GL Brands (Formerly Freedom Leaf) Wholly Owned Subsidiary Green Lotus™ Announces Third Successful Commercial Shipment t...
December 20 2019 - 8:30AM
InvestorsHub Cannabis NewsWire
GL Brands (Formerly Freedom Leaf) Wholly Owned
Subsidiary Green Lotus™ Announces Third Successful Commercial
Shipment to
Mexico
DALLAS, TX -- December 20, 2019 -- InvestorsHub
NewsWire -- GL Brands (OTCQB: FRLF), a multinational hemp consumer
packaged goods company and global house of brands,
announced today its third successful commercial shipment of
CBD and hemp products to Mexico. The shipment is part of an
exclusive partnership between GL Brands™ and CBD Life SA to supply
3,000 points of sale across the country.
“The CBD market is not just growing within the
United States but globally. As these products become more
accessible and discoverable on retail shelves, we are finding that
consumers are actively integrating CBD into their everyday lives,”
said Carlos Frias, CEO of GL Brands. “In Mexico, our partnership
with CBD Life has been critical in our ability to build trust with
our consumer base by positioning our products in a variety of
trusted pharmacological and multinational sport supplement
retailers throughout Mexico. We are looking forward to building off
this positive momentum as we enter 2020 so that we may continue to
bring value to our shareholders and maintain brand loyalty with our
customer base.”
In October, GL Brands completed its second shipment
to Mexico which included a variety of Heat, Freeze, and Salve CBD
topical products. This third shipment introduced the fourth SKU in
our CBD topical line developed to aid consumers with recovery and
completes the Company’s initial launch into 3,000 points of sale in
Mexico. In 2023, GL Brands and CBD Life expect to expand their
footprint in the country to 40,000 points of sale with continued
flow of shipments to Mexico.
GL Brands™ is the first U.S. hemp-derived products
company to be approved for commercial distribution and export to
Mexico. The GL Brands and CBD Life currently hold 21 product
permits for CBD-specific products allowed to be imported into
Mexico. Currently, making GL Brands™ the first and largest
commercial distributor and exporter of hemp and CBD products to the
Mexican market.
About GL Brands
Inc.:
GL Brands is a multinational 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 IrieCBD, GL Brands delivers a full portfolio of
hemp and hemp-derived CBD products, including tinctures, softgels,
gummies, capsules, 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 Green
Lotus™:
Green Lotus™ Hemp is a premium hemp products brand
that provides responsibly produced, natural cannabinoid-rich
products to consumers and businesses. The brand is veteran-led and
powered by a diverse team dedicated to promoting a world where the
restorative power of hemp is accessible to all people. For more
information, please visit https://greenlotushemp.com.bout
Green Lotus™
Forward-Looking
Statements: 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’ 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’ most recent periodic filings with
the Securities and Exchange
Commission.
Media
Contacts
Anthony Feldman / Nick Opich
KCSA Strategic Communications
(347) 487-6194 / (212) 896-1206
afeldman@kcsa.com / nopich@kcsa.com
Investor
Contacts
Phil Carlson / Erika Kay
KCSA Strategic Communications
Phone: (212) 896-1233
Email: pcarlson@kcsa.com / ekay@kcsa.com