Cannabis Suisse Corp. Expansion Plans for Online Sales, Adding to CBD product lines with New Hemp Brands

Rhea-AI Summary

Cannabis Suisse Corp. (OTC: CSUI) announces plans to expand its online presence through a partnership with Amazon, launching a new line of hemp-based products, including hemp oil and gummies. This initiative aims to enhance access to US markets as the legal landscape for CBD products evolves. The company remains compliant with Amazon's regulations, focusing on hemp products since CBD is currently prohibited on the platform. COO Alain Parrik emphasizes that Amazon is a crucial distribution channel as they grow their online retail strategy.

Positive

• Expansion of online sales through Amazon enhances market reach.
• Introduction of a new hemp product line diversifies revenue streams.
• Compliance with Amazon's regulations may reduce potential market entry risks.

Negative

• Dependence on Amazon poses risks related to platform policy changes.
• CBD prohibition on Amazon limits product offerings and potential revenue.

Company plans to expand online sales with retail giant, Amazon

DIETIKON, SWITZERLAND / ACCESSWIRE / September 21, 2020 / Cannabis Suisse Corp. (OTC:CSUI), a fully licensed Swiss cannabis cultivation and distribution company for recreational tobacco products and medical CBD oils, announces online expansion plans including the upcoming launch of a new brand on Amazon.

Сannabis Suisse Corp. is developing its own line of products including hemp oil, hemp protein, hemp gummies and hemp hearts with all the appropriate certificates and licenses for sale on Amazon.

This news follows a recent announcement for online distribution of its cannabis and CBD products with uWeed from their retail outlets and online store (www.uweed.ch).

The expansion into online sales of hemp gives the company headquartered in Switzerland, wider access and inroads into the US markets and the legal environment for CBD products evolves.

Mr. Alain Parrik, COO & Director said, " Amazon, is an important distribution outlet for us as we ramp up for expansion across multiple online retail platforms. Introducing a new line of hemp products paves the wave for additional products in the future."

Cannabis Suisse Corp. will be in compliance with Amazon rules and respects their position that CBD is currently banned on Amazon but hemp products are not.

The Company, as a registered manufacturer of both products, will continue to use flowers with the highest concentration of CBD. For the new Amazon product line, oil will be squeezed from the seeds allowing Cannabis Suisse to use the whole plant in its production and benefit from it.

Source: Brightfield Group Quarterly CBD Consumer Survey, Q2, 2020, Sample size = 5,000

Price Compression

ABOUT CANNABIS SUISSE CORP.
Cannabis Suisse Corp. is a fully licensed cannabis cultivation and distribution company in Switzerland, for recreational tobacco products and medical CBD oils. The Company's facilities for producing cannabis are based in Dietikon, Switzerland, and contain the art surveillance equipment to enable an around the clock webcast. Cannabis Suisse grows high quality, organic cannabis with sustainable, all-natural principles. The Company's products are laboratory tested to ensure the end users have access to a standardized, safe and consistent product. Cannabis Suisse proprietary trademarked MoldStandard is a quantitative microbiology method for analyzing yeast and mold counts in harvested cannabis plants. Cannabis Suisse proprietary trademarked CannaMec is a method for quantifying and removing residual solvents during packaging and storage of CBD products. Cannabis Suisse Corp. currently sells via a distribution network of Swiss retailers and online shops, under the retail brand Alpine Cannabis.

FORWARD-LOOKING 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 and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Cannabis Suisse Corp. to be materially different from the statements made herein.

CONTACT:

Alain Parrik
Cannabis Suisse Corp.
+41445865314
alain.parrik@cannabissuisse.biz

SOURCE: Cannabis Suisse Corp

View source version on accesswire.com:
https://www.accesswire.com/606981/Cannabis-Suisse-Corp-Expansion-Plans-for-Online-Sales-Adding-to-CBD-product-lines-with-New-Hemp-Brands

FAQ

What are the plans for Cannabis Suisse Corp. regarding Amazon?

Cannabis Suisse Corp. plans to expand its online sales by launching a new line of hemp-based products on Amazon.

What products will Cannabis Suisse Corp. sell on Amazon?

The company will sell hemp oil, hemp protein, hemp gummies, and hemp hearts on Amazon.

When was the press release about Cannabis Suisse Corp.'s Amazon expansion issued?

The press release was issued on September 21, 2020.

What is the stock symbol for Cannabis Suisse Corp.?

The stock symbol for Cannabis Suisse Corp. is CSUI.

How does Cannabis Suisse Corp. ensure compliance with Amazon's regulations?

Cannabis Suisse Corp. complies with Amazon's regulations by focusing on hemp products, as CBD is currently banned on the platform.