Laguna Blends (LAGBF) Launches New Shots & Closes in on Carlsbad Deal (Plus New CEO Interview)
January 9th, 2017
Laguna Blends Inc. (OTC Pink: LAGBF), a leading distributor and marketer of hemp and cannabidiol (CBD) products, recently announced the launch of new ‘shot’ products and intends to close its acquisition of Carlsbad Naturals in the next couple of weeks. These events represent important catalysts that investors should watch over the coming quarters since they could drive significant long-term shareholder value.
Newly appointed CEO Ray Grimm, Jr. recently discussed the company’s progress and future potential in an exclusive interview with CFN Media:
In this article, we will look at these two catalysts and why investors may want to take a closer look at the stock.
New Product Launches
Laguna Blends recently acquired distribution rights from ISO International LLC to promote and distribute its NanoZZZ and Amp’d Up ‘shot’ products containing Heneplex – a full-spectrum hemp essential oil complex that contains naturally-occurring phytocannabinoids and botanical terpenes. NanoZZZ is designed to promote sleep, while Amp’d Up is designed as an energy shot product. Both products can be purchased in the Laguna Shopping Cart.
The energy shots add to the company’s growing product line-up that contains skincare products, dietary supplements, and functional beverages. By harnessing the power of hemp and CBD, these products capitalize on growing consumer demand for cannabinoid-containing products that can help repair and enhance the body. ProjectCBD, for instance, estimates that cannabinoids could be beneficial in over 50 medical conditions.
During the quarter ended September 30, 2016, the company generated more than $75,000 in revenue despite only having launched in March. The new product launches and distribution agreement with ISO International LLC (www.isodiol.com) could help accelerate revenue moving into the first and second quarters of 2017. Investors should keep an eye on the company’s SEDAR filings to track revenue in the fourth quarter and beyond.
Carlsbad Acquisition Imminent
Laguna Blends and Carlsbad Naturals LLC (CBD Naturals) had a letter of intent that expired on December 31, 2016, but the company announced that a new agreement was being finalized and would be ready prior to January 13, 2017. The deal will give the company access to a CBD infused bottled water product that was developed by a team of doctors that leveraged cutting-edge science to deliver nutrients and hydration in an effective way.
The products rely on nanotechnology to encase CBD within water molecules to make them instantly bioavailable to the body. According to its website, CBD water provides anti-oxidants on a cellular level, provides a vitamin and mineral boost directly to cells, provides cellular hydration and energy, and supports the immune system. CBDs have also been tied to several other potential benefits in rapidly evolving research on the cannabinoid.
In addition to CBD Naturals’ bottled water, the company has already developed functional beverages in other areas. Its ‘Caffe’ Protein Coffee was developed with PNP Pharmaceuticals with hemp-based ingredients, while its PRO369 hemp protein single serve drink mixes were developed with Naturally Splendid Enterprises Ltd. These products were launched in March and generated significant revenue during their first 11 weeks, according to company press releases.
Laguna Blends Inc. (OTC Pink: LAGBF) has made tremendous progress over the past year with partnerships and product launches. With sales efforts gearing up, investors may want to take a closer look at the stock sooner rather than later.
For more information, visit the company’s website at www.lagunablends.com.
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