Strong
Global Distribution Channels will be Essential in Creating Brand Awareness for #CBD:(OTC:
$HIPH) (OTC: $LRSV) (OTC: $KGKG) (OTCQB: $CVSI)
Point
Roberts, WA and Delta, BC - May 9, 2019 (Investorideas.com Newswire) Investorideas.com, a leading
investor news resource covering hemp and cannabis stocks releases a snapshot
looking at how companies in the sector are continuing to increase their
distribution footprint in preparation for their CBD product releases.
There continues to be
an aggressive push for distribution agreements among key CBD product players.
Strong global distribution channels will be essential in creating early
consumer brand awareness and developing revenue streams for the time when CBD
products will hit the market, especially with larger mainstream retailers.
Read this in full at https://www.investorideas.com/news/2019/cannabis/05091GlobalDistributionChannels.asp
Kona
Gold Solutions, Inc. (OTC: KGKG), a
hemp and CBD lifestyle brand focused on product development in the functional
beverage sector, is looking to expand its distribution having announced that it has partnered with sixteen new distributors
within the last thirty days. These new
distribution partners are located in California, Idaho, Indiana, Kentucky,
Louisiana, Minnesota, Nevada, New Mexico, New York, Oklahoma, Texas, Virginia,
Washington and Wisconsin. With its Kona
Gold Hemp Energy Drinks and HighDrate CBD Energy Waters, the Company continues
to grow its market share in the hemp and CBD infused beverage sector by adding
new distribution partners, further solidifying itself as a leader in its
market. Kona Gold currently has
distribution partners in 24 states.
Kona Gold announced earlier this month it has begun
production of its new exciting flavors for both its Hemp Energy Drink and CBD
Energy Water product lines. These new
Kona Gold Hemp Energy Drink flavors include Bubble Gum and Candy Apple, while
the new HighDrate CBD Energy Waters include Sour Apple and Blue Island Punch. All new flavors are expected to hit the
market by mid-to-late May.
“The Company is growing its market presence at its fastest
pace to date and our revenue is a reflection of that growth,” stated Robert
Clark, CEO of Kona Gold Solutions, Inc. “This month, Kona Gold has moved the
largest amount of product it has ever moved in a one month timeframe, over
10,000 cases, and with our new flavors launching next month, we do not
anticipate that to slow down.”
Kona Gold’s highly anticipated Storm CBD High Alkaline
Water is also expected to hit the market at the end of May. The Company’s Storm CBD High Alkaline Water
will be available in popular 1.0 Liter bullet bottles and contain 20mg of CBD.
American Premium Water Corporation (OTC: HIPH) recently announced that its varicose vein cosmetic, Vanexxe is
now available for sale on Amazon. An agreement was also reached with
Incentibuys, one of Asia’s fastest growing multi-level marketers to distribute
the product through their network of distributors across China, Korea,
Malaysia, Vietnam and Indonesia.
American Premium CEO, Ryan Fishoff commented, “I am excited to announce
that Vanexxe is available for sale on Amazon. This is a great accomplishment
for the Company, as this first of its kind product is now available for sale on
the world’s largest cosmetics and consumer goods platform. Amazon is a great
channel to get brand exposure and connect with customers, domestic and
internationally. The agreement with Incentibuys will expand our international
distribution footprint to Asia, especially China and Korea, where there is
large demand for this product. This is a fast growing network of independent
distributors who will be actively selling Vanexxe, a rarity in the MLM space
where there is no exclusivity to the network. The Company will have the
opportunity to sell other products into this channel, including its LALPINA CBD
water brand, gaining entry into one of the world’s largest markets.”
Incentibuys (www.incentibuys.com) is one of Asia’s fastest growing multi-level
marketing (MLM) platforms, with over 12,000 independent distributors across
China, Korea, Malaysia, Vietnam and Indonesia in addition to distributors in
the UK and South Africa. The Company projects that this agreement could
generate sales of up to 10,000 units a month sold across the distribution
network.
“The agreement with Incentibuys opens up strategic markets in Asia for
the Company. Leveraging the network of over 12,000 independent distributors is
an innovative medium for the Company to introduce its products into some of the
world’s largest markets. Vanexxe could generate seven-figure revenue from this
channel alone. There is a lot of potential in this marketplace for CBD and
non-CBD products. This is just the beginning of the Company’s efforts to
solidify a global distribution footprint, adding to existing channels in the UK
(United Kingdom) and Europe. The Company is taking the proper steps building
these channels strategically to create a worldwide distribution network that
will increase revenue, enhance shareholder value, and distinguish ourselves
from competitors who are only focused on the domestic markets. The Company is
engaged in discussions with many national retailers and I look forward to providing
an update to shareholders,” concluded Mr. Fishoff.
This distribution
deal follows hot on the heels of the company’s recent news of an agreement with
LinkResPet, a subsidiary of Link
Reservations Inc. (OTC: LRSV), a company providing cannabidiol-based
(CBD) products specifically for pets, who announced the signing of a letter of intent with
American Premium Water to create a new CBD beverage aimed for pets. The Joint
Venture (JV) will plan to launch a new LinkResPet product beverage “powered by”
LALPINA CBD by the end of the year.
“We are always on the
lookout for the best way to treat animals, and by combining our LinkResPet CBD
formula with American Premium’s hydro nanotechnology, we are creating a new and
innovative way to deliver powerful CBD properties to pets,” explains Rene
Lauritsen, CEO at Link Reservations Inc. “By partnering with American Premium
Water Corp and co-branding our new product with LALPINA CBD, we are raising the
profile and recognition of both our CBD pet products and our brand, reassuring
our customers of our quality and trustworthiness when treating their pets. We
are really excited for this JV and look forward to working together in breaking
barriers and developing innovative products for animals.”
Following the rise in
demand for CBD products in the pet care sector, LinkResPet is looking for new
ways to administer CBD solutions to companion animals. Currently, CBD is being
used to treat anxiety and pain among dogs and cats without the harmful side
effects of some mainstream therapies.
American Premium
Water Corporation CEO, Ryan Fishoff added, “Entering a JV with LinkResPet
brings a huge opportunity for us by working with an innovator in the pet care
sector. We are excited to introduce CBD infused water to the sector as this is
an area we have been looking to enter. In LinkResPet we have found the perfect
partnership, with natural synergies and values as well as a strong belief in
the properties in CBD. We look forward to working with Rene and his team to
develop this innovative product for pets.”
CV
Sciences, Inc. (OTCQB:CVSI), a preeminent supplier and manufacturer of hemp CBD
products, has also announced further expansion of its industry-dominating brand,
PlusCBD Oil™. As of March 31, 2019, PlusCBD Oil™ branded products are available
in 3,308 retail stores, up 48% from 2,238 retail stores as of December 31,
2018.
The expansion includes broadening distribution of its
best-selling topical, PlusCBD Oil™ Extra Strength Balm, into the Food, Drug and
Mass (FDM) channel, including programs with leading national retailers.
“The passage of the 2018 Farm Bill has accelerated our
business development activities and expanded our distribution to new food,
drug, mass merchandise retailers,” said Joseph Dowling, Chief Executive
Officer. “We are at an important stage in the development of the hemp-based CBD
market, and the company is well-positioned to capitalize on both growing
consumer demand and the benefit of enhanced regulation that supports and
ensures the safest and highest quality hemp-based CBD products for consumers.”
These are far from the only distribution agreements
announced in the last few months, as more and more CBD companies emerge each
day and large scale retailers and distributors such as Walmart and CVS join the marketplace with its increased momentum. As we
continue to anticipate the CBD explosion expected to occur later this year, for
now proper distribution channels remain an essential strategy for any company
looking to compete on a global scale.
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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