July 19, 2019
Jamie Blundell, President & COO is pleased to provide the following update on Bhang Corporation, one of CGOC’s public holdings:
Bhang Inc. (“Bhang”), one of CGOC’s private portfolio holdings that recently went public, is a global cannabis house of brands with an extensive 100+ product portfolio. Bhang made two announcements this week: a joint venture partnership with Oceana Coffee, a leading organic coffee house specializing in single origin coffees from around the world; and the signing of an exclusive agreement with a team built around one of the largest distributors in Puerto Rico that specializes in CPG, to distribute Bhang’s full suite of award-winning cannabidiol (CBD) products.
Under the terms of the agreement, Bhang, which owns 51% of the joint venture, will control the production of CBD coffee products produced under the new Bhang brand “Röst,” as well as terpene coffee products branded “Cosmic Terp”. To read the full news release issued on July 15, 2019, follow this link.
It is expected that the first shipment of Bhang products, which will include CBD Isolate, Cartridges, Chocolate, Pre-rolls, Gum, Vape Pens, Sprays, E-juice, Lip Balms, and the Company’s recently launched Gummies, will be received in 30 days. This distribution agreement offers an opportunity for Bhang to expand the Company’s operational footprint and achieve full Caribbean distribution with its Puerto Rico partner in the near future. Bhang is in the process of finalizing a THC licensing agreement with its partner and will update the market in due course. To read the full news release issued on July 17, 2019, follow this link.
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For further information please contact Cannabis Growth Opportunity Corporation:
|Website: www.cgocorp.com||Investor Relations Email: email@example.com|
Bhang is committed to delivering exceptional sensory experiences to consumers at every point in their cannabis journey through its award-winning portfolio of brands. Bhang is a trusted cannabis house of brands with an extensive portfolio of over 100 cannabis, hemp-derived CBD and terpene products, including chocolates, pre-rolls, vapes, gums, beverages, gummies and mouth sprays, among others (which are sold through its licensees and/or by Bhang directly). Since 2010, Bhang has mastered the art of harnessing mutually-beneficial partnerships to bring safe, consistent and delicious products to consumers.
For more information please visit www.bhangnation.com.