CBD-based Products Becoming the Fastest Growing Segment of Cannabis Industry
November 16 2017 - 12:31PM
InvestorsHub NewsWire
MarketNewsUpdates.com News Commentary
Palm Beach, FL -- November 16, 2017 -- InvestorsHub NewsWire
-- When it comes to hot new trends in the marijuana markets,
CBD-based products have exploded as well as stealing the spotlight
this year. The cannabis industry, specifically in North
America, is benefitting from a significant and sudden boost in
demand and revenue levels from the new and advanced products. From
a business perspective, the profit margins in the CBD markets can
be huge and demand is growing rapidly as the availability of
concentrates increases. In Canada alone, revenues from
cbd-oil are up over 300% and experts believe the rising product
margins for CBD-based products are another factor driving
performance. The industry as a whole is considered by many as the
fastest-evolving and the fastest-growing sector of the market
today. Active in the markets today include: PotNetwork Holding
Inc. (OTC:
POTN), SugarMade Inc. (OTC:
SGMD), Puration Inc. (OTC:
PURA), Kalytera Therapeutics Inc. (OTCQB:
KALTF) (TSX-V: KALY.V), Agritek Holdings Inc. (OTC:
AGTK), Isodiol International Inc. (OTC: ISOLF) (CSE:
ISOL.CN).
PotNetwork Holding Inc. (OTC:
POTN) announced today, it's wholly owned subsidiary, Diamond
CBD, Inc., has reported its revenues for October. With
nearly $1.7 million generated, the Company's sales
exceeded September's revenues by 42%.
"It's exciting that our sales continue to strengthen. With our
continuing strategy in place, we approach the end of the year with
great anticipation," stated Chief Executive Officer, Richard
Goulding, MD. Read this and more news for POTN
at: http://www.marketnewsupdates.com/news/potn.html
PotNetwork recently announced that the Company had recently
reported Third Quarter Revenues of $4,444,800.00, Exceeding
Second Quarter Results by 29%. The Company also retained the
auditing services of East West Accounting Services, LLC, a Public
Company Accounting Oversight Board (PCAOB) registered CPA firm, to
provide a methodical review and analysis for the audited
verification of the Company's recent monthly reported revenues.
In other industry developments and market performances of note:
Sugarmade, Inc. (OTCQB: SGMD) announced today its plan to
create the world's largest publically traded cannabis industry
supply company. Sugarmade and BizRight, LLC, one of the premier
distributors and e-commerce marketers to the booming cannabis
supply sector, have entered into a Letter of Intent for a Master
Marketing Agreement where all BizRight products will be offered by
Sugarmade. Upon the effective date of the definitive Master
Marketing Agreement, all revenues for the iPower and all
sub-branded products marketed by BizRight will be recognized by
Sugarmade.
Mr. Jimmy Chan, CEO of Sugarmade commented, "We view
the Los Angeles area as ground zero for the cannabis
legalization revolution and this deal is designed to put Sugarmade
and its shareholders right in the middle of the action. The new
Sugarmade will be far larger than every other publicly traded
supplier to the legal cannabis and hydroponic supply sector and in
this business, size matters. The scale at which will be able to
operate will allow us to lower manufacturing, warehousing, and
transportation costs, and most importantly our cost of capital.
This will allow the access to the capital we need to fund the many
other business opportunities currently available in the growing
cannabis marketplace. We think 2018 is be a very special year, not
only for Sugarmade shareholders, but also for the many participants
in this new and dynamic market sector." BizRight has been growing
rapidly in the cannabis supply sector for several years. During
2017, BizRight is expected to produce at least $30
million in revenues and to be profitable. Growth for 2018 to
over $40 million in revenue is expected. As compensation
for the Agreement, Sugarmade will pay the owners of BizRight a
combination of cash and common shares in Sugarmade.
Puration Inc. (OTC: PURA) closed up over 33% on over 18.3
million shares traded by the market close on Wednesday. The company
yesterday announced plans to have a cannabis infused beverage ready
to launch in Canada in conjunction with the nationwide
legalization of recreational marijuana expected
in Canada in July of 2018. Deloitte estimates the market
for legal marijuana in Canada could reach $8
billion. The Canadian Spirits market is $5 billion. "I
originally became a Puration shareholder when I purchased the
Puration distribution rights for Canada," said Brian
Shibley, CEO of Puration. "I am a Canadian citizen and with my
experience and contacts in Canada, I became interested some
time ago in distributing Puration products in Canada. One
thing has led to another and Puration has evolved. My interest in
Puration has since grown, and so I have become the CEO. With the
pending nationwide legalization of recreational marijuana
in Canada, combined with Puration's experience in cannabis
extractions and making cannabis infused beverages, I am even more
enthusiastic today about distributing Puration products
in Canada then when I originally came to the
company."
Kalytera Therapeutics Inc. (OTCQB: KALTF) (TSX-V: KALY.V)
announced the United States Patent and Trademark Office has issued
a Notice of Allowance for US Patent Application 15/143,694 covering
the use of cannabidiol ('CBD') in the treatment of graft versus
host disease ('GVHD'). Securing a patent for this proprietary
technology represents an important step forward for the Company in
its work focused on the treatment of this serious and
life-threatening disease. "We are delighted to receive this Notice
of Allowance from the USPTO", said Robert Farrell, J.D.,
Kalytera's Chief Executive Officer. "There are currently few
options to treat persons with GVHD, a critically underserved
market. The results of the previous four clinical studies that
evaluated CBD in the prevention and treatment of GVHD were
exceptional and unprecedented. Based on that data, we believe that
our proprietary CBD based therapeutic may provide a major advance
in the prevention and treatment of this disease, and we anticipate
that we will also soon receive Notice of Allowance for our US
Patent Application 14/787,515 that covers both the use of CBD in
the prevention of graft versus host disease, and the treatment of
graft versus host disease." Kalytera has exclusive world-wide
rights to the technology that is covered by both of these
patents.
Agritek Holdings Inc. (OTCQB: AGTK) closed up over 12% on
Wednesday trading over 15.2 million shares by the market close.
Earlier in the week, Agritek announced it has agreed and entered
into negotiations to purchase the surrounding nine-hundred (900)
acres of its existing 80 acre Hemp planned research site
in Pueblo, Colorado. Currently, Agritek Holdings owns eighty
(80) acres with water and mineral rights for its planned Hemp
research project for production of CBD infused products. The
Company has now been given the first right and accepted the offer
to purchase the surrounding nine-hundred (900) acres making it one
of the largest operating Hemp research projects seeking approval by
the state.
Isodiol International Inc. (OTC: ISOLF) (CSE: ISOL.CN)
recently announced the U.S. sales launch of ImmunAG™, the market's
first non-cannabis cannabidiol (CBD) product derived from the hops
plant. The time-released tablet will be unveiled at the Marijuana
Business Conference and Expo (MJBizCon) in Las Vegas and
available for purchase through Isodiol's website. "The release of
ImmunAG is a monumental milestone for Isodiol, as it marks the
industry's first foray into non-cannabis CBD products,"
said Marcos Agramont, CEO of Isodiol. "This launch is a
continuation of our company strategy to provide a diverse range of
products as we strive to increase shareholder value by creating
entirely new market segments."
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party
publisher and news dissemination service provider, which
disseminates electronic information through multiple online media
channels. MNU is NOT affiliated in any manner with any company
mentioned herein. MNU and its affiliated companies are a news
dissemination solutions provider and are NOT a registered
broker/dealer/analyst/adviser, holds no investment licenses and may
NOT sell, offer to sell or offer to buy any security. MNU's
market updates, news alerts and corporate profiles are NOT a
solicitation or recommendation to buy, sell or hold
securities. The material in this release is intended to be
strictly informational and is NEVER to be construed or interpreted
as research material. All readers are strongly urged to perform
research and due diligence on their own and consult a licensed
financial professional before considering any level of investing in
stocks. All material included herein is republished content
and details which were previously disseminated by the companies
mentioned in this release. MNU is not liable for any
investment decisions by its readers or subscribers. Investors
are cautioned that they may lose all or a portion of their
investment when investing in stocks. For current services
performed MNU has been compensated forty-nine hundred
dollars for news coverage of the current press release issued
by PotNetwork Holding Inc by a non-affiliated third party. MNU
HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may", "future", "plan" or "planned", "will" or "should",
"expected," "anticipates", "draft", "eventually" or "projected".
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and MNU undertakes no
obligation to update such statements.
Contact Information:
info@marketnewsupdates.com
+1(561)325-8757
SOURCE MarketNewsUpdates.com
Puration (CE) (USOTC:PURA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Puration (CE) (USOTC:PURA)
Historical Stock Chart
From Sep 2023 to Sep 2024