“The Company’s objective is to establish ourselves as a vertically-integrated, quality wholesale supplier of a full line of CBD, hemp and cannabis products. With the Farm Bill overwhelmingly passing the Senate and House last week, and expected signing by the President this week, we are preparing for a significant influx of new U.S. Hemp supply coming to the market and the industry to rapidly expand with some analyst reports calling for CBD to become a $20+ billion dollar industry over the next 5 yrs. By building on prior relationships in the commodities business, our current efforts are focused on positioning the company to become the go to, trusted source provider of bulk hemp, isolate, oils and CBD products nationwide. Currently, the market for CBD and hemp related product is very fragmented with many small players lacking break-point purchasing power. As we consolidate the CBD needs for this segment, we believe we can scale up for larger breakpoints through aggregate purchasing while capturing a fee, payable in cash or the commodity or both. In addition, we are looking at several potential, revenue producing acquisitions to vend into our company as wholly owned subsidiaries, which are in the cannabis space. By vertically integrating, our plans are to source hemp/cbd at bulk rates with savings passed on to subsidiary and/or partner companies.
"We are actively building partnerships with growers, producers and retailers. Our plans include hiring a full sales force focused on the CBD market, providing support for our wholesale and retail partners and developing new markets for our products and services. We intend to leverage our experience in distribution and logistics across all channels of the supply chain and scale the business model across the US as states modify their laws. Green Globe will differentiate itself by focusing on high quality products and maintaining consistent supply for our customers by controlling everything from growing through distribution.”
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