Before
the opening bell, Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) (Frankfurt:
LB6A.F) announced its inclusion on the Canadian Securities Exchange (CSE)
Composite index. Criteria for inclusion on the CSE Composite index include
active listing on the CSE, a market capitalization of at least $5 million and a
seasoning requirement. At each quarterly rebalance, companies included in the
index are assessed to ensure a minimum market capitalization of at least $4
million, with companies that fail to meet this criteria being subject to index
deletion. The market cap of Laguna Blends was listed at $6.34 million as of
September 19, 2016.
“Inclusion
in the CSE Composite index is another indicator Laguna continues to deliver
shareholder value through its strategic growth strategy,” Bryan Loree, chief
financial officer of Laguna, stated in this morning’s news release. “Laguna has
positioned itself to be a dominant player in the distribution and marketing of
unique hemp and CBD related products around the world.”
Laguna
Blends leverages a growing network of independent affiliates to generate retail
sales of multiple products in the United States and Canada. The company’s
initial products to market are Caffe, an instant hot coffee beverage infused
with whey and hemp protein, and Pro369, a single serving hemp protein powder
available in four delicious flavors. In June, Laguna highlighted the
marketability of these offerings when it announced the generation of $105,000
in unaudited sales in the first 11 weeks following commencement of operations.
With the geometric growth opportunities presented by the company’s network
marketing strategy, this strong start put Laguna “on track with its long term
sales growth strategy,” according to President Ray Grimm Jr.
In
recent weeks, Laguna has turned much of its attention toward its entry into the
$121 billion global skin care market. The company entered into an exclusive
agreement to distribute Swiss-made Cannaceuticals (“Canna”) cannabidiol (CBD)
skin care products in the United States and, upon regulatory approval, Canada,
Asia, Europe and Mexico. In a recent clinical study evaluating the efficacy of
these products, Canna’s CBD facial serum produced an overall improvement to the
appearance of skin in 100 percent of test subjects in just two weeks. On
September 13, Laguna announced the VIP launch of the Canna CBD skin care
products to its existing affiliates in the U.S., marking a significant step in
its efforts to become a major player within the skin care industry.
For
more information, visit www.lagunablends.com
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