NewLeaf Brands Inc.’s (CSE: NLB) (OTC: NLBIF) (FSE: 0NF) wholly owned subsidiary We Are Kured, LLC (“Kured”), announces that it has entered into a letter of intent (the “LOI”) with Denver based marijuana infused product license holder, Denver Packaging Company (“DPAC”), to enter the Colorado cannabis market in 2020. DPAC is the license holder that manufactures renowned brands such as Keef Cola, Keef Pax Pods and Oil Sticks. Under the terms of the LOI, DPAC will commit to all licensing, manufacturing and distribution of Kured products and Kured will cover the cost of all goods, as well as provide marketing and sales force and sales management on behalf of DPAC. Further, Kured will introduce an ultra-high quality THC version of its flagship 500mg custom disposable vaporizer line that includes the Eybana terpene profiles and subsequent cartridges. According to newfrontierdata.com, the legal marijuana market in the state of Colorado, USA is expected to exceed $2,000,000 in revenue in 2020.1
Joshua Bartch, CEO of NewLeaf Brands commented, “Being a founder of one of the original and most successful dispensary and cultivation companies in Colorado, USA, I’m extremely excited to be introducing the Kured line to dispensaries and cannabis consumers throughout the state of Colorado, USA. Colorado, USA is our back yard and our team collectively is incredibly well connected in every vertical in not only the Colorado, USA marijuana market, but the Cannabis space as whole. The Kured line has already established itself as the number one CBD vape pen in Colorado, USA and has garnered great brand recognition throughout the state. I know I’m not the only one that is excited for our THC line to hit the shelves in the coming months.”
ABOUT NewLeaf Brands
NewLeaf Brands, Inc. is an innovative Cannabidiol (“CBD”) lifestyle Company. Through the Company’s wholly-owned subsidiaries We are Kured, LLC, Drink Fresh Water, LLC, ReLyfe Brand, LLC and TeaLief Brand, LLC the Company’s main business activities encompass the development, marketing, and distribution of CBD products (including vaporizer pens/cartridges, hot/cold tea, softgel capsules and beverages) throughout North America, South America, and Europe. In addition, NewLeaf Brands, Inc. has extensive retail and cultivation land investments in Oregon, USA.