Charlestowne Premium Beverages Inc. (FPWM) Announces It Is in Negotiation to Acquire US Vodka Brand, V Georgio Vodka

Charleston, South Carolina--(Newsfile Corp. - April 8, 2021) - Charlestowne Premium Beverages Inc. (OTC Pink: FPWM) ("the Company"), seeking to become a dominant presence in the premium cannabidiol (CBD) infused alcohol space, announces it is in negotiation to acquire a US vodka brand. The agreement will allow Charlestowne Premium to expand its portfolio of beverages.

V Georgio Vodka was established in South Beach in 2006. V Georgio Vodka has produced three vodka varieties: a core traditional premium vodka; a vodka infused with natural cranberry and guarana; and an Acai flavored vodka, all with natural flavors.

When the brand was launched its primary focus was on the urban market in Florida. This brand will be modified to become the focus of Charlestowne's CBD infused vodka in the domestic U.S. market when permitted by the TTB, the governing body for distilled spirits in the U.S.

Charlestowne Premium Beverages, Inc. CEO Martin Ustin said: "I am very pleased the effort that has gone into building our portfolio with exciting and unique brands and products. V Georgio is an exciting prospect and would fit perfectly within our current selection of spirits. It matches really well with our ethos and mission."

"Details of the acquisition will be made available when complete," Ustin added.

Cannabidiol, or CBD, is a non-psychoactive cannabinoid found in hemp - meaning it will not give the user a "high", unlike THC. Since the Farm Bill was passed in the US in 2018, CBD has been experiencing a large growth in use in consumer products and has experienced increased demand in the food and beverage, and health and beauty sectors.

Charlestowne Premium Beverages Inc.'s portfolio includes spirit brands PAPA Vodka and Proprietors Reserve Whiskey. PAPA Vodka, its main product, is an artisanal vodka made from Peruvian potatoes with and without infused hemp oil, which complements and enhances the flavor of the drink in those markets where it is permitted.

Charlestowne Premium Beverages Inc. Logo

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6891/79740_2082932d3409689b_001full.jpg

About Charlestowne Premium Beverages Inc.

Charlestowne Premium Beverages Inc. (FPWM) is a company that develops, produces, markets and distributes alcoholic beverages worldwide. The Company's portfolio showcases spirit brands such as Papa Vodka, Crocodile Tears Vodka, Proprietor's Reserve Whiskey, and Special Reserve Whiskey. Charlestowne Premium also has Wholesaler and Import permits from the Alcohol and Tobacco Tax and Trade Bureau - the governing body for spirits in the U.S. under the Department of the Treasury.

To learn more, please visit www.charlestownepremiumbeverages.com and follow us on Twitter at @CharlestowneCB1

IR Contact: [email protected]

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 contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79740