Business
For The Earth Announces Official Opening of Strategic CBD Distribution Facility
For The Earth Announces Official Opening of Strategic CBD Distribution Facility.
About this update from For The Earth Corp.
[{"type":"text","content":"\nPHOENIX, AZ, March 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- For The Earth Corporation (the “Company” or “FTEG”) (OTCMKTS: FTEG), an emerging vertically integrated CBD producer and retailer, is excited to announce the opening of the Company’s primary distribution facility in Phoenix, AZ. The 2,450 square foot facility will officially open for business on April 1, 2019, and act as the principal hub for the Company’s product logistics going forward.\n “This facility will powerfully augment our efficiency as a vertically integrated player in the space,” noted FTEG CEO Nelson Grist. “Everything will move efficiently through this hub. We love the location, with so much of the addressable market nearby. According to our analysis, the California CBD market will remain the leading growth driver in the space, with the western US region collectively powering the industry’s growth in the years ahead.” Management notes that the facility has sufficient space to store inventory levels that will allow the logistical flexibility to smoothly meet demand without delays or perishability risk. The facility will also have a small fulfillment production module for product samples and minor orders as well as a testing lab to ensure product quality and composition. At present, the facility will house and circulate all of the Company’s diverse products, including its CBD Topicals line (Day Cream, Night Cream, Face Serum, Eye Serum, and Face Mask), its mint CBD tincture oil, its line of CBD softgels, its CBD vaping line, its CBD pet product line, and its line of non-toxic, nanotech-based Clean Life bacteria-elimination cleaning products. “As we see it, it will pay to be vertical and efficient, and build the most trusted brand,” continued Mr. Grist. “The CBD space is expected to explode over the next 24-36 months, with some research and analysis firms now anticipating well over a twenty-fold increase from current levels in that time to more than $20 billion in sales. We are building a brand based on purity and integrity. The only way to pull that off is to know exactly what you are selling, and to convince your end-market of that same idea. That necessitates a vertical organization, and this new distribution hub is a major piece of that puzzle.”  ...