New Age Brands Inc. (OTCMKTS:NWGFF) gained 1.78% in the last trading session to close the day at $0.05 after the company announced that its subsidiary We Are Kured LLC expanded its reach to the growing CBD market in France.
New Age expanding to Europe
The expansion into France is part of the company’s strategy to go international following its recent success in South America. The subsidiary launched Kured International LLC which has made substantial progress in penetrating European CBD market. The successful launch into Europe was spearheaded by Kured International’s Managing Director Yves Yon. The New Age Brands subsidiary is currently offering its CBD vape pens in CBD dispensaries across Paris in France.
The Kured vape pens which are 100% THC free are compliant to the CBD guideline in France that require THC to be less than 0.02% in CBD oil. Following the introduction of the disposable vape pens to distributors and CBD stores across Paris, the company feels that they will soon focus more on distribution in the European market.
New Age Brands Chief Marketing Officer and CEO of Kured, Benjamin Martch, indicated that the European market has been under discussion with the management for quite some time and after getting encouraging feedback from distributors and store owners in Paris the company will now focus on the European market that has so much potential.
Disposable Vape Pens feature on LeafLink platform
Last month We Are Kured became the first CBD Company to feature on LeafLink the nationwide cannabis platform. LeafLink is considered to be the cannabis industry standard platform for cannabis distributors, brands as well as retailers determined to streamline the process of ordering, simplifying of communication and spending minimum time on work.
Benjamin Martch, the CEO of We Are Kured, stated that the featuring of their disposable vape pens on the LeafLink Online platform was another example of a leading cannabis company creating a niche in the CBD industry. Benjamin also said that Leaflink was a remarkable online wholesale platform and the company was delighted to the first CBD company to feature on their platform.