New York, NY -- March 13, 2019 – InvestorsHub NewsWire -- Stock Market Press (SMP) focuses on the rapidly growing Pet CBD market. Companies covered in this spotlight include Medical Marijuana, Inc. (OTC: MJNA), Isodiol International Inc. (OTCQB: ISOLF), mCig, Inc. (OTCQB: MCIG) and Metatron, Inc. (OTC: MRNJ)
With the recent passage and enactment of the 2018 Farm Bill, the USA federal regulations on Hemp have been lifted, opening up the doors to a hemp boom. Superior quality, along with increased production, are seeing prices drop and more companies expanding their CBD products to include the pet market. In the USA alone, the general pet market is expected to have topped $72B for 2018, an increase of almost 4% from 2017's $69.5B. With the advent of increased Pet CBD products, 2019 could see a much larger increase. Enter PetMojo and Metatron, Inc. (OTC:MRNJ)
Metatron, Inc. (OTC:MRNJ) just announced they have secured a deal with PetMojo, a company with over 20 years experience in eCommerce and 15 years experience running luxury pet services businesses. Through their combined talents, PetMojo and Metatron, Inc. (OTC:MRNJ) are going to develop and market a new Pet CBD product sales App for both iTunes and Google Play users.
“Pet-and-animal product CBD sales are estimated to reach $125 million by 2022, representing a 5-year CAGR of 57 percent, among the fastest-growing sectors in the CBD market.” - Metatron, Inc. Press Release.
The pet CBD market is massive and mCig, Inc. (OTCQB: MCIG) recently announced their expansion into CBD for pets. “CBD can help animals in many of the same ways that it helps humans: improving arthritis, immunity, anxiety, and digestion, and even with more serious conditions, like broken bones and post-operative care,” says Arkady Uryash, MD, PhD, head of MCIG’s Research and Development Department – mCig press release
Isodiol International Inc. (OTCQB: ISOLF) another CBD focused company has seen the potential boost in revenues that a pet CBD line could provide and announced plans to enter the pet industry.
Medical Marijuana, Inc. (OTC: MJNA) subsidiary Phyto Animal Health CEO's Ian Quinn and his dog Dante the Pitt Bull, who takes CBD, were at the HempMeds® booth showcasing the company's line of CBD hemp oil supplements and hemp products for cats, dogs and horses. “CBD hemp oil has been researched by top veterinarians for cardiovascular, pain management, orthopedic, and mental health in animals.” - Medical Marijuana Press Release
Metatron, Inc. (OTC:MRNJ) is tapping into another huge market, increasing both their product exposure as well as revenues, since the majority of CBD pet products are sold online.
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