GL
Brands (Formerly Freedom
Leaf) (OTCQB:
FRLF) Announces Distribution Agreement
with Imperial Distributors
Partnership adds
over four thousand potential points
of sale to Company's national
footprint
Dallas, TX -- February 12, 2020 --
InvestorsHub NewsWire -- GL Brands (OTCQB:
FRLF) ("the Company"), a global hemp consumer packaged goods
company and house of brands, announced it
has entered into a new U.S. distribution
relationship
with Imperial
Distributors, a leader in distribution and
merchandising of supermarket non-food goods. Imperial Distributors
will distribute the Green Lotus™
brand
to key U.S.
markets to
broaden the reach of its topicals, tinctures and soft gel product
lines.
Green Lotus™
combines
farm-to-bottle purity with cGMP-processed formulas to deliver hemp
products of unparalleled quality and safety. The
brands
growth has
been catapulted in part by
its focus on
building brand equity, its proprietary
formulas,
and agile vertically integrated supply chain.
Imperial
Distributors serves over 4,200 mid to large-scale supermarkets,
including independent and family owned retail
locations, as well as major brands like
Whole Foods, Stop & Shop and Price Chopper across
the Northeast,
Mid-West, Mid-Atlantic and Southern regions of the United
States. Imperial's distribution
will add
over
four thousand
potential new points of sale for Green Lotus™.
"We reached
record revenue growth last fiscal quarter
as
a result of the full integration of our Green Lotus brand
portfolio, and we are excited to carry our
momentum forward into 2020 as we rapidly expand the global
footprint of our
hemp and CBD products," said Carlos Frias, Founder and CEO of GL
Brands. "Imperial's robust distribution network is adding thousands of
new points of sale
for our products and will
ultimately connect
us to additional discerning
consumers
looking for hemp products."
"We
are pleased to help bring long-term value to our
brand partners by connecting them with key
retailers to
increase their industry market share. We look forward to
working with
GL Brand's
as their flagship
Green Lotus brand of high-quality hemp products continues to
generate high demand from major U.S. retailers," said Naomi Sleeper, Vice President
of Continuous Improvement
and Strategic
Initiatives at Imperial Distributors.
PR
Video:
https://youtu.be/YbhFxXUnFS4
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 Brand’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 Brand’s products and services, changes in
relationships with third parties, and other factors described in GL
Brand’s most recent 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; and negative
impact of any governmental investigations and associated
litigations.
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.
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 IrieCBD, GL Brands delivers a full
portfolio of hemp and hemp-derived CBD products, including
tinctures, softgels, gummies, capsules, sparkling beverages, vapes,
flower pre
rolls, 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™ 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.
About Imperial Distributors:
Imperial
Distributors is a total non-foods
solution for the merchandising and distribution of supermarket
non-foods since 1939.
https://www.imperialdist.com/
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