Business
Cartel Blue, Inc. Reports Intent to File Reg A
Laguna Niguel, California--(Newsfile Corp. - May 8, 2023) - Cartel Blue, Inc. (OTC Pink: CRTL) ,...
About this update from Critical One Energy Inc.
[{"type":"text","content":"Cartel Blue, Inc. Reports Intent to File Reg ALaguna Niguel, California--(Newsfile Corp. - May 8, 2023) - Cartel Blue, Inc. (OTC Pink: CRTL), a Nevada corporation, and manufacturer of Hemp Cigars, and THC Products and branded accessories, reported it is preparing a Tier 1 offering under Regulation A, and will commence the sale of 250,000,000 shares of its common stock under the offering after the registration statement is declared effective by the United States Securities and Exchange Commission (the \"SEC\"). Cartel Blue's Common Stock currently trades on the OTC Exchange OTC Market's Pinks under the symbol \"CRTL\".Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8148/165174_cbac3120d4b00974_002full.jpgAbout Cartel Blue, Inc.The Company manufactures and distributes hemp consumable products, including branded cigars and cigarillos, 0.3 THC (psychoactive compound delta-9-tetrahydrocannabinol) Edible Gummies, CBD oil products, vape pens and branded accessories (\"products\") from its Fort Lauderdale facility.This Regulation A offering raises funds for Cartel's business expansion needs to meet the growth in demand for its branded products, and the Company's secured new contracts with national convenience store chains and liquor stores in Southern California during the previous two quarters. Cartel also expanded its product offerings, and began distribution through its affiliate, Distributolgov.com, including supply of 0.3 THC (psychoactive compound delta-9-tetrahydrocannabinol) products (https://finance.yahoo.com/news/cartel-blue-inc-reports-increased-082000005.html).Cartel plans to expand distribution of certain retail products, now legal in all 50 States after an 85-year ban, made possible when the 2018 Farm Bill was signed into law on December 20, 2018, which legalized industrial hemp not exceeding .03 THC dry weight federally.Reg A - Intended Use of ProceedsCartel Blue, Inc.'s CEO, Philip Moreb, oversees daily operations, and confirmed the Company plans to use the proceeds of the Tier 1 offering to expand its manufacturing capacity for wider distribution in the U.S. market, with the build out of two (2) 10,000 Sq. Ft. hydroponic indoor grow centers located in Palm Desert, California and at its existing Fort Lauderdale, Florida location, for cultivation of high-grade organi...