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Wednesday, 01/22/2020 9:07:36 AM

Wednesday, January 22, 2020 9:07:36 AM

Post# of 30141
CANB NEWS!!!


NEWS OUT!!

CANBIOLA, INC. ANNOUNCES FIRST MAJOR WHITE LABEL CBD CONTRACT OF 2020 WITH MULTI-UNIT RETAIL CHAIN STORES

HICKSVILLE, NY, Jan. 22, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (OTCQB: CANB) (“Canbiola” or the “Company”), a health and wellness company specializing in the highest grade CBD products on the market, announced today the signing of the year’s first significant white label contract for CBD products for a multi-unit operator in the Eastern United States. The company has signed to provide private label products to the Canbiola custom specifications in our premium label series.

Based upon similar roll-outs, we anticipate this top performing product to do very well for the client, and look to expand the initial product offerings. This first agreement of 2020 is a direct result of our stated efforts to expand our white label and private label business. The company currently has manufacturing capacity of up to $40 million at wholesale in our Lacey, Washington R&D lab and production facility and through its targeted sales efforts the company looks to capitalize on this available capacity. Parties interested in a high volume, lower cost, high quality private label production should contact the company directly.

CEO Marco Alfonsi stated, “We’ve hit the ground running and are focused upon accretive results for our shareholders this year. With a clear and concise plan in place, the team is working towards these goals with optimism and enthusiasm.”

https://finance.yahoo.com/news/canbiola-inc-announces-first-major-140010370.html

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