KERRVILLE, TX / ACCESSWIRE / October 9, 2020 / Turner Valley Oil and Gas, Inc. (the “Company”) (“Turner”) (OTC PINK: TVOG), now doing business as Turner Venture Group, Inc., is pleased to announce the acquisition to 100% of Bloomi Labs LLC in one all-equity-for-equity transaction. Bloomi Labs LLC is a proprietary CBD product development company with a flagship product called BloomiClean â¢, an ethyl-based hand sanitizer infused with 100 mg of CBD, aloe vera, and vitamin E.
BLOOMI LABS LLC
BloomiClean â¢ is made from organic produce, with CBD sourced from an Illinois hemp farm, THC free and produced in an FDA qualified facility. The product is turnkey for retail sales, online sales and the marketing strategy has been launched with an official launch date soon. Turner has cultivated numerous influencers on social media and celebrity relationships, as well as large corporate retailers in drugstores, CBD stores, beauty products and many more who are keen on building relationships of distribution. Retail distribution expansion efforts have been developed with a large network of distributors being formed to map new markets and strengthen supply chain efforts.
Bloomi Labs LLC is pleased to announce that it has signed a special manufacturing agreement with a confidential manufacturer in St. Louis to provide products at cost, in exchange for a profit sharing agreement, which does not require the dilution of Turner’s shares. This way the parts are aligned to help reduce costs and increase volumes. Currently, the maximum capacity is 30,000 bottles per month.
Distributors, retail stores, influencers, consumers or other interested parties should contact Rick Hupe at [email protected]
“The global hand sanitizer market was valued at US $ 2.6 billion in 2019 and is expected to experience very high growth in 2020 and would reach a market size of US $ 15.3 billion by the end of 2020. Furthermore, the market is expected to experience a compound annual growth rate (CAGR) of 9.15% during the period 2021-2026. “
âThe global cannabidiol market was valued at USD 4.6 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 22.2% from 2019 to 2025 to reach USD 23.6 billion. The demand for cannabidiol (CBD) for medicine and wellness is high due to its healing properties, which is the key factor in the growth of the market. Additionally, the increasing adoption and use of the products due to government approvals is a major factor that is expected to drive demand for cannabidiol infused products.
For more information: https://www.grandviewresearch.com/industry-analysis/cannabidiol-cbd-market
The Company operates as a Venture Holding Company which acquires stakes in innovative products and companies in the health, wellness, sanitation, infrastructure and critical supply chain sectors. The Company’s second planned acquisition is a supply chain and e-commerce company. This company has extensive distribution agreements with established laboratories and manufacturers for essential supplies for its commercial customer lists. The completion of these contracts is expected to be announced in the near future.
âWe are delighted to have completed Phase 1 and launched Phase 2, including the finalization of the acquisition of Bloomi Labs, LLC. This brings us to an income generating company which, although at an early stage, has a lot of upside potential based on existing marketing plans, âCEO James B. Smith said of the progress. towards the business milestones described above.
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About Turner Valley Oil and Gas, Inc.
Turner (OTC PINK: TVOG) is a Venture Holding Company that acquires stakes in innovative products and companies in the health, wellness, sanitation, infrastructure and supply chain segments. Turner’s acquisition of Bloomi Labs, LLC has the proprietary formulation of a nationally made CBD hand sanitizer.
Certain statements contained in this press release are forward-looking and involve a number of risks and uncertainties. These forward-looking statements are as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
OTCMarkets Profile: http://www.otcmarkets.com/stock/TVOG/profile
Full Disclaimer: https://TVOGinc.com/contactus/disclaimer/
Company Website: http://TVOGInc.com
James b smith
Turner Valley Oil and Gas, Inc.
DBA Turner Venture Group, Inc.
Address: 317 Sidney Baker Sud Bureau 400-264
Kerrville, Texas 78028
Email: [email protected]
THE SOURCE: Turner Valley Oil and Gas, Inc.
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