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Friday, 7 June 2019
Investorideas.com - E-Commerce Helping Pet Owners get Their Paws on #CBD #Pet Products (CSE:CURA.C) (OTC:LRSV) (CSE:VIDA.C) (OTC:PHVAF) (OTC:ELLXF)
Investorideas.com - E-Commerce Helping Pet Owners get Their Paws on #CBD #Pet Products (CSE:CURA.C) (OTC:LRSV) (CSE:VIDA.C) (OTC:PHVAF) (OTC:ELLXF)
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Thursday, 6 June 2019
Where to Buy Your #CBD #Pet Products? CBD Pet Companies Expanding Reach Through E-Commerce (CSE: $CURA.C) (OTC: $LRSV) (CSE: $VIDA.C) (OTC: $PHVAF) (OTC: $ELLXF)
Where to Buy Your #CBD
#Pet Products? CBD Pet Companies Expanding Reach Through E-Commerce (CSE: $CURA.C)
(OTC: $LRSV) (CSE: $VIDA.C) (OTC: $PHVAF) (OTC: $ELLXF)
Point Roberts WA,
Delta BC – June 6, 2019 - Investorideas.com, a leading investor
news resource covering hemp and cannabis stocks releases a sector snapshot
reporting on the CBD pet market as more companies enter the sector with a heavy
focus on e-commerce sales.
Read this in full at https://www.investorideas.com/news/2019/cannabis/06061Stocks-CBDPetProducts.asp
Curaleaf Holdings, Inc. (CSE: CURA) (OTC: CURLF), a leading
vertically integrated cannabis operator in the United States recently announced the launch of Bido
hemp-based CBD products for pets. CBD has been shown in initial third-party
studies to support a pet's overall wellness, including the potential to help
manage pain and anxiety. Bido Pet Drops come in three varieties, bacon, salmon
and unflavored "pure," and Bido Soft-baked Bites are available in
apple chicken, peanut butter bacon, and honey sweet potato. All Bido products
can be purchased online at www.curaleafhemp.com.
Bido's tasty products
were developed using 100 percent natural and US grown hemp that was tested and
extracted to the highest industry standards. Curaleaf's team of scientists
transformed the hemp-based CBD oil into a product with a precise dosage and
flavor for pets.
All Bido products
undergo strict laboratory testing before formulation as well as batch testing
on the final products before distribution. Lab results are available upon
request.
"Our human
customers are already reaping the benefits of CBD with Curaleaf Hemp. The same
care and research went into the development of Bido. We are excited to be
extending our high quality, trusted products to pet owners," said Joe
Lusardi, President and Chief Executive Officer of Curaleaf. "The launch of
Bido is just one more way we are the most accessible cannabis company in the US."
In a recent New York Post article, “New York
dogs and cats are turning to pot to deal with ailments like chronic pain and
seizures - and just to mellow out after a long day walking for The Man,
according to their owners and dealers.”
“Phoebe is a little high-strung and it kind of takes
the edge off her - like adults,” Long Islander John P. Delafuente, 37, told The
Post of his Cockalier’s habit for CBD-infused dog biscuits.
“She has a hard day in the city, a lot of noises
and other dogs barking. We recently started giving her biscuits and she just
chills,” he said.
Ronnie Almani, the owner of West Village CBD store,
Hemped says his CBD-infused chicken biscuits and steak bites are flying off the
shelves.
LinkResPet, a
subsidiary of Link Reservations Inc.
(OTC: LRSV), a company
providing Cannabidiol (CBD) products especially tailored for pets, announced the launch of its e-commerce
site, allowing consumers in the US and Canada to be able to purchase
LinkResPet’s CBD products for dogs, cats and horses on www.linkrespet.com, which was purchased
in February 2019.
Pet owners are
increasingly going online for their pet’s needs and products. A recent report
noted that 40% of pet owners in the US purchase pet
products from online retailers. It’s easy to understand the rise in e-commerce,
with benefits for consumers including the increased variety and availability of
options, greater accessibility, and ease of delivery to their homes. Taking this
onboard, LRSV’s LinkResPet site will be transformed into an e-commerce
platform, allowing customers to buy CBD products for dogs, cats and/or horses
from the comfort of their device.
“For us, it makes
absolute sense to enter the CBD B2C market with an e-commerce platform. There
is a huge opportunity for LinkResPet, with the number of people increasingly
buying products online and further ease and accessibility,” explained Rene
Lauritsen, Link Reservations Inc. CEO. “We are focused on delivering the highest
quality product in the most approachable way for the customer, having an
e-commerce platform is the first step for that. Beyond being easy to control
and maintain, starting with e-commerce ensures that we remain dedicated to the
product quality and swift experience for the customer as opposed to intricate
logistics that arise from brick and mortar shops.”
In fact, e-commerce
is becoming the most popular shopping medium in key territories. According to Absolunet, e-commerce is
expected to account for 15% of all specialty retail sales in North America,
with digital influencing nearly 60% of all retail sales. Mobile helped fuel
sales, which increased 55% in a year, while e-commerce in the region grew by
16% in 2018 to over $500 billion. Europe is also proving a fruitful market for
e-commerce. According to Emarketer.com, ecommerce sales in
the EU-5 (France, Germany, Italy, Spain and the UK) are expected to exceed $325
billion this year and surpass $400 billion in 2022.
“The key aspect for
us is that our LinkResPet e-commerce site will ensure people are not only able
to easily find the product they need, but also find a variety of information on
the site, while browsing from their preferred device without having to go out
of their way to find it,” added Lauritsen.
Additionally, the
company will also offer subscription options, which would allow customers to
get a package of CBD treats for their pets each month or quarter. Pet owners
would be able to curate their own product boxes with the treats their pet likes
best and have a recurring order with their preferences.
On this, Lauritsen
explained, “Now that the site is live, we are aiming to trial different
subscription options and see if they are the best fit for our customer. This
aligns with our mission of making high-quality CBD products accessible to pet
owners. In our eyes, it simplifies things and ensures they get the products
they need on a regular basis so they never run out. A subscription option is
one of the many choices we want to put in front of customers, along with
curated packages and potentially a referral system, to make sure we are
catering for both their needs and their pet’s.”
Phivida Holdings Inc. (CSE:VIDA) (OTC:PHVAF), a premium producer
of CBD/ Active Hemp Extract infused functional beverages and health supplements
recently announced that they intend to
introduce a range of hemp-derived CBD pet products. With a strong focus on
providing consumers with a healthy alternative to pharmaceuticals, and a fully
natural and plant-based health and wellness solution, Phivida's new product
line will provide a similar offering to pets.
"Our mission is
to provide the highest quality Hemp CBD natural wellness products for our
consumers," says Jim Bailey, President and CEO of Phivida. "By
expanding into the pet CBD category, our goal is to provide pet owners with the
option to support their pets' wellness needs for everything from sleep to
stress reduction."
Research conducted by
Nielson has estimated that Americans spent $33 billion on pet foods and treats
alone in 2017. According to the Brightfield Group, CBD pet product sales
increased from $8 million to $32 million in the last two years and is poised to
reach $1.16 billion by 2022.
Initially, the new
product range will consist of tinctures in three concentrations formulated for
small, medium and large pets as well as an oral spray. Pet treats are planned
to be introduced to the market as the US Food and Drug Administration clarifies
the regulations around edible CBD products.
"Myself and many
of our team are pet owners," added Mr. Bailey. "It is very important
to all of us that these valued family members have all the support they need to
enjoy a high quality of life. The products will be produced to the same high
standards as those for human consumption, and we are committed to listening to
pet owners and extending the offering to meet their needs."
Elixinol Global Limited (OTC: ELLXF) (ASX: EXL), one of the most
influential CBD brands in the world, with nearly three decades of experience in
the hemp industry announced earlier in the month
that they have purchased a 25 percent stake in Altmeds LLC, maker of the
pioneering and market leading Pet
Releaf
hemp-derived CBD pet line. Pet Releaf sales accounted for approximately 65
percent of the market’s pet CBD sales last year.
Pet Releaf
hemp-derived CBD topical, edibles and oils for pets currently sell in over
4,000 independent pet stores throughout the USA and multiple international
markets. By acquiring a stake in Pet Releaf, Elixinol will strengthen its
relationship with a major private label partner and secure a profitable
investment in the fast-growing hemp-derived CBD pet products market, while
ensuring Pet Releaf has the financial resources to innovate, expand and scale.
“Pet Releaf and
Elixinol share the same values in sourcing and end-product superiority,” said
Stephen Smith, President and Co-Founder of Pet Releaf. “The partnership of two
best-in-class companies means Pet Releaf will gain additional working capital
to be able to expand our reputation for innovation, and increase our scientific
and international expertise while still maintaining our ‘from seed to sale from
plant to pet™’ approach.”
Elixinol is the
exclusive supplier of final hemp extract sourced from the USDA Organic
certified hemp strain grown specifically for Pet Releaf. The founders of Pet
Releaf and Elixinol have shared scientific, farming and production ideas,
expertise and strategy for many years. Since inception, Pet Releaf has been a
foundational customer of Elixinol with both organizations starting in Colorado
in 2014. Together, the two strong brands leverage seed to sale supply chain
efficiencies with extensive scalability, in-house scientific expertise and proprietary
processing technologies.
Pet Releaf will use
the majority of the investment to fund working capital and scale the business
for expected continued growth in the market, through new product lines, key
strategic hires and increased capacity in a new state of the art 25,000
square-foot production facility.
“Pets play an
important role in the lives of many Elixinol customers,” added Chris Husong, VP
of marketing and communications at Elixinol. “Pet Releaf products give pet
owners peace of mind by using the same quality CBD hemp in their pet treats as
Elixinol uses in our human products. We’re excited to strengthen the
relationship with trusted pet products brand and partner, Pet Releaf.”
The CBD pet space has
been a hot topic for several months now, and there is a lot of anticipation and
expectation around how big this market will grow, but now with real products on
the market and consumer accessibility improved through e-commerce, we will soon
have tangible results for this sector. E-commerce access is now available for
US and Canadian consumers and it’s up to our furry companions to choose which
brand(s) will see proper sales growth in the coming months.
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