New office in US Laguna Opens Office and Distribution Center in Escondido, CA
February 01, 2017 - Escondido, CA - Laguna Blends Inc. (CSE: LAG) (OTC: LAGBF) (Frankfurt: LB6A.F) (the “Company” or “Laguna”) is pleased to announce that it has opened its Southern California office and distribution center in Escondido, California. The 13,916-sq. ft. office and warehouse allows Laguna to successfully expand its B to B and online sales business within the US and Canada. This facility is conveniently located adjacent to the I-78 and I- 15 Freeways allowing easy access to San Diego, Los Angeles, Orange and Riverside Counties.
Laguna will be subleasing space to Carlsbad Naturals LLC, for additional bottled water storage and distribution. Laguna and Carlsbad intend to take advantage of co-working together by sharing certain office personnel as the companies continue growing the CBD water market.
Ray Grimm, President & CEO of Laguna Blends, states: “This is a strategic move to have an office and a warehouse combined with Carlsbad. Combining personnel and distribution resources will allow both companies to operate more efficiently. Having the creative and communications team working together with both companies will create the synergy needed to explode the branding efforts of each Company.”
The Company would also like to announce it has agreed to extinguish a total of $330,000 of debt relating to loans from an arm's-length party by issuing 2.2 million common shares of the corporation at a deemed price of 15 cents per share.
About Laguna Blends Inc.
Laguna Blends is a market leader in the distribution of Hemp and CBD products. Lagunas growth strategy includes acquiring and incubating companies who formulate and or manufacture Hemp products. Laguna Blends markets Hemp products utilizing its B to B Network along with driving traffic to its Club 8 online marketplace. It's Lagunas intent to provide the highest quality hemp product experience for the end user, utilizing a proprietary nanotechnology in many of its consumable and topical skin care products. Laguna is currently seeking joint ventures and acquisitions to expand its portfolio and will aggressively begin international expansion into Asia and Europe in 2017.
About Carlsbad Naturals LLC – CBD Bottled Water
Created by a team of doctors, Carlsbad Naturals brings cutting edge science to deliver nutrients and hydration in an effective way, naturally and responsibly. Applying quantum physics, our nanotechnology successfully increases the surface area of each substance we put in our water, so that less is much more. Carlsbad Naturals is a market leader in the distribution and sales of CBD Water using its unique and proprietary process of infusing CBD’s though nanotechnology. For more information about Carlsbad Naturals, please go to www.cbdnaturals.com
ON BEHALF OF THE BOARD
“Ray Grimm Jr”
CEO, President & Director
CORPORATE COMMUNICATIONS:
Howe & Bay Financial: 604-449-5302
COROPRATE MEDIA:
ir@lagunablends.com
www.lagunablends.com
https://cbdskincream.com/
Join Us On Face Book: https://www.facebook.com/LagunaBlends/
Twitter: @LagunaBlends
Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future the Company’s business, its product offerings and plans for sales and marketing. Although the Company believes that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Such forward looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.