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Cartel Blue, Inc. Announces to File Reg A
(NewsDirect) PinionNewswire -- Cartel Blue, Inc. (OTC Pink: CRTL) a Nevada corporatio...
About this update from Critical One Energy Inc.
[{"type":"text","content":"Cartel Blue, Inc. Announces to File Reg A\n \n \n (NewsDirect)\n \n \n \n PinionNewswire\n \n --\n \n Cartel Blue, Inc.\n \n (OTC Pink:\nCRTL) a Nevada corporation and the manufacturers of Hemp Cigars and\nTHC products and branded items announces its preparation of a Tier 1\noffering under Regulation A. It is to commence the sale of 250,000,000\ncommon stock shares upon the declaration of the registration statement\nas effective by the United States Securities and Exchange Commission\n(the “SEC”). The symbol “CTRL” represents the trades of Cartel\nBlue’s Common Stock on the OTC Exchange OTC Market’s\nPinks.\n \n \n \n The Company\nmanufactures and distributes hemp consumable products, including\nbranded cigars and cigarillos, 0.3 THC (psychoactive compound\ndelta-9-tetrahydrocannabinol) Edible Gummies, CBD oil products, vape\npens and branded accessories (“products”) from its Fort Lauderdale\nfacility.\n \n \n This\nRegulation A offering raises funds for Cartel’s business expansion\nneeds to meet the growth in demand for its branded products, and the\nCompany’s secured new contracts with national convenience store\nchains and liquor stores in Southern California during the previous\ntwo quarters. Cartel also expanded its product offerings, and began\ndistribution through its affiliate, Distributolgov.com, including\nsupply of 0.3 THC (psychoactive compound delta-9-tetrahydrocannabinol)\nproducts (\n \n https://finance.yahoo.com/news/cartel-blue-inc-reports-increased-082000005.html\n \n ).\n \n \n Cartel plans to expand\ndistribution of certain retail products, now legal in all 50 States\nafter an 85-year ban, made possible when the 2018 Farm Bill was signed\ninto law on December 20, 2018, which legalized industrial hemp not\nexceeding .03 THC dry weight federally.\n \n \n \n Reg A – Intended Use of Proceeds\n \n \n \n Cartel Blue,\nInc.’s CEO, Philip Moreb, oversees daily operations, and confirmed\nthe Company plans to use the proceeds of the Tier 1 offering to expand\nits manufacturing capacity for wider distribution in the U.S. market,\nwith the build out of two (2) 10,000 Sq. Ft. hydroponic indoor grow\ncenters located in Palm Desert, California and at its existing Fort\nLauderdale, Florida location, for cultivation of high-grade organic\nhemp...