Vancouver, British Columbia--(Newsfile Corp. - November 1, 2016) - Network marketing company Laguna Blends Inc. (CSE: LAG) (FSE: LB6A.F) (OTC Pink: LAGBF) continues to add to their line of hemp and cannabidiol products.
ISO International, which currently supplies Laguna with exclusive Cannaceutical CBD skin care products for the USA and Canadian markets, has expanded the license to include Japan, Germany, Thailand and South Korea, effectively fast-tracking the company as a global player in the distribution of cannabidiol ("CBD") skin care products.
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The global skin care industry is currently estimated at US$121 billion with the market demand for CBD products growing exponentially.
Under the terms of this exclusive, royalty-free, and perpetual license, Laguna can also sell these products on a white-label basis or sub-license these rights to any third party.
Stuart Gray, CEO, stated: "By acquiring the additional exclusive licenses in Japan, Germany, Thailand and South Korea we can capitalize on the global demand for high quality skin care products. We feel there is nothing like the CannaCeutical product line anywhere in the world today and in a recent clinical study evaluating the efficacy of Canna's CBD facial serum, test subjects using the product noted a 100% overall improvement to the appearance of skin in just two weeks."
Cannabidiol is a non-psychoactive cannabinoid found in abundance in the hemp plant. CannaCeuticals' CBD7 anti-aging skincare products incorporate CBD, a superior antioxidant and a potential anti-inflammatory agent, both of which are significant in anti-aging.
Under clinical trials conducted by BioScreen Testing Services, Inc., a third-party FDA approved lab located in the USA, test subjects that used the CannaCeutical facial serum noticed a 100% overall improvement of the skin appearance within a two-week period.
Laguna recently signed a Letter of Intent to acquire 60% of Carlsbad Naturals CBD Bottled Water Company, a market leader in the distribution and sales of nano-amplified CBD bottled water in the USA.
These additional products complement Laguna's "Caffe", an instant hot coffee beverage infused with both whey and hemp protein, and "Pro369", a water soluble, single serving, hemp protein drink, which is available in 4 flavours.
In a recent report, Fundamental Research increased their target price from $0.45 to $0.80, well above the current $0.42 price.
For more information, please visit the company's website www.lagunablends.com. Investor relations is handled by Howe and Bay Financial, which can be reached at 604-449-5302 or email info@HoweandBayFinancial.com.
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