Luckily, some companies are trying to pave the way to a hemp-friendly industry. One of those companies, for instance, is FBEC Worldwide Inc (OTCMKTS:FBEC), which is an innovative beverage company whose main product, the WolfShot Hemp Energy shot, is infused with CBD. Not only has FBEC Worldwide, Inc. made a proprietary beverage using hemp, but they will also resume selling in on Friday, November 6. Consumers will be able to purchase the energy shot on www.Alibaba.com, www.Ebay.com, and www.WolfEnergyShot.com with more online destinations to be announced. Here is what CEO Jason Spatafora had to say:
“We are all very excited to get WolfShot back online for retail purchase. FBEC’s current strategy is one that preserves wholesale & retail distribution for the long term. With that said, online sales are a key component to the revenue equation given the cost that goes into the first round of production. Many of these costs associated with designing, packaging and sourcing ingredients on a large scale have fees that get factored into the first run of any product being made there by increasing the overall cost per unit. Our strategy is one that should potentially reduce our costs and improve upon our margins, giving us far more latitude with the wholesalers/distributors we currently have in place.”
FBEC Worldwide Inc (OTCMKTS:FBEC) is also working on developing other e-platforms to carry multiple brands of products that are currently being made not by just FBEC, but other partners that the company is currently in negotiations with. Distribution channels plan to reach dispensaries, gas stations, head shops, and other brick locations. “WolfShot is the only hemp infused energy drink on the market that I know of using 100% real hemp juice. Competing products use either hemp seed oil or hemp powder. Hemp juice is derived from the actual hemp plant itself and, therefore, contains phytonutrients that oil and powder do not. When looking at the health benefits of hemp juice versus hemp oil or powder, a comparable analogy would be a shot of wheatgrass compared to a slice of wheat bread,” Spatafora added. Over the last three months, FBEC has seen a high of $0.12 and a low of $0.011. That’s a difference of 990%. With such a major expansion, FBEC is a great company to watch.
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