The Company anticipates opening a total of ten retail locations within the Greater Phoenix market before this year’s holiday season. KURE retail locations average $900,000 USD per location annually. Each new location will have a CBD section and hemp beverage section incorporated in to the floorplan to market and sell Isodiol products, including the new kathy ireland Health & Wellness ™ product line.
“The new locations will offer the unique Kure experience to belly up to the juice bar and test KURE On Tap flavors or have a Kurator ™ create your own flavor experience. With the expansion of our CBD product offerings and hemp beverage selections we are confident the unique tailored experience will be a real hit in the Greater Phoenix market,” said KURE CEO, Craig Brewer.
“KURE currently operates 11 stores in North Carolina, South Carolina and Connecticut . The expansion of stores in the Greater Phoenix area is a strategic move for the Company to open the west coast market because of the close proximity to the Company’s vape manufacturing facility, Bradley’s Biosciences ™ in Gilbert, AZ, ” said Isodiol International, Inc. CEO, Marcos Agramont.
The expansion includes four Valor Vapor ™ locations and three Evapeology ™ locations. Renovations of each location will begin shortly to rebrand the stores to Kure and the Company anticipates to have all renovations completed in the beginning of September for a mid September official grand opening of the Greater Phoenix Market.
The expansion costs for the acquisition of the 7 stores will be $300,000 USD and there will be no issuance of any Isodiol securities.
For more information on KURE, please visit https://isodiol.com/divisions/kure/