Ignite International Brands fired up over agreement to get products into Europe’s legal cannabis market

Angela Stelmakowich - thegrowthop.com Posted 5 years ago
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Ignite International Brands, Ltd. is poised to get its CBD tinctures and vape product line into Europe’s legalized cannabis market with the signing of a binding letter of intent (LOI) with a vertically integrated European white label manufacturer.

 

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“It is proposed that the European manufacturer will, under non-exclusive licence to be granted by the company, manufacture, package and distribute Ignite-branded products to select wholesale and retail channels in strategic European territories subject to and in accordance with applicable jurisdictions laws and regulations,” reports the investment company with a focus on opportunities in the Canadian and global cannabis sector.

“Upon completion of due diligence by both parties, it is expected that the binding LOI will be confirmed by definitive agreements by Mar. 31, 2019,” notes the Ignite press release.

 

 

Both Ignite and the manufacturer plan to jointly develop a marketing program that will support the launch of branded products in select markets, the statement adds.

Ignite reports it intends to build upon the strategic distribution relationship to introduce a host of branded products to legal European cannabis markets, which Prohibition Partners estimated in July 2018 could exceed $165 billion in value by 2028.

 

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