For The Earth Corporation Issues Shareholder Letter on Transition Into Vertically Integrated CBD Model
26 Febbraio 2019 - 12:38AM
InvestorsHub NewsWire
PHOENIX, AZ -- February 25, 2019 -- InvestorsHub NewsWire
-- For The Earth Corporation (the “Company” or “FTEG”) (OTCMKTS:
FTEG) issues the following Letter to Shareholders from the CEO:
Dear Valued Shareholder,
As we continue to manage our transition into the CBD space, we
would like to start by thanking our committed shareholders for
sticking with us as we navigate the final stages of this
process.
Our vision matches up with our financial reality and our market
opportunity analysis in a very compelling manner, and we couldn’t
be more excited as we look ahead at coming quarters. Today, I would
like to outline that vision, what we are doing about it, and how we
plan to frame that message to the marketplace.
The CBD market is expected to grow by enormous multiples over
the next three years. According to our analysis, we can maximize
our shareholders’ ability to benefit from that growth as it
blossoms by establishing ourselves as an integrated vertical CBD
organization now.
As our recent press releases demonstrate, we have already begun
to carve out our retail footprint by establishing a variety of
transaction points with the end market consumer, including mall
stores, mall kiosks, vending machines, and e-commerce storefronts,
with physical locations in both Las Vegas and New York City, where
our research suggests there is already a high ratio of
knowledgeable consumers interested in CBD products.
On the other side of the equation, we also plan to put in place
our own production process, which is an essential piece of the
puzzle for an integrated go-to-market CBD model. Expect many
related details to be released over the coming period.
We are also very focused on communicating our story to the
market effectively. As such, we would like to announce our new
expanded shareholder communications initiative. We believe this
move will powerfully benefit both Company shareholders and Company
management.
As we prepare to significantly ramp up operations, we understand
this implies a duty to our shareholders to ensure both transparency
and visibility are elevated correspondingly. We have a great story
in the making, and so we have a responsibility to communicate that
story to our shareholders and the wider investment community.
In part, this initiative comes in response to an increase in
shareholder and public requests for more details about our
operations and objectives following recent Company
accomplishments.
However, in addition to fulfilling these requests and our duty
to support full transparency, this initiative will also consist of
a proactive media and messaging outreach that will include a broad
array of digital and non-digital communications strategies. To that
end, the Company has engaged EHC Branding Agency
(ehcbrandingagency.com) as a partner to assist in this process.
Finally, we filed Form 1-A with the Securities and Exchange
Commission to make a Securities offering under Regulation A earlier
this year. As an update, this measure not been approved as of yet,
and the Company is currently not doing any offerings of any
kind.
We will certainly notify shareholders of changes to the status
of this filing as soon as we have more information. But, at
present, our float remains at 1.021 billion shares, and our focus
remains on maximizing shareholder value and not on diluting our
shareholders.
The bottom line is this: we recognize our responsibility to
sufficiently ensure that current and prospective FTEG shareholders
have access to any and all information necessary to make informed
decisions as we navigate the final steps of what we believe will be
a powerful and exciting transition toward greater value for our
shareholders, our team, and our customers.
Warmest Regards,
Nelson Grist, CEO
About For The Earth Corporation
For The Earth Corporation is an emerging integrated CBD producer
and retailer in the United States. The Company is in the process of
establishing a vertical framework that will extend from cultivation
to extraction and production to a strategic retail footprint that
includes multiple locations in Las Vegas and New York featuring
mall kiosks, vending machines, e-commerce, and full store locations
serving both the human and pet CBD markets. Two mall leases have
been signed recently in Las Vegas, with another vending machine
location secured in New York City. The Company plans to expand its
New York vending machine penetration by the end of 2019. In
addition, the Company has begun early-stage work to establish a
state-of-the-art CBD extraction and production facility in Eugene,
OR.
Forward-Looking Statements
Except for the historical information contained herein, the
matters discussed in this press release are forward-looking
statements. Actual results may differ materially from those
described in forward-looking statements and are subject to risks
and uncertainties. See For The Earth’s filings with OTC Markets,
which may identify specific factors that may cause actual results
or events to differ materially from those described in the
forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are
based on certain assumptions and reflect management's current
expectations. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of
these factors include: general global economic conditions; general
industry and market conditions, sector changes and growth rates;
uncertainty as to whether our strategies and business plans will
yield the expected benefits; increasing competition; availability
and cost of capital; the ability to identify and develop and
achieve commercial success; the level of expenditures necessary to
maintain and improve the quality of services; changes in the
economy; changes in laws and regulations, including codes and
standards, intellectual property rights, and tax matters; or other
matters not anticipated; our ability to secure and maintain
strategic relationships and distribution agreements. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Source: For The Earth Corp.
Press & Media Inquiries:
EHC Branding
AgencyInfo@EHCBrandingAgency.com
(626) MJ-BRAND
Corporate Contact:
For The Earth Corporation
20 East Thomas Rd.
Phoenix, AZ 85012
USA
Contact: Nelson Grist
Telephone: 602 502-0602
Email: infofteg@gmail.com
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