Greengro Technologies Inc (OTCMKTS:GRNH) reported that it has established a new business segment to function as the firm’s CBD retail branch. It would be another revenue producing division formed to bring innovative CBD based products to the industry.
The highlights
CBDVentures has completed product development and intends to soon launch its first line of innovative CBD products in the retail market. The new product line comprises of a distinctly produced hemp-infused German beer, oral thin-strips and CBD energy nectar drinks. Its selection of German Beer was advanced by German strategic associate CannaBrands AG, a private equity firm listed on the popular Berlin Stock Exchange.
This new product was introduced ata Cannabis trade fair, where it received immense admiration for its exceptional taste and design. Surpassing expectation, completestockwas sold out within 2 days. Greengro’s developed CBD Energy Nectar product line, improved with guarana, ginseng, and hemp, provides the common customer just the blast of energy and fruit flavor combination they are yearning.
Also being launched to market as per the terms of licensing deal, is a selection of oral thin-strips. This product line is being targeted to segment that is not fine with the stigma of smoke-associated CBD delivery mechanisms. Greengro intends to launch its new line of CBD goods by the last quarter of 2016.
The experts view
James Haas, the CEO of Greengro Technologies, said that it is an important achievement for company. The venture into the retail division is a remarkable addition to what they have developed so far. As they continue to advance revenue streams, the objective is to strengthen position by spreading footprint across the industry.
They intend to deliver choice offerings to a wide range of segments in the marketplace. The growth opportunity in this continually changing industry is virtually limitless. Haas added that the rebranding process is another initiative in company’s determination to achieve a robust presence in this growing industry, supported with diverse revenue producing divisions, destined to integrate for best possiblegains.
Life Clips Inc (OTCMKTS:LCLP) Sets Eyes On International Growth
Life Clips Inc (OTCMKTS:LCLP) has set its eye on the travel and leisure market as it continues to look for new opportunities for growth away from the business of making action cameras. The signing of a distribution agreement with Finish distributor, DFJ Collections OY, paves the way for the company to expand its wings into the $40 billion a year industry.
The company is planning to flex its muscle in the multi-billion industry with its Mobeego product that continues to elicit strong demand, especially in the cruise industry. The distribution agreement with the Finish distributor should go a long way in bolstering Life Clips prospects on the international scene as it continues to explore ways of ramping up sales for the disposable recyclable battery.
Life Clips Inc (OTCMKTS:LCLP) is also pursuing new opportunities in China having signed a distribution agreement with Checkout Distributors to make the product available across the country.
