$LAGBF big news out! Laguna Signs Exclusive Agree
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Laguna Signs Exclusive Agreement to Distribute Swiss-Made CBD Skin Care Products
KELOWNA, BC -- (Marketwired) -- 08/09/16 -- Laguna Blends Inc. (CSE: LAG) (OTC: LAGBF) (FRANKFURT: LB6A.F) (the "Company" or "Laguna", a network marketing company, has signed a distribution agreement with ISO International, LLC, a transaction under which Laguna has acquired the exclusive right to market, promote and distribute seven CBD skin care products of CannaCeuticals of California, USA ("Canna".
Canna is a Swiss heritage brand utilizing cosmeceutical-grade cannabidiol (CBD) for its line of revolutionary skincare products. In a recent study of Canna's CBD face serum, test subjects reported a 100% overall improvement to the appearance of skin within two weeks. Additionally, more than 80% of test subjects said they would purchase the Canna serum product if it was available for purchase.
With this previously announced agreement now finalized, Laguna will leverage its affiliate marketing network to sell Canna products in the USA and pending regulatory approval, Laguna will also market the products in Canada, Asia, Europe and Mexico.
"We are excited to announce the closing of this transaction, which firmly roots Laguna in the $121 billion global skin care industry," says Laguna CEO Stuart Gray. "The pairing of our rapidly growing affiliate network with a revolutionary and clinically proven product line creates a powerful opportunity of growth and expansion."
Mr. Ray Grimm Jr., President of Laguna Blends Inc., stated, "Over the past three weeks Laguna has sent samples of the Cannaceutical skin care products to some select affiliates and within 3-7 days we received some overwhelmingly positive feedback. Women are noticing changes in skin texture and skin tone and are eager for the skin care line to become available for purchase. Our goal is to have this product available before the end of September 2016."
Per the agreement, Laguna will pay a one-time license fee of $100,000 US. Additionally, during the first two years of the initial term, Laguna will place a minimum purchase order of $1.5 million US of product priced at wholesale.
What is Cannabidiol Cannabidiol (CBD) is a non-psychoactive cannabinoid found in abundance in the hemp plant. Hemp genetics are naturally rich in cannabidiol as well as other non-psychoactive cannabinoids and phytochemicals. Cannabidiol, and all the other cannabinoids in the cannabis plant, were patented by the United States Government in 2003 as neuroprotectants and antioxidants.
None of the statements contained in this news release are health claims and the FDA has not evaluated these claims. Laguna's products and proposed products are not intended to diagnose, treat, cure or prevent any disease.
About CannaCeuticals CannaCeuticals Swiss heritage is at the core of Canna's revolutionary skincare products. Its pure, cosmeceutical-grade CBD extract hails from the crisp, clean air of Switzerland, but Canna's heritage goes much further than that. Swiss culture is known for its precision and perfectionism, and CannaCeuticals radiates that same standard in every formula it produces. Canna's team of formulators are made up of chemists and product developers that analyze every detail, sourcing ingredients from all ends of the earth to create the most balanced, highly efficacious, anti-aging CBD skincare products in the world.
CannaCeuticals CBD7 anti-aging skincare products incorporate cannabidiol (CBD), a superior antioxidant and a potential anti-inflammatory agent, both of which are significant in anti-aging. Canna's Swiss heritage influences a sense of unity in its products, and it combines CBD with other essential anti-aging ingredients to create formulas that pack a powerful punch
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