Financialnewsmedia.com News Commentary
PALM BEACH, Florida, June 27, 2019 /PRNewswire/ -- Demand for CBD has been explosive. All as cannabis-infused products find their way onto the shelves of major retailers, with analysts believing the trend provide a significant catalyst. Piper Jaffray, for example, believes the CBD market alone could be worth up to $100 billion. All as people around the world wake up to the health benefits of cannabis, including the treatment of insomnia, stress, anxiety, pain, and even chronic issues. That's opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF), Green Growth Brands Inc. (CSE:GGB)(OTCQB:GGBXF), Charlotte's Web Holdings Inc. (CSE:CWEB)(OTCQX:CWBHF), Canopy Growth Corporation (NYSE:CGC)(TSX:WEED), and Sugarmade Inc. (OTCQB:SGMD).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced that further to its April 30 announcement of a consumer marketing and sales alliance with beauty commerce giant ipsy, Urban Juve products are now available for purchase on Shopper, ipsy's exclusive ecommerce marketplace, which has a community of more than three million monthly subscribers. "Our aspiring new company's retailer network tops 100 already -- just months into our launch -- while our e-commerce shop is robust and generating daily global sales," says Penny Green, The Yield Growth Corp. CEO. "At the same time, our news of progress with ipsy has our team most excited given the company's global reach, stringent brand research and buying practices. ipsy is anticipated to position Urban Juve skincare positively with savvy consumers." Read the full Press Release and more for BOSS at: http://www.financialnewsmedia.com/news-boss
Other cannabis-related developments from around the markets include:
Green Growth Brands Inc. (CSE:GGB)(OTCQB:GGBXF) just announced that it has surpassed 50 Seventh Sense Botanical Therapy shops open in four months. The first Seventh Sense shop opening was announced mid-February, and, since that time, GGB has continued to roll out its Seventh Sense shops at a rapid pace. The Company anticipates opening more than 200 such shops by the end of 2019. Seventh Sense shops retail high-quality botanical therapy CBD-infused personal care and beauty products at affordable prices. The product offering includes over 100 SKUs across bath, body, face, therapeutic, and sleep categories. "This rapid rollout across the U.S. is truly unprecedented," said Peter Horvath, CEO of Green Growth Brands. "We expect to open over 200 shops this year and are confident that we are building one of the largest and most valuable distribution networks for CBD."
Charlotte's Web Holdings Inc. (CSE:CWEB)(OTCQX:CWBHF) just unveiled its newest CBD product line - hemp extract-infused CBD Gummies – made with whole-plant extract from its prized hemp genetics and featuring synergistic functional ingredients to support specific health related functions including everyday stress, sleep, and recovery from exercise or active lifestyles. Available in a variety of flavors, gummies are the latest addition to the Company's expanding line of CBD hemp-extract products. "Gummies are a very popular edible format as a result of convenience and measurable consumption," stated Kelsey Morrison, Associate Director of Product Development at Charlotte's Web. "This new delivery format from Charlotte's Web provides an easy bite-sized way to ingest full-spectrum hemp-extract CBD."
Canopy Growth Corporation (NYSE:CGC)(TSX:WEED) received a new license from Health Canada permitting it to grow cannabis at an outdoor site in northern Saskatchewan. Hours after receiving the license, the first cannabis cuttings were planted at a 7 million sq. ft. (160 acres) secure cultivation field in the province, one that is patrolled by drones (kidding – no drones, promise.) The new license expands Canopy Growth's diversified Canadian footprint and complements its existing indoor and greenhouse facilities to provide a leading balance of facilities to produce low cost input materials for value-add products, while ensuring more sophisticated growing operations for in-demand flower products. "Our team has outdoor, at-scale cannabis expertise gained from over a decade of hemp farming experience, including Canopy's 4,000-acre hemp operation executed last year, the extract of which is bolstering our CBD supply for the medical and recreational markets," said Mark Zekulin, President and co-CEO, Canopy Growth. "At this stage in the summer planting season we view this as a pilot and ramp up project for outdoor cannabis cultivation, though the team will do everything it can to deliver low cost yields this year."
Sugarmade Inc. (OTC:SGMD) recently announced that with California's legal cannabis market expected to grow "more than 18 percent annually to hit $5.6 billion by 2020" and the hydroponics market on "a CAGR of 6.5%" from 2018 to 2023, California-based Sugarmade, Inc. has positioned itself at the confluence of two great market movements. The state was the first to buck the trend of prohibition when, in 1996, it passed the Compassionate Care Act, which legalized medical cannabis. In 2016, it made adult use legal as well, and, on January 1, 2018, sales of recreational pot officially began. Now, with demand for cannabis set to rise rapidly, attention is turning toward the supply sector and the cultivation and storage technologies like those now available from SGMD. The company's partnership with Plantation Corp. has given it a toehold in the cannabis storage space, and its master marketing agreement with BizRight Hydroponics Inc. gives it immediate scale, expected to be around $30 million per annum.
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