Business
For The Earth Corporation Provides Acquisition Update
For The Earth Corporation Provides Acquisition Update.
About this update from For The Earth Corp.
[{"type":"text","content":"\nPHOENIX, AZ, March 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – For The Earth Corporation (the “Company”) (OTC: FTEG) is excited to provide acquisition update.\n Acquisitions Update: “I would like to comment on the latest announcement regarding For The Earth’s acquisition of the Chow brand. As we all know, when one company acquires another (or when a company is only acquiring another companies brand name), there is always apprehension from both parties.  After the agreement was signed, I decided it wasn’t the right fit for FTEG. The number of vending machines that Vliso’s management team wanted to launch {in 2019} was extremely aggressive. This in turn would not allow for other acquisitions, development of new products, and marketing campaigns.  It would not support FTEG in creating strong revenues and would have forced our focus from long term shareholder value. “We will concentrate efforts on the launch of our Las Vegas vending machines, kiosks and inline retail store,” said Nelson Grist, President and CEO of For The Earth Corporation. “Vlsio is a great startup company, with great a management team who are young and highly skilled, I wish them well!” If you have any questions, please send an email to the FTEG Investment Team. [email protected] About For The Earth Corporation For The Earth Corporation is an emerging integrated CBD producer and retailer in the United States. The Company is in the process of establishing a vertical framework that will extend from cultivation to extraction and production to a strategic retail footprint. that includes multiple locations, featuring mall kiosks, vending machines, e-commerce, and full store locations serving both the human and pet CBD markets. Two mall leases have been signed recently in Las Vegas, with another vending machine location secured in New York City. The Company plans to expand its New York vending machine penetration by the end of 2019. In addition, the Company has begun early-stage work to establish a state-of-the-art CBD extraction and production facility in Eugene, OR. Forward-Looking Statements Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in...