Cannabis company Lifted Made signs distribution deal
LAKE FOREST -- Acquired Sales Corp. announced that its wholly-owned subsidiary Zion-based Lifted Made, maker of hemp and hemp-derived products including CBD and delta 8 THC, has signed an exclusive agreement with Des Plaines-based Girish GPO to distribute certain of Lifted Made's CBD and delta 8 THC products to independent pharmacies throughout the United States.
In the exclusive agreement, Girish GPO has committed to distribute Lifted Made's products to at least 500 independent pharmacies within 90 days, and to use its best efforts to distribute Lifted Made's products to 2,500 independent pharmacies nationwide within 180 days. The initial term of the distribution agreement is six months, with yearly extensions possible thereafter.
Lifted Made's hemp-derived products available for distribution under this agreement include CBD and nano CBD tinctures, CBD salves, CBD muscle gel, delta 8 THC gummies, delta 8 THC tinctures, delta 8 THC cartridges, delta 8 THC dabs, and a 510 compatible battery specifically designed for delta 8 THC cartridges.
Nicholas S. Warrender, AQSP's COO and the CEO of Lifted Made, said, "Girish GPO's huge national network of independent pharmacies is a very significant new distribution channel for Lifted Made, and allows Lifted Made to further diversify the types of retail outlets in which our products are sold. Our sales this quarter are surging, and this agreement will add further fuel to the fire!"
William C. "Jake" Jacobs, AQSP's President and CFO, said "Girish GPO's decision to exclusively distribute Lifted Made's CBD and delta 8 THC products is a testament to the quality and reputation of Lifted Made's brands. And very importantly, independent pharmacies are essential businesses which we expect will continue to remain open during the pandemic. We hope that this gives more access to our products during these difficult times."