Virtual Medical International Inc. QEBR has teamed up with Natural Life to launch ten whole health stores in Florida.
Under the joint venture revenue-sharing deal, the Las Vegas company agreed to expand Florida-based Natural Life CBD outlets.
Currently, the Natural Life franchise has four stores.
Natural Life founder Gabriel Suarez praised the partnership with Virtual Medical, calling the joint venture a "significant next step forward" for the franchise's expansion efforts.
Natural Life features over 300 CBD products and distributes more than 20 brands. The new collaboration is poised to "duplicate" its footprint and result in a chain of retail locations focusing on the whole health products.
"Natural Life is a great brand for QEBR to collaborate with as this deal gives us an immediate presence in the Southeast U.S. market, as well as the ability to increase our footprint across the USA as we move forward with our planned expansion strategy," Virtual Medical CEO Larson Elmore said.
Courtesy image
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.