Business
Isodiol International Inc. Announces KURE Corp Expansion Plans
Isodiol International Inc. Announces KURE Corp Expansion Plans.
About this update from Isodiol International Inc
[{"type":"text","content":"\nVANCOUVER, British Columbia, June 05, 2018 (GLOBE NEWSWIRE) -- Isodiol International Inc. (CSE: ISOL) (OTC: ISOLF) (FSE: LB6A.F) (the “Company” or “Isodiol”), a global CBD innovator specializing in the development of pharmaceutical and health and wellness products and now supporting the pharmaceutical industry at large with its recently approved CBD as an Active Pharmaceutical Ingredient, announces that its wholly owned subsidiary, KURE Corp (“KURE”), has finalized plans for the expansion of its national retail footprint. KURE plans to expand by opening several brick and mortar locations, acquiring existing vapor stores and introducing their new KURE Vape Pod™ concept in cities across the US and Canada.\n KURE has signed a representation agreement with Newmark Knight Frank (NKF), one of the world's leading commercial real estate advisory firms.  Newmark Knight Frank  is operated by the Newmark Group, Inc. (NASDAQ: NMRK).  Under the agreement, the Newmark Group has identified several national real estate investment trusts (REIT’s) who will provide Class A retail locations for the KURE Vape Pod™. The initial roll-out plan is for 10 cities across the United States with additional cities to be announced. SG Blocks, Inc. (Nasdaq: SGBX), a leading designer, innovator and fabricator of container-based structures have teamed up to create an extraordinarily unique experience for the vaping industry.  Introducing, the KURE Vape Pod™, a sleek vaporium within a 20’ x 24’ shipping containers structure, allowing for the same quality customer experience you receive in a stationary KURE store, but within a smaller and eco-friendly footprint.  It is estimated that the initial 10 locations will be a total cap ex cost of $2 million.  The current 12 KURE stores average $900,000 USD per location in annual gross sales. KURE will also be adding Isodiol's CBD products, including a new kathy ireland Health & Wellness product line in Q2 2018. “KURE has established itself as a leading specialty vape retailer and this expansion further reflects the demand KURE has been receiving from customers,” said CEO of Isodiol, Marcos Agramont. “With our newly formed partnership, KURE is now able to provide consumers with a variety of inno...