Gridiron Bionutrients Inc (OTCMKTS:GMVP) is expanding the business in the CBD oil processing space. The company also entered a collaboration accord with Notis Global Inc (OTCMKTS:NGBL). It has also signed a biomass supply agreement with Colorado-based Shi Farms on revenue sharing basis.
Uses expertise to evaluate business prospects
President of Gridiron, Tim Orr, said the company is pleased to execute the key measures to expand the business. The company also entered a collaboration pact with Notis. As per the terms of the collaboration agreement, both Notis and Gridiron will apply their expertise to explore and evaluate the business prospects in the hemp CBD supply that include purification, extraction, cultivation, and retail products.
Biomass supply accord with Shi Farms
Gridiron entered a biomass supply agreement on a monthly revenue sharing basis with Shi Farms. Tim said these important steps help the company to move forward with its expansion plans within the CBD space.
Gridiron secured financing of $499,500 at a 10% discount to the original issue 10% convertible redeemable senior secured notes. The financing allows the company to expand its operations within the CBD processing space.
Pursues business opportunities in CBD oil processing
Gridiron is pursuing business prospects in the CBD oil processing space. It has secured high-squality industrial hemp (10,000 lbs) earlier this month and engaged a third-party provider to extract CBD oil. Tim said the company decided to add CBD oil extraction to its core business. He further said moving within the CBD space will help accelerate its growth.
The product line of Gridiron
The product line of Gridiron comprises Gridiron certified CBD Alkaline Water with 15 mg of CBD, Gridiron certified CBD H2O Alkaline Water with 15 mg of CBD, and Gridiron MVP Alkaline Nutrition with Probiotics. Its other products include ointments, oil, capsules, and concentrates.
Gridiron MVP water, which comprises L-Rhamnosus, Lacto- bacillus-Acidophilus, Bifidobacterium-Bifidum, Streptococcus-Thermophilus, Lactobacillus-Lactis, and B-Longum promotes quick recovery and maintains higher pH levels in the body.
Gridiron CBD Alkaline Water is free from THC. The hemp-derived Alkaline water comprises CoQ10 vitamin and probiotics and electrolytes. It is a non-psychoactive drink to maintain high energy levels and improve mental health and immune system.
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