HOUSTON, TX / ACCESSWIRE / April 12, 2019 / According to the Brightfield Group, worldwide CBD sales are expected to soar from $591 million in 2018 to as high as $22 billion by 2022 - a compound growth rate of 147%.
With this in mind, there are a handful of companies that could provide investors with exposure to that incredible growth. Some of those companies include Lifestyle Delivery Systems Inc. (CSE: LDS)(OTC: LDSYF), Charlotte's Web Holdings Inc. (CN: CWEB)(OTC: CWBHF), and CV Sciences Inc. (NASDAQ: CVSI).
Lifestyle Delivery Systems Inc.'s (LDS)(LDSYF) wholly owned subsidiary, CSPA Group just entered into an agreement to provide Mbioteq with a minimum of 120 liters of 85% THC raw distillate oil per month. CSPA Group is responsible for securing the biomass, testing it throughout the manufacturing process until it is in its final form and ready for pick up from the client. The price of each liter remains flexible in order to remain profitable should state wide biomass inventory reduce and prices for starting material rise.
''The Company has been stock piling both distillate and full spectrum cannabinoid oils for the production of CannaStrips,'' says CEO Brad Eckenweiler. ''The company has accumulated and warehoused enough distillate and oil to meet the anticipated demand required for all versions of the CannaStrips over the next couple of months and can now commit to additional third-party distillate production and sales.''
For More Information on Lifestyle Delivery Systems Inc., Click Here.
Charlotte's Web Holdings Inc. (CWEB)(CWBHF) is one of only ''a few hemp CBD producers capable of supplying large volumes of high-quality hemp extract from its own supply chain that can meet significantly increasing market demand. As the category and brand leader, our goal is to increase our market share and with this bountiful harvest we are able to satisfy our customer demands for 2019 and beyond,'' noted Hess Moallem, President and CEO.
As of late 2018, its products were in more than 3,600 stores. Better, through the first nine months of fiscal 2018, it produced $48 million in revenue, $37 million in gross profit, and $24.4 million in operating expenses. It's one of a handful of cannabis companies that are profitable.
For More Information on Charlotte's Web Holdings Inc., Click Here.
CV Sciences Inc. (CVSI) retails CBD products in retail stores. One of its products, PlusCBD Oil is now available in 3,308 stores, up 48% from 2,338 stores at the end of December 2018.
According to the company, the product is expanding into the food, drug and mass channels. ''The passage of the 2018 Farm Bill has accelerated our business development activities and expanded our distribution to new food, drug, mass merchandise retailers,'' said Joseph Dowling, Chief Executive Officer. ''We are at an important stage in the development of the hemp-based CBD market, and the company is well-positioned to capitalize on both growing consumer demand and the benefit of enhanced regulation that supports and ensures the safest and highest quality hemp-based CBD products for consumers.''
For More Information on CV Sciences Inc., Click Here.
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
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