iBrands Corp. (IBRC)

[Diligence Due]

This will be my last post on the thread.

IRVINE, CA--(Marketwired - Feb 7, 2017) - iBrands Corporation Inc. ( OTC PINK : IBRC ) is pleased to announce that it has signed an "Exclusive Supply Contract" with Free Spirit Organics LLC., an Indian Tribal Company made up of the Winnemucca, Northern Shoshoni and Washoe Indian Tribes. They market their products under the name CBDoil. The term of the contract is for 1 year and is renewable.

Chief Bill Bills stated, "This is a very exciting time for our Tribes right now. The demand for our products is growing at 400% per month and we have been having a hard time securing the raw oil and having to go to several places to fill orders. Now with the new regulations classifying cannabinoids as a class 1, we think our sales will grow even faster because of our ability to fill orders other companies can't. The laws are still up in the air, but because of our sovereign status we can send products across state lines from tribe-to-tribe much easier than most. Many of the Indian Casinos are carrying our products in their commissaries. We also have 3,000 Tribal stores that are starting to carry CBDoil as well."

The first order is for 1,000 kilograms (2,200 pounds) and will be delivered by the end of February. Ongoing demand is expected to be between 200-250 kilograms per month. In the past, the Tribe has been paying $25,000 on up to $48,000 per kilogram. "Our connections within the industry have helped us secure volume pricing. In comparison, the first contract was filled at $13,000 per kilo," said Michael Ogburn, CEO of iBrands.

Ogburn also went on, "We are really focusing on growing our Purest CBD right now. The cannabinoid market is the future in our opinion and we are putting a lot of effort into it. The agreement is exclusive and was signed February 6, 2017.

[quoteOver promised? Or a PR stating we expect to close this deal by a certain date? Not SEC compliant? We most certainly are. We are not SEC reporting, big difference. Do you feel we are all sleeping in when we could be out closing the deal? Do me a favor; find a deal that was half this size that closed and report back to me. Understand that the DEA classified CBD as a schedule 1 narcotic AFTER we got the order. This product is traveling across 11 state lines of which ALL require permits and in some cases escorts. So now that its a schedule 1 narcotic, try to find insurance for the product. By the way, Lloyds of London who used to insure MJ companies does not anymore. (When you do find one, let me know). Because its a schedule 1, insurance is required by any carrier. Now, once you get that done, find a carrier that will ship this. So then find me a bank that will accept the money once the deal is done.Its money from a schedule 1 narcotic.....just like heroin. Get back to me on these items. It's easy to sit back and demand a deal to get done, I get it. But also understand there is more to this than a press release. Enjoy the 2,000% gains in the last 2 months and who knows how much once the deal is closed. I encourage you to think about the other side instead of demanding a PR. There is a reason so many eyes are on this stock. Good luck-]