Orchid Ventures Enters Into Sales Agreement With Landrace, LLC and Expands Into Northern California
November 17th, 2020
News, Top News
VANCOUVER, WA / ACCESSWIRE / November 16, 2020 / ORCHID VENTURES, INC. (CSE:ORCD)(OTC PINK:ORVRF) (the “Company” or “Orchid“), a multi-state cannabis innovation company, is pleased to announce the entering of a Sales and Distribution agreement with Landrace, LLC to handle all sales and field activities in the state of California.
Orchid is excited to announce it has partnered with Landrace Distribution to handle all field sales support for the California market. The Landrace team is a highly experienced group of sales professionals with years of experience selling into the Cannabis marketplace. They come to Orchid with a strong understanding of how to achieve success in a highly regulated and complicated retail marketplace while consistently providing a top-quality purchasing experience for their retail customers. This partnership has allowed for statewide expansion of Orchid products with the day-to-day field sales support from Landrace Distribution.
Since engaging with Landrace Distribution, Orchid has seen a significant increase in sales within current partner locations as well as strong growth in the total number of points of distribution throughout the state, which has been achieved through tailored promotional activities and a consistent field presence.
“As we continue to evolve as an organization, we constantly look for ways to better service our loyal retail partners with high-quality products and a customized approach to customer service. It was important for us to find a partner that shares this same dedication and focus, which makes our partnership with Landrace Distribution seamless. They clearly have the dedication and track record in providing exceptional sales, merchandising and promotional support to brands in California. We feel confident that the team at Landrace will provide Orchid with a high level of retail sales support as we continue to build our brand franchise.” says Luke Hemphill, Chief Revenue Officer of Orchid Ventures.
“Landrace is honored to represent Orchid Essentials’ best-in-class cannabis products in the California market. Landrace will help establish category leadership for Orchid’s products through innovative brand activation, budtender education, and local community engagement programs. Having some of the best vape hardware and formulations available today, Orchid is thoughtfully aligned with consumers who care about the products they use. With emissions testing to AFNOR standards, Orchid boasts to be one of the safest vape options available in the cannabis industry. We warmly welcome Orchid Essentials into the Landrace brand family.” says Scott Norviel, CEO & Founder of Landrace Distribution.
ABOUT ORCHID ESSENTIALS
Orchid Essentials is an Irvine, CA-based cannabis innovation company, that launched in Oregon and California in August 2017 and has since developed a mass-market brand and loyal consumer following with its premium cannabis products and unique vape hardware delivery system. Since July 2019, Orchid has diversified its efforts and has brought to market innovative services and product offerings to support brands throughout the global cannabis industry. Orchid has diversified its portfolio to include PurTec Delivery Systems, a company that produces, markets and sells clean vaporizer hardware that has been emissions tested against the most stringent standards in the world set forth by the EU and has unrivaled product quality and value pricing. Orchid, through its wholly-owned subsidiary, has launched a patented and clinically proven bioavailability solution to increase the absorption of THC and other cannabinoids making products much more effective and an activation time of less than ten minutes. With a continued focus on brand and intellectual property development, Orchid will continue to create new and innovative products and technologies, then bring them to the global cannabis marketplace and set the gold standard for delivery systems whether it’s vape or formulation sciences. Orchid’s management brings significant branding, product development and distribution experience with a proven track record of scaling businesses and building sustainable revenue growth through value-generating partnerships and innovation that creates enterprise value. Learn more at https://orchidessentials.com/
ON BEHALF OF THE BOARD OF DIRECTORS – ORCHID VENTURES, INC.
CEO and Director
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Safe Harbor Statement
Except for historical information contained herein, statements in this release may be forward-looking and made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to Orchid Ventures, Inc. and Orchid Essentials any of its affiliates or subsidiaries (collectively, the “Company”) or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the Company’s Canadian securities regulatory filings with sedar.com, Factors which could cause actual results to differ materially from these forward-looking statements include such factors as (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses, (iv) the ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of our products and services, (v) the Company’s ability to conduct the business if there are changes in laws, regulations, or government policies related to cannabis, (vi) management’s ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, and (vii) other information that may be detailed from time to time in the Company’s Canadian securities regulatory filings with sedar.com. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Orchid Ventures, Inc.
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