POINT ROBERTS, Wash., and DELTA, British Columbia, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot focused on new product launches in the CBD sector and how the hemp and CBD industry is maturing.
The CBD market has been aggressively expanding since the signing of the US Farm Bill, but now the sector is starting to mature, as well as separate from the THC cannabis sector, as products are hitting shelves and online retailers. New Frontier Data says, “The US Hemp CBD Market will Triple by 2022.”
Crop Infrastructure Corp. (CSE: CROP) (OTC: CRXPF) has focused on the demand for CBD isolate, having announced earlier in the month that its 49% owned subsidiary, Elite Ventures reported that Hempire has been issued with a 2019 hemp handler, hemp nursery and hemp grower licenses covering 1,350 irrigated acres on its 2,115 acres of owned or leased CBD focused lands.
Crop CEO, Michael Yorke, stated: "With the increased size and operating range of our tenant's licenses, CROP's Nevada CBD operations are emerging into a truly world class operation. Our land holdings, micropropagation team, strategies, drying and extraction capabilities and supply agreements will enable us to operate from seeds to isolate to sales in 2019."
International Spirits and Beverage Group Inc. (OTC:ISBG), a top-tier brand incubator in the Global Wine & Spirits and CBD-Infused Products markets, recently announced that it will launch live sales of its second official CBD product in the form of a complete line of CBD Topicals, featuring all-natural icy/hot, odor-free CBD lotions and gels capable of deeply penetrating sore muscle tissue and providing soothing relief for aches and pains through the healing action of high-potency, nano-infused cannabidiol.
“We view our incubation model as unique in the CBD space at present,” commented ISBG CEO, Terry Williams. “We have traction with one product, and we are nearing the release of our second. We plan to build this division into a dominant position in the marketplace using our strong strategic partnerships with leaders such as BioPulse and Canbiola, and then progressively monetize it through brand acquisitions.”
“We have developed a model that specializes in producing brands for acquisition,” continued Mr. Williams. “The CBD space is ideal as an application for this model because the ROI is now so eye-popping that major consumer products companies sitting on big cash reserves will see diversification into the CBD products market as an increasingly inviting option. We are cultivating a top-tier line of products that represent industry-leading quality in terms of bioavailability and potency across the board.”
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) has also had a new product launch, having announced the launch of PureCloud 9, (a Liht Cannabis Corp. brand), a collection of 6 organic hempseed oil based skincare products to the health and wellness market.
PureCloud 9 will offer its first six products for in-store purchase and to consumers online at www.purecloud9.com which currently offers delivery options within Canada and will open globally in the near future.
1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF) has focused more so on reach, having recently reported that its subsidiary, Infused MFG. continues to expand its reach across the US and has attained product distribution into 46 states.
Infused, a manufacturer of proprietary hemp-based, CBD infused health and wellness products continues its market penetration in the US where it has established its own distribution to over 600 stores. Infused's recognized brands, including Canna Hemp™, Canna Hemp X™ and Canna Hemp Paws™ are available in over 250 retail stores in California, Nevada, Arizona and Colorado, with the remainder distributed across the United States. In addition, the Company has an established e-commerce presence, sales agents, call-centre and a dedicated sales and marketing team who work directly with each retailer building and maintaining relationships, providing customer service and education.
"Owning our distribution is key to our growth strategy and to our success, ensuring that our branding and messaging is properly delivered", said Mr. Chris Rebentisch, USA Chief Operating Officer. "Our operational expertise and excellence have set the benchmark for product manufacturing, distribution and compliance in Nevada."
With supply chains and distribution networks now in place and with products hitting shelves, the CBD sector is starting to separate itself from the THC focused cannabis market. With more quarterly financials expected in the next few weeks, the CBD and Hemp sector will have the chance to prove their viability as an independent product sector.
For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
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