Cartel Blue, Inc. & Cartel, Inc. one Delaware Corporation, founded in 1998 are merging. (MA)
CARLSBAD, Calif., May 13, 2021 (GLOBE NEWSWIRE) -- Cartel Blue, Inc. (OTC PINK: CRTL) the first and only hemp Apparel Company Listed on the Major Marijuana | Hemp Stock Index is now Merging with Cartel, Inc. that offers Hydroponic Hemp Cigars.
Our launch after the legalization of Mexico on March 10, 2021, Trade marks in Mexico are approved. Cartel accessories, cartel cultivation and our line of hemp-hip-hop clothing Cartel Blue. Cartel has purchase orders of our ‘’Premiere Hemp Cigars’’, for delivery on June 15TH , under all Mexico licensing guidelines.
The International Law Firm Procopio was retained to assist in the Blue Cartel, Inc. and Cartel, Inc. Merger and Acquisition. With the merger, Cartel Blue announces retired judge
Phillip Larocca as PRESIDENT and Philip Moreb as CEO. Cartel Blue, Inc., new Fixed Base Operations (FBO) offices are located in Carlsbad, California, on the runway of Palomar Airport to better serve our global distributors.
Cartel Blue, Inc. now offers pure hemp hydroponics - grown, rolled and sold, here in the USA, and in Mexico. Cartel Blue, Inc. continues to offer Hemp Clothing now in collaboration with several designers which will be unveiled in their summer hemp clothing 2021 collection. The manufacturing with the hemp clothing line is being manufactured in Denver Colorado. Philip Moreb C.E.O. has plans to move manufacturing and distribution to Mexico.
Hemp is now legal to grow in the United States since the passage of the 2018/2019 Agricultural Act bill along with California State Farms Bill 0.3 and the U.S. Transit Bill 0.2, The Mexico Transit Bill. When the merger is over, Cartel Blue, Inc. is about to be the leader of Hemp Cigars. The outer skin of cigars is all-natural hemp paper, along with hydroponic inner hemp, and is specifically selected to make it taste like no other.
The demand for premium hemp cigars has been validated. Mr. Larocca and Mr. Moreb have tested the market and found overwhelming demand for hydroponic cigars. Current market evaluation determined the demand to be multi-millions of cigars annually.
Mr. Larocca and Mr. Moreb bring decades of business experience to Cartel Blue, Inc. Mr. Moreb brings 30 plus year career in growing young companies by selling products and services to fortune 500 companies with well-known entities such as Wynn Hotels, Marriott Hotels and UPS Corporate. His success with the release of designer Christian Audigier and Don Ed Hardy launch went worldwide with distribution. Mr. Larocca brings 50 years of legal experience working for the Riverside County District Attorney's office, with 20 years as a judge on the bench and as an Associate Professor at Chapman University.
What comes next?
We'll have another press release in a few weeks. Stay tuned.
For information about capitalization and corporate data, see www.otcmarkets.com
About Cartel Blue, Inc. (OTC PINK: CRTL.) and go to cartelscigars.com
Cartel Blue, Inc. (OTC PINK: CRTL) is listed on the Marijuana Index and its Stock Universe is the go-to stock index for marijuana and hemp sector investors. The Marijuana Stock Universe is a searchable database, of all marijuana and hemp stocks. Companies are required to have a material involvement in the marijuana or hemp industry. In addition, companies must have filed financial statements in the last year, and must maintain a minimum average daily trading volume. 2020, legal market sales are expected to surpass a multi-billion-dollar industry, and investors are looking to place their funds into marijuana/hemp investments or ancillary products.
Safe Harbor disclaimer
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Cartel Blue, Inc. To materially different from the statements made herein.
For Additional Information,
Please contact us at:
Cartel Blue, Inc.
Investor relations
310-955-0099
email: philip@cartelscigars.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f774ecf-f897-4cf9-89b3-87b515ea4ef6