Before the opening bell, Laguna Blends, Inc. (CSE: LAG) (FSE: LB6A.F) (OTC: LAGBF) announced its inclusion in the June 2016 Canadian Securities Exchange (CSE) quarterly magazine as one of four featured companies that are considered difference-makers in their respective industries. The company’s two-page profile gives prospective shareholders an overview of Laguna’s recent success in leveraging a multi-level-marketing (MLM) strategy to capture market share in the growing hemp-based functional beverage products industry. The author of the profile, Peter Murray, also highlighted a promising path forward for Laguna.
“Not on that dangerous edge where you are re-inventing the wheel, nor on the lost-in-the-crowd track of doing the same thing as everyone else, Laguna Blends has apparently positioned itself in something of a sweet spot by introducing modern tools and unique products to an established industry,” Murray stated in the CSE magazine profile. “With an experienced executive team in place and sales underway, the company and its investors will soon find out just how many tech companies Laguna can leave in the rear view mirror.”
To view the full CSE publication, visit http://dtn.fm/9Hc9S. Laguna’s profile can be viewed on pages 18-19.
“Laguna is ecstatic to be included in the CSE Quarterly Magazine. We are working hard to build the necessary foundation for long-term success, the formula of which we believe combines a world class management team, efficacious products and digital disruption, cloud-based, immersive 3D technology.” Stuart Gray, chief executive officer of Laguna, stated in this morning’s news release. “Under this model, we recently launched sales in the USA and Canada and are happy to have exceeded internal sales goals. Laguna strives to be an International player in the direct sales industry within the next several of years, and we’re appreciative of the CSE for recognizing our progress toward this goal.”
Last week, Laguna offered some insight into its recent financial performance. Leveraging a growing network of independent affiliates that surpassed 700 members in April of this year, the company generated $105,000 in unaudited sales during the 11-week period ended May 31. These results exceeded Laguna’s internal sales goals, according to president Ray Grimm Jr., putting the company on track with its long-term sales growth strategy.
In an effort to build on its strong start to 2016, Laguna also introduced a new incentive program last week through which it will reward its top-performing affiliates with up to three 2017 Tesla (NASDAQ: TSLA) Model S vehicles following the achievement of predetermined sales milestones. The first Tesla is set to be awarded to the top affiliate producer when the company reaches its first month of at least $1 million in sales revenues. Additional vehicles will be awarded following the first months of at least $1.25 million and $1.5 million in monthly sales. Laguna will look to lean on the geometric growth opportunities presented by its MLM business strategy in order to achieve these sales figures ahead of the contest’s December 2017 end date.
“My near-term goal for Laguna Blends is having the Company become one of the network marketing industry’s Top 100 Companies,” Grimm added in a recent news release. “We know this achievement can’t be done without a dedicated base of affiliates, and this contest is just one way to show our appreciation for their hard work.”
For more information, visit www.lagunablends.com
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