Prominent medical cannabis firm Surterra Wellness has announced a landmark global licensing deal with singer Jimmy Buffett to create a new medical marijuana under the brand name, Coral Reefer, the touring and recording band of Buffet.
As per the deal, Surterra Wellness will develop and market medical and therapeutic cannabis products such as vape pens, edibles, lotions and gel caps under the brand name Coral Reefer. Buffett will earn royalties from Surterra in return.
Several companies are betting on the increasingly crowded cannabis industry after the numerous healing properties of cannabis got recognition.
Billionaire William “Beau” Wrigley Jr., the Chairman of Surterra Wellness, said: “Jimmy and the Margaritaville team have built premium brands that are widely admired and recognized around the world.”
Georgia-based Surterra is currently licensed in Florida and Texas, and reportedly has plans to expand into additional states.
by RTTNews Staff Writer
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