VANCOUVER, British Columbia – Canna Hemp parent company, 1933 Industries Inc., announced it has reached a one-year agreement to distribute the Canna Hemp line of wellness products in conjunction with U.S. CBD products retailer CBD Plus for the marketing and sale of Canna Hemp products in CBD Plus corporate-owned and franchisee brick-and-mortar retail stores.
CBD Plus does its U.S. business mainly in the Midwest and South, with over 120 locations and growing in Texas, Oklahoma, Kansas, Arkansas, Tennessee, Georgia, Florida, North Carolina and Maryland. The partnership with CBD Plus is an important step for 1933 Industries as it builds the Canna Hemp line as a leading brand in the U.S. CBD market.
According to the latest outlook by the Brightfield Group, hemp-based CBD U.S. sales will reach $12.4 billion by 2023 and $16.8 billion by 2025.
“CBD Plus is a well-respected source of safe, legal and affordable CBD products that meet the highest standards in the industry,” said Eugene Ruiz, president of 1933 Industries. “We are pleased that our Canna Hemp line meets and exceeds those high standards. We look forward to collaborating with CBD Plus to increase awareness and education regarding the benefits and value of CBD in our everyday lives.”
CBD Plus CEO Charles V. Reynolds III said his company is looking forward to introducing Canna Hemp products to its nationwide U.S. customer base. “Quality assurance and cannabis education have always been cornerstones of the CBD Plus USA mission, and we are excited to partner with a brand such as Canna Hemp that shares those values. We remain committed to helping educate the public on all of the benefits and uses of quality CBD, and we believe this relationship aligns with our goals.”
CBD Plus, operating since 2017, offers a variety of self-care and lifestyle products with CBD that it boasts exceeds the industry standard of quality, producing carefully extracted, pesticide-free and non-GMO products.
1933 Industries focuses on the cultivation and manufacturing of cannabis consumer branded goods in a wide range of product formats. Operating through two subsidiaries, the company controls all aspects of the value chain with cultivation, extraction, processing and manufacturing assets supporting its diversified portfolio of cannabis brands and licensing partners. 1933 Industries also owns 91% of adult-use cannabis cultivation and extraction company Alternative Medicine Association.
