Business
Turner Venture Group Announces Completed Acquisition of Bloomi Labs LLC
Turner Venture Group Announces Completed Acquisition of Bloomi Labs LLC.
About this update from Turner Valley Oil & Gas, Inc.
[{"type":"text","content":"KERRVILLE, TX / ACCESSWIRE / October 9, 2020 / Turner Valley Oil and Gas, Inc. (the "Company") ("Turner") (OTC PINK:TVOG), now doing business as Turner Venture Group, Inc., is pleased to announce the 100% acquisition of Bloomi Labs LLC in an all equity for equity transaction. Bloomi Labs LLC is a proprietary CBD product development company with a flagship product called BloomiClean™ a ethyl-based hand sanitizer infused with 100 mg of CBD, aloe vera and vitamin E.BLOOMI LABS LLCBloomiClean™ is made using organic products, with CBD from an Illinois hemp farm, which is THC-free and produced in a FDA qualified facility. The product is turn-key for retail sales, online sales and the marketing strategy has been initiated with an official launch date soon. Turner has cultivated multiple social media influencers and celebrity relationships as well as major corporate retail operatives from drug stores, CBD shops, beauty supply and many others that are eager to forge distribution relationships. Retail distribution expansion efforts have been developed with a significant network of distributors is being formed to map out new markets and build the supply chain efforts.Bloomi Labs LLC is pleased to announce it signed a special manufacturing agreement with a confidential St. Louis manufacturer to provide products at cost, in exchange for a profit sharing agreement, which requires not issuance dilution of stock from Turner. This way parties are aligned in helping to drive down costs and increase volumes. Currently maximum capacity is 30,000 bottles per month.Distributors, retail shops, influencers, consumers or otherwise interested parties should contact Rick Hupe at [email protected] SIZE"Global hand sanitizer Market was valued at US$ 2.6 billion in 2019 and is anticipated to witness very high growth in 2020 and would reach a market size of US$ 15.3 billion by the end of 2020. Further, the market is expected to witness a compound annual growth rate (CAGR) of 9.15% during the 2021-2026 period."For more information: https://www.prnewswire.com/news-releases/hand-sanitizer-market-size-worth-us-15-3-billion-by-2026-cagr-9-15-univdatos-market-insights-301111046.html"The global cannabidiol market was valued at USD 4.6 billion in 2018 and is expected to grow at a compound annual growth rate (CAG...