Business
FBEC Worldwide, Inc. Signs Letter of Intent with European Distributor and CBD Product Line
FBEC Worldwide, Inc. Signs Letter of Intent with European Distributor and CBD Product Line.
About this update from Fbec Worldwide, Inc.
[{"type":"text","content":"\n\n\n\nFBEC Worldwide, Inc. Signs Letter of Intent with European Distributor and CBD Product Line\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFBEC Worldwide, Inc. Signs Letter of Intent with European Distributor and CBD Product Line\nPR Newswire\nCHEYENNE, Wyo., Oct. 20, 2015\n\n\n\nCHEYENNE, Wyo., Oct. 20, 2015 /PRNewswire/ -- FBEC Worldwide, Inc. (FBEC), a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages, is pleased to announce the signing of a Letter of Intent (LOI) with CBD Globe Distributors Ltd. to distribute the Company's WolfShot™ Hemp Energy™ shot throughout Europe and the United Kingdom. According to the terms of the LOI, the Company will also partner with CBD Globe Distributors' proprietary CBD product line, the Ma Brand, and manage sales, marketing and distribution in the United States.\n\nThe LOI not only gives the Company access to an established distribution channel throughout Europe for their flagship WolfShot™ product, but also enters the Company into the rapidly expanding CBD market. CEO Jason Spatafora explained, \"Partnering with CBD Globe Distributors is a synergistic and strategic move that greatly benefits both parties, shareholders and the collective brands themselves. I have been actively searching for ways to break into the CBD market in the most efficient & cost effective way possible. I am confident we have done just that by means of a partnership with the team at CBD Globe LTD and the turnkey operation built around the Ma Brand CBD product. This CBD Vaping product has a highly refined CBD oil made from hemp grown in the United States. The Ma Brand is already produced, packaged, and ready for distribution. Having this partnership with inventory ready for sale and a team with the capital means to scale up both new & existing products should be very exciting to shareholders.\"\n\nBefore entering into the LOI, the Company consulted with mCig, Inc. as they had previously signed a Master Distribution Agreement with CBD ...