SCOTTSDALE, AZ, June 4, 2015 /PRNewswire/ - Scottsdale, AZ based company NOHO, Inc. (OTC:
DRNK) announced today that they have signed a letter of intent with
Miracle Smoke, Inc., a Florida corporation, in which NOHO, Inc. plans
to partner up with Miracle Smoke,
Inc. to develop, manufacture and distribute cannabidiol (CBD)
beverages throughout the United States. The closing of this
proposed transaction is subject to the completion of due diligence
and the execution of definitive agreements on or before
June 30, 2015.
"We have been researching the CBD landscape over the last year
and believe it to really be a strong market for us to enter into,"
says Jay Grdina, CEO of NOHO,
Inc. "We believe together with Miracle Smoke we can develop a superior product
to what is currently in the fragmented market space. Once we
finalize the development of our first CBD pain relieving beverage
products we will be adding them into our current NOHO retail
distribution network. We have the knowledge and ability to
move products off of the retail shelves and into consumers' hands
which, together with Miracle Smoke's
marketing and internet sales structure, we believe we can dominate
this category," Mr. Grdina went on to say.
NOHO leads the way in category growth in the Premium and
Functional Lifestyle categories. NOHO's rapid expansion
within the marketplace can be attributed to the vast consumer
demand for its popular 2 oz. shot, "The Hangover Defense," as well
as its newest product offering, NOHO Gold, a healthy Premium
Lifestyle Beverage that is lighting up the nightclub, bar and
restaurant scene at an incredible rate. Entirely caffeine and
energy free, NOHO's products appeal to individuals with socially
active and physically fit lifestyles by helping to protect the body
from the adverse effects of alcohol as well as fortify the body
with essential vitamins, minerals and electrolytes depleted during
strenuous physical activity.
David Zeuner, CEO of Miracle Smoke, Inc. says, "We are extremely
excited to be working with NOHO on this groundbreaking beverage
product. Miracle's products are some of the most recognizable of
the CBD products in the country and I'm positive with our new
partnership we will finally be able to exploit the vast amount of
encouraging research on the benefits of CBD. Most encouraging
is getting CBD available on shelves all across the nation so
consumers can start to utilize the benefits. NOHO has a vast
amount of checkout space that is key to the deal. The public
will now have access to the highest quality CBD produced by two of
the most trusted and well known brands in America."
Tom Flair from CBDRA.org (A CBD
regulatory agency that is the CBD industry watchdog) said, "All the
Miracle products that we have ever tested have been the highest
quality and most potent available. This is a great time to combine
CBD products with a company like NOHO."
About NOHO – Premium and Functional Lifestyle
Beverage
NOHO "The Hangover Defense" 2 oz. shot and NOHO "Premium
Lifestyle Beverage" Gold 8.4 oz. can, are category leaders and
changing how consumers support their active and social
lifestyles. The NOHO 2 oz. shot is the #1 selling hangover
prevention shot on the market that helps you love your body by
protecting it from the adverse effects of alcohol. NOHO comes in
the form of a two shot combination, one shot to be taken prior to
your first alcoholic beverage and one after your last, and is
packed with essential nutrients and vitamins, and NO energy
components making it just as healthy as it is reliable.
For additional information on NOHO please visit
www.nohodrink.com and follow NOHO on www.instagram.com/nohodrink,
as well as, at www.twitter.com/nohodrink.
Press Contact: Bre
Mortenson
PR Mgr
480.306.7319
pr@nohodrink.com
SOURCE Noho Inc.