Correct BG, CANB making all the right moves! Gotta Love todays News Release.
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Can B Corp. Expects Nearly $500,000 Annual Savings With Successful Completion of Move of Pure Health Products From Lacey, WA to Colorado
HICKSVILLE, NY, Oct. 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”), a health and wellness company specializing in developing, producing, and selling hemp-derived cannabinoid products, is pleased to announce its move and consolidation of its Pure Health Product operations from Lacey, WA to Colorado. This furthers Can B’s corporate consolidations as it previously did with Miami and McMinville operations also relocating to Colorado.??
Marco Alfonsi, Can B’s Chief Executive Officer, stated, “This consolidation is expected to save the Company nearly $500,000 annually in rent, staffing and shipping related expenses. We have just completed delivery of 3 of the expected 4 semi-loads of equipment and raw materials for Pure Health Products from Lacey, WA, to Colorado. Today, Colorado is the base of operation for all manufacturing, processing, packaging, and shipping of all hemp and non-hemp related, CBD, nutrients, supplements, and Superfood products for all Can B subsidiaries.”
The move included relocating all of the Superfood products manufacturing, process, packaging, labeling, and raw materials/ingredients for Integrity Brands by Brooke Burke Body and other brands to the Company’s Fort Morgan facility on County Road 21, known as the “Budweiser Building.”
Pure Health Products expects to have the Superfood production in full operation by mid-October 2023.
The other production equipment, including bottling lines, capsule machines, tablet presses, coating machines, wet and dry pouch machines, and various packing sealing and coding equipment, was split into two segments between Hakala Research, LLC in Glen Rock, Wyoming, under a use agreement and CO Botanicals building on Energy Road in Fort Morgan, CO known as the “ICS Building.” This equipment will continue production of PHP’s white-label and brand-labeled tinctures, salves, roll-ons, oils, supplements, lotions, and related products, both with and without CBD. This equipment is expected to be operational by the end of October 2023 as the Company also has sufficient products in inventory to meet expected demand for 45-60 days at current usage.
About Can B Corp.
