#CBD
Frenzy Continues: Acquisitions Leading the way for Sector; ( $SIML) ( $POTN) (
$SING) ( $EDXC)
Point
Roberts WA and Delta BC - July 10, 2019 (Investorideas.com Newswire) Investorideas.com, a leading
investor news resource covering hemp and cannabis stocks releases a snapshot
reporting on the continued movement surrounding CBD/hemp business acquisitions
based on continued growth in consumer and industrial demand in both the US and
internationally.
Fior Markets said in its recent report, ‘the global industrial hemp market is
expected to grow from USD 4.41 Billion in 2018 to USD 14.67 Billion by 2026’.
Strategically
positioning for this sector, Simlatus
Corporation (OTC: SIML), a holding company focused on opportunities
in the cannabis space, with Proscere Bioscience as the company’s division
focused on the CBD industry just commented on the cannabis industry and their
acquisitions.
Richard Hylen,
Chairman and CEO stated “Our shareholders and management team have been on an
impressive run ever since the company expanded its footprint into the cannabis
sector with our most recent acquisition of Proscere Bioscience. With this
acquisition, the company gained access to a cold-water CBD extraction
technology that presents an exciting opportunity in revenue generation. With
the acquisition, the company has gained access to a valuable asset capable of
strengthening its revenue base, with a current $2.8M in its first purchase
order and commitments of $275M over the next 5 years. The company has already
set sights on Canada, USA, and Europe as it embarks on an aggressive
commercialization drive for the cold-water CBD extraction systems.”
He went on to say,
“Legal marijuana is worth an estimated $50 billion for the U.S. today, and
experts have projected the U.S. industry to skyrocket to $80 billion by 2030.
Simlatus has a firm standing in this industry with the manufacturing of its
Cold-Water Extraction Systems required to fulfill the industry needs for THC,
CBD and Hemp extraction. Cannabis legalization has swept across North America
with 10 states plus Washington, D.C. that provide legalized recreational
marijuana; and full legalization having arrived in Canada in October 2018. Our
subsidiary, Proscere Bioscience, is fulfilling its first order of $2.8M and 5
year commitments from its global distribution of $275M. This is definitely a
game changer for our company and our shareholders.”
The company continues
to be technology and service driven in the growing industries of cannabis,
audio/video and high-speed internet products; while its new management team
uses its own cash reserves to drive down debt and dilution and focus on moving
the company to NASDAQ.
SinglePoint Inc. (OTC: SING), another company who has made acquisitions
in the cannabis/hemp industry recently announced that it has signed a $109,465,000 contract
with Elite Foundation LLC of North Carolina to supply more than 275,000 pounds
of premium hemp flower over a period of 15 months. The client has approved and
taken receipt of the second batch of product and Elite has approved
approximately 5000 pounds of varietal strain hemp flower which has been
reserved for their next 4 to 6 shipments, expected every other week.
“We are grateful for
the opportunity to work with SinglePoint in continuing to establish ourselves
as the Southeast’s preferred hemp provider, trusted to satisfy our clientele’s
growing demands by ensuring quality, consistency and variety for the downline.
This alliance potentiates a cascade of mutual benefits across many sectors
within the burgeoning hemp industry, and we look very much forward to
generating these positive energies together!” states Max Alexander, Chairman
and CFO of Elite Foundation.
According to
SinglePoint President, Wil Ralston, “There is very little high-quality hemp
flower in the United states so we’re pleased that our client can take advantage
of our supply before it’s available to other supermarket clients. After
visiting with our suppliers yesterday it is clear that the market is drying up
quickly and we have access to supply the best flower available to the market
with additional greenhouse quality flower coming to market as well. This has
been a great development for SinglePoint and our VP of Sales, Don Smith, has
done a wonderful job of closing this contract. He is currently working with
additional clients in need of hemp flower as well as many other raw materials
such as biomass. We look forward to the closure of these deals among others in
our pipeline including private labeled finished goods for retail distribution.
We see a large opportunity to put end user product throughout retail distribution
in the coming months. Industrial derived hemp has created a wave of new
products and opportunities in which SinglePoint has been able to drive
additional revenue and profit.”
BDS Analytics and
Arcview Market Research project that the collective market for CBD sales in the
US will surpass $20 billion by 2024 while New York-based investment bank Cowen
& Co, estimates that the market could pull in $15 billion by 2025. The
smokable hemp market currently represents approximately 2% of the overall CBD
market, but with a 250% growth from 2017 to 2018, Brightfield Group, a
Chicago-based cannabis market research firm, identifies dried and smokable hemp
flowers as one of the fastest-growing segments of the CBD market. SinglePoint’s
bold entry into the hemp flower market positions the company as one of the
leading hemp flower wholesalers in the country.
CBD Unlimited, Inc. (OTC: EDXC), formerly known as Endexx Corporation, a
provider of innovative phytonutrient-based nutritional and wellness products recently commented on the CBD/hemp industry and their role
within it in several interviews with Proactive Investors.
Mr. Dustin Sullivan,
COO of CBD Unlimited, commented on the recent spike in demand for CBD in retail
stores as more CBD moves into brick-and-mortar retail across America. Because
of this, CBD Unlimited is expecting CBD to eventually become the new
mainstream.
Months prior, Mr.
Todd Davis, CEO & Chairman of CBD Unlimited, spoke with Proactive Investors commenting on the Company’s plan to scale
the Company significantly. Since then, the Company broke sales and store count
records and looks to update the public on these numbers after the quarter ends.
CBD Unlimited, Inc.
develops and distributes all-natural Hemp-Derived CBD, containing less than
0.3% THC in compliance with USDA regulations. The company’s products are built
upon three key fundamentals: targeted-delivery, controlled-dosing and dual-therapy
applications. Its products range from oils, capsules and topicals, to
proprietary pet products, all with the shared purpose of supporting the
therapeutic relief of pain and inflammation for humans and pets. Phyto-Bites
are CBD soft chews for animal use that are formulated to promote health and
support the reduction of separation anxiety, pain and inflammation.
PotNetwork Holding, Inc. (OTC: POTN), through its wholly-owned subsidiary
Diamond CBD, has also successfully launched several new lines of CBD oil products for
the consumer and wholesale markets, including Full Spectrum CBD MCT Oils, CBD
Oil with Hemp Seed Oil, CBD Oil Honey Tinctures, and CBD Oil with Olive Oil.
The new products are being launched at a time when consumer interest and
preference for CBD products continues to peak.
Diamond CBD’s new CBD
oil products have been a hit with consumers as well as in the wholesale market,
helping merchants and retailers to boost sales and bring larger numbers of
customers through their doors. Available in several of the Company’s more
popular brands, including Relax, Meds Biotech, and its own consumer-favorite
eponymous brand, these new CBD oil products brought in over $1.1 million in
sales in May alone.
According to a new
Gallup poll, most Americans are aware of CBD oil and many feel it is beneficial
in some way. As the market for products continues to grow, Diamond CBD
continues to introduce new and exciting products to meet the wants and needs of
consumers.
“Our new lineup of
CBD oil products gives consumers and those in the wholesale marketplace an
expanded choice,” said Kevin Hagen, CEO of Diamond CBD parent company,
PotNetwork Holdings, Inc. “What this new poll from Gallup tells us is that not
only do more consumers want easy access to CBD oil, but that the market
continues to expand and that consumers want that expansion. We at Diamond CBD
are poised to satisfy that expansion.”
While CBD continues
to have its day in the sun, we can expect to see more acquisitions and
partnerships in this space which in turn is expected to have a massive impact
on the price point of hemp/CBD products in the near future, similar to what was
seen in early adopter cannabis states. This is expected to drive consumer
demand even further but will force companies to strategically position
themselves with the right business plan if they want to stand out in an overcrowded
CBD market.
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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