March 29, 2019
Jamie Blundell, President & COO is pleased to provide the following update on Bhang Corporation, one of CGOC’s private holdings:
Bhang Corporation (“Bhang”), one of CGOC’s private portfolio holdings, is a global cannabis brand delivering a large variety of safe, consistent products to consumers. Bhang’s mission is to be the most-recognized and trusted cannabis brand on the planet. CGOC invested in Bhang in April 2018, for approximately $600,000 (currently makes up 5% of the private portfolio at cost).
“We invested in Bhang for a number of reasons including their experienced and well managed team, their knowledge of brand creation, and their commitment to delivering a consistent, high-quality product. We are very happy with this investment and look forward to seeing the Company continue to grow as they expand their global presence.”, Jamie Blundell
Bhang – A Recognized Brand
Bhang has a comprehensive vertical plan to widely distribute three tiers of products (cannabis, hemp-derived CBD, and terpenes) across global cannabis and mass markets. While Bhang continues the focus remains bringing delicious, safe, and consistent products to consumers. Bhang’s extensive gourmet food background and experience bringing high-quality products to large food chains like Whole Foods. Bhang has partnered with other respected innovators such as Origin House (formerly CannaRoyalty), Indiva and Trulieve.
Innovative Business Model – Horizontally-integrated brand offering cannabis, hemp and terpene-based products covering 100% of the cannabis consumer market.
Award-Winning Brand – Winner of over 22 competitions for various products including artisanal edibles, concentrates, CBD and vape products.
Experienced Team – Top-tier board and management team. Seasoned CEO is a chef, master chocolatier and innovative cannabis pioneer. COO is a proven operator with farming to retail experience.
Global Distribution – Positioned to expand and become the first ubiquitous global cannabis brand. Mature operations, over 1,000 points of sale along with integrated supply chain. Current JV with Indiva in Canada and negotiating distribution deals to cover all 50 states, 11 countries as wells as the Asian-Pacific market.
Go Public Transaction
Bhang previously announced plans for a Reverse Takeover Transaction (“RTO”) with Pele Mountain Resources (“Pele”, TSX-V: GEM), whereby Pele will acquire all of the issued and outstanding shares of Bhang and re-list on the Canadian Securities Exchange. The Company will provide updates on its progress near completion of the RTO, which is expected within the first half of 2019.
For further information please contact Cannabis Growth Opportunity Corporation:
|Website: www.cgocorp.com||Investor Relations Email: email@example.com|
Bhang’s award-winning product portfolio of over 100 cannabis and CBD products includes the most-awarded line of cannabis chocolate bars on the planet, as well as a premium collection of pre-rolls, vapes, beverages, gums, mouth sprays and Bhang-branded merchandise. From public companies to platinum recording artists and organic food companies, Bhang has mastered the art of harnessing mutually beneficial partnerships to bring safe, consistent and delicious products to the world. For more information please visit www.gotbhang.com