OAKLAND, Calif. – Kin Slips the main model within the cannabinoid-infused sublinguals class, proclaims their official merger with OLO, bringing collectively the 2 most preeminent sublingual strip manufacturers within the North American hashish market. The market main firm will proceed to function below the Kin Slips identify, combining the most effective of each firm’s experience and expertise to provide an optimum model of their product. Moreover, Kin Slips will now produce Quid, OLO’s sister-brand that caters to a extra price-sensitive viewers. Collectively, the manufacturers are actively exploring home and worldwide enlargement alternatives, together with a Canadian launch later this month, and a forthcoming line of hemp primarily based merchandise.
The merger with OLO will additional improve Kin Slips’ skill to provide the very best high quality, all-natural sublingual hashish merchandise with enhancements to its flavoring, packaging and manufacturing. As well as, the merger will permit the mixed entity to drive down prices, enhance effectivity and obtain higher scale whereas sustaining engaging gross margins. With Quid in its portfolio, the corporate can prolong its attain with each premium and worth manufacturers that handle the wants of a broader client base within the sublinguals market.
Kin Slips Co-Founder Josh Kirby, who developed the primary cannabinoid-infused sublingual strip when he was solely 24 years outdated, will proceed to guide product innovation as the corporate’s Chief Product Officer. Andrew Lobo, former OLO CFO and COO, will take over because the CEO and CFO of the corporate.
“This merger brings collectively Kin Slips’ best-in-class IP portfolio with OLO’s flavor-masking expertise and superior manufacturing to make the world’s greatest sublingual strips even higher.” ––Joshua Kirby, Co-Founding father of Kin Slips, now Chief Product Officer of Kin Slips and Quid
“We’re thrilled to have accomplished the merger of Kin Slips and OLO. This merger creates a dominant market chief within the sublingual strip class. The Firm’s high-capacity state-of-the-art CGMP manufacturing facility will permit us to convey on top-tier white label companions by way of contract manufacturing whereas persevering with our monitor document of including modern merchandise to each Kin Slips’ and Quid’s product portfolios. We’re grateful to have such an important staff of workers and a robust investor base that facilitated our merger execution in the course of the peak of the COVID-19 pandemic.” ––Andrew Lobo, Chief Govt Officer and Chief Monetary Officer of Kin Slips and Quid
The brand new Kin Slips and Quid merchandise can be produced within the firm’s state-of-the-art CGMP facility primarily based in Richmond, CA. Kin Slips and Quid’s current merchandise are at present accessible in retail dispensaries and supply companies all through California, with the model’s extremely anticipated new SKUs and packaging slated to launch in early 2021. This month Kin Slips will launch in Canada, along with its Canadian accomplice, Aleafia Well being Inc., and has extra plans for worldwide enlargement forthcoming.
Kin Slips can be found in 4 formulations: Cloud Buster (a sativa primarily based mix for creativity & focus), Float On (an indica primarily based mix for stability & tranquility), Park Life (a ten:1 CBD:THC mix for consolation & reduction), and Shut Eye (a mix of CBN and CBD for sleep & serenity) in each 5mg microdose strips and 10mg customary strips. Quid is out there in Citrus Sativa and Berry Indica flavors at choose California dispensaries. The model can be launching a mint flavored 10:1 CBD/THC product on the finish of this month and a grape flavored 1:1 CBD/THC slip launching in early 2021.
ABOUT KIN SLIPS
Kin Slips was based in 2016 in Oakland California by a passionate group of entrepreneurs led by Co-Founder and inventor of the hashish sublingual strip, Josh Kirby. Seeking to science to create an all-natural, smokeless hashish product that might have constructive results on each life-style and well being, Kin Slips’ revolutionary product was born. Providing discreet and moveable packaging, dependable dosing, and a fast onset that buyers can belief, every fastidiously crafted mix delivers a novel expertise, liked by each new and longtime hashish customers.
Celebrated as “the pioneer of the hashish sublingual strip”, Kin Slips have been awarded NCIA’s Excellence in Know-how Award, DOPE Journal’s Business Award for Greatest Sublingual and Josh Kirby was named one in every of Inexperienced Entrepreneur’s 100 Hashish Leaders in 2018. https://kinslips.com/.
California-based Quid sublingual hashish strips are designed for next-generation, low-profile hashish consumption. Created for a discreet hashish expertise on the go, Quid presents each mellow, relaxed indica and energizing, euphoric sativa sublingual choices. Not like typical edibles, Quid strips away sugar, energy and gluten to depart you with simply the factor you’re on the lookout for: discreet, dependable, clear hashish. https://www.quidstrips.com/.