1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF) announced Friday it has set up distribution of its Canna Hemp line of wellness products with CBD Plus, the largest and most trusted supplier of CBD products across the US.
The Vancouver, British Columbia-based company said its wholly owned subsidiary Infused MFG signed a master service and supply agreement with MCV Enterprises LLC, an Oklahoma company doing business as CBD Plus and CBD Plus USA for the marketing and sale of Canna Hemp products in CBD Plus corporate-owned and franchisee brick and mortar retail stores.
The one-year agreement includes a 45-day trial period, effective immediately.
CBD Plus is focused in the Midwest and Southern US, with over 120 locations in Texas, Oklahoma, Kansas, Arkansas, Tennessee, Georgia, Florida, North Carolina, and Maryland.
The partnership with CBD Plus is another important step for 1933 Industries as it builds the Canna Hemp line as a leading brand in the US CBD market.
According to the latest outlook by the Brightfield Group, hemp-based CBD US sales will reach $12.4 billion by 2023 and $16.8 billion by 2025.
"CBD Plus is a well-respected source of safe, legal and affordable CBD products that meet the highest standards in the industry,” said Eugene Ruiz, president of 1933 Industries, in a statement.
“We are pleased that our Canna Hemp line meets and exceeds those high standards. We look forward to collaborating with CBD Plus to increase awareness and education regarding the benefits and value of CBD in our everyday lives."
CBD Plus CEO Charles Reynolds III noted that “quality assurance and cannabis education have always been cornerstones of the CBD Plus USA mission, and we are excited to partner with a brand such as Canna Hemp that shares those values.”
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