For The Earth Corporation Update: New Extraction Facility, New Distribution Facility, Expanded Retail Footprint, New Website
March 12 2019 - 8:25AM
InvestorsHub NewsWire
For The Earth
Corporation Update: New Extraction Facility, New Distribution
Facility, Expanded Retail Footprint, New Website
PHOENIX, AZ -- March 12,
2019 -- InvestorsHub NewsWire -- For The Earth Corporation (the
“Company” or “FTEG”)
(OTCMKTS:
FTEG) issues the following Letter to Shareholders from the
CEO:
Dear Valued
Shareholder,
As our recent communications
have outlined, we are transitioning into a vertically integrated
CBD producer and retailer. We are extremely grateful to our
committed shareholders for joining us on this exciting journey.
Today, I wanted to bring you up to date on what we have
accomplished and what our next steps will be.
First off, our new website is
up and live. You can find it at ftegco.com.
Be sure to check back often to follow our progress
there.
Next, I am very excited to
announce that we are making strong progress on acquiring our new
state-of-the-art CBD extraction and production facility. We have
sharply narrowed down our list of top candidates with the goal of
closing on a facility by next month. This is an enormously
important piece of the puzzle for setting our fully integrated
vision in motion. We will be outfitting the facility with a
high-capacity supercritical CO2 extraction machine along with other
essential equipment and moving quickly into
production.
I am also very excited to
report that we will be launching our own distribution facility in
Phoenix, AZ. That facility should be fully up and running by April
2 – and possibly sooner then that. This will be our distribution
hub and will serve as a primary sourcing point for all of our major
end markets, including full-spectrum high-potency CBD products, a
range of pet products, and our Bacteria Elimination cleaning
products.
With our new emphasis on the
rapidly growing CBD market, it’s easy to forget that we have
tremendous traction in the hi-tech cleaning products marketplace.
Our Clean Life brand uses advanced Nano-mechanics to destroy
pathogens and leave a protective shield (our “Advanced Coating
Technology”) on surfaces to inhibit the growth of new pathogens
where treatment with Clean Life products has occurred – all without
the use of harsh or harmful chemicals.
If you want to understand more
about our cleaning products, our technology, or the science behind
this process, please visit our Clean Life products site at
cleanlifecorp.com.
Finally, I wanted to update
our recent moves to expand our CBD retail footprint. We will be
interfacing with end-market consumers in a range of ways, as we
have noted in recent communications. Two of the most powerful
avenues are our CBD mall kiosks and CBD vending
machines.
Our mall kiosk strategy will
focus on both human CBD products and pet products, including CBD
for pets, which is a surprisingly powerful growth market. It
shouldn’t be surprising if you take a moment to think about it. CBD
is an extremely effective agent on so many fronts for animal
physiology given its interaction with the endocannabinoid system.
Those same CB1 and CB2 receptors that have such an impact on our
own physiology are present in our furry friends as well. And most
pet owners desire natural, organic products that increase the
well-being of their pets.
To give you a sense of how big
this market could become, pet owners spent over $30B in 2016 on pet
supplies, treatments, and veterinary care, according to the
American Pet Products Association. Some percentage of that spending
is a substitution target for CBD products.
Our first kiosk will focus on
human CBD products. Our second will focus on the pet
market.
In addition, our Las Vegas
retail footprint will be open and active beginning next week. We
also plan to expand aggressively into the Arizona and Florida
markets next.
Best
Regards,
Nelson Grist,
CEO
About For The Earth
Corporation
For The Earth Corporation is
an emerging integrated CBD producer and retailer in the United
States. The Company is in the process of establishing a vertical
framework that will extend from cultivation to extraction and
production to a strategic retail footprint that includes multiple
locations in Las Vegas and New York featuring mall kiosks, vending
machines, e-commerce, and full store locations serving both the
human and pet CBD markets. Two mall leases have been signed
recently in Las Vegas, with another vending machine location
secured in New York City. The Company plans to expand its New York
vending machine penetration by the end of 2019. In addition, the
Company has begun early-stage work to establish a state-of-the-art
CBD extraction and production facility in Eugene,
OR.
Forward-Looking
Statements
Except for the historical
information contained herein, the matters discussed in this press
release are forward-looking statements. Actual results may differ
materially from those described in forward-looking statements and
are subject to risks and uncertainties. See For The Earth’s filings
with OTC Markets, which may identify specific factors that may
cause actual results or events to differ materially from those
described in the forward-looking statements.
Safe Harbor
Statement
This release includes
forward-looking statements, which are based on certain assumptions
and reflect management's current expectations. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Some of these factors
include: general global economic conditions; general industry and
market conditions, sector changes and growth rates; uncertainty as
to whether our strategies and business plans will yield the
expected benefits; increasing competition; availability and cost of
capital; the ability to identify and develop and achieve commercial
success; the level of expenditures necessary to maintain and
improve the quality of services; changes in the economy; changes in
laws and regulations, including codes and standards, intellectual
property rights, and tax matters; or other matters not anticipated;
our ability to secure and maintain strategic relationships and
distribution agreements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Press & Media
Inquiries:
EHC Branding
Agency
Info@EHCBrandingAgency.com
(626)
MJ-BRAND
Corporate
Contact:
For The Earth
Corporation
20 East Thomas
Rd.
Phoenix, AZ 85012
USA
Contact: Nelson
Grist
Telephone: 602
612-8300
Email: Info@FTEGCORP.COM
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