The new agreement will see Whisper Weed make use of its partner’s business expertise
A new partnership in the cannabis industry will help a company enter the fast-growing California cannabis delivery market. Cannabis Global, Inc. has announced that it has finally closed an executed agreement with the company Whisper Weed, Inc. to create a new California Corporation, CGI Whisper W, Inc. Under this joint venture, Cannabis global will have access to use the delivery services provided by Whisper Weed and providing management services in return. The agreement states that 51% of all revenue will go to CGI Whisper W, Inc., which will be recognized as Cannabis Global income.
“The delivery sector is the hottest area of the California cannabis business and we are very pleased to have a seat at the table,” commented Arman Tabatabaei, CEO of Cannabis Global. “We not only will be able to grow our revenue base relative to direct delivery, but we also see Whisper Weed as a perfect platform to launch our infusion technologies in the regulated marketplace. With the deal closing, we are already in the process of adding other delivery platforms and other businesses to our overall portfolio.”
This is an important milestone for Cannabis Global, as it continues towards the verticalization of its IP-driven focus. The multiple innovations developed by the company for cannabidiol (CBD) and non-tetrahydrocannabinol (THC) markets can be easily introduced to the regulated California marketplace, including technologies like the newly-created tetrahydrocannabivarin (THC-V) and Cannabinol( CBN) delivery technologies.
Whisper Weed offers its services through its website where consumers can browse products like flower, pre-roll, cartridge, edibles and many other categories. This is a fast and efficient service, so the consumer can sign up on the website, order and then have the products delivered within just a few hours.