Cigars are all about nicotine and tobacco, right? Maybe not. Cartel Blue, Inc. (OTC: CRTL) and Philip Moreb, CEO, already has $527,000 purchase orders for his line of ‘boutique’ indoor grown hemp-based in Nashville hand rolled cigars. And his Company has another $137,500 in monthly orders for late 2022 spilling into 2023.
“In December 2022 we will start our online launch,” says the 55% owner of the closely held company. CRTL is based Carlsbad, Ca., with hemp sourcing from Nashville, Tenn., and a hand rolling cigar operation in Ft. Lauderdale, Fla.
HEMP INFUSED CIGARS?
Nicotine-free, plant based vaping is a growing $7.4 billion international trend. But tobacco-free and hemp-infused cigars?
“Yes,” says Moreb. “We are now fulfilling a standing purchase order from a New Mexico client for $527,000. These are hand rolled cigars. We don’t think we have any competitors for this. The boutique hemp is grown in indoor greenhouses in Nashville, making this a USA-product.”
In addition, CRTL also has a purchase order for $137,500 for 55,000 mini-cigars. That order is scheduled to spill over into 2023, Moreb says. These are machine made.
Business is becoming so strong that Moreb says he is considering buying a Turkish-made pre rolling machine for the Company’s Ft. Lauderdale facility at $255,000. It would increase CRTL’s capacity to meet future orders. The Company is also considering a Reg. A filing in the future for fund-raising to meet growing demand for hemp-based, hand rolled and machine made mini-cigars.
At age 58, Moreb is a serial entrepreneur who sees a strong trend and acts on it. In 2019, he purchased CRTL for its $100,000 in debt.
“I saw the potential of CRTL,” Moreb says. “We are in discussions with other branded cigar companies who are excited about the hemp cigar trend. We are revolutionizing the business. It’s like taking a gas car and making it electric overnight.”
Hydroponic hemp cigars are a new trend emerging from a traditional tobacco and nicotine industry. CRTL is in front of the business.
CRTL is a trend-forward OTC play. Tobacco and nicotine companies are eager to enter plant-based vaping internationally, entering into a $7.4 billion global market projected to grow at a fast CAGR of 27.3% by 2030, a study by Grand View Research shows. So, can hemp-infused hand rolled and machine made mini-cigars be far behind? American-sourced hemp is an exciting growth market. To infuse them into cigars, hand rolled and machine made, could make CRTL worthy of investor attention.
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