PHOENIX, AZ, March 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- For The Earth Corporation (the “Company” or “FTEG”) (OTCMKTS: FTEG), an emerging vertically integrated CBD producer and retailer, is excited to announce the opening of the Company’s primary distribution facility in Phoenix, AZ. The 2,450 square foot facility will officially open for business on April 1, 2019, and act as the principal hub for the Company’s product logistics going forward.
“This facility will powerfully augment our efficiency as a vertically integrated player in the space,” noted FTEG CEO Nelson Grist. “Everything will move efficiently through this hub. We love the location, with so much of the addressable market nearby. According to our analysis, the California CBD market will remain the leading growth driver in the space, with the western US region collectively powering the industry’s growth in the years ahead.”
Management notes that the facility has sufficient space to store inventory levels that will allow the logistical flexibility to smoothly meet demand without delays or perishability risk. The facility will also have a small fulfillment production module for product samples and minor orders as well as a testing lab to ensure product quality and composition.
At present, the facility will house and circulate all of the Company’s diverse products, including its CBD Topicals line (Day Cream, Night Cream, Face Serum, Eye Serum, and Face Mask), its mint CBD tincture oil, its line of CBD softgels, its CBD vaping line, its CBD pet product line, and its line of non-toxic, nanotech-based Clean Life bacteria-elimination cleaning products.
“As we see it, it will pay to be vertical and efficient, and build the most trusted brand,” continued Mr. Grist. “The CBD space is expected to explode over the next 24-36 months, with some research and analysis firms now anticipating well over a twenty-fold increase from current levels in that time to more than $20 billion in sales. We are building a brand based on purity and integrity. The only way to pull that off is to know exactly what you are selling, and to convince your end-market of that same idea. That necessitates a vertical organization, and this new distribution hub is a major piece of that puzzle.”
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.