Business
MC Endeavors, Inc. /Room 21 Media Announces Launch of CBD Division
MC Endeavors, Inc. /Room 21 Media Announces Launch of CBD Division.
About this update from Mc Endeavors, Inc.
[{"type":"text","content":"\n DANA POINT, CA,, Aug. 22, 2019 (GLOBE NEWSWIRE) -- MC Endeavors, Inc. /Room 21 Media (PINKSHEETS: MSMY) today announced the launch of its newly formed CBD Division, which will market and distribute a full line of premium CBD products directly to specialty retailers and wholesale distributors worldwide.  In support of the new division, the Company has already started the development of the retail (B2C) e-commerce portal and subsequent launch of a business-to-business wholesale (B2B) e-commerce portal.  Mr. Stippick, CEO, said, “The passage of the Farm Bill moves the U.S. out of a long history of hemp prohibition, removing hemp from the Controlled Substances Act. This new legislation is creating tremendous opportunity for CBD brands to market and sell products into what analysts are predicting could grow into a $20 billion market by 2022. We see the CBD market as a game-changer for many industries, and our newly created CBD division will offer a unique value to consumer and wholesale markets within this emerging industry,\" “The new Room 21 Media CBD division will provide consumers, retailers, and wholesalers with direct access to online ordering and shipment of products in large quantities through our upcoming ecommerce platform.  We see this as a very promising opportunity for two reasons: 1) We will extend the reach of the brands we are acquiring and 2) we are creating a new revenue channel for our Company which should greatly complement our core capabilities as a digital marketing company” stated John Stippick, MC Endeavor CEO.  Mr. Stippick added, “The Company’s expansion plans begin initially with a consumer (B2C) portal and will expand very quickly to the formation of bulk CBD sales, with substantial discounts on bulk quantities of highquality CBD isolate and full spectrum CBD oils, as well as hemp extract finished products. Both the consumer B2C and wholesale B2B websites are nearing completion and will be announced before the end of 3rd Quarter 2019. About MC Endeavors, Inc. /Room 21 Media MC Endeavors, Inc. (OTC Pink: MSMY), an innovator in social commerce platforms, is committed to becoming a leading global social video commerce company that utilizes a single core platform, Room 21™, to produce, distribute, and monetize online communities for individuals and bus...