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Laguna Blends Significantly Expands Distribution into Canada

Ryan Allway

March 2nd, 2017

News, Top News

The cannabidiol (“CBD”) industry is expected to reach between $2 billion and $3 billion in size by 2020, which has created an enormous opportunity for innovative companies in the space. Investors may want to take a look at these companies as a way to diversify away from cannabis-related investments that may entail greater regulatory risk.

In this article, we will take a closer look at Laguna Blends Inc. (CSE: LAG) (OTC Pink: LAGBF) and its plans to build a leading brand portfolio and distribution network in Canada.

Building a Leading Brand Portfolio

Laguna Blends signed an exclusive distribution agreement with Iso International LLC (“Isodiol”) on February 21, 2017. As a leading supplier, formulator, and manufacturer of pharmaceutical-grade cannabidiol (“CBD”) products, Isodiol will provide its experience in research, development, and manufacturing and offer all of its current products to the company on an exclusive basis in the Canadian marketplace.

“Securing the highest quality CBD products for Canada is a pivotal step in our North American growth strategy,” said Laguna Blends President & CEO Ray Grimm Jr. “Isodiol is the dominant leader in the formulation and manufacturing of CBD products in the U.S. and we are proud to align with the best of the best in the industry. I am confident Laguna will meet or exceed our projected sales goals now that we can offer all of Isodiol’s products.”

The Hemp Business Journal estimates that the CBD market could reach $2.1 billion in consumer sales by 2020 – a 700% increase from 2016 – with $450 million of those sales coming from hemp-based sources. GreenWave Advisors’ Matt Karnes is even more optimistic, saying that the market could reach nearly $3 billion by 2021. Canada could become a major market for hemp-based CBD products given the widespread acceptance of cannabis.

Jumpstarting Canadian Distribution

Laguna Blends announced a distribution agreement with a Canada-based distributor of CBD products on March 1, 2017. The distributor will have full control of the company’s portfolio, including the recently licensed Isodiol products, including beverages, edibles, oils, sprays, topicals, and crystalline categories. The distributor will have an initial minimum order of $250,000 with subsequent monthly order requirements.

“By securing this distribution channel, it allows us to really develop a strong footprint into the Canadian market,” said Mr. Grimm. “By leveraging our partner’s warehousing, logistics, and fulfillment capabilities, we are set to address fast growing sales on a national scale. The Canadian market has a rapidly increasing demand for such hemp-based CBD products and our high quality portfolio is quickly establishing itself as a market leading solution.”

The company plans on pursuing additional distribution agreements to expand its revenue over time and enter new markets. In addition to these agreements, the company markets its hemp-based product lines through its B2B network and online marketplace where it leverages affiliate partners to drive revenue growth. These channels could become increasingly valuable over the coming quarters as a growth driver for CBD sales.

Looking Ahead

Laguna Blends Inc. (CSE: LAG) (OTC Pink: LAGBF) has made tremendous strides over the past few weeks acquiring rights to distribute a leading CBD brand in Canada and establishing a distributor to jumpstart sales. With a market capitalization of under $3 million, investors may want to take a closer look at the stock given these near-term catalysts. The company could start generating meaningful revenue over the coming quarters.

For more information, visit the company’s website or CannabisFN’s company profile.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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