Business
First Foods Group Raises $750k and Signs a Master Distribution Agreement With CBD Unlimited
First Foods Group Raises $750k and Signs a Master Distribution Agreement With CBD Unlimited.
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[{"type":"text","content":"\n NEW YORK, NY, Nov. 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- First Foods Group, Inc. (OTCQB: FIFG) has announced today that its significant fundraising activities have culminated in a raise of $750,000 in October 2019. The funds will be used by First Foods to expand the production and distribution of its hemp-based premium chocolate supplement product line available now to consumers under the brand name, “Southeast Edibles.” First Foods has been refining its chocolate supplement recipes in its state-of-the-art production facility since March of this year.  First Foods is strategically expanding its market penetration capabilities by signing a master distribution agreement with CBD Unlimited, Inc. (OTCQB: EDXC), which is a leading researcher, manufacturer and distributor of a wide range of CBD products that have been scientifically designed and tested to perfect the delivery of accurate CBD dosage. Through this injection of capital and close collaboration with CBD Unlimited, First Foods is positioned to expedite the aggressive development of distinctive chocolate supplement products. Southeast Edibles will offer a variety of premium chocolate flavors with different concentrations of CBD Unlimited’s top-rated CBD.  “First Foods Group will be a significant contributor to CBD Unlimited's growth strategy as we advance into the food category. According to Arcview Market Research, U.S. CBD sales are expected to hit $20 billion by 2024. As this forecast includes the increase in CBD-infused supplements, we are excited to accelerate into this market,\" commented Todd Davis, CEO & Chairman of CBD Unlimited. \"We look forward to working closely with First Foods Group and leveraging their knowledge and expertise in CBD-infused supplement innovation.”  “We are excited to work with CBD Unlimited to bring our newly launched Southeast Edibles product line to market. Our thorough, thoughtful approach to developing only the highest quality chocolate supplements is an ideal match with CBD Unlimited's scientific approach to perfecting the accuracy of CBD dosage in all-natural supplement products. CBD Unlimited’s loyal customer base and expanding market access gives us confidence that they are an ideal partner to help bring our products to discerning customers who d...