FBEC Worldwide Inc (OTCMKTS:FBEC) Signs Agreement with PNBM Holdings


FBEC Worldwide Inc (OTCMKTS:FBEC) shares were up 4.17% on Monday to $0.0300 and down 0.33% in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.07. The company has a market cap of $3.70 million at 128.01 million shares outstanding.

FBEC Worldwide Inc is a company that is engaged in the sale of hemp-based energy products. Formerly known as Frontier Beverage Company Inc, it operates a sales, distribution and marketing business for the promotion and sale of hemp-based energy drinks. Apart from that, the company has entered into approximately two joint venture agreements to market, distribute and promote over two additional lines of hemp-based energy drink products.

In a press release this week, FBEC Worldwide Inc announced that it signed a distribution sales representative agreement with PNBM Holdings. This one-year contract is for the exclusive placement into 7-11, Shoprite and other stores throughout the United States.

We are excited to begin this new relationship with PNBM Holdings LLC. We have the utmost confidence in PNBM to provide the distribution sales representation our WolfShot™ brand of Healthy Hemp™ Energy Shots deserves. We will be putting out an 8k shortly for this material agreement,” remarked FBEC Worldwide Inc CEO Jeff Greene.

PNBM Holdings is the company that is responsible for the 35,000-unit order from Four Links USA, Inc. earlier this month. This order places WolfShot™ brand of Healthy Hemp™ Energy Shots into multiple convenience stores within the northeast portion of the country.

FBEC Worldwide Inc remains committed to increasing market size and scope through the optics of creative marketing and most importantly customer satisfaction. Their growth strategies focus on several initiatives, which includes unique branding opportunitiestargeted at key demographic groups and to develop strong community and distributor relationships, aiming to be the lead developer of name brand hemp & CBD infused consumer products.

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.