Innovation and Distribution; The Two Pillars for
Success in #CBD Market: (OTC: $HIPH) (OTC: $LRSV) (OTC: $CVSI) (OTC: $GDET)
Point Roberts, WA and Delta, BC - May 6, 2019
(Investorideas.com Newswire) Investorideas.com, a leading investor news
resource covering hemp and cannabis stocks releases a snapshot looking at the
hemp and CBD oil sector and how as the market gets crowded with CBD products,
companies are betting on innovation and new distribution to help them stand
out.
We’ve been hearing
constantly about CBD, ever since the passing of the 2018 Farm Bill, but how can
any one company hope to stand out in such an ever-growing crowd? The answer
that seems to be appearing more often is unique and innovative product
offerings along with unique distribution arrangements.
American Premium Water Corporation (OTC: HIPH) announced that it has entered into a letter of intent
with Link Reservation, Inc. (OTC: LRSV) to form a joint-venture to produce a
CBD-infused water specifically designed for consumption by household pets. This
product will be the first pet CBD beverage on the market which allows both
companies to be in a unique position moving forward. It will be sold under the
LinkRes Pet brand “powered by” LALPINA CBD. The product is expected to be released
in 2019.
CEO of American
Premium Water Corporation, Ryan Fishoff commented, “I am excited to announce
this joint venture with LinkRes Pets to produce the first CBD-beverage for
pets! The consumer market is huge, and there are many studies that have shown
how pet health can benefit from consumption of CBD. This is a great partnership
for the Company. We will be providing our proprietary Hydro-Nano formulation to
be used in the manufacture of the product by LinkRes. They will handle
logistics and distribution; while the Company will assist with marketing. This
partnership will provide great exposure for the LALPINA CBD brand. Every pet
owner is also a potential customer for our LALPINA CBD water. Pet owners
statistically are more affluent than non-pet owners; co-branding with LinkRes
will bring additional exposure to our Company to a very captive consumer
base.”
In mid- April
American Premium Water also announced that the Company had received a two container
order from a distributer in the UK. The order is expected to ship out during
the 2nd quarter and be reflected in the subsequent Q2 financials. Based on the
expectation of residual orders from this distributor and other pending
distribution deals, the Company is announcing guidance for fiscal year 2019 of
at least $1 million in expected revenue.
Rene Lauritsen,
President and CEO of LinkRes Pets commented, “It is great to partner with a
company like American Premium Water Corp. Their Hydro Nano technology is very
advanced in the marketplace that is backed with scientific data, which aligns
with the LinkRes brand. Co-branding with the LALPINA CBD is the key element
that will be essential for a successful launch creating this brand new product
category (Pet CBD Beverages). This partnership will be very impactful for
LinkRes Pets, and I look forward to working with Ryan and his team in the
coming months developing this product.”
LinkRes Pets (www.linkrespet.com) produces CBD products specifically tailored
for cats, dogs and horses. LinkRes current product offering is exclusively CBD
oil. The partnership with American Premium Water would be their first product
outside of CBD oil. The American Pet Products Association estimates that the US
pet product industry will be worth over $75 billion in 2019. New Frontier Data
projects that the CBD Pet Product Market will reach $125 million in sales by
2022. And according to a report by Research and Marketing, over 55% of US
households own a pet, and are more likely to be in a higher income household than
non-pet owners.
“There is a huge
opportunity with this partnership. Currently there are no pet CBD beverages on
the market, and the pet beverage market itself is very limited and
underdeveloped. We are going to be starting out with a huge head start. This
product has the potential to add $1-3 million dollars of incremental revenue to
the P&L once full distribution is reached. This partnership is an example
of how the Company’s IP and technology acquisition strategy is paying
dividends. The Company is leveraging its proprietary Hydro-Nano formulation to
generate incremental revenue. The Company will continue to seek partnership
opportunities in new categories, similar to our partnership with Hanlon’s
Brewery in the UK. We are currently engaged in discussions with other potential
partners about leveraging the Company’s technology into new product categories
and applications. I look forward to providing shareholders with updates on
these conversations when developments are ready to share.” concluded Mr. Fishoff.
CV Sciences, Inc. (OTC: CVSI), a preeminent supplier and manufacturer of
hemp CBD products, recently 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.”
The company also announced that it will release financial results for
its first quarter 2019 ended March 31, 2019, after the stock market closes on
Wednesday, May 8, 2019. The Company will hold a conference call with the
investment community at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) that
same day.
The webcast of the conference call will be available on the Investor
Relations section of the Company's website at https://ir.cvsciences.com/news-events and at http://public.viavid.com/index.php?id=134448. The webcast will be archived for
approximately 30 days.
GD
Entertainment And Technology (OTC: GDET) has
also garnered new distribution for their unique products having recently announced that the company’s Hemp Derived CBD
wellness and cosmetic products will now be available on EBAY (www.EBAY.com/thegreeneryshop).
The Company launched its brand-new Hemp Derived CBD product line last
weekend in conjunction with the annual 420 celebration. Sales have been even
better than expected. In addition to now
being available online at EBAY, GDET's The Greenery hemp derived CBD wellness
and cosmetic products are also available at www.thegreeneryco.com.
The company also announced that Goldman Small Cap Research
issued a research report on the Company. The report includes a target
price-per-share of $0.06. The report reviews recent events and provides an
analysis of GDET's new initiatives. To view the research report, along with
disclosures and disclaimers, visit http://www.GoldmanResearch.com.
As mentioned above, CBD news is and will most likely
continue to be non-stop for 2019 which means each company in the space will
have to work harder to stand out and secure early distribution. While this may
be stressful for companies currently in this space, or thinking of entering,
this is a massive boon for US customers who will soon have easy access to a
vast array of impressive hemp derived/CBD products.
For investors
following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX
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