#CBD
Vending Machines Help to Light up the Holidays for Consumers (OTCQB: $CANB) (CSE: $IAN.C) (TSX:
$WEED.TO) (NYSE: $CGC) (OTC: $PURA)
Point
Roberts WA, Delta BC – December 18, 2019 - Investorideas.com, a
leading investor news resource covering cannabis and hemp stocks releases a
special report on recent events with regards to new product and retail
developments in the CBD space as the holiday shopping season winds up,
featuring news from Canbiola, Inc. (OTCQB:
CANB).
CBD
products exploded in 2019 and are now more accessible through new retail
agreements and online sales. As the year rolled along, many consumers gained
more awareness of the CBD space. They have more trust and knowledge of the
products they are looking for as companies now offer more transparency and
education. This leads us to the 2019 Holiday Shopping Season which is giving
many CBD companies the opportunity to reinvigorate sales and introduce new
products and sales avenues.
Read this in full
at https://www.investorideas.com/news/2019/cannabis/12181CBD-VendingMachines-Holidays.asp
According
to recent data, “CBD Search
rates grew 126% between 2016 and 2017, then another 160% from 2017 to 2018, the
study said. People are estimated to search for “CBD” and “cannabidiol” 117.7%
more this year, compared to last year.”
Canbiola, Inc. (OTCQB:
CANB),a developer, manufacturer and seller of a variety of
hemp-derived THC-Free Cannabidiol (CBD) Isolate products such as oils,
drops/tinctures, creams, moisturizers, chews and capsules announced the
deployment of the first 10 Canbiola-branded CBD product dispensing machines.
As
previously announced, the initial focus of this new direct-to-consumer
marketing strategy will be to place the product dispensing machines in MRI
Centers, outpatient surgery centers, urgent and emergency care facilities,
physician offices, high traffic shopping malls, fitness and health clubs,
country club golf pro-shops, and even high-end hotels. Each product dispensing
machine will dispense a variety of up to 10 of Canbiola CBD products (SKU’s)
including hemp oil drops, CBD salve and CBD Cryo Gel. The product dispensing
machines include a video screen with an explanation of CBD, a doctor
interview/tutorial on the potential applications of CBD and certificate of
analysis (COA) for each product being sold.
The
sale and demographic data from the first 10 unit placements will be used to
gather and analyze data to dictate the placement of the planned deployment of
up to 150 units in 2020.
Canbiola
Chief Executive Officer, Marco Alfonsi commented, “The deployments of the
Canbiola branded CBD machines will not only increase revenue but based on the
placement in high visibility locations will dramatically increase brand
awareness and allow consumers to learn about CBD and place orders in an
environment outside of the internet or a traditional retail store.”
In
other news, the company announced that Green Grow Farms, for which the Company
has signed a definitive acquisition agreement (to acquire 51% of), has signed a
national Dealer agreement with “The Triminator” to re-sell their full line of
Hemp Industry products inclusive of harvesters, trimmers, dryer, buckers and
other related products. After much research, Green Grow has determined the “The
Triminator” manufactures some of the best equipment on the market today;
equipment that Green Grow will be using in its operations as well re-selling to
customers, primarily in the northeast region of the United States.
Green
Grow Farms is positioning itself for 2020 to, in addition to growing, being a
full service provider for the Hemp Growing Community in the northeast region of
the United States, providing the best in harvesting, bucking, drying, curing,
trimming and processing. Green Grow intends to make the capital commitment to
build the required infrastructure to provide turnkey solutions for all the
aforementioned services to hemp growers of the northeast for 2020. Green Grow
will continue to partner with or develop the finest array of automated
equipment for the hemp Industry.
CBD
For Life, a subsidiary of iAnthus
Capital Holdings, Inc. (CSE:
IAN),
(OTCQX:
ITHUF), which owns, operates and partners with best-in-class
regulated cannabis operations across the United States, recently announced that it
has now reached over 2,600 retail stores in the United States with its leading
CBD-infused wellness and self-care products.
In
addition to traditional retailers like Urban Outfitters, Dillard's, The
Hallmark Store and Wegman's, CBD For Life's products can now be found with top
shelf placement in newsstands in hundreds of high traffic areas including rail
stations, commuter terminals and airports. The Company also began a limited
roll out of products with UNFI Distribution, the largest natural foods
distribution company in the United States and Canada with over 43,000 customers
including natural foods grocers, health food markets and superstores. The Company's products are also available
online at CBDforlife.us, Dillards.com, UrbanOutfitters.com and were recently
re-launched at TheGrommet.com. CBD For
Life's rubs were recently featured on the Yahoo.com holiday shopping guide “7
classy stocking stuffers they'll never guess are under $25”, and
the company has now reached over 1000 5-star product reviews.
"We are thrilled that CBD products are in
such high demand this holiday season. On Black Friday alone this year, we saw a
nearly 300% increase in our average daily sales. Cyber Monday was similar. Our
holiday gift set, available through our website, is seeing incredible
sell-through. With the recent upgrades we've made to our website, e-commerce
fulfillment, and third-party logistics systems, we are ready to meet that
demand and can't wait to put smiles on thousands of faces on Christmas
Day!" said Julie Winter, Vice President at iAnthus and General Manager of
CBD For Life. "We are beginning our fifth year of operations with great
momentum. In the new year, look for new
packaging and new products, including deodorant and lip treatments."
Canopy
Growth Corporation, USA, LLC (TSX:
WEED) (NYSE:
CGC)
recently
announced their entry into the US CBD space with the
launch of First & Free – a
hemp-derived CBD product line offered in a variety of formats, including
softgels, oil drops and creams. The products will be available for purchase on
the company's first e-commerce site: www.firstandfree.com.
Perfected through
state-of-the-art technology and rigorous testing, First & Free products are created by extracting and isolating
derivatives from the hemp plant to produce pure and consistent CBD formulations
that are packaged in easy-to-use formats.
"First & Free marks a new way for US
consumers to purchase quality CBD products from a trusted source," said
Rade Kovacevic, President of Canopy Growth. "Through state-of-the art
extraction methods, strict quality control measures, and scientific research,
we are delivering a best-in-class product to the market."
At launch, the First & Free brand will offer the
following hemp-derived CBD products:
●
First
& Free
Oil Drops
○
Unflavored 25 mg per mL (750 mg per 30 mL
bottle)
○
Peppermint flavor 25 mg per mL (750 mg per
30 mL bottle)
●
First
& Free
Softgels
○
250 mg CBD carton (10 softgels)
○
750 mg CBD
bottle (30 softgels)
○
1500 mg CBD bottle (30 softgels)
●
First
& Free
Creams*
○
2500 mg Everyday Cream (CBD Only)
○
2500 mg Motion Cream (CBD + Arnica)
○
2500 mg Revitalize Cream (CBD + Capsaicin)
Canopy Growth is
committed to selling only high-quality, tested and reliable products, and
ensuring it makes no claims unless clinically validated. This means selling First & Free products only in States
where permissible under state law in order to ensure compliance with state
consumer protection mandates and following the most stringent state laws
regarding the sale of CBD. The Company is also abiding by existing FDA
regulations for manufacturing, labeling and marketing dietary supplements.
CBD products are
not only making movement in the US, but are also starting to have an impact in
the EU with companies like Puration,
Inc. (OTC:
PURA), who recently
announced entering into a contract to begin bottling EVERx CBD
Sports Water in Europe. The company recently acquired a company to facilitate
bottling in Europe as part of an overall initiative to expand bottling capacity
world-wide. The company also entered into a distribution agreement in Europe
estimated to add $4 million in sales next year.
Management
indicates that the potential of European distribution goes beyond the initial
$4 million projection warranted by the establishment of a local bottling
capacity. The European market for CBD is projected to reach nearly US $17
billion by 2023. The company has scheduled an update with more details on the
company's recently announced 2020 expansion plan scheduled for next week on
Tuesday, December 17, 2019. PURA's expansion is intended to substantially
increase PURA's 2020 prospects beyond its current $8 million revenue target.
PURA has recently reconfirmed its $4 million revenue target for 2019 and an $8
million revenue target for 2020.
2019 has been an
explosive year for the CBD and Hemp industry and as this year makes a close,
many are looking to capitalize on this Holiday momentum and to continue to
drive sales and growth into and through 2020. We are now beginning to see which
product SKUs consumers are demanding, and as more clarity from the FDA comes
out and as competition forces higher company standards, we can expect to see
the CBD/Hemp industry having an even larger impact on the 2020 Holiday season.
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