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Cannabis Global Inc (OTCMKTS:CBGL) Stock Gains After Exclusive Distribution Agreement

Madison Hall , , , ,

If you are currently looking into cannabis companies then it could be a good time to perhaps start taking a look into Cannabis Global Inc (OTCMKTS:CBGL). It is a licensed distributor and manufacturer in the cannabis sector and is based out of Los Angeles. Yesterday, the company announced that it had gone into an exclusive distribution agreement with KRTL International Corp for HuellaSingani in California.

Trading Data

On Tuesday, CBGL stock jumped 20% to $0.0006 with 2.49 million shares, compared to volume of 2.58 million shares. The stock moved within a range of $0.0004 – 0.0006 after opening trade at $0.0005.

Cannabis Global and KRTL International Corp. Announce Exclusive Distribution Agreement for Huella Singani

In this partnership, the company would be the exclusive distributor of the product in the California market. KRTL International Corp is a fully owned subsidiary unit of KRTL Holding Group Inc. KRTL International Corp is going to license an exclusive drink originating in Bolivia known as HuellaSingani. The territories in which the product is going to be distributed include Columbia, United States, Mexico, Dominican Republic, Jamaica and Canada.

The product in question is a Bolivian spirit that had been distilled from white Muscat of the Alexandria grapes which are available in the Bolivian Andes. In fact, it is the national distilled spirit of the country and is culturally important. It could well be a significant new deal for Cannabis Global and it would be interesting to see if it has any effect on the stock.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.