespiritwater.com
About CBD
Life:
CBD LIFE is the
culmination of years of research and development with the sole
objective of offering relief and well-being through Cannabidiol.
Our mission is to improve the quality of life of our customers. All
of our products have been carefully formulated,
manufactured, imported and analyzed to
meet the highest standards of quality and effectiveness.
Our range of products focuses on alleviating conditions such as:
stress, inflamation,
anxiety, sleep & pain. https://www.cbdlife.com.mx/
Safe Harbor
Statement
This press
release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, that are
intended to be covered by the "safe harbor" created by those
sections. Statements in this press release that are not strictly
historical are "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements generally can be identified by phrases
such as "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe GL
Brands'
(the
"Company's") business
strategy, outlook, objectives, plans, intentions or goals also are
forward-looking statements. All such forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those in forward-looking
statements. Factors that could cause or contribute to differences
include the uncertainty regarding viability and market acceptance
of GL Brands'
products and services, changes in relationships with third parties,
and other factors described in GL Brands'
periodic filings with the Securities and Exchange Commission. These
risks and uncertainties include, without limitation, changes in
general industry or regional market conditions; changes in consumer
and customer preferences for our products; loss of business from
increased competition; changes in strategic relationships;
unfavorable fluctuations in currencies or interest rates in the
regions in which we operate; changes in regulatory conditions;
changes in tax laws,
import and
export duty and tariff rates in or with the countries with which we
conduct business; the effects of
the COVID-19 pandemic; and
the
negative
impact of any governmental investigations and associated
litigation.
The occurrence
of any of these risks and uncertainties could have a material
adverse effect on the Company's business, financial condition and
results of operations. The Company is not obligated to revise or
update any forward-looking statements to reflect events or
circumstances that may arise after the date of this
release.
Investor
Contacts:
Matt Bartlett COO GL Brands
Investor Relations: ir@glbrands.com, Phone: (707)-535-6846
Press Release provided by OTC
PR Wire
Spanish
Version:
GL Brands Inc.,
Rocky Mountain High Brands, Inc. y CBD
Life® (Cannabis Elements) se asocian para
fabricar, comercializar y distribuir bebidas de CBD en
México
Rocky Mountain High Brands (PK) (USOTC:RMHB)
Historical Stock Chart
From Nov 2024 to Dec 2024
Rocky Mountain High Brands (PK) (USOTC:RMHB)
Historical Stock Chart
From Dec 2023 to Dec 2024
