$ISBG Enters Premium CBD Marketplace Through Production and Distribution Agreement with Canbiola $CANB
LAS VEGAS, NV, Oct. 11, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG” or the “Company”),a top-tier brand incubator in the Global Wine & Spirits market, is excited to announce that it has signed a Production and Distribution (the “Agreement”) with Canbiola, Inc. (OTCMKTS: CANB) (“Canbiola”), a U.S. Company specializing in the sale of premium CBD-based products. The Agreement provides for CANB to produce, package and distribute the Company’s new line of CBD infused fruit chews and non-alcoholic beverages (the “Products”).
“Analysts and experts are anticipating truly eye-popping growth in the CBD products space over coming years,” commented ISBG CEO, Terry Williams. “With our existing infrastructure and downstream branding and marketing experience, we will be positioned to quickly battle for significant market share in that boom.”
According to the terms of the Agreement, CANB will manufacture the Products on the Company’s behalf according to the Company’s specifications. CANB may also distribute the Products on the Company’s behalf.
Marco Alfonsi, CEO of Canbiola, stated, “I am excited to cultivate this new relationship. I believe ISGB’s CBD chews and infused beverages would do well in the current market environment and I am excited to see what ISBG develops.”
About Canbiola: Canbiola, Inc. is a public company trading under symbol CANB. Canbiola, Inc. is a US Company embarking in the sale of a variety of Cannabidiol (CBD) based products. Canbiola is in the process of developing its own line of proprietary products as well as seeking synergistic value through acquisitions in the CBD and the medical cannabis industry. CANB has already launched several products found at www.canbiola.com. Cannabis (and its derivatives) is currently federally illegal and has legalized for medical or recreational purposes in some form in a limited number of states. CANB also owns two technological solutions, WRAPmail (US Patent 8,572,275), which turns traditional email into a powerful marketing and branding tool, as well Prosperity Systems and the Bullseye platform of document management and compliance targeted at broker-dealers, public companies, and governmental agencies providing a flawless all-in-one solution for document management, retention and compliance.
About ISBG: ISBG is a Nevada-based alcoholic beverage company specializing in the development, marketing and global sales of innovative wine and spirits brands. The Company's expertise lies in the strategic development and aggressive early growth of its brands and establishing these brands as viable and profitable. ISBG intends to build its own brands while seeking out individual acquisition candidates to continue to develop its pipeline of new brands into the ISBG portfolio. For more information visit: www.isbg.global
Forward Looking Statements: This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).
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