#CBD and #Cannabis Companies Prepare for Beverage
Market; (TSX: $WEED.TO) (CSE: $SPR.C) (NASDAQ: $NBEV) (NYSE: $HEXO)
Point Roberts, WA and Delta, BC - March 27, 2019
(Investorideas.com Newswire) Investorideas.com, a leading investor news
resource covering hemp and cannabis stocks releases a snapshot looking at the
CBD and cannabis infused beverage sector and how companies are preparing to
enter this new market segment.
In recent news, Food and Drug Administration Commissioner Scott Gottlieb
said his agency has plans to regulate CBD edibles and will start holding public
hearings on the matter as early as April.
Since the legalization of hemp and
hemp-derived CBD in the Farm Bill, the CBD industry has eyed the FDA's position toward the
substance, as it represents an obstacle to mass-market CBD edibles from a
federal standpoint.
Having a clear set of rules could make it easier for
cannabis and CBD companies to distribute their products on a larger scale and
would eliminate the uncertainties that might prevent large retailers such as
Walmart, Inc., from offering CBD products.
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Canopy
Growth Corporation (TSX: WEED) (NYSE: CGC) has been preparing for the Canadian infused beverage
market since receiving its investment from Constellation brands and is now
preparing for the US, having acquired AgriNextUSA, a hemp enterprise led by CEO, Geoff Whaling
which has been at the forefront of hemp advocacy and building a vibrant hemp
sector in the US. The acquisition will accelerate Canopy Growth's entry into
key American jurisdictions as regulations surrounding the full use of hemp as a
crop begin to be implemented.
Sproutly
Canada Inc. (CSE: SPR) (OTC: SRUTF), a company whose core mission is to become the leading
supplier to the cannabis beverage and consumables market, discussed their
beverage plans in their recent strategic update.
“Sproutly
has made significant progress towards building a world-class cannabis beverage
and infused product company since going public in July of last year,” said
Keith Dolo, CEO and Director. “We have been successful in acquiring the
exclusive rights to Infusion Biosciences’ APP technology in certain
jurisdictions, which is able to produce naturally water-soluble cannabinoids
that deliver the full experience of cannabis paralleling the onset and offset
profiles of smoking. From there, we have
made steps to bring in the people and the resources to build a global
cannabis-branded company focused on beverage and infused products” he added.
Following
the legalization of adult use recreational cannabis in Canada in 2018, cannabis
edibles are expected to be legalized later in 2019. As the Company approaches the legalization of
edibles and beverages, Sproutly is developing its brand and partnership
strategy with respect to APP technology.
Sproutly will look to maximize the use of the exclusive Canadian license
for APP Technology that it obtained through the acquisition of Infusion
Biosciences Canada Inc. APP Technology is a patent-pending process that gently
recovers naturally water-soluble cannabinoids as well as natural oils;
recovering between 85% - 90% of the total bioactive cannabinoids in the plant.
New Age
Beverages Corporation (NASDAQ: NBEV), a Colorado and Utah-based organic and natural beverage
company intending to become the world's leading healthy beverages and lifestyle
company, recently announced that it will hold an investor conference
call on Friday, March 29, at 8:30 AM EST to discuss the Company's full year
financial results for the period ending December 31, 2018.
In the conference call, NBEV will host a Q & A session
for investors, where they will have the chance to inquire about NBEV’s beverage
plans for the coming months and how the FDA decisions in April may affect their
beverage strategy moving forward.
HEXO Corp. (NYSE: HEXO) (TSX: HEXO), similar to Canopy, has
put focus into product supply having announced that it has entered a
definitive agreement with Newstrike Brands Limited, in which HEXO will acquire
all the outstanding and issued common stock of Newstrike as per the Business
Corporations Act of Ontario.
The
licensed indoor facility of Newstrike will offer HEXO access to the different
growing techniques which will help position the company for global exports as
the cannabis market continues to grow.
As
we prepare for the Canadian consumables market and Federal regulations
surrounding the CBD infused market in the US, ensuring a proper supply chain,
distribution network and having top quality product are essential to any
company aiming to capitalize on this opportunity. The beverage market is set to
explode, but prospective companies still have a few more months to prepare for
what could be the future of the beverage industry as a whole.
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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