For The Earth Announces New State-of-the-Art CBD Extraction Facility in Oregon
26 Febbraio 2019 - 3:48PM
InvestorsHub NewsWire
For The Earth Announces New State-of-the-Art CBD Extraction
Facility in Oregon
PHOENIX, AZ -- February 26, 2019 -- InvestorsHub NewsWire -- For
The Earth Corporation (the “Company” or “FTEG”) (OTCMKTS: FTEG) is
excited to announce immediate plans for the establishment of a new
state-of-the-art CBD extraction and production facility to be
located in Eugene, OR. The facility will complement the Company’s
already-established retail CBD footprint, which includes mall
stores, mall kiosks, vending machines, and e-commerce storefronts,
with physical locations in both Las Vegas and New York City.
“We see For The Earth as an integrated CBD producer and retailer
in the making,” stated Nelson Grist, CEO of FTEG. “In more mature
industries, the value is in strategic partnerships and
collaboration, but CBD is a frontier industry – as is anything
related to cannabis right now. That means the lion’s share of the
value lies in getting the best deals up the supply chain. There’s
no better way to ensure the best possible pricing and dependability
into the storefront than to buy from yourself.”
Management notes that estimates for growth in the CBD space have
been sharply boosted by the signing of the 2018 Farm Bill into law,
with some research and analysis firms now anticipating well over
$20 billion in total CBD sales in North America over the next 3
years, representing more than a 20-fold increase from current
levels.
“We have a lot of faith in the end-demand projections for this
market because the vast majority of Americans haven’t discovered
CBD yet,” continued Mr. Grist. “As more and more do, this market
will suddenly seem vastly undersupplied, and we will have a direct
route from extraction facility to end market consumer with no
wildcards along the way. We love that positioning model and see a
clear path to making it happen. We are getting started on the
Eugene project and look forward to keeping our shareholders posted
as it progresses.”
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.
Press & Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.com
(626)
MJ-BRANDCorporate
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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