Business
ISBG Upgrades Expectations Following Outsized Demand for Newest P19 CBD Product Line
ISBG Upgrades Expectations Following Outsized Demand for Newest P19 CBD Product Line.
About this update from Blockquarry Corp.
[{"type":"text","content":"\nLAS VEGAS, May 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – International Spirits and Beverage Group Inc. (OTCMKTS: ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Global Wine & Spirits and CBD-Infused Products markets, is happy to report that the Company’s P19 25mg flavored CBD shooters have quickly sold out and the Company has been forced to step up its production schedule to meet unanticipated levels of demand.\n “We didn’t announce, advertise, or publicize this product when we produced our first major batch of the CBD Shooters and made them available for purchase on our primary e-commerce site (buyp19.com) recently, so this robust market response is an encouraging surprise,” commented ISBG CEO Terry Williams. “Given the strong demand we saw in response to our other P19 product launches over the past 4 months, we though our initial production level for the Shooters would comfortably meet our consumers initial needs. But we clearly underestimated the level of interest, so we are working with our logistics team and partners to capitalize on the opportunity going forward.” Management notes that the Company will continue to follow-through with its planned release of additional product lines over coming months, with the P19 Nano-Infused CBD Tinctures product line slated for launch over the next 60 days. That product will join the Company’s highly successful P19 vegan CBD Gummies, P19 CBD Pain Cream, P19 Nano Nectar CBD Drops, and P19 Flavored CBD Shooters. All of the Company’s CBD products are produced in collaboration with BioPulse Labs (“BioPulse”), the market leader in CBD nano-infusion technology, to provide superior bioavailability. Mr. Williams continued, “Our ground-level sense of this market at this point is that it may actually surprise the experts on the upside. The analysts have been pointing to 10x, 20x, or even 40x total global market growth for the CBD space over the next 3-4 years. From the perspective of a producer in the space, it’s like trying to fill a bottomless cup. We are fortunate to have the supply chain infrastructure and resources in place to quickly adjust and ramp up production in response.” About ISBG: International Spirits and Beverage Group (ISBG) is an authorized imp...