1933 Industries Inc. (OTCMKTS:TGIFF) has announced that it entered a distribution agreement with CBD Plus for its Canna Hemp™ product line. CBD Plus is the most trusted and largest supplier of CBD products in the US.
1933 Industries partners with CBD Plus
The company announced that Infused MFG, its wholly-owned subsidiary, and MCV Enterprises LLC have entered a Master Services and Supply Agreement for marketing and sale of Canna Hemp™ products. MCV Enterprises is an Oklahoma-based company that conducts business as CBD Plus and CBD Plus the USA. It will offer the Canna Hemp™ products at the corporate-owned and franchisee CBD Plus physical retail locations. This is a one-year deal that includes a trial period of 45 days effective immediately.
It is important to note that CBD Plus focuses on the Southern and Midwest US with around 120 locations. The supplier has been growing operations in Kansas, Oklahoma, Texas, Georgia, Florida, Tennessee, Arkansas, Maryland, and North Carolina. The collaboration with CBD Plus is a huge milestone for 1933 Industries in its path of building the Canna Hemp™ product line in the US. The US market is a potential CBD market, and Brightfield Group estimates that CBD sales in the US will hit $12.4 billion by 2023 and around $16.4 billion by 2025.
1933 Industries to use the partnership to create awareness
1933 Industries’ president Eugene Ruiz said the CBD Plus is a reputable source of legal, safe, and affordable CBD products meeting high industry standards. He said that they are delighted that the Canna Hemp™ product line meets and exceeds these high industry standards, and they are looking forward to the partnership to increase awareness and education of CBD’s benefits and values.
Charles Reynolds III, the CEO of CBD plus, said that the company and its family of franchisees are delighted to announce the partnership with 1933 Industries. He said that they are looking forward to introducing Canna Hemp™ products to customers across the nation. Reynolds added that the partnership with a brand such as Canna Hemp™ shares values of CBD Plus.