ECGI’s New 8bit Cannabis Products Brand Sees 1,000% Annualized Distribution Channel Growth Since March
LOS ANGELES — ECGI HOLDINGS INC. (OTC: ECGI) (ECGI or the Company), D/B/A Elite Cannabis Group Incorporated, a Nevada-based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, is excited to announce continued rapid growth in its soon-to-be-acquired cannabis brand, 8bit. Specifically, the 8bit cannabis brand has expanded its active distribution footprint from twenty (20) cannabis stores to fifty (50) cannabis stores since the end of March, representing a 150% increase in distribution footprint in less than two months, which tops 1,000% annualized growth in distribution footprint over the same period. As announced in a press release dated March 23, 2023, the Company signed a Binding Letter of Intent (the “Binding LOI”) to acquire the key personnel, intellectual property, business operations, and future business operations of Endless Consciousness, Inc. (“EC”), a California corporation involved in the legal cannabis product marketplace. EC’s primary asse...