Laguna Blends has initiated the launch of CBD Naturals nano infused bottled water to its network of affiliates.

Currently, the company is selling CBD Naturals water through its affiliate network in the US.

The brand CBD Naturals is owned and operated by Carlsbad Naturals, which integrates CBDs to the products through nanotechnology process.

"The partnership with Carlsbad firmly solidifies Laguna as a unique player in the crowded multibillion dollar bottled water industry."

Laguna chief executive officer Stuart Gray said: “With the growing awareness and market demand of CBD worldwide, Laguna is positioned to be a market leader in the sale of CBD bottled water.

"In addition to the current sales growth of Carlsbad, Laguna can increase sales further through its existing and expanding affiliate network.”

Recently, Laguna announced a letter of intent with Carlsbad Naturals to purchase 60% of equity interest and licenses in Asia and Europe. The deal involves a transaction value of $1.8 million.

Initially, Laguna will buy 19% of interest, with plans to buy an additional 41% interest later. The definitive agreement is expected to be finalised by 10 December 2016. The company will have a time limit of 120 days from the date of a signed definitive agreement to purchase the 41% interest in Carlsbad.

Laguna president Ray Grimm said: “The partnership with Carlsbad, firmly solidifies Laguna as a unique player in the crowded multibillion dollar bottled water industry.

"The team of Doctors that formulated the Carlsbad water did so with the sole purpose of creating a high alkaline water offering the benefits of CBD. Many believe this to be the next evolution in the water industry, providing unique health benefits due to the proprietary nanotechnology.

"Carlsbad CBD water provides antioxidants at the cellular level along with providing cellular hydration and energy.”

In 2017, Laguna intends to expand its presence in Asia and Europe through joint ventures and acquisitions.