CBD Gets Better and Bolder: Hemp CBD Companies Find New Distribution and Innovations
Point Roberts, WA and Delta, BC - May 2, 2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the hemp and CBD oil sector and how as the market gets crowded with CBD products, companies are betting on innovation and new distribution to help them stand out in the crowd.
We've been hearing constantly about CBD, ever since the passing of the 2018 Farm Bill, but how can any one company hope to stand out in such an ever-growing crowd? The answer that seems to be appearing more often is unique and innovative product offerings along with unique distribution arrangements.
American Premium Water Corporation (OTC: HIPH) announced that it has entered into a letter of intent with Link Reservation, Inc. (OTC: LRSV) to form a joint-venture to produce a CBD-infused water specifically designed for consumption by household pets. This product will be the first pet CBD beverage on the market which allows both companies to be in a unique position moving forward. It will be sold under the LinkRes Pet brand "powered by" LALPINA CBD. The product is expected to be released in 2019.
CEO of American Premium Water Corporation, Ryan Fishoff commented, "I am excited to announce this joint venture with LinkRes Pets to produce the first CBD-beverage for pets! The consumer market is huge, and there are many studies that have shown how pet health can benefit from consumption of CBD. This is a great partnership for the Company. We will be providing our proprietary Hydro-Nano formulation to be used in the manufacture of the product by LinkRes. They will handle logistics and distribution; while the Company will assist with marketing. This partnership will provide great exposure for the LALPINA CBD brand. Every pet owner is also a potential customer for our LALPINA CBD water. Pet owners statistically are more affluent than non-pet owners; co-branding with LinkRes will bring additional exposure to our Company to a very captive consumer base."
Rene Lauritsen, President and CEO of LinkRes Pets commented, "It is great to partner with a company like American Premium Water Corp. Their Hydro Nano technology is very advanced in the marketplace that is backed with scientific data, which aligns with the LinkRes brand. Co-branding with the LALPINA CBD is the key element that will be essential for a successful launch creating this brand new product category (Pet CBD Beverages). This partnership will be very impactful for LinkRes Pets, and I look forward to working with Ryan and his team in the coming months developing this product."
LinkRes Pets (www.linkrespet.com) produces CBD products specifically tailored for cats, dogs and horses. LinkRes current product offering is exclusively CBD oil. The partnership with American Premium Water would be their first product outside of CBD oil. The American Pet Products Association estimates that the US pet product industry will be worth over $75 billion in 2019. New Frontier Data projects that the CBD Pet Product Market will reach $125 million in sales by 2022. And according to a report by Research and Marketing, over 55% of US households own a pet, and are more likely to be in a higher income household than non-pet owners.
"There is a huge opportunity with this partnership. Currently there are no pet CBD beverages on the market, and the pet beverage market itself is very limited and underdeveloped. We are going to be starting out with a huge head start. This product has the potential to add $1-3 million dollars of incremental revenue to the P&L once full distribution is reached. This partnership is an example of how the Company's IP and technology acquisition strategy is paying dividends. The Company is leveraging its proprietary Hydro-Nano formulation to generate incremental revenue. The Company will continue to seek partnership opportunities in new categories, similar to our partnership with Hanlon's Brewery in the UK. We are currently engaged in discussions with other potential partners about leveraging the Company's technology into new product categories and applications. I look forward to providing shareholders with updates on these conversations when developments are ready to share." concluded Mr. Fishoff.
CV Sciences, Inc. (OTC: CVSI), a preeminent supplier and manufacturer of hemp CBD products, recently announced further expansion of its industry-dominating brand, PlusCBD Oil™. As of March 31, 2019, PlusCBD Oil™ branded products are available in 3,308 retail stores, up 48% from 2,238 retail stores as of December 31, 2018.
The expansion includes broadening distribution of its best-selling topical, PlusCBD Oil™ Extra Strength Balm, into the Food, Drug and Mass (FDM) channel, including programs with leading national retailers.
"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."
The company also announced that it will release financial results for its first quarter 2019 ended March 31, 2019, after the stock market closes on Wednesday, May 8, 2019. The Company will hold a conference call with the investment community at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) that same day.
The webcast of the conference call will be available on the Investor Relations section of the Company's website at https://ir.cvsciences.com/news-events and at http://public.viavid.com/index.php?id=134448. The webcast will be archived for approximately 30 days.
GD Entertainment And Technology (OTC: GDET) has also garnered new distribution for their unique products having recently announced that the company's Hemp Derived CBD wellness and cosmetic products will now be available on EBAY (www.EBAY.com/thegreeneryshop). The Company launched its brand-new Hemp Derived CBD product line last weekend in conjunction with the annual 420 celebration. Sales have been even better than expected. In addition to now being available online at EBAY, GDET's The Greenery hemp derived CBD wellness and cosmetic products are also available at www.thegreeneryco.com.
The company also announced that Goldman Small Cap Research issued a research report on the Company. The report includes a target price-per-share of $0.06. The report reviews recent events and provides an analysis of GDET's new initiatives. To view the research report, along with disclosures and disclaimers, visit http://www.GoldmanResearch.com.
As mentioned above, CBD news is and will most likely continue to be non-stop for 2019 which means each company in the space will have to work harder to stand out and secure early distribution. While this may be stressful for companies currently in this space, or thinking of entering, this is a massive boon for US customers who will soon have easy access to a vast array of impressive hemp derived/CBD products.
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