Cartel Blue, Inc. to Enter Opportunity Zone in Ft. Lauderdale, Florida
Laguna Niguel, California--(Newsfile Corp. - June 20, 2023) - Cartel Blue, Inc. (OTC Pink: CRTL) a Nevada corporation, and manufacturer of THC products, edible gummies, vape pens, CBD oil, hemp cigars and branded accessories, announced its plans to formalize their business presence in Ft. Lauderdale, Florida and decision to locate new facilities in the Opportunity Zone of this region to support the manufacture and distribution of all of its products. The new 20,000 Sq. Ft. facility will be converted into a 3,000 light hydroponic grow operation for boutique hemp cultivation which will be used to formulate and manufacture CBD oil products, THC 0.3 THC (psychoactive compound delta-9-and delta-8-tetrahydrocannabinol) dissolute, CBD oil, edible gummies, vape pens and hemp cigar products, and will include equipped manufacturing suites, packaging and labeling equipment, and distribution center. The grow facility will also support hemp sales to wholesalers in the secondary market. https://cartelscigars.com/wp-content/uploads/2022/08/updated-file-r66-new-1661309494-1661360351.pdf
Cartel Blue's CEO, Philip Moreb explained that the Company's decision to expand manufacturing in the Opportunity Zone in Ft. Lauderdale for production of all of its products, was influenced by the hemp and CBD industry friendly policies in this region of Florida, reduced facility overhead costs for leased property, tax-free/pro-business policies, and close proximity to air and sea terminals to support product distribution - domestically and into the EU. Additionally, Cartel Blue's President, Phillip LaRocca, Judge retired, will oversee and manage the conversion and operations of the new facilities. The Company plans to retain a warehouse/distribution facility in Palm Springs, California which will be managed by Mr. Moreb to support West Coast U.S. distribution, that will include a showroom for retail customers. https://cartelscigars.com/
Mr. Moreb also announced Cartel Blue is formalizing terms with distribution partners in the EU to distribute hemp cigar products to retailers in the EU. The Company expects the new facility to produce 300,000 hemp cigars per month, to supply the US and EU markets.
About Cartel Blue, Inc.
Cartel Blue, Inc. manufactures and distributes hemp consumable products, including 0.3 THC (psychoactive compound delta-9-tetrahydrocannabinol) edible gummies, CBD oil products, vape pens, branded cigars and cigarillos, and accessories, and their common stock currently trades on the OTC Exchange OTC Market's Pinks under the symbol "CRTL".
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This press release may contain certain forward-looking statements and information, as defined within the meaning of the Private Securities Litigation Reform Act of 1995, or 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, as applicable. Such forward-looking statements include, the development, costs, and results of new business opportunities and uses words such as "plan(s)", "intend(s)", "anticipate(s)," "seek", "believe", "estimate," "expect", "project", or similar phrases to summarize beliefs, plans, expectations, or intentions regarding the future, and 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 be materially different from the statements made herein. Actual results could differ from those projected in any forward-looking statements.
For Additional Information, please contact:
Cartel Blue, Inc.
Investor Relations (310) 955-0099
Email: philip@cartelscigars.com
Website: www.cartelscigars.com
Source: Cartel Blue, Inc.
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