CARLSBAD, Calif., Oct. 17, 2016 /PRNewswire/ -- Isodiol, the Southern California-based hemp cannabinoid innovator, is proud to announce that the Company's raw ingredient, nano-amplified cannabidiol (CBD) from hemp, has fueled a Letter of Intent (LOI) between Laguna Blends Inc. (Laguna Blends) and Carlsbad Naturals, LLC, dba CBD Naturals. The acquisition by Laguna Blends is for 60% equity interest and marketing rights for CBD Naturals and VitaDots brands. The transaction is valued at $1.8 MM USD.
"Isodiol's proprietary technology allows us to create unique water soluble hemp CBD finished products," states Jared Berry, CEO of Isodiol. "We are honored to supply nano-amplified hemp CBD to fulfill growing global demand of hemp products through Laguna Blends."
Mr. Stuart Gray, Laguna's CEO said, "With the growing awareness and market demand of CBD worldwide Laguna is positioning itself to be a market leader in the sale of CBD bottled water. In addition to the current sales growth of Carlsbad, Laguna can generate CBD water sales through its existing affiliates in the USA and Canada. Laguna currently is in discussions internationally with wholesale distributors regarding Carlsbad white label opportunities."
Mr. Ray Grimm, Laguna's President, stated, "The partnership with Carlsbad firmly solidifies Laguna as a unique player in the crowded multibillion dollar bottled water industry. The team of Doctors that formulated the Carlsbad water did so with the sole purpose of creating a high alkaline water offering the benefits of CBD. Many believe this to be the next evolution in the water industry, providing unique health benefits due to the proprietary nanotechnology. Carlsbad CBD water provides antioxidants at the cellular level along with providing cellular hydration and energy."
The LOI grants Laguna Blends rights to market CBD Naturals nano-amplified hemp CBD bottled water in the USA (non-exclusive) and extends exclusivity in countries including: Canada, Germany, Japan, India, South Korea, and Thailand. Laguna Blends will have the ability to negotiate the transfer of marketing rights and/or white label CBD water rights in these regions.
Laguna Blends will hold exclusive network marketing rights for VitaDots CBD Gummies and non-exclusive retail and online marketing rights for VitaDots in the following regions: USA, Canada, Germany, Japan, South Korea, and Thailand. In addition, Laguna will have the right to transfer the non- exclusive ownership rights to a third party at its discretion and negotiate white label opportunities.
About Laguna Blends, Inc.
Laguna Blends Inc. (CSE: LAG) (OTC: LAGBF) (Frankfurt: LB6A.F) is a network marketing company that generates retail sales through independent affiliates. Affiliates utilize tools and technology that enable them to build an international business from their own home or anywhere else in the world. This technology replaces the need for expensive travel and hotel meetings. The Company is currently focused on the nutritional health benefits derived from hemp and CBD. To follow Laguna Blends online, visit the Company's website at http://www.lagunablends.com or social media: Facebook, Twitter: @LagunaBlends, YouTube.
About Carlsbad Naturals
Created by a team of doctors, Carlsbad Naturals, LLC, dba CBD Naturals, brings cutting edge science to deliver nutrients and hydration in an effective way, naturally and responsibly. Applying quantum physics, our nanotechnology successfully increases the surface area of each substance we put in our water, so that less is much more.
CBD Naturals is a market leader in the distribution and sales of CBD Water. With its unique and proprietary way of infusing CBD though nanotechnology, CBD Naturals is poised to remain the market leader. We at CBD Naturals are committed to providing the highest quality products for our customers. For more information about CBD Naturals, visit http://www.CBDnaturals.com/, Facebook, Instagram
Isodiol and its team of collaborators are a group of companies that together, grow & harvest hemp on an industrial scale, and then process it to extract the non-psychoactive cannabidiol (CBD) to the highest available purity for worldwide distribution. By utilizing one of the world's largest hemp farms, Isodiol and its partners are the choice for industrial volumes of high-grade, non-psychoactive CBD. Pharmaceutical, nutraceutical and cosmetic companies worldwide have gained market share due to our products. To follow Isodiol online, visit the Company's website at http://www.isodiol.com/ or Facebook, Instagram, and Twitter.
Isodiol does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). Cannabidiol is a natural element of industrial hemp. Isodiol's products are not intended to cure, treat or mitigate any disease states.
Media Contact: Denise Mahaffey email@example.com 760.908.6565
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