Rafarma Inks Deal For CBD-Infused Drink Product
Rafarma Pharmaceuticals, Inc. (OTC: RAFA) is pleased to announce finalization of the agreement with Destination Marketing Group Co. Ltd. Thailand. Under the agreement, Destination Marketing will provide outsourcing services for production of CBD-infused natural Mango, Guava and Pineapple canned drinks for retail consumption. Destination marketing is already accepting bids from major producers in Thailand to produce the juices to be used with the Slovenian products developed by the Rafarma professional team. All of the ingredients for the products will be locally produced in Thailand. Initially the product will be packaged in 33 ml metal cans and will be marketed throughout Europe. The Company expects the wholesale price of the product to come between $0.25 and $0.28 per can. Rafarma currently can fulfil demand of approximately 2 million cans per month by using its European distribution network partners. Rafarma wants to introduce the product to the market as early as September of 2020.
“We are excited to finally introduce these superb new CBD Beverages to the market. Mango, Guava and Pineapple juices from Southeast Asia are the most high-quality and most popular flavors and are consumed all over the world. These juices with CBD infusion are expected to meet incredible demand and please consumers with all of the positive qualities of cannabis contained in CBD. In addition to that, these are also very high margin products for the Company that expect to show a 22% profit increase to the Company shareholders,” comments Rafarma CEO Vladimir Dolgolenko.
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SOURCE: Rafarma Pharmaceuticals, Inc.