PALM BEACH, Florida, May 23, 2019 /PRNewswire/ -- Cannabis beauty and wellness products have gone mainstream. As products laced with CBD find their way onto the shelves of Sephora, Barney's, Estee Lauder, and Ulta Beauty, analysts believe the trend could be a significant catalyst. "We have seen a high level of interest in cannabis beauty from retailers over the past month based on our store checks and incremental launches. We expect further retailer developments in the coming months," noted analysts at Piper Jaffray, as quoted by CNBC. Given sizable interest, Piper Jaffray believes the CBD market could be worth up to $100 billion. Some of the top companies in the industry include The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Aleafia Health Inc. (TSX-V:ALEF) (OTC:ALEAF), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD)(OTC:TGODF), Curaleaf Holdings Inc. (CSE:CURA)(OTC:CURLF), and Liberty Health Sciences Inc. (CSE:LHS)(OTC:LHSIF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just secured one of five Platinum Partner positions for the influential, three-day (June 7-9) landmark Lift & Co. Cannabis Expo Toronto 2019, hosted by Lift & Co. Corp. (CSE:LIFT)(OTCQB:LFCOF). Yield's Growth's Senior Research Scientist and Director of Product Development, Bhavna Solecki, will be presenting on the panel Looking Good and Feeling Great: Cannabis Beauty Products on Saturday, June 8: 11:35 am - 12:15 pm. With more than 20,000 delegates and visitors, The Lift & Co. Expo offers substantial exposure for The Yield Growth Corp. In addition, Yield Growth will make its Urban Juve Body Bio skincare kits available for purchase at a special conference price. Invitations will be available to Urban Juve consumers at an exclusive Yield Growth VIP afterparty featuring a special musical guest performance.
"We want to stand out among our fellow 250 B2B and B2C exhibitors," says Penny Green, Yield Growth President & CEO. "Creating a magnetic and engaging space for attendees at this exciting and busy forum requires more than creativity, great design and informed ambassadors. We have an engaging story with true substance. Whether it's the Ayurvedic influence and patent pending hemp root extraction technology that are the hallmarks of our Urban Juve brand, The Lift & Co. event will strengthen consumer and trade appreciation for our products, brands, services and technologies. We are excited to meet delegates and shed light, whether it's an investor seeking insight into the financial potential of cannabis or a consumer seeking an alternative to traditional skincare and medicine, our legal, product development and executive sales team will be present." For more news for BOSS, please visit: https://yieldgrowth.com/news/
Other cannabis-related developments from around the markets include:
Aleafia Health Inc. (TSX-V:ALEF)(OTCQX:ALEAF) just completed the largest adult-use cannabis order in the company's history. The Order is scheduled to depart from the Company's facility with delivery to a Canadian provincial government for distribution to online and retail consumers. It will contain the company's branded Symbl oils, oral sprays and dried flower products. The value of the Order is expected to generate proceeds from the sale of cannabis exceeding $0.7 million. In the first 38 days of Q2 2019, including the revenue to be obtained from the Order, the Company has received adult-use cannabis product orders from three Canadian provincial governments of over $1.2 million in gross revenue, representing significant growth when compared to the sale of cannabis revenues generated during 2018. "We are extremely pleased to report the largest ever cannabis sale in our Company's history," said Aleafia Health CEO Geoffrey Benic. "Furthermore, with our Niagara Greenhouse and Outdoor Grow expansion in a plant-ready state, the assets are now in place to scale our cannabis health and wellness vision exponentially and build on today's results."
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD)(OTCQX:TGODF) just obtained approval from Health Canada, under the Cannabis Regulations, to expand operations into its new state-of-the-art building located in Hamilton, Ontario. The 20,000 square feet indoor facility is going to be used for cannabis cultivation; planting will start in the coming weeks. "This is yet another important milestone for our team as we continue to ramp up production with a focus on executional excellence," commented Brian Athaide, CEO of TGOD. "We have pioneered the concept of sustainably growing all-natural, certified organic cannabis at scale. The product we are able to offer Canadians is clean, pesticide-free and undeniably premium." The newly built facility is the second of three buildings at TGOD's Hamilton site, which will have a total size of 166,000 square feet when all are completed later this summer, and an annual production capacity of 17,500 kgs.
Curaleaf Holdings Inc. (CSE:CURA)(OTCQX:CURLF) just announced the launch of Bido, hemp-based CBD products for pets. CBD is a non-intoxicating, non-psychoactive compound from the cannabis sativa plant. CBD has been shown in initial third-party studies to support a pet's overall wellness including the potential to help manage pain and anxiety. Bido pet drops come in three varieties, bacon, salmon and unflavored "pure," and Bido soft-baked bites are available in apple chicken, peanut butter bacon, and honey sweet potato. Bido's products were developed using 100% natural and U.S. grown hemp that was tested and extracted to the highest industry standards. Curaleaf's team of scientists transformed the hemp-based CBD oil into a product with a precise dosage and flavor for pets.
Liberty Health Sciences Inc. (CSE:LHS)(OTCQX:LHSIF) announced it would open its 14th Florida dispensary in Cape Coral's South Cape business district subject to Florida Department of Health approval. This is the first medical facility to open in Cape Coral and Liberty's second dispensary to open in Lee County. The 3,380 square-foot facility includes innovative shopping displays that engage and educate patients, two private consultation rooms and a large waiting room where patients, physicians and community members can learn about the benefits of medical cannabis. The dispensary is also equipped to offer drive-through services for its patients.
"We anticipate strong patient demand in the Cape Coral area, which is supported by a large population of potential patients living in Southwest Florida who can take advantage of our exceptional customer service and educational resources," said Victor E. Mancebo, interim CEO of Liberty. "There are many retirees living in our service area who can benefit from our products and Cape Coral is also one of the fastest growing cities in Florida. Already patients and the city of Cape Coral are embracing our presence and we are excited to provide the community with our premium medical marijuana products."
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