US #Retail
Sales of #CBD Generating Revenue - (OTC: $HIPH) (OTC: $PURA) (OTC: $MCOA)
(OTCQB: $RMHB) (TSX: $CRON.TO) (NASDAQ: $CRON)
Point
Roberts, WA and Delta, BC - August 16, 2019 (Investorideas.com Newswire) Investorideas.com, a leading
investor news resource covering hemp and cannabis stocks releases a snapshot
focusing on the growth of retail and e-commerce CBD sales in the US which are
beginning to generate early revenues for hemp/CBD companies.
A recent article in Forbes discussed the uptake of retail sales in the
CBD space. “The CBD market is moving towards mainstream retailers and is projected to be over $20
billion in sales by 2024. Walgreens, Sprout,
CVS, Ulta Beauty, GNC Holdings, Urban Outfitters are just a handful of
retailers offering or looking to offer, CBD products to consumers.”
Read this in full at https://www.investorideas.com/news/2019/cannabis/08161CBD-RetailSales.asp
Cronos Group ( TSX:
CRON) (NASDAQ:CRON)
, a Toronto-based
marijuana company, predicts CBD customers in the United States will be the
“largest contributor” to its sales over the next couple of years.
The
comments
came
as Cronos released its first earnings report since the company
announced plans to spend $300 million in the U.S. hemp market
through the acquisition of four operating subsidiaries of Los Angeles-based
Redwood Holding Group.
“It’s fair to
estimate that the U.S. CBD market will likely be the largest contributor (to
sales) over the next year or two,” Cronos CEO, Michael Gorenstein said.
American Premium Water Corporation (OTC: HIPH) announced that it is reaffirming its $1 million
revenue guidance for fiscal year 2019. The projection is based on existing
orders and future orders in the Company’s pipeline from its LALPINA CBD water,
partnerships and co-branded product leveraging the Company’s proprietary
Hydro-Nano technology, expanded distribution of Vanexxe, and other initiatives
in the pipeline; a more comprehensive breakdown:
●
Two-Container Order:
the Company received a two-container order from a distributor in the UK. The Company
has begun delivery of order
●
US Distributors: the
Company is in discussions with distributors in New York, New Jersey,
Pennsylvania, Florida, California, Missouri, Nevada, Arizona and Oklahoma.
●
International
Distribution: The Company is engaged in discussion with distributors in Mexico,
Columbia, Australia and Thailand
●
CBD Pet Water: The
Company’s joint venture with LinkRes Pets is slated to launch for sale this
August
●
Hanlons Brewery: the
Company is finalizing testing with Hanlons Brewery and is looking to roll-out the CBD infused beer by the start of the 4th quarter
●
THC Formulation: the
Company is looking to launch its THC version of its proprietary Hydro Nano
formulation by the end of this year in California
●
Vanexxe: the Company
is in discussions with several big
box retailers for retail and
e-commerce distribution.
●
Partnerships and JVs:
the Company has been engaged in working with other partners on marketing,
branding, and distribution in the CBD and non-CBD sectors.
American Premium
Water Corporation CEO, Ryan Fishoff, commented: “The Company is confident that
it will achieve its $1million revenue guidance for the year. Our goal is to
surpass this number and I believe we are on track to accomplish this. Despite
the volatility in the market, nothing has changed; the Company remains
committed to executing its business plan and achieving short and long term
benchmarks. We have begun the two year audit with Weinberg & Co. and are
working towards becoming fully reporting by the end of the year. There is a lot
in the pipeline; management is working feverishly to get all these initiatives
off the ground as investments that the Company has made in acquisitions,
intellectual capital, and products are beginning to pay off. Aside from
everything that’s been discussed in the public domain, there are other
partnership and acquisition discussions that are currently underway. It’s a
very exciting time for the Company; as progress is made, I look forward to
updating shareholders on developments as soon as I’m able to.”
LALPINA CBD water can
now be purchased online by visiting https://www.singleseed.com/product/lalpina-cbd-water-6-pack/
Puration, Inc. (OTC: PURA) and Kali-Extracts
recently confirmed adding CBD infused tea to its new line of
CBD beverage partnerships.
Last week, PURA and
KALY published a management presentation to provide shareholders with more
details on PURA’s recently implemented program to introduce CBD infused
versions of existing third-party beverages.
PURA has recently announced plans to introduce a CBD infused beer in
partnership with an existing beer producer.
In similar fashion, PURA is partnering with an existing coffee producer
to introduce a CBD infused coffee. In
conjunction with the presentation published last week, PURA announced a third
partnership to develop CBD infused tea. Additional partnerships are in the
works.
PURA is a leading CBD
infused beverage company having produced over $1 million in CBD beverages in
the United States last year. PURA has
targeted $4 million in sales for 2019. The
presentation is included in its entirety on the company’s website.
PURA works closely
with its partner KALY, the owner of a US-Patented cannabis extraction process
in the implementation of the plan to introduce infused versions of existing
beverages.
MARIJUANA COMPANY OF AMERICA INC. (OTC: MCOA), an innovative hemp and cannabis
corporation, and joint venture partner Global
Hemp Group Inc. announced that their joint venture subsidiary, Covered
Bridge Acres Ltd. has started generating revenue through operations at its hemp
farm in Scio, Oregon.
Through a combination
of the sales of raw biomass, plantlets, CBD crude oil and CBD distillate
produced from various processing test runs, along with other farm operations,
CBA generated $525,500 in its first year of operation.
In its most recent
transaction, CBA sold 10,000 lbs of shucked biomass to an Oregon extraction
facility for $400,000. The CBA team is currently working with this party and a
number of others, to complete the purchase of the remaining inventory.
Initially, CBA was
expecting to monetize the 2018 hemp biomass after entering into a processing
agreement with Richardson Gap Farm LLC (RGF), as disclosed on May 18, 2019.
However, RGF was unable to process CBA’s biomass due to unforeseen issues with
its processing equipment. Although RGF produces high quality distillate, CBA was
no longer willing to delay the monetization of its biomass any further and
decided to sell the biomass to another extractor. With multiple offers on the
table to purchase the biomass, CBA shucked the biomass (removed stalks and
stems) and completed the sale.
CBA still has
approximately 4,000 lbs of un-shucked biomass out for processing into
distillate by additional extractors, and will split the final product on a
50/50 basis with its joint venture partner, Marijuana Company of America, Inc.
(OTC: MCOA). Once processed, it will be sold along with inventory on hand (8 kg
of 92% distillate that was processed by RGF from crude oil CBA received from
other processors test runs). Recent sales of this type of distillate have been
in the $4,000 per kg range.
Innovation and
mechanization are key components to reducing labor costs on the farm. In
preparation for the handling of this year’s harvest, the CBA team specifically
designed a shucking machine to remove the flowers and leaves from the stalk and
stems and is in the process of fabricating a prototype, having reserved a small
amount of biomass to test the equipment. Once shucked, the biomass will be
processed into distillate for sale on the open market later this summer.
Rocky Mountain High Brands, Inc. (OTCQB: RMHB), a fully reporting lifestyle brand
management Company specializing in high-quality health and wellness products, announced that it has entered into an agreement with Water Event Pure Water Solutions of
Carrollton, Texas to distribute hemp-derived CBD products to its expanding
15,000 home, office and retail customer base.
Established in 1971,
Water Event is independently owned and operated by Brian Rose, who has been in
the home and office water delivery business for over 34 years. The corporate
office, manufacturing facility and retail store are in Carrollton, Texas. The company
also operates warehouse distribution facilities in Houston, Austin, and
Sherman/Denison. Water Event is also in the water filtration and water bottling
business.
Michael Welch,
President and Chief Executive Officer of Rocky Mountain High Brands said,
“Water Event’s fleet of delivery trucks service 15,000 customers in the highest
population growth areas in Texas, including Dallas/Ft. Worth, Houston,
Austin/San Marcos, San Antonio, and Sherman/Dennison. Their customers include
office buildings, residential homes and select retail establishments. The
Company’s agreement with Water Event includes our HEMPd Wellness for Life
Products:
●
Tinctures
●
Water Soluble
Solution
●
Capsules
●
Gummies
●
Salve
●
Lotion
as well as our HEMPd
CBD-Infused Flavored Waters, our Rocky Mountain Hemp Seed Extract-Infused
beverages, and our Rocky Mountain High Hemp-Infused Energy drinks.”
Mr. Welch continued,
“Water Event has solidified its place as the premier home and office delivery
service in Texas because of their quality of products and extraordinary
customer service. For us to be able to sell our hemp-derived CBD products
alongside someone with Mr. Rose’s credentials and customer base puts us on the
forefront of a rapidly growing Texas market.”
Mr. Welch concluded,
“We are pleased to have the opportunity to expand our relationship with Water
Event and Mr. Rose. In fact, we have our next bottling run of Eagle Spirit Spring Water scheduled for
the week of August 5, 2019 at Water Event.”
Brian Rose, owner of
Water Event, stated, “Now that Texas has passed a law allowing the sale of CBD
oil, there is a tremendous opportunity in this exciting product category. It is
important to have the right CBD products on my trucks. I chose Rocky Mountain
High Brands due to their high standards and involvement with the U.S. Hemp
Roundtable and that gives me confidence that their products are safe, legal,
and are some of the best in the industry. By partnering with Rocky Mountain
High Brands, Water Event is harnessing the expertise and capabilities of a
dynamic young hemp company to accelerate my company’s growth.”
As more retailers
look to expand their CBD offerings and as brand awareness builds for online
sales we should start to see if market projections meet reality over the next 4
quarters and if the revenue predictions based off of early demand will hold and
rise as is expected.
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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