Cannabis Global and KRTL International Corp. Announce Exclusive Distribution Agreement for Huella Singani
Cannabis Global and KRTL International Corp. have announced an exclusive distribution agreement for Huella Singani in California. CBGL will be the exclusive distributor of Huella Singani in California. The agreement includes territories in the United States, Canada, Mexico, Colombia, Dominican Republic, and Jamaica. Huella Singani is a Bolivian spirit made from grapes and infused with coca leaf extract. The companies are focused on bringing innovative beverages to the US market.
Positive
Cannabis Global and KRTL International Corp. have entered into an exclusive distribution agreement for Huella Singani in California. This partnership will allow CBGL to be the exclusive distributor of Huella Singani in California, which could lead to increased sales and market share for CBGL in the cannabis sector. The agreement also includes territories in the United States, Canada, Mexico, Colombia, Dominican Republic, and Jamaica, providing CBGL with potential expansion opportunities. Huella Singani's unique infusion of coca leaf extract could attract consumer interest and differentiate it from other spirits in the market. The company's commitment to sustainability and use of ecological practices may resonate with environmentally-conscious consumers, potentially boosting its brand image and customer loyalty.
05/02/2023 - 09:30 AM
LOS ANGELES, May 02, 2023 (GLOBE NEWSWIRE) -- Cannabis Global, Inc. (OTC PINK: CBGL), a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, and KRTL International Corp., today announced, an exclusive distribution agreement for Huella Singani in California. Under the terms of the agreement, CBGL will partner with KRTL to be the exclusive distributor of Huella Singani in California.
KRTL International Corp., a wholly owned subsidiary of KRTL Holding Group, Inc . (OTC PINK: KRTL), has entered into an exclusive distribution agreement in which KRTL International Corp. can license a uniquely exclusive drink from Bolivia, Huella Singani . The territories include United States, Canada, Mexico, Colombia, Dominican Republic, and Jamaica.
Singani is a Bolivian spirit distilled from white Muscat of the Alexandria grapes grown in the Bolivian Andes. It is the country’s national distilled spirit and is considered part of its cultural patrimony. Huella is the first singani company in Bolivia to have successfully infused a non-psychoactive extract of the coca leaf into singani. Coca extract has been shown to have a variety of health benefits, including improved cognitive function, increased energy levels, and reduced inflammation. Huella Singani is committed to sustainability and nature. Huella’s process is 100% ecological down to bottles that are made from 100% recycled ecological glass.
KRTL International has fostered multiple relationships in Bolivia and has scheduled trip back to Bolivia and Chile in the month of May. We are using this trip to further our international business activity. Together with CBGL, KRTL is excited, and committed to bringing innovative beverages to the US. The company is focused on the introduction, logistics and planning process involving this commemorative event.
“CBGL has taken multiple steps in its restructuring program by cancelling significant debt without taking on additional debt or equity financing to further strengthen its position and effectively bring intrinsic value to this venture,” said Edward Manolos, CEO of Cannabis Global, Inc. “We are happy to report that the Company has maintained its current reporting with OTC Markets and is continuing in its efforts to complete the Company audit needed to once again become and SEC reporting company.”
“Huella Singani embodies a rich culture from Bolivia. We are very excited to be the first to introduce it to the North American and Caribbean markets,” said Nick Coss, Spirits Marketing & Logistics for KRTL International Corp.
About KRTL International Corp.
KRTL International Corp ., a wholly owned subsidiary of KRTL Holding Group Inc . (OTC PINK: KRTL), is an organization focused on green technology. In addition, KRTL International is a consulting and distribution company focused on technology and innovations to help greater profitability, social governance, and environmental outcomes to increase and support the 2030 Agenda . This will contribute to improved production, nutritional quality, storage stability, food security, social equity, smart cities, technological advancement for sustainability and much more.
About Cannabis Global, Inc.
Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the OTC Markets Group, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.
Forward-Looking Statements
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", "intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time to time with the Securities and Exchange Commission and OTC Markets.
Corporate contact:IR@cannabisglobalinc.com
What is the exclusive distribution agreement between Cannabis Global and KRTL International Corp. for?
The exclusive distribution agreement is for Huella Singani, a Bolivian spirit, in California and other territories. CBGL will be the exclusive distributor of Huella Singani in California.
What is Huella Singani made from?
Huella Singani is made from white Muscat of the Alexandria grapes grown in the Bolivian Andes and infused with a non-psychoactive extract of the coca leaf.
What are the potential benefits of Huella Singani's infusion of coca leaf extract?
The coca leaf extract in Huella Singani has been shown to have a variety of health benefits, including improved cognitive function, increased energy levels, and reduced inflammation.
What makes Huella Singani unique?
Huella Singani stands out from other spirits in the market due to its infusion of coca leaf extract, which is a unique feature that could attract consumer interest.
What is the potential impact of the exclusive distribution agreement on CBGL's stock price?
The exclusive distribution agreement could positively impact CBGL's stock price by potentially increasing sales and market share in the cannabis sector, as well as providing expansion opportunities in multiple territories.
