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Phoenix, Arizona–(Newsfile Corp. – September 15, 2020) – The Stock Day Podcast welcomed Orchid Ventures, Inc. (OTC: ORVRF) (CSE: ORCD) (“the Company”), an Irvine, CA-based innovation company that launched in Oregon and California in August 2017 and has since developed a mass-market brand and loyal consumer following with its premium cannabis products and unique vape hardware delivery system. CEO of the Company, Corey Mangold, joined Stock Day host Everett Jolly.
Mangold began the interview by sharing the Company’s background and current projects. “Orchid Ventures started out as a cannabis company focusing on a line of vaporizer products. In 2019, we went through a pretty fundamental shift at the end of the year,” said Mangold. He then explained that the shift primarily centered on licensing their Orchid Essentials brand out to other manufacturers and distributors. “The second part of the company is PurTec,” added Mangold. “PurTec Delivery Systems is a manufacturer of extremely high-quality vaporizer products that are the only products in the industry that are emissions tested at AFNOR standards,” continued Mangold. “We also have CELLg8™ Sciences, which is the global exclusive license holder within the THC market, of a technology that can be used with THC that increases bioavailability by about 16x and is clinically proven, peer reviewed, and published in major medical journals.”
Jolly then asked about the Company’s subsidiaries that emerged following their transition. “The two new subsidiaries are PurTec Delivery Systems and CELLg8™,” said Mangold. “PurTec Delivery Systems sells vaporizer cartridges, batteries, disposables, and pod systems to cannabis and CBD manufacturers globally,” explained Mangold. “CELLg8™ Sciences is a bioavailability technology,” continued Mangold, adding that this subsidiary has exclusively licensed technology that allows cannabis edibles and tinctures that become effective in the body within 15 minutes, compared to a traditional edible which may take over an hour. “The formulation is also all natural, vegan, and non-GMO.”
The conversation then turned to rumors regarding the safety of vaporizers. “No one is testing the smoke that actually goes into the body,” explained Mangold. “So, I think we’re actually going to see a lot more instances and reports of the bad quality that is out there, and that’s exactly why we’re in this to create the highest standards within the industry,” said Mangold. “Our cartridges are cleaner than anything that’s out there, they are emissions tested, and that goes into the quality of the materials that we use.”
Mangold then explained that despite the Company’s use of high-quality materials and thorough testing, they are still able to offer their cartridges at competitive rates. “The sales are going great. Last month, we did over $1.35 million in orders,” said Mangold. “We’re breaking records within our company, so it’s very positive.”
Mangold then elaborated on the potential of developing and setting standards within the vaporizer industry. “It is really badly needed within this industry. There is zero quality control,” said Mangold.
Jolly then asked about the Company’s subsidiary CellG8 and the potential it represents going forward. “We’re formulating with several of the largest cannabis brands in the country,” said Mangold, noting that the Company is currently in formulation with over 15 companies in the United States. “The first THC products with CellG8 are set to hit the shelves in about a week.”
To close the interview, Mangold shared that the Company is currently undervalued, but remains optimistic that their valuation will improve as they continue to build investor awareness and reflect profitability.
To hear Corey Mangold’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7683006-orchid-ventures-inc-discusses-the-potential-of-its-subsidiaries-purtec-delivery-systems-and-ce
ABOUT ORCHID ESSENTIALS
Orchid Essentials is an Irvine, CA-based innovation company that launched in Oregon and California in August 2017 and has since developed a mass-market brand and loyal consumer following with its premium cannabis products and unique vape hardware delivery system. Since July 2019, Orchid has diversified its efforts and has brought to market innovative services and product offerings to support brands throughout the global cannabis industry. Orchid has diversified its portfolio to include PurTec Delivery Systems, a company that produces, markets and sells clean vaporizer hardware that has been emissions tested against the most stringent standards in the world set forth by the EU and has unrivaled product quality and value pricing. Orchid, through its wholly owned subsidiary, has launched a patented and clinically proven bioavailability solution to increase the absorption of THC and other cannabinoids making products much more effective and an activation time of less than five minutes. With a continued focus on brand and intellectual property development, Orchid will continue to create new and innovative products and technologies, then bring them to the global cannabis marketplace and set the gold standard for delivery systems whether it’s vape or formulation sciences. Orchid’s management brings significant branding, product development and distribution experience with a proven track record of scaling businesses and building sustainable revenue growth through value-generating partnerships and innovation that creates enterprise value. Learn more at https://orchidessentials.com/
ON BEHALF OF THE BOARD OF DIRECTORS – ORCHID VENTURES, INC.
CEO and Director email@example.com
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Safe Harbor Statement
Except for historical information contained herein, statements in this release may be forward-looking and made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to Orchid Ventures, Inc. and Orchid Essentials any of its affiliates or subsidiaries (collectively, the “Company”) or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the Company’s Canadian securities regulatory filings with sedar.com, Factors which could cause actual results to differ materially from these forward-looking statements include such factors as (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses, (iv) the ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of our products and services, (v) the Company’s ability to conduct the business if there are changes in laws, regulations, or government policies related to cannabis, (vi) management’s ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, and (vii) other information that may be detailed from time to time in the Company’s Canadian securities regulatory filings with sedar.com. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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