LAS VEGAS, NV, Sept. 11, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIREÂ — 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 letter of intent (“LOI”) with Canbiola, Inc. (OTCMKTS:CANB) (“Canbiola”), a U.S. Company specializing in the sale of premium CBD-based products, for CANB to provide hemp extracted CBD for inclusion in our new line of CBD-infused alcoholic and non-alcoholic beverages, as well as CBD Chews, for sale in North America.
In line with a wave of recent strategic investments, the Company is convinced that the CBD-infused beverage market represents an enormous opportunity within the CBD and craft spirits twin booms.
“This has become the hottest new thing in terms of strategic investments,” commented ISBG CEO, Terry Williams. “Everyone is starting to see the same thing right now, and we deeply believe that a relationship between ISBG and Canbiola will allow us to set ourselves apart from our competitors.”
The LOI contemplates a process during which the two companies will hash out the precise details of a definitive agreement, whereby ISBG will draw upon its vast stores of knowledge and experience when it comes to taking a variety of ingredients and suppliers and producing a high-quality bottled beverage of complex composition with a branding advantage, and Canbiola will provide CBD in a form and through a process that integrates into that picture effectively.
Marco Alfonsi, Canbiola CEO, added, “The market for CBD and CBD related products is growing at an exceptional rate, fueled by consumers’ increasing awareness of the effects and benefits of CBD. Canbiola manufactures what I believe to be the finest proprietary CBD products on the market today, and I expect that quality to cross over to this new line of products. I look forward to this relationship and its vast potential.”
Additional details on the definitive agreement – once it is negotiated and entered between the parties – will follow.
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.globalÂ Â
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).
Contact: For Additional Investor Information: International Spirit & Beverage Group, Inc.email@example.com
Source: International Spirits and Beverage Co