#CBD Wellness Space
Filling up Fast: More #Cannabis Companies Adjust 2019 Strategies; (TSXV: $RIV.V)
(OTC: $BOXS) (CSE: $OVAT.C) (CSE: $IAN.C)
Point Roberts WA,
Delta BC – April 22, 2019 - Investorideas.com, a leading investor
news resource covering hemp and cannabis stocks releases a snapshot looking at
the continued mad rush to enter into the CBD wellness from cannabis companies
of all sizes as many see this as a massive potential revenue earner for 2019.
According to New
Frontier Data and MJ Freeway, the top-three reasons why consumers use cannabis
are; for relaxation (66%), stress relief (59%) and to reduce anxiety (53%).
Other reasons include improving sleep, treatment of medical conditions and to
enjoy social experiences. These reasons as well as the media hype surrounding
CBD are driving many to change their strategic positions and invest more in the
wellness segment of CBD.
Read this in full at https://www.investorideas.com/news/2019/cannabis/04222Stocks-CBDWellness.asp
Canopy
Rivers Inc. (TSXV: RIV) (OTC: CNPOF), recently announced the completion of an investment in
High Beauty, creator of industry-leading cannabis beauty brand high for US$2.5 million of shares in High Beauty, representing 18.4% of the
company on a fully diluted basis.
"Being supported by Canopy Rivers enables us to
collaborate within the Canopy Rivers ecosystem and to focus our energy and
passion on the creation of a robust new product line using cannabis-derived
extracts," said Melissa Jochim, a highly successful formulator and Founder
of High Beauty. "Cannabis sativa seed oil is an untapped ingredient
resource with amazing skincare benefits.
This partnership will allow us to scale High Beauty's business much
"higher" in a short time frame."
BoxScore Brands, Inc. (OTC: BOXS), a company that
develops, markets, and distributes cannabis related and other alternative
wellness products including ice cream electronic kiosks in North America,
recently announced the addition of consumer goods industry veteran Michael P.
Flanagan. The Company is also announcing a new strategic direction focused on
opportunities within CBD and other alternative wellness products.
Michael
Flanagan, newly appointed CEO of BoxScore Brands stated, “Cannabis and other
alternative wellness products today resemble the tech industry 25 years ago.
The opportunities are broad and consumer adoption is expanding rapidly. We
currently operate in California and Nevada, two states at the forefront of
adoption and demonstrable growth. This makes perfect sense for the company to
pivot product offerings given the positive regulatory environment and our
existing assets.”
Raymond
Meyers, Chairman of the Board and Founder stated, “2019 will be an exciting year
for our company both strategically and through the addition of new personnel
who have deep experience in the Cannabis category as well as new products and
branding on a national level.”
Ovation Science Inc. (CSE: OVAT) (OTC: OVATF) recently unveiled the launch of its
new topical skincare product line infused with hemp-derived CBD called ARLO
Beauty. This announcement came in conjunction with the announcement that
Ovation and Canopy Growth Partners have mutually elected to terminate their
license agreement, eliminating the restrictions preventing the Company from
dealing with other licensed producers in Canada and terminating the rights of
first refusal held by Canopy which inhibited Ovation's ability to roll out its
own line of non dispensary products in the US and both dispensary and non
dispensary products in other countries. The elimination of these restrictions
is particularly important because of the recent lifting of federal restrictions
on CBD products in the US and now allows Ovation to immediately enter that
market.
Because of the non-psychoactive aspect of CBD, bigger
brand retailers and distributors are less hesitant to enter the space, as shown
with iAnthus Capital Holdings, Inc.
(CSE:
IAN) (OTCQX: ITHUF) who announced that CBD For Life, a top-ranked,
national CBD brand in the US which the Company agreed to acquire on March 29,
2019, has entered into an agreement with Urban Outfitters, a lifestyle-oriented
general merchandise and consumer products store with 245 locations throughout
the United States, Canada and Europe.
The agreement places CBD For Life products in Urban
Outfitters' e-commerce platform and the top 6 retail locations in the US. The
CBD For Life products are expected to launch in select Urban Outfitters stores
later this month.
Wellness, health and beauty products are gaining traction
on a global scale and for the many cannabis companies looking to take in early
revenue and expand their global foot print the CBD wellness space offers a
strong strategic opportunity. We can expect to see many more companies entering
into this space throughout 2019 as distribution channels continue to open up
and the products become more mainstream.
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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