For The Earth Announces Official Opening of Strategic CBD Distribution Facility
19 Marzo 2019 - 6:25AM
InvestorsHub NewsWire
For The Earth Announces Official Opening
of Strategic CBD Distribution Facility
PHOENIX, AZ -- March 19, 2019
-- InvestorsHub NewsWire -- For The Earth Corporation (the
“Company” or “FTEG”) (OTCMKTS:
FTEG), an emerging vertically integrated CBD producer and
retailer, is excited to announce the opening of the Company’s
primary distribution facility in Phoenix, AZ. The 2,450 square foot
facility will officially open for business on April 1, 2019, and
act as the principal hub for the Company’s product logistics going
forward.
“This facility will powerfully
augment our efficiency as a vertically integrated player in the
space,” noted FTEG CEO Nelson Grist. “Everything will move
efficiently through this hub. We love the location, with so much of
the addressable market nearby. According to our analysis, the
California CBD market will remain the leading growth driver in the
space, with the western US region collectively powering the
industry’s growth in the years ahead.”
Management notes that the
facility has sufficient space to store inventory levels that will
allow the logistical flexibility to smoothly meet demand without
delays or perishability risk. The facility will also have a small
fulfillment production module for product samples and minor orders
as well as a testing lab to ensure product quality and
composition.
At present, the facility will
house and circulate all of the Company’s diverse products,
including its CBD Topicals line (Day Cream, Night Cream, Face
Serum, Eye Serum, and Face Mask), its mint CBD tincture oil, its
line of CBD softgels, its CBD vaping line, its CBD pet product
line, and its line of non-toxic, nanotech-based Clean Life
bacteria-elimination cleaning products.
“As we see it, it will pay to
be vertical and efficient, and build the most trusted brand,”
continued Mr. Grist. “The CBD space is expected to explode over the
next 24-36 months, with some research and analysis firms now
anticipating well over a twenty-fold increase from current levels
in that time to more than $20 billion in sales. We are building a
brand based on purity and integrity. The only way to pull that off
is to know exactly what you are selling, and to convince your
end-market of that same idea. That necessitates a vertical
organization, and this new distribution hub is a major piece of
that puzzle.”
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.
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
612-8300
Email: Info@FTEGCORP.COM
WWW.FTEGCO.COM
For The Earth (CE) (USOTC:FTEG)
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For The Earth (CE) (USOTC:FTEG)
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