First new product expected to launch in Q1 to be broad spectrum CBD hemp oil
LINDON, Utah, Feb. 4, 2019 /PRNewswire/ -- ForeverGreen™ Worldwide Corporation (FVRG), a global direct marketing company and provider of health and wellness products, announces the Company prepares for its first product launch and expansion into the CBD market.
Cannabidiol is understandably generating worldwide interest from both the scientific and investment communities. It's hard to ignore a market sector projected to nearly quadruple from about $16 billion last year to more than $63 billionworldwide by 2024. In just the United States alone, the marijuana industry could create an economic tsunami estimated to surge past $75 billion annually by 2022.
Broad spectrum CBD hemp oil is the first CBD oil product to launch in the first quarter as it reaches the final stages of development. The product is described as being completely THC-free and gives way to a wide range of benefits such as calming the effects of pain and discomfort, inflammation, anxiety, and stress.
"We are particularly eager to expand our company products into the CBD industry. This is such a rapidly, growing market right now and we anticipate these CBD products are going to drive sales worldwide. The buzz for CBD hemp oil has been steadily increasing and goes along with our overall goal, to promote health and wellness. Capturing a small part of this booming industry is going to bring endless opportunities for ForeverGreen," stated Joe Jensen, ForeverGreen's Executive Officer.
The Company will hold a conference call to provide a business update, followed by a question & answer period. The conference call will be held on Tuesday, February 5th, 12:00 PM EST. The call can be accessed in the U.S. by dialing (530) 881-1212 and entering the pin code 615-253-385#.
About ForeverGreen™ Worldwide Corporation
Empowering a health-conscious community to focus on mindful self-care, ForeverGreen's products, opportunities and ideals reach around the globe to thousands of individuals in over 100 countries.
ForeverGreen combines technology, science and ancient resources into products that can be shipped anywhere using a revolutionary envelope model. Despite this successful development, our most important product will always be people; community involvement and good character are the seeds of complete health. ForeverGreen is a publicly traded company based in Lindon, Utah. For more information, visit forevergreen.org. Welcome Home!
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.
Brokers and Analysts: