#CBD
Companies Making Moves for Warmer Weather in Mexico and South America; (CSE:
$CNNA.C) (TSX: $KHRN.TO) (CSE: $SOL.C) (CSE: $CANA.C)
Point
Roberts, WA and Delta, BC - March 29, 2019 (Investorideas.com Newswire) Investorideas.com, a leading
investor news resource covering hemp and cannabis stocks releases a snapshot
looking at how, as CBD gains momentum in the US, companies are eyeing the next
potential markets; mainly south of the border in Mexico and South America.
In November 2018,
Mexico announced approval for the importation and sale of cannabis products at
pharmacies and retailers across the country to service the Mexican population
of 130+ million. Sixty product licenses
have been initially approved by the COFEPRIS thus far, and it is expected this
decision will make cannabis products like hemp-derived CBD available on the
shelves of general retailers across the nation.
CannaOne Technologies (CSE: CNNA), a company that develops and markets various digital tools to
service various segments for the cannabis industry in Canada, with its flagship
product BloomKit, is taking advantage of this new southern market potential.
The company recently announced entering into a formal agreement with Manna
Health Services SA de CV of Mexico City, to undertake the development, launch,
and operation of an industry-leading, online CBD product purchase and delivery
marketplace for the Country of Mexico. The agreement was signed on March 5,
2019, with a contract term of 36 months and an option to renew for an
additional 60 months at the conclusion of the initial period.
Read this in full at https://www.investorideas.com/news/2019/cannabis/03291Mexico-SouthAmerica.asp
"BloomKit, our
enterprise software solution, will give Manna the capability to offer a
flagship and fully operational online CBD marketplace once Mexican regulations
are finalized. For example, it will offer Manna the ability to inherently
monitor and track pick-up and delivery logistics, and the capability to deliver
historical and current trending analytics to ensure optimal management of all
CBD sales channels. It will provide this all with the benefit of a simple and
easy to use built-in eCommerce solution."
Currently, Manna
Health is approved by the Mexican government to buy, sell, lease, distribute,
import, or export any products related to health and wellness. Once this CBD
marketplace has launched, Manna has further committed to CannaOne to jointly
study, analyze and utilize all market and consumer data that is collected and
retained through the marketplace."
CANNAMERICA BRANDS CORP. (CSE: CANA) (OTCQB: CNNXF) is also looking into Mexico for CBD, having
announced that it has entered into a binding letter of
intent to create a joint venture with Sericea Labs S.A. de C.V. and
CBDistribution Company Ltd., with the intention of building a facility in Mexico
for importing and warehousing licensed CBD products as well as CBD oils and
tinctures destined for refining.
When and if permitted
under Mexican laws, the Company, SERICEA and CBDC also plan on acquiring,
importing and cultivating industrial hemp biomass for extraction into CBD
isolate to be used for multiple product lines which utilize CBD. Subject to
Board approval from the Company and completion of satisfactory due diligence,
the JV Parties intend to enter into a definitive joint venture agreement on or
before April 30, 2019.
Khiron
Life Sciences Corp. (TSXV: KHRN) (OTCQB: KHRNF), a vertically integrated cannabis leader is focused not
only on Mexico, but all of Latin America, having recently announced participating in Cosmoprof Worldwide Bologna, which took
place March 14-17 in Bologna, Italy.
Kuida®, the first consumer brand for Khiron's wellness
unit, brings the benefits of cannabidiol (CBD) to a comprehensive portfolio of
skin and body care products for women. Launched in Colombia in October 2018
through retail, wholesale and online channels, Kuida® will now target the
global skincare market which, according to Euromonitor International is
expected to reach US$131 Billion in 2019.
SOL
Global Investments Corp. (CSE: SOL) (OTCQB: SOLCF) also put a focus on international CBD in February, when
the company announced the formation of a new international hemp-focused
subsidiary, Heavenly Rx Ltd.
From the
news:
"We are launching Heavenly Rx with the aim of
acquiring a portfolio of battle-tested and proven hemp/CBD companies while also
acquiring certain unique brands for which we believe CBD and hemp-infused
products could drastically change their growth," added SOL's chief
investment officer Andy DeFrancesco. "We are more bullish than ever about
the future of the hemp and CBD industries globally, and Heavenly Rx will
without a doubt be the vertically integrated leader in the space. Heavenly Rx
is not simply an investment company, but rather a laser-focused global Hemp and
CBD company only for all operations under the Heavenly Rx banner."
CBD is already on the tip of everyone’s tongue in the US
at the moment and it seems this “hype” is extending outward into the Latin
American community and Europe. The import/export of US CBD is expected to take
off in 2019, and companies looking South and East could gain a sizeable
advantage due to the massive consumer populations available.
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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