Can B Corp (OTCQB: CANB) (“Can B Corp” or the “Company”), a diversified health and wellness company would like to update shareholders about the status of the Company during these unprecedented times. Can B Corp, like most service and product companies, has been directly affected by the COVID-19 pandemic. We are pleased to announce the Company has received funding under the Paycheck Protection Program (PPP) of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to help close the gap in lost revenues. Our employees remain available to return to work once the applicable federal, state, and local authorities announce it is safe to do so, and we intend to gradually reach and maintain a fully operational status. In the interim, the entire executive team has agreed to a 50% or greater salary cut while we work our way back into full engagement and production. The core production staff and executive team continue to develop opportunities and fulfill orders as allowable by the applicable guidelines, and the sales and marketing teams are fully sequestered, yet virtually engaged in product planning and roll-out.
The Company is actively taking online orders for our full line of CBD products and shipments have been executed in a timely manner to all our customers, while adhering to strict sanitary protocols and guidelines. The leading analytics firm for the CBD Industry, the Brightfield Group, has recently reported a significant increase in e-commerce sales for CBD products during the latest reporting period. The number one reported reason for the increase of CBD use was dealing with anxiety, which seems to be an unintended by-product of the pandemic.
As our country, state, counties, and towns begin to reopen, our Company will provide updates on all of our operating divisions. The company remains vigilant, committed to success, and motivated to deliver shareholder value.
CEO Marco Alfonsi commented, “I want to thank all of our employees, vendors, and shareholders for the patience and support shown during these difficult times. I remain optimistic and undeterred that we will put forward another record year of growth. I believe in our company and our people. We continue to work every day and look forward to having everyone back in the saddle as soon as possible. Please know that we are here for our customers and committed to continued progress and success.”
Visit our product websites at www.canbiola.com, www.pureleafoil.com, or www.sevenchakrasllc.com and receive free shipping on all orders and 10% off until May 31st.