AUSTIN, TX/ACCESSWIRE/April 18, 2022/ Turner Valley Oil and Gas, Inc. (the “Company”) (“Turner”) (OTC PINK: TVOG), now doing business as Turner Venture Group, Inc., announced that the Company has completed the acquisition of Herban Healing LLC (“Herban” or “Herban Healing”), a privately held, fully integrated CBD company in the United States. Herban Healing produces and sells over 100 premium SKUs on its robust e-commerce and marketing platform and 3 unique retail stores in the Greater Houston Area.
Turner’s second acquisition is now complete
The grand opening of the 3rd Herban Healing store will be announced soon
The Company is now generating revenue
Turner intends to invest up to $150,000 in Herban Healing LLC to fuel new store growth and expansion
Agreement Brings Industry Expertise in Join Management
This is Turner’s second acquisition in the hemp and wellness segment following Bloomi Labs LLC’s previous announcement. As detailed in our venture capital holding company model, we tackle companies with high growth potential that integrate well with each other, giving Turner competitive advantages to streamline the supply chain and improve ‘client experience. This acquisition is accompanied by new management appointments which will be announced in subsequent press releases as well as financial history and forecasts.
Complete purchase and sale agreement available here: https://www.otcmarkets.com/stock/TVOG/disclosure
Based in Houston, Texas, Herban Healing produces an award-winning line of health and wellness products using hemp-derived CBD in a variety of consumer categories such as oils, topicals, tinctures, coffees and teas. , ingestibles, and personal and pet care products containing 0% THC. Additionally, Herban Healing provides B2B manufacturing services for a variety of partners. Herban Healing is deeply committed to quality control and consumer transparency, and boasts an experienced US medical cannabis industry management team, a growing distribution network of 3 retail stores and a solid e-commerce and marketing platform.
Shop online or visit a store: https://herban-healing.com/
Facebook Herban Healing: https://www.facebook.com/HerbanHealingHH/
Herban Healing Instagram: https://www.instagram.com/herban_healing
Dr. Jordan Balencic, President and CEO, said, “We are very excited to announce our first acquisition of 2022, which expands the company into the lucrative hemp and wellness space in CBD wellness brand with exceptional products and an established manufacturing and distribution platform.The acquisition of Herban represents only the first step in our acquisition strategy, as we plan to continue releasing new shareholder value by acquiring stakes in other innovative brands and companies focused on healthier living and sustainability.”
Since hemp/CBD became federally legal in 2018, Herban Healing has expanded to 3 outlets in the greater Houston market. The third location is about to open and official opening details will be announced soon. Herban Healing’s outlets allowed them to establish recurring business, brand identity, product trials and gross profitability. Herban Healing established a credit card merchant account and an operating account for this business through a local federally insured community bank.
These locations served as case studies to model expansion potential by management to plan for expansion to up to 10 locations in the short term, subject to funding and strategic direction. This footprint will drive sales and profits, but also help establish a strong retail presence in the event of future reform leading to new product opportunities.
Production and product development
Herban Healing is an integrated seed-to-shelf manufacturer and distributor of its full line of products. All products are made in the USA with ingredients made in America. Herban Healing has developed more than 100 products that have passed testing through a Certificate of Analysis (“COA”) and other regulatory steps required for sale in all 50 states. These products include tinctures, pain relievers, flowers, lotions, bath salts, edibles, beverages, and various other products that include their own recipe of CBD or other compounds.
Hospice Trials (WholeSale)
Exciting to include Herban Healing has started a trial with a leading palliative care provider who, upon completion of their trials, may be considering expanding their own brand of hemp, CBD and related products as an operation wholesale / white label. The intention of this group is to offer its patients alternative CBD supplements as an alternative to traditional pharmaceutical treatments.
Herban Healing wants to grow its business through a multi-pronged approach. This includes establishing wholesale distributors, increased e-commerce efforts, white-label customer programs, and additional outlets. Management strongly believes that sales can be expedited profitably by providing comprehensive distribution opportunities with existing retail outlets and distributors of similar industry products. These industries not only include current CBD outlets, but also cosmetic, medical, and wellness products. There are also opportunities in the physiotherapy sector.
About Turner Valley Oil and Gas, Inc.
Turner Venture Group (OTC:TVOG) is a public venture capital firm that acquires stakes in innovative brands and companies focused on healthier living and sustainability. The company is focused on creating shareholder value by pursuing opportunities in food and beverage, hemp and CBD, household products, personal care and consumer health technologies with applications potential of blockchain and NFTs (non-fungible tokens). Turner’s first acquisition of Bloomi Labs, LLC includes unique, domestically manufactured CBD Hand Sanitizer products. The company’s second acquisition, Herban Healing, LLC includes an established CBD/hemp operator with 3 existing retail stores and an online business presence.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. These forward-looking statements have the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
None of the statements contained in this announcement or via websites linked herein have been evaluated by the FDA. Further, none of the statements in this announcement or any website linked herein should be construed as dispensing medical advice or making claims regarding the cure of disease. You should consult a licensed healthcare practitioner before beginning any supplement, diet, or exercise program, particularly if you are pregnant or have any pre-existing injuries or medical conditions. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.
Read the full disclaimer here: https://TVOGinc.com/contactus/disclaimer/
OTCMarkets Profile: http://www.otcmarkets.com/stock/TVOG/profile
Corporate website: http://TVOGInc.com | http://BloomiClean.com
Twitter: http://twitter.com/tvoginc | http://twitter.com/BloomiClean
THE SOURCE: Turner Valley Oil and Gas, Inc.
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