PALM BEACH, Florida, October 18, 2018 /PRNewswire/ --
Financialnewsmedia.com News Commentary
The overall cannabis sector has been on a tear for the past few days as yesterday marked the end of prohibition in Canada, the largest country to date to legalize recreational marijuana. Major players are rushing to enter the industry as consumers have increasingly become interested in CBD based products, a nonpsychoactive component of marijuana that is being used in drinks and beverages as a health boost today. It also has become apparent that CBD is the driving force that has allowed cannabis to go mainstream as a variety of big-name companies and investors continue to dump millions into the development of CBD-based products. CBD-based beverages are garnering all of the attention due to the recent headlines of Major Companies potentially getting involved in the space, but the reality is there are a number of CBD-based products that are already generating consistent and strong revenues on a daily basis. Active cannabis companies in the markets this week include Earth Science Tech, Inc. (OTC:ETST), New Age Beverages Corporation (NASDAQ:NBEV), Tilray Inc. (NASDAQ:TLRY), Molson Coors Brewing Company (NYSE: TAP), Kona Gold Solutions Inc. (OTC:KGKG).
Earth Science Tech, Inc. (OTCQB: ETST) BREAKING NEWS: Earth Science Tech today shares it has started formulating a full spectrum CBD beverage utilizing its University of Central Oklahoma Provisional Patent to improve immune system functions.
To stay innovative in the CBD industrial the Company is always looking for new ways to deliver its effective cannabinoids to the public and continue positively change individuals lives. While the Company continues to perfect its CBD nutraceutical provisional patent products, they have also started to formulate a beverage utilizing its University of Central Oklahoma provisional patent with the help of Dr. Aube, his advisory team and the Company's current manufacture near its headquarters.
The new High Grade Full Spectrum Cannabinoids beverage (the CBD beverage) will be focused on immunity due to its positive results with the Company's collaboration with the University of Central Oklahoma during 2015. The company is currently working on the CBD beverage formula and looking into different bottling options with its current manufacture. The CBD beverage will allow the Company to tap into the predicted $11.7 billion this year and grow $25 billion in seven year cannabis beverage market.
Michel Aube, ETST's CEO & CSO comments,"The CBD beverage is a most in the époque of legalization of recreative marijuana. Not only does CBD have positive effects on immune cells, it has strong antioxidant and anti-psychotic properties. Indeed, it is now well recognized that CBD is an anti psychotic molecule and that CBD has opposite effect to Δ-9-tétrahydrocannabinol (THC). This is why health professions are concerned by the fact that most marijuana plants have very low concentration of CBD and huge amount of THC molecule. At Earth Science Tech we focused on full spectrum cannabinoids derived from industrial hemp that contains extremely low to no THC since THC is psychoactive causing dependency and mental illness in young individuals. This means that all our products are beneficial for recreational marijuana consumer because it helps them to balance their intake of psychoactive and anti-psychotic cannabinoids. Our cannabinoid products help to counter the side effects of THC in addition of having itself other interesting biological activities like anti-inflammatory and antioxidant properties."
ETST president, director, and Chairman Nickolas S. Tabraue stated, "This a great opportunity for us while the cannabis beverage market is in the emerging stage and forecast to grow exponentially. I look forward on sharing updates as we progress with our new CBD beverage product." Read this and more news for ETST at http://www.financialnewsmedia.com/news-etst
Other recent developments in the cannabis industry include:
Tilray Inc. (NASDAQ:TLRY) a global leader in cannabis research, cultivation, production and distribution, recently announced that it has closed its offering of 5.00% Convertible Senior Notes due 2023 (the "notes") for gross proceeds of US$450 million in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Any notes sold in Canada were sold to accredited investors pursuant to an exemption from the prospectus requirements of Canadian securities laws. Tilray estimates that the net proceeds from the offering is approximately US$435 million, after deducting the initial purchasers' discount and estimated offering expenses payable by Tilray. Tilray intends to use the net proceeds from this offering for working capital, future acquisitions and general corporate purposes, and to repay the approximately US$9.1 million existing mortgage related to its facility in Nanaimo, British Columbia. Cowen, BofA Merrill Lynch and BMO Capital Markets acted as joint book-running managers for the offering. Roth Capital Partners, Eight Capital and Northland Capital Markets acted as co-managers for the offering.
New Age Beverages Corporation (NASDAQ:NBEV) New Age Health Sciences, a wholly-owned subsidiary of New Age Beverages Corporation that houses all of New Age's patents, cooperative research studies, and human trial information, debuted its portfolio of CBD-infused beverages in offsite meetings during the North American Convenience Store Show (NACS) held in Las Vegas on October 7th-10th, and held one-on-one meetings with major retailers and distribution partners on October 8th-10th. Some of the country's largest distributors and retailers also attended New Age's CBD launch event where they tasted the company's range of CBD-infused sparkling waters and CBD-infused relaxation teas, and received brand and product overviews, pricing, and pre-order information. Michael Cunningham, senior vice president of sales for New Age commented, "The demand and interest for these products is unlike I have ever seen in my career. Customers loved the taste of New Age's CBD-infused products and many of them committed to bring in the products for sale.
Molson Coors Brewing Company (NYSE:TAP) and HEXO Corp. (TSX: HEXO.TO) recently announced that they have closed the transaction announced on August 1, 2018 , to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization. The joint venture, Truss, will be led by former Molson Coors executive, Brett Vye , in the role of Chief Executive Officer. Vye will report to the Truss board of directors consisting of three members appointed by MCC and two members appointed by HEXO. "With the backing of two partners with deep Canadian roots, proven success, and market-leading experience in the respective beverage and cannabis industries in Canada , Truss will hit the ground running," said Brett Vye, Chief Executive Officer at Truss. "When consumable cannabis is legalized in Canada , Truss will be ready to make its mark as a responsible leader in providing high-quality beverages for the Canadian consumer.
Kona Gold Solutions Inc . (OTCPK:KGKG) last week announced it is extending its popular Hemp Energy Drink product line to include new exciting flavors. Two new flavors Kona Gold is developing and planning to bring to market in late November are Cherry Vanilla and Cotton Candy. The Company has compiled feedback and statistics from industry experts and several large distribution houses to determine what flavors would be the most successful. This announcement comes on the heels of the Company signing two new distributors in North and South Carolina. The Company is also producing its new larger 12 oz slim line cans that will be replacing its 8.4 oz offering. The new 12 oz Hemp Energy drinks will be available in late October and will include Kona Gold's popular Classic, Sugar Free, and all new Platinum flavors.
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