$LAGBF Business Description
Laguna Blends is a Network Marketing Company focused on the health, wellness and marketing of hemp based products.
According to the Hemp Industries Association, retail sales of hemp food and body care products has grown from US$93 million in 2011 (an 8% increase year to year) to $186 million in 2014, an increase of 21.4% over the previous year.
Larger growth is expected as legalization efforts at both the state and federal levels continue. In January of this year, the Industrial Hemp Farming Act of 2015 was introduced to Congress, which seeks to amend the Controlled Substance Act to exclude industrial hemp from the definition of marijuana.
In Canada, sales in the sector amounted to CA$50 million and is forecasted to double in 2015 to $100 million.
Products
The initial products will focus on the nutritional and health-related benefits of the hemp seed. The first product category is in the functional beverage business.
Current Products:
"Caffe" is a whey- and hemp-infused water soluble coffee. The flavor and aroma of rich Arabica coffee with the mouth feel of hot chocolate. The first portable protein coffee.
Pro369 - A combination of hemp protein, panax ginseng and micro-encapsulated hemp oil, with 13g of protein and 2.9g of Omegas 3,6 & 9. Easy to carry and combine in liquid or a smoothie. The first totally soluble protein powder.
The combination of the two products gives you the protein and nutrition of a full meal-on-the-go.
In Canada, the Pro369 is the first hemp protein powder to be registered with Health Canada as a Natural Product, with approved health claims:
1) A source of protein that helps build and repair body tissues.
2) Source of amino acids involved in muscle protein synthesis.
3) Assists in the building of lean muscle.
4) An adaptogen to help maintain a healthy immune system.
5) Supportive therapy for the promotion of healthy glucose levels.
Planned expansion of the product categories may include cosmetics, and skin care, cannabinoids (CBDs), hemp oil as well as other product categories.
In addition, Laguna will continue to expand its functional beverage line, including other coffee products.
Marketing:
The products will be sold via Independent Affiliates in a direct selling model.
The Direct Selling Association reported that 18.2 million people were involved in the industry in 2014, with estimated retail sales of US$34.5 billion.
One unique feature of the company strategy is to allow the independent Affiliates to expand their customer base without the need to travel for meetings and training, using a cutting edge, cloud based, immersive, 3D virtual World.
Training and sales can be conducted on a 365/24/7 basis.
$LAG #hemp #stocks #otc #cannabis #cbd
