Cigars are all about nicotine and tobacco, right? Maybe not. Cartel Blue, Inc. (OTC: CRTL) and Philip Moreb, CEO, already has $527,000 purchase orders for his line of ‘boutique’ indoor grown hemp-based in Nashville hand rolled cigars. And his Company has another $137,500 in monthly orders for late 2022 spilling into 2023.
“In December 2022 we will start our online launch,” says the 55% owner of the closely held company. CRTL is based Carlsbad, Ca., with hemp sourcing from Nashville, Tenn., and a hand rolling cigar operation in Ft. Lauderdale, Fla.
HEMP INFUSED CIGARS?
Nicotine-free, plant based vaping is a growing $7.4 billion international trend. But tobacco-free and hemp-infused cigars?
“Yes,” says Moreb. “We are now fulfilling a standing purchase order from a New Mexico client for $527,000. These are hand rolled cigars. We don’t think we have any competitors for this. The boutique hemp is grown in indoor greenhouses in Nashville, making this a USA-product.”
In addition, CRTL also has a purchase order for $137,500 for 55,000 mini-cigars. That order is scheduled to spill over into 2023, Moreb says. These are machine made.
Business is becoming so strong that Moreb says he is considering buying a Turkish-made pre rolling machine for the Company’s Ft. Lauderdale facility at $255,000. It would increase CRTL’s capacity to meet future orders. The Company is also considering a Reg. A filing in the future for fund-raising to meet growing demand for hemp-based, hand rolled and machine made mini-cigars.
At age 58, Moreb is a serial entrepreneur who sees a strong trend and acts on it. In 2019, he purchased CRTL for its $100,000 in debt.
“I saw the potential of CRTL,” Moreb says. “We are in discussions with other branded cigar companies who are excited about the hemp cigar trend. We are revolutionizing the business. It’s like taking a gas car and making it electric overnight.”
Hydroponic hemp cigars are a new trend emerging from a traditional tobacco and nicotine industry. CRTL is in front of the business.
CONCLUSION
CRTL is a trend-forward OTC play. Tobacco and nicotine companies are eager to enter plant-based vaping internationally, entering into a $7.4 billion global market projected to grow at a fast CAGR of 27.3% by 2030, a study by Grand View Research shows. So, can hemp-infused hand rolled and machine made mini-cigars be far behind? American-sourced hemp is an exciting growth market. To infuse them into cigars, hand rolled and machine made, could make CRTL worthy of investor attention.
Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degrees of risk. It is possible that an investors investment may be lost or due to the speculative nature of of the companies profiled. CaptalGainsReport ‘CGR’i s responsible for the production and distributions of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. CGR is compensated two thousand dollars monthly via wire transfer by Cartel Blue Inc to produce and syndicate content related to CRTL. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosures statement that can be found on our website.
Media Contact
Company Name: Capital Gains Report
Contact Person: Mark McKelvie
Email: Send Email
City: NAPLES
State: FLORIDA
Country: United States
Website: https://capitalgainsreport.com/
