09:21:47 EDT Mon 20 Sep 2021
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International Cannabrands Inc
Symbol JUJU
Shares Issued 230,957,465
Close 2019-03-25 C$ 0.115
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Int'l Cannabrands signs distribution deal with Hemp

2019-03-25 10:00 ET - News Release

Mr. Steve Gormley reports

INTERNATIONAL CANNABRANDS SIGNS DISTRIBUTION DEAL FOR CBD PRODUCTS

International Cannabrands Inc.'s Rastafarian-influenced lifestyle brand, Julian Marley JuJu Royal, has signed a new distribution agreement for its CBD (cannabidiol) line of products with Hemp Garden, a company based in New York. Hemp Garden is dedicated to selling the highest-quality CBD and hemp-derived products. The company currently has five CBD-only products: CBD-infused extra virgin olive oil in three flavours, Irie Stixx -- disposable vape pens (250 milligrams CBD) in two flavours, tinctures (1,500 milligrams CBD) in three flavours, Irie vape cartridges (250 milligrams CBD) in two flavours and vape juice in three concentrations (300 milligrams, 600 milligrams and 900 milligrams) and three flavours.

Hemp Garden has a retail presence as well as a broad wholesale distribution network to over 180 resellers across the United States. Its six retail stores in New York, Brooklyn and North Carolina were designed with comfort and community in mind in order to educate every type of consumer it can benefit. Hemp Garden offers high-quality CBD products, including full spectrum and isolate tinctures, lotions, vape cartridges, CBD flower, edibles, powdered teas and coconut water, soaps, bath products, pet products, and clothing. Hemp Garden will add JuJu Royal vape pens and olive oils to its distributed suite of CBD and hemp-derived products.

Pursuant to the agreement, subject to meeting minimum amounts, Hemp Garden has the exclusive rights to distribute the CBD-infused extra virgin olive oil and the JuJu Royal Irie Stixx -- CBD disposable vape pens in the city of New York. In addition, Hemp Garden will have the non-exclusive right to distribute the entire JuJu Royal CBD line to its distribution network. The initial term of the agreement is for one year with a one-year renewal period.

"Last year, our cannabis-infused olive oils won first place in the fourth annual best of edibles list awards in two categories: best Colorado edible and best olive oil. We are thrilled to have Hemp Garden pick up our CBD olive oil to be our exclusive distributor in New York," commented Travis Belcher, president of JuJu Royal.

Steve Gormley, chief executive officer of International Cannabrands, added: "I am extremely encouraged by the quality of distributors and partners we continue to attract. Hemp Garden is first class. Outstripped only by our enthusiasm, we remain focused on building our strategy and eager to continue the rollout of our business plan."

About International Cannabrands Inc.

International Cannabrands' business model is to generate revenue from cannabis cultivation, brands ranging from flower to edibles and from THC (tetrahydrocannabinol) to CBD, oil extraction, ancillary products, and apparel in the United States. International Cannabrands markets products with THC content where that practice has been legalized at the state level through either medicinal or full recreational use. International Cannabrands also markets products containing CBD in the U.S. and internationally. International Cannabrands' strategy centres on acquiring micro brands, distribution and specific manufacturing/cultivation companies in the cannabis space.

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