KELOWNA, BC / ACCESSWIRE / July 18, 2016 / Laguna Blends Inc. (CSE: LAG) (OTC: LAGBF) (Frankfurt: LB6A.F) (the “Company” or “Laguna”), a network marketing company, today highlights recent milestones complementary to its overall growth strategy and planned entrance into the $121 billion global skin care industry.
Most recently and as previously announced, Laguna signed a non-binding letter of intent to acquire the exclusive license brand name and existing inventory of CannaCeuticals of California, USA (“Canna”), a Swiss heritage company utilizing cosmeceutical-grade cannabidiol (CBD) for its line of revolutionary skincare products. Upon closing of the transaction, Laguna Blends will leverage its expanding affiliate marketing network to sell Canna products in North America. Per the agreement, Laguna will also receive license and marketing rights to sell Canna products in Asia, Europe and Mexico, subject to regulatory approval in those markets.
In a recent clinical trial of the efficacy of Canna’s CBD face
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