DGDM's Black Bird Potentials Secures 1,000-Location Distribution Agreement for Grizzly Creek Naturals CBD Product Line
September 21, 2020 at 08:00 AM EDT
Flower Mound, Texas--(Newsfile Corp. - September 21, 2020) - Digital Development Partners, Inc. (OTC PINK: DGDM) (which will become Black Bird Potentials Inc.), exclusive distributor of MiteXstream biopesticide and manufacturer of Grizzly Creek Naturals CBD products, today announced that it has signed a distribution agreement with Raghorn Wholesale, a Montana-based distributor servicing over 1,000 convenience stores in Montana, North Dakota, Idaho and Washington.
A 2020 Objective Achieved. "We are extremely pleased to have secured our largest ongoing customer, Raghorn Wholesale, as a distributor for all of our products," said Fabian Deneault, DGDM's President. "Our deal with Raghorn assures that we will achieve our 2020 objective for the Grizzly Creek Naturals products of securing placement in 1,000 retail locations. The roll-out of our products across the Raghorn network is scheduled to begin in early October 2020."
In-Store Sales. Mr. Deneault added that, beginning with the second quarter of 2020, monthly sales of Grizzly Creek Naturals CBD products to ten Western Montana convenience store locations have averaged approximately $250 per store, despite limited marketing and promotional efforts. DGDM expects that, with its planned increase in marketing and promotion efforts, new per-location sales will at least equal existing per-location sales.
Online Sales. To date, online sales of Grizzly Creek Naturals products have represented a small percentage of total sales. However, as part of a planned increase in product marketing and promotion expenditures, to spur growth in this sales channel, redesigned product labels and a redesigned website are nearing completion. These efforts are expected to be completed in early October 2020.
DGDM: Doing Good, Doing More. DGDM is always looking for ways to live up to its mission statement, Doing Good, Doing More.
Through its subsidiary Black Bird Potentials, DGDM manufactures and sells CBD products, including CBD Oils, gummies and pet treats, and CBD-infused personal care products, as well as hand sanitizer gel and spray products. In addition, Black Bird is a licensed grower of industrial hemp under the Montana Hemp Pilot Program. Black Bird is the exclusive distributor in the U. S. and Canada for MiteXstream, a plant-based biopesticide effective in the eradication of spider mites, a pest that destroys crops, especially cannabis, hops, coffee and house plants, as well as molds and mildew. EPA approval of MiteXstream is expected in late 2020.
Notice Regarding Forward-Looking Statements
This news release contains forward-looking information including statements that include the words "believes," "expects," "anticipate," or similar expressions. Such forward looking-statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. Information concerning these and other factors can be found in the company's filings with the SEC, including its Forms 10-K, 10-Q, and 8-K, which can be obtained on the SEC's website at http://www.sec.gov.
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