Cartel Blue announced its plans to formalize their business presence in Ft. Lauderdale, Florida and decision to locate new facilities in the Opportunity Zone of this region to support the manufacture and distribution of all of its products. The new 20,000 Sq. Ft. facility will be converted into a 3,000 light hydroponic grow operation for boutique hemp cultivation which will be used to formulate and manufacture CBD oil products, THC 0.3 THC (psychoactive compound delta-9-and delta-8-tetrahydrocannabinol) dissolute, CBD oil, edible gummies, vape pens and hemp cigar products, and will include equipped manufacturing suites, packaging and labeling equipment, and distribution center. The grow facility will also support hemp sales to wholesalers in the secondary market.
Cartel Blue's CEO, Philip Moreb explained that the Company's decision to expand manufacturing in the Opportunity Zone in Ft. Lauderdale for production of all of its products, was influenced by the hemp and CBD industry friendly policies in this region of Florida, reduced facility overhead costs for leased property, tax-free/pro-business policies, and close proximity to air and sea terminals to support product distribution - domestically and into the EU. Additionally, Cartel Blue's President, Phillip LaRocca, Judge retired, will oversee and manage the conversion and operations of the new facilities. The Company plans to retain a warehouse/distribution facility in Palm Springs, California which will be managed by Mr. Moreb to support West Coast U.S. distribution, that will include a showroom for retail customers.
Mr. Moreb also announced Cartel Blue is formalizing terms with distribution partners in the EU to distribute hemp cigar products to retailers in the EU. The Company expects the new facility to produce 300,000 hemp cigars per month, to supply the US and EU markets.
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