MINNEAPOLIS – As part of ongoing efforts for lateral expansion into CBD-infused beverages, Fly Brands “Fly” has entered into a partnership agreement with specialty ingredient provider, Northern Diversified Solutions “NDS.” This partnership aims to expand Fly’s product breadth, opening new geographic territories and distribution channels which are more accessible without the presence of tetrahydrocannabinol (THC).
Kyle Marinkovich, CEO of NDS, noted, “The Fly Brands portfolio is great in the THC beverage space as illustrated by the success of Uncle Arnie’s, California’s #1 selling 100mg beverage SKU1. We are excited to help them expand into the CBD space.”
Northern Diversified Solutions was chosen for its proven ability to innovate products, to manage supply chain risk, and for its track record of consistently delivering product on-time and in-spec.
This synergistic partnership combines Fly’s expertise in developing consumer-centric brands with NDS’s extensive knowledge of cannabinoid ingredient solutions and supply chain management.
“The multi-billion-dollar2 CBD beverage market represents a significant incremental opportunity for Fly to drive shareholder value while connecting with adjacent consumers who wouldn’t frequent cannabis dispensaries,” said Fly Brands Chief Executive Officer, Theo Terris. “We are thrilled to partner with a trusted and competent supplier like Northern Diversified Solutions in order to execute against this opportunity.”
(This information is primarily sourced from Northern Diversified Solutions. Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).