iBrands Corp. (IBRC)

[Golden Cross]

News - iBrands Corporation Letter to Shareholders January 2020
Press Release | 01/02/2020
January 2, 2020
OTC Disclosure & News Service

Las Vegas, NV —

This release includes additional documents. Select the link(s) below to view.
IBRC LETTER TO SHAREHOLDERS Jan 2, 2020.pdf
iBrands Corporation Address To Shareholders


(OTC PINK:IBRC) ("the Company"), a diversified holding and branding company, announces a letter to shareholders and interested parties.

Dear Shareholders,

The company is pleased to report that we've been able to generate positive momentum in 2019. We were able to significantly decrease our liabilities and operating costs while focusing on core business opportunities. These moves have allowed us to streamline our operational focus to high-growth industries in both the industrial hemp and cannabis-related sectors.



We believe that with the rollout of iBrands Farms industrial hemp agribusiness, and additional solid niche opportunities within the cannabis and industrial hemp sectors position iBrands to make substantial progress in 2020 which will further enhance value for our shareholders," said CEO Hugh Kelso.



Corporate Updates:



OTC Markets Current Information

The Company has updated its current financial reports through the OTC Markets Information and News Disclosure Service. We are currently in the review process for removing the Caveat Emptor designation.

Divestitures

The Company divested of subsidiary companies Cherubim Interests Inc., Victura Construction Group Inc., and PDX Partners Inc., to new merger candidates seeking to enter the public markets. iBrands Corporation maintains a small equity interest in each company moving forward.



iBrands Farms

The company launched its ecommerce site in late 2019.



iBrands Farms has over 40 retail industrial hemp derived CBD products ranging from smokables, isolate by the ounce, topicals, edibles, and dog treats.

From almost nothing, in 2015, the market for consumer sales of hemp-derived CBD products grew to a cool $90 million. Add to that another $112 million in marijuana-derived CBD products, which were sold legally through dispensaries, and you have a total CBD market of $202 million in 2015.

In 2016, the total retail value of hemp products sold in the U.S. reached $688 million. Hemp-derived CBD products are estimated to contribute up to $130 million of that figure. A report produced by the editors of Hemp Industry Daily says retail sales of CBD in the United States are on track to surpassing $1 billion in 2019. This would imply 133% growth over 2018 sales.

The 2019 Hemp & CBD Industry Factbook says CBD retail sales in the U.S. may eclipse $10 billion by 2024. The recent surge of consumer demand for CBD, coupled with increasingly easy access to CBD products, is expected to drive retail sales to about $1.1 billion-$1.3 billion in 2019, said Kristen Nichols, editor of the Second Annual Hemp & CBD Industry Factbook. We project retail CBD sales will increase to $10.3 billion by 2024, a five-year compound annual growth rate of 54%.





BudCube Cultivation Systems

The Company is in the process of rolling-out its BudCubeCultivation Systems (BCS) "Cultivation Center" business concept in 2020. After beta testing, the Company is confident that the market for both single-tenant and multi-tenant co-operative growing centers will prove both popular and successful in the green market place.



Mobile Testing and Extraction Laboratories

The Company constructed and deployed a fully functioning laboratory grade testing and extraction laboratory to the University of The West Indies in 2017. The turnkey facility enables end users to process plants for terpenes and other compounds as well as test for product potency. The company expects to capitalize on the UTWIs success to roll-out the modular testing labs in appropriate markets.



Go Forward Strategy

The 'go forward' strategy is to continue to increase and add revenue through iBrands Farms agribusiness, BCS business concept, and selecting the appropriate exchange and making application for uplist.



The Company has been able to add revenue-generating propositions to contribute to the Companys bottom line, streamline our operational focus, as well as position ourselves to have a very prosperous 2020. I would like to take the opportunity of reiterating our genuine commitment to further strengthening the company and growing corporate equity. The Company wishes all of its shareholders a warm and prosperous New Year.



Warm Regards,
Hugh Kelso
CEO





IMPORTANT DISCLOSURE: BudCube Cultivation Systems USA is planning execution of its stated business objectives in accordance with current understanding of state and local laws and federal enforcement policies and priorities as it relates to cannabis and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that the Company will obtain advice of counsel prior to actualizing any portion of their business plan. Advice of counsel with regard to specific activities of the companies, federal, state or local legal action or changes policy may adversely affect business operations and shareholder value and shareholders and potential shareholders should seek their own legal counsel prior to investing.



About BudCube Cultivation Systems



BudCube Cultivation Systems developed a proprietary, fully portable and scalable, cultivation technology that serves as outdoor turn-key solution for cultivators of legal medical and recreational cannabis, as well as other various plant species. Coupled with real estate development and property management business model via parent company Cherubim interests Inc., The BudCube Cultivation Systems business model can be duplicated anywhere in the world where the cultivation of cannabis is legal.

For more information, visitwww.budcube.com



About iBrands Farms

iBrands Farms is a vertically integrated agribusiness focused on the production of hemp derived products with naturally occurring cannabinoids. Our mission is to efficiently deliver the highest quality industrial hemp-derived cannabinoid products to our customers, both retail and wholesale. The company can be found at www.ibrandsfarms.com

About iBrands Corporation

iBrands Corporation, Inc. is a holding and branding company that acquires and operates niche market brands that have unique market positions within sectors that demonstrate return on investment potential. Business partnerships throughout the United States and Canada provide our brands many markets to expand into and produce consistently high growth rates for the next decade. The company can be found at: www.ibrandscorporation.com



Safe Harbor Statement

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.



For more information please contact:

iBrands Corporation Inc.
Hugh Kelso
Chief Executive Officer
[e-mail]



Sources:

https://hempvictorygarden.com/news/cbd-consumer-market-expected-to-reach-2-1-billion-by-2020/

https://hempindustrydaily.com/exclusive-us-retail-sales-of-cbd-to-increase-133-in-2019-surpass-10-billion-by-2024/

https://hempindustrydaily.com/hemp-factbook/

https://usacbdexpo.com/blogs/cbd-blogs-news/2019/9/benefits-of-investing-in-the-cbd-industry

https://www.prnewswire.com/news-releases/us-cbd-market-projected-to-grow-at-107-annual-average-cagr-through-2023-300893763.html

https://finance.yahoo.com/news/cherubim-interests-inc-subsidiary-releases-200614082.html

https://www.globenewswire.com/news-release/2017/01/12/1243522/0/en/Cherubim-Interests-Inc-Subsidiary-and-United-Cannabis-Corp-Completes-Construction-and-Deployment-of-First-Mobile-Testing-and-Extraction-Laboratory-For-The-Cannabis-Sector.html