Green Gorilla Signs $10 Million Exclusive International Distribution Deal With Ecobrands
As part of the agreement, Green Gorilla will be the only CBD brand distributed by Ecobrands and both companies have agreed to a $9.8 million minimum and a $25 million projected value on the first three years.
Green Gorilla™, a leading manufacturer and brand of certified organic hemp cannabidiol (CBD) products, will now have its line of products available at leading dealers throughout Europe and Scandinavia. The company has signed an exclusive distribution agreement with Ecobrands AS, a leading distributor of high-end organic herbal products and natural supplements with a professional team that has 30 years of experience in the industry.
As part of the agreement, Green Gorilla™ will be the only CBD brand distributed by Ecobrands and both companies have agreed to a $9.8 million minimum and a $25 million projected value on the first three years. Ecobrands currently has more than 5,000 dealer accounts comprised of groceries, natural health stores, natural therapists/clinics, spas and pharmacies across Europe and Scandinavia.
“This agreement will exponentially increase our distribution and catapult us into the global CBD marketplace,” said Steven Saxton, CEO and founder of Green Gorilla. “Green Gorilla is uniquely positioned to provide consumers with the highest quality certified organic CBD products worldwide and lead the industry forward as CBD becomes a product found in every household.”
Green Gorilla™ recently acquired two farms totaling more than 1,500 acres through its Gorilla FarmCo™ subsidiary. The farms will be used for planting, growing and harvesting organic hemp that will be used in Green Gorilla™ CBD products, offering consumers a seed to shelf line of USDA Certified Organic CBD products.
“In a market flooded with an enormous amount of CBD brands, Green Gorilla stands out because of its manufacturing standards and high-quality ingredients,” said Hans Kare Lundestad, CEO of Ecobrands AS. “We will be bringing Green Gorilla to thousands of our retail partners and are confident the brand will very quickly be relied upon by consumers for its efficacy and value.”
Green Gorilla™ is a vertically integrated global brand in the hemp and cannabis industries and a leading manufacturer of USDA certified organic hemp-derived cannabidiol (CBD) products such as pure CBD oil, full-spectrum CBD oil, CBD topicals, CBD gummies, CBD for pets and CBD for horses. The company markets its organic supplements and topicals under the brand Hemp & Olive™. Green Gorilla™ was established in 2013 by founder Steven Saxton. Green Gorilla™ products are sold at more than 5,000 retailers in the U.S., Europe and online. The company is based in Malibu, California. More information is available at Green Gorilla’s website, https://ilovegreengorilla.com.
Gorilla FarmCo™, a subsidiary of Green Gorilla, owns and operates more than 1,500 acres of organic hemp farmland and has farming partners in Arizona, California, Colorado, Nevada and Oregon. Gorilla FarmCo™ utilizes sustainable organic agricultural practices benefiting the environment by maintaining soil quality without the use of chemical fertilizers, reducing soil degradation and erosion through cover crops and saving water by increasing soil organic matter. Gorilla FarmCo™ deploys farming techniques that protect the environment, public health, human communities and animal welfare. More information is available at Gorilla FarmCo’s website, https://gorillafarmco.com.
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FORWARD-LOOKING STATEMENTS: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned that all forward-looking statements contained herein are reasonable, any assumption could be inaccurate and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
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