Drink Fresh CBD, LLC, a subsidiary of NewLeaf Brands Inc (OTCMKTS:NLBIF), has completed the supply of Premium CBD Water Bottles to Colorado-based largest night club. Each 16.9 fluid ounce bottle comprises 5mg of non-amplified CBD.
Ingredients in premium CBD water
Drink Fresh now offers Premium CBD Water in a sleek 12 fluid ounce bottle. Its ingredients include 25 mg of CBD, electrolyte infused alkaline water. It is high in PH.
Chief Marketing Officer of NewLeaf, Benjamin Martch, said the company signed distribution pacts with firms, which are engaged in the distribution of beverages to various suppliers. It has switched to an aluminum bottle from the plastic bottle as an environment substitute.
New sales and revenue initiative for 2020
NewLeaf announced a new sales and revenue initiative for this year. As part of this initiative, its management team is forming sales teams in various states that include the state of Colorado, the US. The company has generated new sales leads since the formation of sales teams in the Colorado State in February 2020.
It has set a weekly goal of five brick and mortar locations and hired 12 experienced sales executives. They have attracted new retail clients in the THC/ CBD space. Commenting on the development, Benjamin said the company is developing a platform of products/ infrastructure to support the new sales initiative and generate more revenues. He is excited to develop a retail presence with the help of a new sales team.
New online market place – The Hemp Stand
NewsLeaf has introduced a new market place called The Hemp Stand, which will feature THC free distillate, hemp flower, isolate, hemp clothing, hemp pre-rolls, and other products.
Signs LOI to acquire a 37.5% stake in Trellis Holdings
NewLeaf has signed a letter of intent with Trellis Holdings to acquire a 37.5% stake. The company will purchase all of the outstanding and issued shares of Trellis to David Joshua Bartch and Benjamin Martch that amounts to a 37.5% stake. As per the terms of the deal, NewLeaf will issue 28 million common shares worth $2.25 million to Trellis. The company considered the closing price of the shares as on February 4, 2020, for the deal.