Arman Tabatabaei of Cannabis Global, Inc. (OTC:CBGL) and Jim Riley of Natural Plant Extract of California, Inc. (“NPE”), which operates a licensed cannabis manufacturing and distribution business operation in Lynwood, California, discuss how their companies are working together on synergistic cannabis distribution and product manufacturing opportunities.
“We have expanded our ownership position in NPE as we believe it has a potent mix of upcoming product offerings and an exceptional management team headed by cannabis industry veterans with extensive business leadership, marketing, and branding experience. We see strong synergies with this management team and business model moving forward,” commented Arman Tabatabaei, CEO of Cannabis Global.
NPE and CBGL plan to finish the build-out of a full-scale, state-of-the-art cannabis extraction and product manufacturing facility, scheduled to be completed during the first half of 2021. The products manufactured at the Lynwood site, and products manufactured by other companies, will then be distributed to retailers throughout California via Northern Lights Distribution, a subsidiary of NPE. Aside from the extracted product inputs and finished consumer products, the Cannabis Global team will also have access to a state-of-the-art portfolio of botanically derived and cannabis-inspired terpenes.