/UCW/ DORAL, FL – Santo Mining Corp. dba Cannabis Depot Company (the “Company”), (OTC PINK: [stock symbol=”SANP”]) enters into an exclusive manufacturing agreement with Yongkang Tengrun Electronics Co., Ltd., to produce over 100 plus products for the cannabis growth industry with the 420Depot brand for the North American market. Under this agreement, 80% of the company’s products will be shipped factory direct to clients. The company will analyze fast moving products to warehouse them with a 3rd party logistics company in California for faster delivery schedule. The goal is to provide affordable prices by shipping direct from the factory and guarantying the quality of the products with a 3-year limited factory warrantee.
To sum up this agreement, the North American market is considered: Canada and USA. No competitors “future or current” will be able to produce, purchase and or otherwise market our growth hardware products for the cannabis industry from our factory due to our unique marketing, and manufacturing agreement. In addition, the agreement includes the exclusive rights to patent future designs exclusively tailored for the growth industry under the 420Depot brand.
Based on the company’s negotiations it expects to receive, in the next 30 days, its first sample order with the 420Depot brand to start its marketing and roadshow campaign to retailers and growers in key States like California, Oregon, Washington, Arizona, New Mexico and Colorado.
About Yongkang Tengrun Electronics Co., Ltd.
Yongkang Tengrun Electronics Co., Ltd., is a manufacture specializing in making hydroponics and leisure products. Established in 2008, we have exported to over 20 countries all around the world. One of our main products-garden supplies including hydroponics, gardening tools, greenhouse lighting, such as garden lamps, HID bulbs, ballasts, high compact fluorescent lamp, reflector, sockets and plugs, greenhouses, light mover, ceramic base, and other accessories. Our technically trained staff are all active and passionate gardeners and can show you how easy and effective gardening indoors and outdoors year-round can be! Hydroponics is a method of gardening that will result in higher yields, faster growth and better results. With the use of Metal Halide or High-Pressure Sodium grow lights, one can set up a grow room to produce fruits and vegetables all year around. Combined with our export partner companies, our products now appear in many countries across the globe. Our brand is more recognized everywhere, as our products are welcome more and more because of our hardworking team and the improved technology today. The attention to details together with our professional experience allows us to be proud of our success. Hence, we promise to our customers, present and future that we will continue to work harder to meet your standards and expectations. We care about our reputation and understand how important it is for a product to be right before it gets to our customer.
Mr. Matt Arnett, CMO commented, “Yongkang Tengrun Electronics has a long established manufacturing reputation, wide selection of high quality growth hardware products, and enormous manufacturing capacity, that should open up many new opportunities for us to establish large scale distribution and retail sales channels for our 420Depot branded products and for the development of any potential third party private label brands.” Additional Mr. Jack Ding, General Manager of Yongkang Tengrun Electronics stated, “Together we are poised for strong, longer term growth in the USA. Our company is among the top three players in the European market. Now coupled with 420Depot, there is not another partnership out there like ours. Furthermore, it is a great honor to work with a company whom has so much knowledge and understanding about doing business in China. Especially when they the owners can communicate in Chinese, we feel this relationship will be a long and fruitful one.”
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Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.
SOURCE: Cannabis Depot Company