Verus International, Inc. Announces National Implementation Agreement for Pachyderm Labs Product Lines
July 17, 2020 at 12:47 pm EDT
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Verus International, Inc. announce that it has signed an agreement with a national distributor to introduce Pachyderm Labs (“Pachyderm”) line of consumer cannabidiol (“CBD”) products throughout the U.S. The distributor is among the largest multi-state vertically-integrated companies in the hemp-based CBD industry, with extensive experience in product placement and point-of-sale promotions in this space. The distributor will provide Verus a fast entry into gas stations, convenience stores, and other retailers, many of which already carry CBD products, but are interested in expanding or refreshing their product offerings in the space. The distributor will initially concentrate on launching the Pachyderm CBD products in Florida and Texas. The initial plan is to partner with 10,000 locations during phase one of the launch; expanding to more than 30,000 locations within 24 months. The agreement covers Pachyderm’s two main brands, “Elephant Hemp” and “U-Try CBD,” which will initially have more than 12 different SKU’s with multiple flavor and aroma variations, covering health-enhancing oils, creams, lotions and other CBD-infused edibles. The Company will update investors as shipping commences. Verus will fulfill its initial shipments from its Houston, Texas facility, which has the capacity and strategic location to support an eventual national footprint. The Company is also targeting additional sales channels and intends to selectively expand its CBD line as its brands gain consumer exposure.
Verus International, Inc. is a multi-line consumer packaged goods (CPG) company developing branded product lines in the United States and on a global basis. The Company is focused on international consumer packaged goods, foodstuff distribution and wholesale trade. The Company markets its consumer food products under its own brand primarily to supermarkets, hotels, and other members of the wholesale trade. The Company provides frozen foods, particularly meat, poultry, seafood, vegetables, and French fries with beverages. It also provides cold-storage facilities and is seeking sources for fresh fruit, produce and similar perishables, as well as other consumer packaged foodstuffs. The Company has its regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa, with deep roots in the Gulf Cooperation Council (GCC) countries, which includes the United Arab Emirates (UAE), Oman, Bahrain, Qatar, Kingdom of Saudi Arabia and Kuwait.
VERUS INTERNATIONAL, INC. 
