PSIQ ANNOUNCES RESELLER AGREEMENT WITH CANNARA BIOTECH SUBSIDIARY SHOPCBD.COM TO MARKET AND SELL ELITES CBD PRODUCT LINE WITH...
April 30 2019 - 10:04AM
Profile Solutions, Inc. (OTC Pink: PSIQ) announced today that its
wholly owned subsidiary, Elite Products International, Inc.
(“Elite”), has entered into a Reseller Agreement with Shopcbd.com,
a subsidiary of Cannara Biotech, Inc. (CSE: "LOVE") (FRA: "8CB") to
market and sell Elite’s line of products within the United States.
Cannara Biotech Inc. ("Cannara"), an emerging
vertically integrated cannabis company focused on cultivation and
cannabis-infused products, recently announced its subsidiary Global
ShopCBD.com Inc. ("Global shopCBD.com") closed private rounds of
financing for aggregate proceeds of $8,865,849.15 to create,
build and promote sales for the listings on its website
www.shopcbd.com. Global shopCBD.com's strategy is to offer a wide
variety of products from leading CBD brands such as Elite
www.elitehempproducts.com with competitive pricing and delivery
times across the U.S. The rise in popularity for CBD products is
driven by consumers seeking natural-wellness solutions to treat
various ailments from inflammation, anxiety to insomnia amongst
many others. As a result, the hemp-derived CBD market has been
estimated to reach U.S. $22 billion by 2022, according to
cannabis industry analysts at the Brightfield Group.
“Our careful due diligence and research in
selecting each vendor is a large part of the true value we provide
our customers at Global shopCBD.com. That’s why we are excited to
partner with Elite to provide U.S. consumers premium hemp-CBD
products that meet strict quality control requirements that are in
line with Global shopCBD values,” said Zohar Krivorot, President
and CEO of Global shopCBD and Cannara.
Shimon Fhima, CEO of PSIQ subsidiary
Elite stated, “We are extremely pleased and honored that
ShopCBD.com has elected to list and promote Elite’s line of premier
CBD products. We firmly believe the partnership will generate
substantial revenues for both companies as well as provide a true
benefit to ShopCBD.com consumers as the source for quality CBD
products competitively priced.”
ABOUT CANNARA BIOTECH, INC. (CSE:
“LOVE”) (FRA: 8CB”)
Cannara Biotech is building one of the largest
indoor cannabis cultivation facilities (625,000 square feet)
in Canada and the largest in Quebec.
Leveraging Quebec's low electricity costs, Cannara
Biotech's facility will produce high-grade indoor cannabis and
cannabis-infused products for the Canadian and international
markets. ShopCBD.com, a subsidiary of Cannara Biotech, is a U.S.
online retailer of hemp-based CBD products focused on delivering a
wide variety of high-quality tested products. ShopCBD.com is set
out to offer U.S. consumers with a trusted, convenient and fast way
to shop for CBD products through its online e-commerce platform.
For more information concerning Cannara Biotech, please visit
the company’s website at www.cannara.ca.
ABOUT PROFILE SOLUTIONS, INC.
(“PSIQ”)
Profile Solutions, Inc., has two operating
subsidiaries. Elite Products International, Inc., is a leading
distributor and manufacturer in the cannabinoid (CBD) industry. The
Company’s products contain cutting-edge CBD industrial hemp
extracts in the form of edibles, topicals and cosmetics. Financial
information can be found
at https://www.otcmarkets.com/stock/PSIQ/profile. CannBerry
Tek, Inc. is a Hi-tech innovative Biotechnology Company which
manages various Research & Development (“R&D”) activities
with the major focus on the Medical Cannabis industry. Please visit
the company website at www.profilesolutionsinc.com and
www.elitehempproducts.com and Facebook
at www.facebook.com/eliteproductsintl/,
https://www.facebook.com/EliteProductsINTL/, Instagram
www.instagram.com/elite_hemp/, Linkedin
at www.linkedin.com/in/elite-hemp-products-3a863914a/ ,
Twitter at https://twitter.com/incprofile
Blog: https://www.elitehempproducts.com/blog.
Safe Harbor Statement
This press release contains forward-looking
statements that can be identified by terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Many
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different from any future results or implied by such
statements. These factors include, but are not limited to, our
ability to continue to enhance our products and systems to address
industry changes, our ability to expand our customer base and
retain existing customers, our ability to effectively compete in
our market segment, the lack of public information on our company,
our ability to raise sufficient capital to fund our business,
operations, our ability to continue as a going concern, and a
limited public market for our common stock, among other risks. Many
factors are difficult to predict accurately and are generally
beyond the company's control. Forward-looking statements speak only
as to the date they are made, and we do not undertake to update
forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made.
For information, please
contact: Dan Oran, President Profile Solutions, Inc. 8411
West Oakland Park Blvd. Suite 201 Sunrise, FL 33351
Dan@profilesolutionsinc.com (844) 856-8838
Alex Wolfe, Vice President of Business
Development ShopCBD.comAlex.wolfe@ShopCBD.com (514)
222-4237
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