Business
For The Earth Announces Groundbreaking CBD Partnership with Fastcorp Vending in the $30B Vending Space
For The Earth Announces Groundbreaking CBD Partnership with Fastcorp Vending in the $30B Vending Space.
About this update from For The Earth Corp.
[{"type":"text","content":"\nPHOENIX, March 04, 2019 (GLOBE NEWSWIRE) -- (WWW.OTCMASSMEDIA.COM) – For The Earth Corporation (the “Company” or “FTEG”) (OTCMKTS: FTEG) is excited to announce that it has entered into a strategic partnership with Fastcorp Vending (“Fastcorp”), the world leader in frozen vending machine sales and a pioneer of innovative vending technology systems armed with advanced robotics.\n According to management, the partnership will augment the Company’s mission to become the leader in the CBD vending machine market, which will augment its traditional CBD stores, mall kiosks, and e-commerce sales portals. “100 million Americans will use one of 7 million vending machines each day,” noted the Company’s CEO, Nelson Grist. “The CBD market is poised for massive growth according to all available analysis, and automated vending machines clearly represent the most cost-efficient and highest-margin means of distribution for CBD. Our research suggests that CBD vending machines can be positioned according to consumer behavior patterns based on accessibility and demand. And, once established, the overhead is negligible. In short, we are thrilled to partner with the top innovator in the vending machine technology market.” Fastcorp vending technology (fastcorpvending.com) features advanced robotics, WIFI network capability, seamless touchscreen interfaces, and advanced cashless payment options including Apple Pay and Google Pay. Fastcorp CEO, Brian Weinstein, commented, “We are excited to be partnering with For The Earth in this emerging CBD market. This partnership aligns perfectly with our strategic objectives and we are confident that our technology is a perfect fit for their present and future needs. FTEG management also believes that the CBD market suffers from a taboo limitation for some consumers due to its association with the cannabis plant. That suggests many consumers interested in CBD may favor a means of consumption that does not necessitate interacting with a full-service in-store purchase process. Vending machines may offer a strong alternative solution for such individuals. Mr. Grist continued, “We are pressing aggressively at both ends of the equation right now: establishing our own extraction and production operation and broadening our interfac...