Financialnewsmedia.com News Commentary
PALM BEACH, FL -- February 27, 2019 -- InvestorsHub NewsWire
-- FinancialNewsMedia.com -- The amazing consumer
acceptance of CBD infused products is fueling a rush among every
possible outlet from mom-and-pop corner stores to multi-national
retail distributors. The Business Insider said:
"The roughly $1 billion CBD industry is already
shifting into high gear, with retailers selling everything from CBD
teas and beer
alternatives to CBD dog
treats, coffee, and supplements… Here's a look at a
handful of the CBD-based products that have recently become
available. Lotions, balms, and creams infused with CBD are sold in
dispensaries and corner shops. Heineken and other beer labels
are betting on brews made with CBD instead of alcohol. CBD
vape pens and gummies are becoming increasingly popular… A handful
of pet stores sell CBD treats for your pooch. Boutique grocery
chains and dispensaries sell CBD water, juice, and tea. CBD coffee
is a thing too… and Supplement-makers are adding CBD to their
formulas and making new pills crafted with the ingredient… it's
clearly a lucrative — and blossoming — industry."
Active Companies from around the market with current
developments this week include: Puration
Inc. (OTC: PURA), Marijuana
Company of America, Inc. (OTC: MCOA), Liberty
Health Sciences Inc. (CSE: LHS) (OTC: LHSIF), PotNetwork
Holdings, Inc (OTC: POTN), Hemp
Inc. (OTC: HEMP).
An industry research group's headline of a market study said:
"Hemp-Derived CBD Will Outpace All Other Cannabis Markets,
Projected to Hit $22 Billion by 2022 - As the
CBD market consolidates, wholesale retailers are expected to
provide exponential growth." The article went on to say:
"Right now, online orders of hemp-derived CBD products are the
primary sales driver. Companies… can ship CBD products anywhere in
the U.S., as long as the plant source meets that legal definition
of industrial hemp and includes less than 0.3-percent THC. The
trend that (the report) points to, however, is a flip from mostly
retail to mostly wholesale. As these products become normalized in
U.S. wellness markets, the online ordering process—direct to
consumer—will quickly be replaced by a more traditional market that
involves wholesale opportunities."
Puration, Inc. (OTCPK:PURA)
BREAKING NEWS: Puration today
announced its EVERx CBD Sports Water is returning to
the Arnold Sports Festival for a
third consecutive year. EVERx was officially launched for the
first time ever at the Arnold in 2017, and this year EVERx returns
to the Arnold with its all new EVERx formula and packaging right in
the center of the Expo as a major event sponsor. The EVERx
booth can be found near Jan Tana's Body Painting
Revolution stage. EVERx is a sponsor of Jan Tana's Body
Painting Revolution.
Jan Tana's Bodypainting
Revolution, A colorful and artistic event, returns
to The Arnold Classic Sports Festival for the second straight year
in 2019. This unique art exhibition and competition will take
place in public view in the Expo Hall Booth
#1307. Artists will paint models, taking more than six hours
to complete in hopes to impress the judges,
captivate photographers and delight audiences with
breathtaking stage performances. Bodypainting artists will take you
back to your favorite Arnold Movie with this year's inspiring theme
"Classic Arnold Cinema."
The 2019 Arnold Sports Festival and
the world-renowned Arnold Classic bodybuilding championships,
already the world's largest multi-sport festival, will grow even
larger in 2019 when the four-day health and fitness celebration
presents a record 80 sports and events February 28-March 3,
2019 in Columbus, Ohio. The Arnold Sports Festival
will attract an estimated 200,000 sports and fitness fans to watch
more than 22,000 athletes compete in 80 sports and events,
including 16 Olympic events, at the Greater
Columbus Convention Center in downtown Columbus, the Ohio
Expo Center and various other Central Ohio venues.
The Arnold Classic and related IFBB Pro League events and the
Arnold Amateur NPC Bodybuilding, Fitness, Figure, Bikini &
Physique Championships will be held in Battelle Grand and on the
Arnold Fitness EXPO Stage at the Greater Columbus Convention
Center. Read this and more news for PURA
at: https://www.financialnewsmedia.com/news-pura/
In the industry developments and happenings in the market
this week include:
Marijuana Company of America,
Inc. (OTCQB:
MCOA), an innovative hemp and cannabis corporation, this week
announced that the United States Patent and Trademark Office issued
the Company a patent for the formulation of its flagship CBD
product, hempSMART™ Brain. hempSMART Brain is a wellness
product formulated with a proprietary composition of natural
ingredients and cannabidiol (CBD) for the enhancement of brain
function. The U.S. Patent Office issued patent number
10,201,553.
Dianna Steinberg, Head of Product Development commented, "This
patent represents the hard work of the whole team involved in this
formulation. Their invaluable insight into the goal of using
CBD with additional supplements in a synergistic fashion to produce
a fabulous product is a tribute to their dedication."
Liberty Health Sciences Inc. (CSE: LHS.CN)
(OTCQX:
LHSIF) recently announced that, as mentioned in the
Company's Feb 12, 2019 press release, it continues to
work towards enhancing its directors and senior executives based
in the United States, to more closely align with the US
geographical focus of the business.
In accordance with this strategy, George Scorsis, the
Company's Chief Executive Officer, has resigned and will also be
stepping down from his Board position. In the interim, Mr. Scorsis
will be replaced by Victor E. Mancebo, the Company's current
President who is a resident in the State of Florida and
has in-depth knowledge of the Company's day to day operations.
Victor's appointment ensures that there will be no need for a
ramping up period to become familiar with the Company's
operations. Victor will serve as the Company's interim Chief
Executive Officer and will be appointed to fill the vacancy on the
Board until a replacement is sourced for the role.
PotNetwork Holdings, Inc (OTCPK:
POTN) recently announced that it is expanding its in-depth
coverage of the cannabis begins arriving this month in offices,
newsstands and magazine shelves around the world.
With over 300,000 page views and over 150,000 unique visitors
per month, PotNetwork News is the cannabis sector's leading news
and information website, outpacing similarly focused online
platforms. (Digital magazine available
here) Born from the same grit and hard-hitting unbiased daily
news delivered every day on PotNetwork News, the new magazine,
PotNetwork, is a natural offline extension that promises to delve
deeper into the untold stories of an industry that is expected
to generate $136
billion in retail sales over the next six years in
the U.S. alone.
Hemp Inc. (OTCPK: HEMP) recently announced
that the Company has agreed upon a stock share with Gunpowder
Capital Corporation, a Canadian merchant bank and advisory services
firm. The stock share will be Gunpowder Capital Group's first
foray into the hemp industry. Seeing the high demand for hemp
throughout the United States, both companies agree that with
the opening of enormous opportunities in the hemp industry through
the 2018 U.S. Farm Bill, the market is going to experience great
growth through the coming months and years.
"With the increased focus on the hemp industry
throughout the United States, and even the world, Hemp, Inc.
is happy to be the first to welcome Gunpowder Capital Corporation
into this evolving industry," said Hemp, Inc. CEO Bruce
Perlowin.
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