MOORPARK, CA, Apr 28, 2014 (Marketwired via COMTEX) — Montalvo Spirits, Inc. (OTCQB: TQLA) (“Montalvo” or, the “Company”) announced today that it has established Cannabis Beverage Group, Inc. (“CBG”), a Colorado corporation, as a new, wholly-owned subsidiary. CBG will pursue the development, marketing, and distribution of cannabis-based beverages, which include sodas, teas, energy drinks, liqueurs, and elixirs. CBG is actively seeking non-THC containing cannabis beverages that can be legally purchased throughout the U.S. CBG’s strategy for entry into the industry includes the development of new brands, as well as the potential acquisition, partnership, or distribution arrangements with brands that are currently in the market.
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