PHOENIX, AZ, March 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – For The Earth Corporation (the “Company”) (OTC: FTEG) is excited to provide acquisition update.
Acquisitions Update:
“I would like to comment on the latest announcement regarding For The Earth’s acquisition of the Chow brand. As we all know, when one company acquires another (or when a company is only acquiring another companies brand name), there is always apprehension from both parties. After the agreement was signed, I decided it wasn’t the right fit for FTEG. The number of vending machines that Vliso’s management team wanted to launch {in 2019} was extremely aggressive. This in turn would not allow for other acquisitions, development of new products, and marketing campaigns. It would not support FTEG in creating strong revenues and would have forced our focus from long term shareholder value. “We will concentrate efforts on the launch of our Las Vegas vending machines, kiosks and inline retail store,” said Nelson Grist, President and CEO of For The Earth Corporation. “Vlsio is a great startup company, with great a management team who are young and highly skilled, I wish them well!”
If you have any questions, please send an email to the FTEG Investment Team.
infofteg@gmail.com
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, 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 reflects 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.