Dallas, Texas- February 25, 2020) – GL Brands, Inc. (OTCQB: GRLB) (“the Company”) (www.glbrands.com) a global house of brands with focus on CBD and hemp consumer packaged goods based in Dallas, TX, is pleased to announce that its Green Lotus (www.greenlotushemp.com) has launched its proprietary, hemp CBD first-aid topical Restore to 2300 locations of what is currently the country’s largest pharmacy retail chain with nearly 10,000 locations in the U.S.
Restore hit shelves Saturday, February 22, 2020. Green Lotus execs and GRLB CEO Carlos Frias, are thrilled with a notable achievement here toward what Frias anticipates as “a windfall of opportunities for Restore and other products, including increased visibility and cultivation of consumer trust and loyalty for our brands.”
“We are honored to be on the shelves of one of the top retailers in the country and look forward to a long-standing relationship,” states Frias. “Partnering with a retailer of this size and reputation is a tremendous opportunity for the Company. We intend to capitalize on it with strategic marketing efforts that will enable us to capture market share by introducing effective products to a wide majority of consumers in a relatively short amount of time.”
VETERANS receive 25% off Green Lotus orders! Visit: https://greenlotushemp.com/veterans-program/
RECENT UPDATES:
GL Brands Announces Distribution Agreement with Imperial Distributors
About Green Lotus™:
Green Lotus™ Hemp is a premium hemp products brand that provides responsibly produced, natural cannabinoid-rich products to consumers and businesses. The brand is veteran-led and powered by a diverse team dedicated to promoting a world where the restorative power of hemp is accessible to all people. For more information, please visit https://greenlotushemp.com.
About GL Brands Inc.:
GL Brands is a global hemp consumer packaged goods company that creates authentic, enduring and culturally relevant brands engaged in the development and sale of cannabis-derived wellness products. Through its premier brands Green Lotus™ and Irie CBD, GL Brands delivers a full portfolio of hemp-derived CBD products, including tinctures, soft gels, gummies, sparkling beverages, vapes, flower and topical segments to promote greater wellness and balance, in the U.S. and throughout the world. For more information, please visit https://www.glbrands.com.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by phrases such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe GL Brand’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of GL Brand’s products and services, changes in relationships with third parties, and other factors described in GL Brand’s most recent periodic filings with the Securities and Exchange Commission. These risks and uncertainties include, without limitation, changes in general industry or regional market conditions; changes in consumer and customer preferences for our products; loss of business from increased competition; changes in strategic relationships; unfavorable fluctuations in currencies or interest rates in the regions in which we operate; changes in regulatory conditions; changes in tax laws; import and export duty and tariff rates in or with the countries with which we conduct business; and negative impact of any governmental investigations and associated litigations.
The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
Investor Contacts:
Matt Bartlett COO GL Brands Investor Relations ir@glbrands.com 707-535-6846
Press Release provided by OTC PR Wire, e-mail: cs@otcprwire.com
