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  • Professor Andrea M. Armani, University of Southern California
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  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Cartel Blue, Inc. Reports Increased Sales; Enters Retail/Convenience Store Market

Carlsbad, California–(January 30, 2023) – Cartel Blue, Inc. (OTC Pink: CRTL), a Nevada corporation, and manufacturer of Hemp Cigars, and THC Products and branded accessories, reported it secured new contracts with national convenience store chains and liquor stores this quarter. The Company also expanded its product offerings and began distribution through its affiliate, distributolgov.com, including supply of 0.3 THC (psychoactive compound delta-9-tetrahydrocannabinol) products. Now legal in all 50 States after a 85-year ban, the Company can ship 0.3 THC Products direct-to-consumer with residential home delivery, made possible when President Donald Trump signed The 2018 Farm Bill into law on December 20, 2018, which legalized industrial hemp not exceeding .03 THC dry weight federally. Higher dose THC Hemp Products (up to 1.0 THC) will be distributed by the Company nationally when federally approved, as proposed under the Hemp Advancement Act of 2022, currently in sub-committee with the US House of Representatives.

Cartel Blue’s hemp-based consumables, including Cartel Blue edible THC Gummies, Hemp Cigars and Cigarillos, CBD Oil, and Vape Pens, have gained solid traction in the market and are now available at 7-11 and Circle-K store locations in Southern California. Additionally, the Company has gained several large purchase orders from specialty retailers for its boutique, hydroponically grown Hemp Cigars and its new line of Cartel Cigarillos. Due to accessibility of the products and broader based market acceptance by the consumer, and recently published studies verifying health benefits, the Company expects to see continued sizable revenue growth.

Philip Moreb, CEO, advised he expects to see a sharp increase in orders from convenience store and liquor store retail outlets throughout the United States, especially for the Hemp Cigars and THC 0.3 Gummies, in the first quarter of 2023. Philip further added, “We have yet to see any cannabis competitors in the hemp cigar space, and we’re confident that our specialty hand-rolled Hemp Cigars produced here in the United States using organic hemp grown in our hydroponic greenhouses in Miami, Florida, will have high demand as the consumer seeks healthier smoking alternatives. Reports suggest that the nicotine-free, plant-based products market has grown to $7.4 billion, which is projected to grow at a fast CAGR of 27.3% by 2030, and Cartel is poised to disrupt the market with its l groundbreaking and competition-less hemp cigars.”

The Company is preparing a Tier 2 Reg-A public offering to raise capital for: (i) build out of state-of-the-art Cartel Blue Cigar Lounges in San Diego, CA, Los Angeles, CA, Palm Springs, CA, Las Vegas, NV, Miami, FL, Seattle, WA, and Atlanta, GA featuring Cartel Blue’s premier luxury branded Hemp Cigars along with other premier cigar brands and cigar products, (ii) build-out of a hydroponic indoor grow center in Miami, FL for cultivation of high grade hemp, expanding material supply for manufacture of Cartel Cigar Products in the immediate term, and (iii) additional equipment at its Ft. Lauderdale, FL facility including a Turkish-made pre-rolling machine capable of producing 300,000 units of cigar products per month. With this new significant investment into capital equipment and build-outs, the Company is well positioned to meet near term growth needs, as well as future growth (1.0 HTC products) when federally approved, and meet consumer demand for CBD products anticipated if marijuana is federally approved.

 

Safe Harbor Disclaimer

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of Cartel Blue, Inc. to materially different from the statements made herein.

For Additional Information, please contact:

Cartel Blue, Inc.

Investor Relations (310) 955-0099 Email: philip@cartelscigars.com Website: www.cartelscigars.com

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