CBD Gets Better and Bolder: Hemp CBD Companies Find New Distribution and Innovations
03 May 2019 - 11:45PM
InvestorsHub NewsWire
CBD
Gets Better and Bolder: Hemp CBD Companies Find New Distribution
and Innovations
Point Roberts WA, Delta BC
-- May 3, 2019 -- InvestorsHub 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..
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.”
In mid- April American
Premium Water also announced that the Company
had received a two container order from a distributer in the UK.
The order is expected to ship out during the 2nd quarter and be
reflected in the subsequent Q2 financials. Based on the expectation
of residual orders from this distributor and other pending
distribution deals, the Company is announcing guidance for fiscal
year 2019 of at least $1 million in expected
revenue.
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.
For investors following
cannabis stocks, Investor Ideas has created a stock directory of publicly
traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp
Stocks
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