KELSEYVILLE, Calif., Feb. 12, 2018 (GLOBE NEWSWIRE) -- Vet Online Supply, Inc. (OTC PINK:VTNL) (the Company), announces today its exclusive agreement with a California distributor to place the company’s CBD Pet Products in California-licensed marijuana dispensaries.
Dan Rushford, CEO, stated, “Our Company has been negotiating with a California based company that has retail contracts with marijuana dispensaries in California. We have executed the first purchase order of $529,790 for 10,000 units of our CBD Pet Drops and 7,000 units of our CBD Pet Supplement Treats. The agreement allows exclusivity through February of 2020.”
Mr. Rushford further stated, “We are negotiating similar distribution rights with other companies in Washington, Colorado, and Oregon. The marijuana dispensaries are a target market for our CBD Pet products. We anticipate moving forward in this direction, and will work on shelving our Pet Performance Products with Pet Smart in the near future. These distribution channels provide projected revenues for this year of $5.1M.”
ABOUT VET ONLINE SUPPLY:
Vet Online Supply Inc. is a small US based online retail reseller of proprietary veterinary products. The goal of "Vet Online Supply" is to provide the $38B industry with value priced, superior quality products.
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.