#Cannabis Companies
Shift Focus towards Beauty and Wellness (NYSE: $CGC) (OTC: $GCAN) (OTCQB:
$KHRNF) (NYSE: $APHA)
Point Roberts WA,
Delta BC – April 10, 2019 - Investorideas.com, a leading investor news
resource covering cannabis stocks releases a snapshot looking at the many
cannabis companies looking into the CBD beauty and wellness sector and why this
sector is gaining such momentum.
According
to one report from the GlobalWellnessInstitute, “a wellness mindset is starting to permeate the global
consumer consciousness, affecting people’s daily decision-making – whether food
purchases, a focus on mental wellness and reducing stress, incorporating
movement into daily life, environmental consciousness, or their yearning for
connection and happiness,” noted Katherine Johnston, senior research fellow, GWI.
“Wellness, for more people, is evolving from rarely to daily, from episodic to
essential, from a luxury to a dominant lifestyle value. And that profound shift
is driving powerful growth.”
This change in mindset combined with growing interest from
large retailers, most recently CVS and Walgreens, is
making many companies invest in beauty and wellness.
Read
this in full at https://www.investorideas.com/news/2019/cannabis/04105Stocks-BeautyWellness.asp
The most notable is Canopy
Growth Corporation (TSX:WEED) (NYSE:CGC) who, along with Sequential Brands
Group, Inc., recently announced that Martha Stewart joined the
Company in an advisory role to assist with developing and positioning a broad
new line of product offerings across
multiple categories including beauty and wellness.
With several clinical trials underway, Canopy Growth will
be leaning on Martha’s vast knowledge of consumer products while exploring the
effectiveness of CBD and other cannabinoids as they relate to improving the
lives of both humans and animals.
The Greater Cannabis Company Inc. (OTC: GCAN), a market leader and
innovator in the development and commercialization of cannabinoid delivery
systems, just recently announced its expansion into
the CBD beauty, cosmetics and self-care markets. In addition to its highly
bioavailable, orally dissolving transmucosal patch, the Company is now
formulating and commercializing a new line of products for CBD-infused
cosmetics and skincare applications.
“Consumer demand for CBD-infused beauty
products has prompted major retailers such as Walgreens, Sephora and CVS, and
major cosmetic brands like Estee Lauder to move into this emerging sector,”
said Aitan Zacharin, Chief Executive Officer of The Greater Cannabis Company.
“Our unique and proven technology, coupled with the high stability of our
product formulations well positions us to meet the market’s demand for
CBD-infused beauty and cosmetic products.”
“CBD has a broad range of benefits in topical
application, including antioxidants for anti-aging, anti-inflammatory for acne
and more,” added Zacharin. “But bioavailability and stability are enormously
important to its effectiveness, which is our significant competitive
advantage.”
Outside the US, Khiron Life Sciences Corp. (TSXV: KHRN), (OTCQB: KHRNF) announced that it has signed
multi-channel distribution agreements for its Kuida® cosmeceutical brand with
Fedco and Linio, two of the most prominent consumer distribution channels for
wellness and beauty products in Colombia.
In combination with the initial product launch through Farmatodo and
Farmalisto, it is anticipated that the Kuida® brand will now be made available
in up to 78 retail locations and through the country's leading online portal
for beauty products. Initially focused on distribution in Colombia, these
agreements create potential for the Company to further expand distribution
across other Latin America jurisdictions.
Alvaro Torres, CEO
and a Director of Khiron, comments: "These agreements with Fedco and Linio
further deliver on our market strategy for Kuida® and provide the flexibility
to tap into cross-selling opportunities as consumers increasingly adopt CBD
based cosmeceuticals into their skincare regimen. We look forward to working
with some of the largest retailers in Colombia as the Kuida® brand increases
its presence in the marketplace and is positioned for future growth."
Aphria Inc. (TSX: APHA) (NYSE: APHA) is looking into
beauty and wellness Internationally, as through its subsidiary Aphria
Deutschland GmbH, it recently launched the Company's first
CBD-based nutraceutical, the first product in its CBD-based cosmetics line for
the German market. Featuring CBD derived from hemp, the CannRelief brand of
products are being produced in the European Union and distributed by the
Company's subsidiary, CC Pharma, which has access to more than 13,000
pharmacies throughout Germany.
CannRelief CBD oils
are being sold in both a 5% and 10% CBD concentration and can be found in
select stores across Germany. A range of skincare and other products, including
creams, serums and masks will be introduced under the CannRelief brand in a
phased rollout in 2019. More information about CannRelief products can be found
at cannrelief.de.
With the beauty and wellness market expected to have
continued growth and consumer mindsets changing, we can expect more cannabis
companies to diversify into this area as well as increased interest from large
scale retailers, as seen recently from Walmart.
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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