For The Earth Announces Commitment to Market and Sell Only Internally Produced CBD Products
PHOENIX, AZ, Feb. 28, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- For The Earth Corporation (the “Company” or “FTEG”) (OTCMKTS: FTEG) is proud to announce the Company’s commitment to producing and selling only CBD products derived strictly from in-house production processes. The Company has already established a diversified retail distribution footprint with both physical and e-commerce points of sale, and has begun the process of establishing its own state-of-the-art CBD extraction and production facility in Eugene, OR.
“A lot of producers in the CBD industry seem to be white-labeling their products these days,” noted FTEG CEO Nelson Grist. “We plan to take a different approach. We are going to take our own raw hemp and turn it into our own pharmaceutical grade full-spectrum CBD products and sell them from our own storefront directly to the end-market consumer.”
Mr. Grist has been in Eugene for the past four days interviewing leading operational candidates and consultants and examining prospective construction sites for the facility. The Company plans to control its own supply chain from cultivation through to branded product sales to customers at its kiosks, vending machines, stores, and e-commerce portals.
Management believes that full vertical integration of the production process may lower production costs given the variability of CBD supplies and the potential for delays or occasional scarcity. In addition, the Company believes that consumers appreciate brands that set themselves apart from the herd by having higher quality management standards.
“When we make a sale, I want to be confident that I know exactly what’s in that bottle or package, and that it’s the highest quality CBD product on the market,” continued Mr. Grist. “I want to know the ground it came out of, every ingredient in it, and who switched the equipment on where it was made.”
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 (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:
