HOUSTON, TX / ACCESSWIRE / April 30, 2019 / CBD has been created one of the biggest growth stories of 2019.
Not only has it transformed multi-billion-dollar industries including alcohol, health and wellness, cigarettes, and the retail industry, it’s impacting food, too. In fact, everything from gummy bears and cookies to candy and brownies are being infused with CBD.
Better, the U.S. FDA could provide a substantial boost to cannabis stocks in weeks.
On May 31, 2019, the government agency will hold its first public hearing on legalizing CBD in food and drinks, to figure out how to regulate such products.
As the story unfolds we could be witness to a sizable cannabis boom. Some of the top
Lifestyle Delivery Systems Inc. (LDS)(LDSYF) just announced that its flagship product, Cannastrips will be presented at the Hall of Flowers (HoF) event. This event is known for having some big-name speakers such as Gary Vaynerchuck and Chelsea Handler. HoF is one of the few if not only business to business trade shows. Instead of consumers coming to the booth to purchase product it will be an estimated 300 to 400 buyers and procurement managers from retail and distribution companies coming to talk with brands about placement into stores. .
”The Hall of Flowers event is one of the best ways to expose multiple dispensaries and distributors to our product line at one location. Casey Fenwick our President will be at the event representing both CannaStrips, Reveur and white label products,” notes CEO Brad Eckenweiler.
For More Information on Lifestyle Delivery Systems Inc., Click Here.
CV Sciences Inc. (CVSI) retails CBD products in retail stores. One of its products, Plus CBD Oil is now available in 3,308 stores, up 48% from 2,338 stores at the end of December 2018.
According to the company, the product is expanding into the food, drug and mass channels. ” 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.”
For More Information on CV Sciences Inc., Click Here.
iAnthus Capital Holdings Inc. (IAN)(ITHUF), which owns, operates, and partners with cannabis companies in the U.S. just entered into an agreement with Urban Outfitters to place CBD for Life products on its e-commerce platform and top six retail locations in the country.
“Our partnership with Urban Outfitters represents a major step forward for CBD For Life, placing us in one of the United States’ most successful retail chains that also serves as a tastemaker for the rest of the retail market,” said Julie Winter, COO of CBD For Life. “With the backing of iAnthus, we look forward to further growing our footprint and making our products top of mind for consumers around the world.”
It also recently announced it completed a private placement offering of $35 million of unsecured convertible notes and corresponding warrants to three investors. The proceeds from the offering will be applied to continue the build-out of facilities across the company’s exposure in 11 states.
For More Information on iAnthus Capital Holdings Inc., Click Here.
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