Cartel Blue, Inc. Cartel, Inc. Merge Announces New President & Chief Executive Officer. Now Offers Premium Hemp Cigars

Rhea-AI Summary

Cartel Blue, Inc. (OTC PINK: CRTL) is merging with Cartel, Inc., a company specializing in hydroponic hemp cigars. The merger aims to establish Cartel Blue as a leader in the hemp cigar market, leveraging the growing demand for premium hemp products. New leadership includes Retired Judge Phillip Larocca as President and Philip Moreb as CEO, both bringing extensive experience in legal and business sectors. The merger is supported by international law firm Procopio and aims to enhance operations at their new offices in Carlsbad, California.

Positive

• Merger positions Cartel Blue as a leader in the hydroponic hemp cigar market.
• Experienced leadership team with significant backgrounds in business and law.
• Growing demand for premium hemp products expected to drive revenue.
• New operational base in Carlsbad aims to enhance distribution capabilities.

Negative

• None.

Cartel Blue, Inc. & Cartel, Inc. a Delaware Corporation, founded in 1998 are Merging. (MA)

CARLSBAD, Calif., April 30, 2021 (GLOBE NEWSWIRE) -- Cartel Blue, Inc. (OTC PINK: CRTL) the First and Only Hemp Apparel Company Listed on the Major Marijuana | Hemp Stock Index is now Merging with Cartel, Inc. that offers Hydroponic Hemp Cigars.

The International Law Firm Procopio was retained to assist in the Cartel Blue, Inc. and Cartel, Inc. Merger and Acquisition. With the Merger, Cartel Blue announces Retired Judge Phillip Larocca as PRESIDENT and Philip Moreb as CEO. Cartel Blue, Inc., new Fixed Base Operations (FBO) offices are located in Carlsbad, California, on the tarmac at Palomar Airport to better serve our global distributers.

Cartel Blue, Inc. now offers Hydroponic Hemp Cigars - Grown, Rolled and Sold, right here in the USA. Cartel Blue, Inc. continues to offer Hemp Clothing now in collaboration with various designers which will be unveiled in their hemp apparel 2021 collection.

Hemp is now legal to grow in the USA from to the passing of the 2018/2019 Farm Act Bill along with 0.3 State of California Farm Bill and the 0.2 US Ledger Transit Bill. When the merger is finalized, Cartel Blue, Inc. is poised to be the leader in Hemp Cigars. Cartels cigar’s outer skin is all natural Hemp Paper, coupled with Hydroponic Indoor Hemp and is specifically selected so that it tastes like no other.

The demand for Premium Hemp Cigars has been validated. Mr. Larocca and Mr. Moreb have tested the market and found overwhelming demand for the hydroponic Cigars. Current market evaluation determined the demand to be multi-millions of cigars annually.

Mr. Larocca and Mr. Moreb bring decades of business experience to Cartel Blue, Inc. Mr. Moreb brings 30 plus year career in growing young companies by selling products and services to Fortune 500 companies with well-known entities like Wynn Hotels, Marriott Hotels, and UPS. His success with designer Christian Audigier and Don Ed Hardy launch went world-wide with distribution. Mr. Larocca brings 50 years of legal experience working for the County of Riverside District Attorney’s office, with 20 Years as a Judge on the bench and as an Associate Professor at Chapman University.

What’s coming up next?
We’ll have another Press Release in a couple of weeks. Stay tuned.

For information regarding capitalization and corporate data, please make reference to www.otcmarkets.com

About Cartel Blue, Inc. (OTC PINK: CRTL)
and go to cartelscigars.com

Cartel Blue, Inc. (OTC PINK: CRTL) is listed on the Marijuana Index and its Stock Universe is the go to stock index for marijuana and hemp sector investors. The Marijuana Stock Universe is a searchable data base of all marijuana and hemp stocks. Companies are required to have a material involvement in the marijuana or hemp industry. In addition, companies must have filed financial statements in the last year, and must maintain a minimum average daily trading volume. In 2020, legal market sales are expected to surpass a Multi-billion Dollar industry, and investors are looking to place their funds into marijuana/hemp investments or ancillary products.

Safe Harbor Disclaimer
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Cartel Blue, Inc. to materially different from the statements made herein.

For Additional Information
Please contact us at:
Cartel Blue, Inc.
Investor Relations
310-955-0099
E-mail: philip@cartelscigars.com
cartelscigars.com

Photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/5984e17e-2706-4217-9c33-7bef8e43423e

https://www.globenewswire.com/NewsRoom/AttachmentNg/bc84e0c9-d718-4c75-9e22-f028f5e4e682

FAQ

What is the significance of the merger between Cartel Blue, Inc. and Cartel, Inc.?

The merger aims to position Cartel Blue as a leader in the hydroponic hemp cigar market, tapping into a growing consumer demand.

Who are the new leaders of Cartel Blue, Inc. after the merger?

Retired Judge Phillip Larocca is appointed President, and Philip Moreb is the new CEO, both bringing extensive industry experience.

What products will Cartel Blue, Inc. offer after the merger?

Post-merger, Cartel Blue will offer hydroponic hemp cigars and continues its existing hemp clothing line.

How does the merger impact Cartel Blue's market position?

The merger enhances Cartel Blue's competitive position in the hemp industry, particularly in the rapidly growing cigar segment.

What is the expected impact of the merger on shareholders of Cartel Blue, Inc.?

The merger is expected to create synergies that could enhance shareholder value through increased market presence and revenue opportunities.