$IDGC: ID Global Corporation Obtains Licensing and Distribution Agreement for Green Rush(TM) Brand of Cannabis/Hemp Product Line
Date : 06/18/2014 @ 10:41AM
Source : GlobeNewswire Inc.
Stock : Idglobal Corp. (PC) (IDGC)
ID Global Corp. (OTC:IDGC) is pleased to announce that it has obtained the exclusive worldwide licensing and distribution agreement from Corr Brands, Inc. (CBI) for GREEN RUSH™ Products. A new brand development division will be started by IDGC as the products are packaged for sale and IDGC will invoice all sales for GREEN RUSH™ Products in the marketplace.
Through the agreement IDGC is granted exclusive worldwide licensing and distribution rights through the year 2017 within retail channels including:
National, regional or independent chains;
Natural food stores;
Club stores;
Mass merchandising or drug store chains;
Gourmet or specialty outlets;
Department stores;
Food service industry and other institutional sales; and
Armed forces sales and outlets.
Sebastien DuFort, president and CEO stated, "This is a significant step for IDGC to enter the medical marijuana market with an established and trusted group. We have been in discussions with other strategic partners and affiliates to ensure we execute and take full advantage of this opportunity. More details about the partnerships and roll out plans will follow."
About Corr Brands, Inc.
Corr Brands, Inc. is an Illinois corporation founded in 1978 as the holding company for intellectual property (IP) of Robert J. Corr and his family. The flagship brands are Ginseng Rush and Apple Rush brands, but also include Green Rush and Hard Rush. The Corr family recently licensed the Apple Rush and Ginseng Rush Brands, as well as sold controlling interest in Apple Rush Company, Inc. (APRU) to the California-based LiveWire Ergogenics Inc. (LVVV), also a public company.
CBI is a long lived company that over the years has licensed its IP to various third party concerns. The new mode of operation is to minimize external influences and concentrate efforts in a targeted, low overhead manufacturing and marketing endeavor.
About ID Global Corporation
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities in North America. IDGC seeks, through debt and equity investments, minority positions as well controlling interests in established companies and special situation start-ups.
- Go IDGC
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