CBD Infused Products Continue to
Bolster Global Billion Dollar Market Growth
ALM BEACH, FL -- February 12, 2020 -- InvestorsHub NewsWire --
via Financialnewsmedia.com News Commentary -- The global CBD size
is projected to continue its seemingly ever accelerating growth and
is expected to reach USD 23.6 billion, expanding at a CAGR of
22.2%, according to a new study by Grand View
Research, Inc. Increasing adoption of cannabidiol (CBD) infused
products in various industries such as pharmaceuticals, personal
care and cosmetics, and nutraceuticals along with its medical
applications is expected to drive the market over the forecast
period. Availability of marijuana-derived CBD products in
dispensaries as well as government-approved pharmacies and stores
and high efficacy of marijuana-derived CBD compared to hemp-derived
CBD are some of the pivotal factors for the growth of the segment
according to Grand View. Ease of availability of a wide range of
CBD based products to the consumers is one of the key factors
driving the growth of this segment. Furthermore, increasing
adoption of cannabidiol infused pharmaceuticals for various
conditions such as chronic pain, epilepsy, autism, and anxiety is
anticipated to support the growth of this segment over the forecast
period. Active Companies from around the market with
current developments this week include: Puration
Inc. (OTCPK:
PURA), Kona Gold Solutions,
Inc. (OTCPK:
KGKG), Canopy Growth
Corporation (NYSE: CGC)
(TSX: WEED), PotNetwork Holdings,
Inc. (OTCPK:POTN), Aphria
Inc. (NYSE: APHA) (TSX: APHA).
The rising Awareness of the health benefits of CBD infused
products is expected to grow the market for years to come,
according to several industry reports. CBD infused products offer
wide-ranging health benefits with few side effects and low risk of
addiction. Recently, CBD drinks are increasing in both popularity
and availability as cannabis products and marijuana has become
legalized in states across the country. CBD to consumable products
may make it easier for consumers to incorporate it into their
lifestyles and gain these benefits. Currently, cannabis-based
concentrates, extracts, and edibles are becoming highly popular
among consumers. It is expected that U.S. consumer sales of CBD
will reach around $1.8 billion U.S. dollars by 2022.
However, regulation and compliance on the use of CBD in the food
and beverage industry have the potential to hampers the growth of
the market. The market is expected to exhibit significant growth in
the forecast period due to rising adoption of natural products over
pharmaceutical products is an opportunity for this market.
Puration, Inc. (OTCPK:PURA)
BREAKING NEWS: PURA Makes
Bid For Hemp4mula CBD Confections Backed By $5
Million Investment - Puration today
announced making a formal proposal to Kali-Extracts (KALY) to
acquire KALY's Hemp4mula CBD Infused Confections operation.
On Monday, earlier this week, PURA announced closing on a $5
million investment to fund the prospective acquisition of
cannabis infused beverage, edible and topical operations.
The $5 million investment is structured as a debt
facility whereby funds can be drawn as needed to fund
acquisitions. The drawn funds would be secured by the
acquired asset and the debt can be repaid in stock
at $0.10 per share. Hemp4mula is the first target
acquisition for PURA in an anticipated series of acquisitions.
Hemp4mula currently includes two products, Hemp4mula Gummies and
Hemp4mula Gum each infused with 10mg of CBD extracted from
hemp. Read this and more news for PURA at:
https://www.financialnewsmedia.com/news-pura/
In the CBD/Cannabis industry developments and happenings in
the market include:
Aphria Inc. (NYSE: APHA) (TSX: APHA) recently
announced that it closed its previously announced strategic
investment from an institutional investor for aggregate gross
proceeds to the Company of C$100,000,001.
Pursuant to the Offering, the Significant Investor has agreed to
purchase 14,044,944 units of the Company at a price
of C$7.12 per unit. Each unit is comprised of one common
share of Aphria and one-half of one common share purchase warrant
of Aphria. Each warrant will entitle the Significant Investor to
acquire one common share at a price of $9.26 for a period
of 24 months from the closing date of the Offering. As
previously disclosed, the Company intends to use the net proceeds
from the Offering to finance international expansion, working
capital and general corporate purposes.
PotNetwork Holdings, Inc. (OTCPK:POTN)
announced this week its estimated total revenues for calendar 2019,
which were recorded as more than $15 Million. Since the
Company's revenue results essentially represent those of Diamond
CBD, its subsidiary, this means that since acquiring Diamond CBD in
2017, the Company has achieved aggregate gross revenues exceeding
an amazing $55 Million from Diamond CBD products (2017,
2018 and 2019).
Kevin Hagen, President and CEO, stated, "Surpassing a $50
Million revenue milestone in just 3 years represents a
significant achievement and attests to the strength of the
Company's brands and high levels of consumer preference for its
products."
Canopy Growth Corporation (NYSE: CGC)
(TSX: WEED) leases former Concession 5 Vineyard property to Niagara
College - Thanks to a new agreement, Niagara College's Teaching
Winery will take over operations at a Niagara-on-the-Lake vineyard
property owned by Canopy Growth, sowing the seeds for an
environmentally sustainable site and new learning opportunities for
the College's wine students.
Canopy Growth announced today that the Concession 5 Vineyard,
located next to its Tweed Farms greenhouses in Niagara-on-the-Lake
, will be leased to Niagara College, to be operated by the NC
Learning Enterprise Corporation (NCLEC). The College – which is
home to the first and only commercial Teaching Winery
in Canada , as well the first Commercial Cannabis
Production program in the country – is committed to maintaining the
vineyard according to environmentally and socially sustainable.
Kona Gold Solutions, Inc. (OTCPK:
KGKG), a hemp and CBD lifestyle brand focused on product
development in the functional beverage sector, announced last month
the Company has scheduled its second meeting with one of the
largest supermarket chains in the Southeast, consisting of 550
locations over its portfolio of supermarkets. The Company will also
be meeting with a Florida based, fourth generation run,
food distributor as well, who covers the Southeast United
States.
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