AVENTURA, Fla., Aug. 07, 2017 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTCQB:LCLP) a provider of global sourcing, supply chain, logistics and sales and marketing services, announced today that it has formed a new division, CannabAscenda, to provide global sourcing services to the cannabis industry. The new Company will focus on products and paraphernalia that can be sourced anywhere in the world and provide total logistics solutions and sales and marketing services.

Commenting on the formation of CannabAscenda, Huey Long, CEO of LifeClips stated: “with the launch of our new business model and the recent acquisition of Ascenda, we have a natural platform to evolve into a global sourcing provider for many business lines and products. With the rapid growth and proliferation of medicinal and recreational cannabis, we can immediately source and provide higher quality and more cost effective products and paraphernalia than those currently on the market. Our global logistics solutions specialize in end to end delivery in highly regulated industries and our multi-channel sales and marketing team are experts in getting these products into the consumer’s hands.”

The Company will focus on providing the industry with sourcing and logistics solutions and sales and marketing solutions for products and paraphernalia only. The Company does not currently intend to grow, distribute or sell hemp.