Business
PSIQ ANNOUNCES RESELLER AGREEMENT WITH CANNARA BIOTECH SUBSIDIARY SHOPCBD.COM TO MARKET AND SELL ELITES CBD PRODUCT LINE WITHIN THE UNITED STATES
PSIQ ANNOUNCES RESELLER AGREEMENT WITH CANNARA BIOTECH SUBSIDIARY SHOPCBD.COM TO MARKET AND SELL ELITES CBD PRODUCT LINE WITHIN THE UNITED STATES.
About this update from Profile Solutions Inc
[{"type":"text","content":"\nSUNRISE, Fla., April 30, 2019 (GLOBE NEWSWIRE) -- Profile Solutions, Inc. (OTC Pink: PSIQ) announced today that its wholly owned subsidiary, Elite Products International, Inc. (“Elite”), has entered into a Reseller Agreement with Shopcbd.com, a subsidiary of Cannara Biotech, Inc. (CSE: \"LOVE\") (FRA: \"8CB\") to market and sell Elite’s line of products within the United States.\n Cannara Biotech Inc. (\"Cannara\"), an emerging vertically integrated cannabis company focused on cultivation and cannabis-infused products, recently announced its subsidiary Global ShopCBD.com Inc. (\"Global shopCBD.com\") closed private rounds of financing for aggregate proceeds of $8,865,849.15 to create, build and promote sales for the listings on its website www.shopcbd.com. Global shopCBD.com's strategy is to offer a wide variety of products from leading CBD brands such as Elite www.elitehempproducts.com with competitive pricing and delivery times across the U.S. The rise in popularity for CBD products is driven by consumers seeking natural-wellness solutions to treat various ailments from inflammation, anxiety to insomnia amongst many others. As a result, the hemp-derived CBD market has been estimated to reach U.S. $22 billion by 2022, according to cannabis industry analysts at the Brightfield Group. “Our careful due diligence and research in selecting each vendor is a large part of the true value we provide our customers at Global shopCBD.com. That’s why we are excited to partner with Elite to provide U.S. consumers premium hemp-CBD products that meet strict quality control requirements that are in line with Global shopCBD values,” said Zohar Krivorot, President and CEO of Global shopCBD and Cannara. Shimon Fhima, CEO of PSIQ subsidiary Elite stated, “We are extremely pleased and honored that ShopCBD.com has elected to list and promote Elite’s line of premier CBD products. We firmly believe the partnership will generate substantial revenues for both companies as well as provide a true benefit to ShopCBD.com consumers as the source for quality CBD products competitively priced.” ABOUT CANNARA BIOTECH, INC. (CSE: “LOVE”) (FRA: 8CB”) Cannara Biotech is building one of the largest indoor cannabis cultivation facilities (625,000 square feet) in Canada ...