OAKLAND, Calif. – Kin Slips the main model within the cannabinoid-infused sublinguals class, declares 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 title, combining the most effective of each firm’s experience and know-how to supply an optimum model of their product. Additionally, Kin Slips will now produce Quid, OLO’s sister-brand that caters to a extra price-sensitive viewers. Together, 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’ potential to supply the very best high quality, all-natural sublingual hashish merchandise with enhancements to its flavoring, packaging and manufacturing. In addition, the merger will enable the mixed entity to drive down prices, enhance effectivity and obtain larger scale whereas sustaining enticing gross margins. With Quid in its portfolio, the corporate can lengthen its attain with each premium and worth manufacturers that handle the wants of a broader shopper 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 previous, will proceed to steer 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 together Kin Slips’ best-in-class IP portfolio with OLO’s flavor-masking technology and superior manufacturing to make the world’s best sublingual strips even better.” ––Joshua Kirby, Co-Founder of Kin Slips, now Chief Product Officer of Kin Slips and Quid
“We are thrilled to have completed the merger of Kin Slips and OLO. This merger creates a dominant market leader in the sublingual strip category. The Company’s high-capacity state-of-the-art CGMP manufacturing facility will allow us to bring on top-tier white label partners through contract manufacturing while continuing our track record of adding innovative products to both Kin Slips’ and Quid’s product portfolios. We are thankful to have such a great team of employees and a strong investor base that facilitated our merger execution during the peak of the COVID-19 pandemic.” ––Andrew Lobo, Chief Executive Officer and Chief Financial Officer of Kin Slips and Quid
The new Kin Slips and Quid merchandise shall be produced within the firm’s state-of-the-art CGMP facility primarily based in Richmond, CA. Kin Slips and Quid’s present merchandise are at present out there in retail dispensaries and supply providers 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, in conjunction with its Canadian associate, Aleafia Health Inc., and has extra plans for worldwide enlargement forthcoming.
Kin Slips can be found in four formulations: Cloud Buster (a sativa primarily based mix for creativity & focus), Float On (an indica primarily based mix for stability & tranquility), Park Life (a 10:1 CBD:THC mix for consolation & aid), and Shut Eye (a mix of CBN and CBD for sleep & serenity) in each 5mg microdose strips and 10mg normal strips. Quid is accessible in Citrus Sativa and Berry Indica flavors at choose California dispensaries. The model shall 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. Looking 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. Offering discreet and moveable packaging, dependable dosing, and a fast onset that buyers can belief, every fastidiously crafted mix delivers a singular expertise, cherished by each new and longtime hashish customers.
Celebrated as “the pioneer of the cannabis sublingual strip”, Kin Slips have been awarded NCIA’s Excellence in Technology Award, DOPE Magazine’s Industry Award for Best Sublingual and Josh Kirby was named one in all Green Entrepreneur’s 100 Cannabis 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 affords each mellow, relaxed indica and energizing, euphoric sativa sublingual choices. Unlike typical edibles, Quid strips away sugar, energy and gluten to depart you with simply the factor you’re in search of: discreet, dependable, clear hashish. https://www.quidstrips.com/.