NEWS NEWS NEWS NEWS NEWS:
M Line Holdings, Inc. Agrees to Terms to Purchase the TORQUE Beverage and Apparel Brand --WWW.DRINKTORQUE.COMPress Release | 10/25/2018
Dimensions Beverage and Branding will become a subsidiary of The Caravel Group
Costa Mesa, CA, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), has agreed terms and is signing an LOI to purchase 100% of Dimensions Beverage and Branding, LLC which owns the TORQUE® Brand which includes the TORQUE® Energy Drink, TORQUE® apparel and other related drinks and novelties. We will close within ten days.
Jake Nelson, Co-Founder of The Caravel Group stated: “This adds a proven successful energy drink to our line of products. This brand will be sold through our current distribution channels and will provide significant exposure and profitability for our group.”
Tony Anish, CEO of M Line commented: "Jake Nelson and John Giarrante, the original founders of The Caravel Group have done a great job bringing this Brand to the MLHC’s group of Companies. As always, our primary objectives remain solid growth and profitability while continuing to improve shareholder value. Stay tuned for more updates.”
About M Line Holdings, Inc.
M Line is a holding Company with subsidiaries involved in the Beverage Branding and Distribution industry as well as the Food and Beverage distribution business and now has introduced its first acquisition in the Cannabis Industry with our C-Pod manufacturing business. In addition, M Line will continue with its business financing activities while looking for other opportunities in the Beverage, Distribution and Cannabis industries as well as other prospects that make sense to management.
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