Orchid Ventures Announces That It Has Engaged Four Marketing and Creative Agencies

Rhea-AI Summary

Orchid Ventures, Inc. (CSE:ORCD)(OTC PINK:ORVRD) has signed service agreements with three marketing agencies to enhance the promotion of its PurTec products. High Noon will manage B2B marketing initiatives, while Mattio Communications will handle public relations for PurTec and Orchid Essentials. Additional agencies will support product design and digital asset creation. CEO Corey Mangold emphasized the importance of these partnerships in achieving growth and capitalizing on successful fundraising efforts. The company's OTC ticker has changed from ORVRF to ORVRD.

Positive

• Engaged three marketing agencies to boost PurTec product promotion.
• High Noon has experience with high-profile clients like Cisco.
• Sufficient sales & marketing budget allocated for growth.
• CEO has extensive marketing experience, enhancing strategic execution.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / April 13, 2021 / Orchid Ventures, Inc. (the "Company" or "Orchid") (CSE:ORCD)(OTC PINK:ORVRD) announces that the Company has entered into service agreements with three marketing agencies for the promotion of PurTec products and innovation platforms. PurTec has hired award winning advertising agency High Noon in Arizona as its Agency of Record. High noon will be responsible for all B2B marketing initiatives for PurTec as well as a comprehensive ad placement campaign. High Noon clients include Cisco and the State of Arizona as well as many other high profile accounts. The Company has hired Mattio Communications in New York City to manage all of the public relations marketing for PurTec and Orchid Essentials. Mattio Communications is also the PR agency for CuraLeaf, Greenlane and many other respected cannabis organizations. PurTec has also hired a product design company based in New Jersey to work on the creation of new and innovative form factors for a new line of PurTec products. The Company has also engaged with a Portland based creative agency for the development of several new digital assets.

"After the successful completion of our fundraising efforts, it is now time for us to put our foot on the pedal and start driving substantial growth. As a 20 year marketing veteran, and founder and owner of successful marketing agencies, paired with our President Rick Brown that has managed annual marketing budgets of over $600MM, we are well positioned with our new agencies to collectively work on the promotion and awareness of our company and our products." said Corey Mangold, Orchid Ventures CEO. "We are very excited to have a sales & marketing budget that is sufficient to achieve the goals that we have laid out for our company. Now that the strategic shift is complete, and we have capital in the bank, we can now properly invest in the marketing support our products and brands need to be successful. I have personally vetted all service providers and with our internal marketing team, are now engaged and working on immediate priorities to drive sales and revenue growth."

The Company's OTC listing has also changed from ORVRF to ORVRD.

About Orchid Ventures, Inc.
Orchid Essentials is a California-based cannabis innovation company that has developed a mass-market brand and loyal consumer following with its premium cannabis products and unique vape hardware delivery systems. Orchid also owns 100% of PurTec Delivery Systems, a company that produces, markets and sells clean vaporizer hardware that has been emissions tested against the most stringent standards in the world set forth by the EU and has unrivaled product quality and value pricing. Orchid's management brings significant branding, product development and distribution experience with a proven track record of scaling businesses and building sustainable revenue growth through value-generating partnerships and innovation that creates enterprise value. Learn more at https://orchidessentials.com/

ON BEHALF OF THE BOARD OF DIRECTORS - ORCHID VENTURES, INC.
Corey Mangold
CEO and Director
investors@orchidessentials.com

Investor Relations
Corey Mangold
949-357-5818
corey@orchidessentials.com

CAUTIONARY STATEMENT REGARDING "FORWARD‐LOOKING" INFORMATION: This news release contains forward‐looking statements. The Company has provided the forward‐looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward‐looking statements may prove to be incorrect. All such forward‐looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward‐looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward‐looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

SOURCE: Orchid Ventures, Inc.

View source version on accesswire.com:
https://www.accesswire.com/640084/Orchid-Ventures-Announces-That-It-Has-Engaged-Four-Marketing-and-Creative-Agencies

FAQ

What marketing agencies has Orchid Ventures engaged for PurTec?

Orchid Ventures has engaged High Noon, Mattio Communications, and two additional creative agencies for PurTec marketing.

What is the significance of Orchid Ventures changing its OTC ticker to ORVRD?

The ticker change from ORVRF to ORVRD may reflect a strategic shift or rebranding as Orchid Ventures seeks to enhance its market presence.

What does Orchid Ventures aim to achieve with its new marketing strategies?

With new marketing strategies, Orchid Ventures aims to increase product promotion, drive sales, and enhance brand awareness.

Who is responsible for public relations for PurTec and Orchid Essentials?

Mattio Communications is managing public relations for both PurTec and Orchid Essentials.

How does the experience of CEO Corey Mangold impact Orchid Ventures?

CEO Corey Mangold's 20 years of marketing experience is expected to drive effective marketing and growth strategies for Orchid Ventures.