For The Earth
Announces Groundbreaking CBD Partnership
with Fastcorp
Vending
in
the
$30B
Vending
Space
PHOENIX, AZ,
March
4,
2019 -- InvestorsHub NewsWire -- For The Earth Corporation
(the "Company" or "FTEG") (OTCMKTS: FTEG)
is
excited
to announce
that
it
has entered into a strategic partnership with
Fastcorp
Vending
("Fastcorp"),
the world leader in frozen vending machine sales and a pioneer of
innovative vending technology
systems
armed with
advanced robotics.
According to
management,
the
partnership will augment
the Company's
mission to become the leader in the CBD vending machine
market,
which will augment
its
traditional CBD stores, mall kiosks, and e-commerce sales
portals.
"100
million Americans will use one of 7 million vending machines each
day,"
noted the Company's CEO,
Nelson Grist.
"The CBD market is poised for
massive
growth
according to all available analysis,
and automated vending machines
clearly
represent the most cost-efficient and highest-margin means of
distribution for CBD.
Our research suggests that CBD vending machines
can be positioned according to consumer
behavior patterns
based on accessibility and demand. And, once established, the
overhead is negligible.
In short, we are thrilled to partner with the top innovator in the
vending machine technology market."
Fastcorp
vending technology
(fastcorpvending.com)
features advanced robotics,
WIFI
network capability, seamless touchscreen interfaces, and advanced
cashless payment options including Apple Pay and Google
Pay.
Fastcorp
CEO,
Brian Weinstein,
commented, "We are excited to be
partnering with For The Earth in this emerging CBD market. This
partnership aligns perfectly with our strategic objectives and we
are confident that our technology is a perfect fit
for their
present and future needs.
FTEG management
also believes that the CBD market suffers from a taboo limitation
for some consumers due to its association with the cannabis plant.
That suggests many consumers interested in CBD may favor a means of
consumption that does not necessitate interacting with a
full-service in-store purchase process. Vending machines may offer
a strong alternative solution for such individuals.
Mr. Grist continued, "We are pressing aggressively at both ends of
the equation right now: establishing our own extraction and
production operation and broadening our interface with the
end-market consumer.
Nailing into place the best vending machine partner and strategy is
a huge part of successfully navigating that equation."
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 in Las Vegas and New York 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.
About Fastcorp
Vending
Fastcorp
Vending has been an industry leader in robotic retail and vending
technology for decades. The DIVI
machine
contains the world's most versatile and customizable technology,
allowing endless possibilities in the automated retail space.
Fastcorp Vending works with brands to create specific solutions
that cater to their customers. Using our unique product storage and
delivery system, the customer is presented with a contemporary user
experience unlike that of a conventional vending
machine.
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
forward-looking statements and are subject to risks and
uncertainties. See For The Earth's filings with OTC Markets, which
may identify specific factors that may cause actual results or
events to differ materially from those described in the
forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based
on certain assumptions and reflect management's current
expectations. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of
these factors include: general global economic conditions; general
industry and market conditions, sector changes and growth rates;
uncertainty as to whether our strategies and business plans will
yield the expected benefits; increasing competition; availability
and cost of capital; the ability to identify and develop and
achieve commercial success; the level of expenditures necessary to
maintain and improve the quality of services; changes in the
economy; changes in laws and regulations, including codes and
standards, intellectual property rights, and tax matters; or other
matters not anticipated; our ability to secure and maintain
strategic relationships and distribution agreements. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Press & Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.com
(626) MJ-BRAND
Corporate
Contact:
For The
Earth Corporation
20 East
Thomas Rd.
Phoenix,
AZ 85012 USA
Contact:
Nelson Grist
Telephone: 602
502-0602
Email:
infofteg@gmail.com