Point Roberts WA, Delta, BC
-- May 8, 2018 -- InvestorsHub NewsWire -- Investorideas.com, a leading
investor news resource covering hemp and cannabis stocks releases a
snapshot looking at how companies in the sector are continuing to
increase their distribution footprint in preparation for their CBD
product releases.
There continues to be an
aggressive push for distribution agreements among key CBD product
players. Strong global distribution channels will be essential in
creating early consumer brand awareness and developing revenue
streams for the time when CBD products will hit the market,
especially with larger mainstream
retailers.
American Premium
Water Corporation (OTC:
HIPH) recently announced that its
varicose vein cosmetic, Vanexxe is now available for sale on
Amazon. An agreement was also reached
with Incentibuys, one of Asia’s fastest growing multi-level
marketers to distribute the product through their network of
distributors across China, Korea, Malaysia, Vietnam and
Indonesia.
American Premium CEO, Ryan
Fishoff commented, “I am excited to announce that Vanexxe is
available for sale on Amazon. This is a great accomplishment for
the Company, as this first of its kind product is now available for
sale on the world’s largest cosmetics and consumer goods platform.
Amazon is a great channel to get brand exposure and connect with
customers, domestic and internationally. The agreement with
Incentibuys will expand our international distribution footprint to
Asia, especially China and Korea, where there is large demand for
this product. This is a fast growing network of independent
distributors who will be actively selling Vanexxe, a rarity in the
MLM space where there is no exclusivity to the network. The Company
will have the opportunity to sell other products into this channel,
including its LALPINA CBD water brand, gaining entry into one of
the world’s largest markets.”
Incentibuys (www.incentibuys.com)
is one of Asia’s fastest growing multi-level marketing (MLM)
platforms, with over 12,000 independent distributors across China,
Korea, Malaysia, Vietnam and Indonesia in addition to distributors
in the UK and South Africa. The Company projects that this
agreement could generate sales of up to 10,000 units a month sold
across the distribution network.
“The agreement with
Incentibuys opens up strategic markets in Asia for the Company.
Leveraging the network of over 12,000 independent distributors is
an innovative medium for the Company to introduce its products into
some of the world’s largest markets. Vanexxe could generate
seven-figure revenue from this channel alone. There is a lot of
potential in this marketplace for CBD and non-CBD products. This is
just the beginning of the Company’s efforts to solidify a global
distribution footprint, adding to existing channels in the UK
(United Kingdom) and Europe. The Company is taking the proper steps
building these channels strategically to create a worldwide
distribution network that will increase revenue, enhance
shareholder value, and distinguish ourselves from competitors who
are only focused on the domestic markets. The Company is engaged in
discussions with many national retailers and I look forward to
providing an update to shareholders,” concluded Mr.
Fishoff.
This distribution deal
follows hot on the heels of the company’s recent news of an
agreement with LinkResPet, a subsidiary of Link
Reservations Inc. (OTC:
LRSV), a company providing
cannabidiol-based (CBD) products specifically for pets, who
announced the signing of a
letter of intent with American Premium Water to create a new CBD
beverage aimed for pets. The Joint Venture (JV) will plan to launch
a new LinkResPet product beverage “powered by” LALPINA CBD by the
end of the year.
“We are always on the
lookout for the best way to treat animals, and by combining our
LinkResPet CBD formula with American Premium’s hydro
nanotechnology, we are creating a new and innovative way to deliver
powerful CBD properties to pets,” explains Rene Lauritsen, CEO at
Link Reservations Inc. “By partnering with American Premium Water
Corp and co-branding our new product with LALPINA CBD, we are
raising the profile and recognition of both our CBD pet products
and our brand, reassuring our customers of our quality and
trustworthiness when treating their pets. We are really excited for
this JV and look forward to working together in breaking barriers
and developing innovative products for
animals.”
Following the rise in demand
for CBD products in the pet care sector, LinkResPet is looking for
new ways to administer CBD solutions to companion animals.
Currently, CBD is being used to treat anxiety and pain
among dogs and cats without the harmful side effects of some
mainstream therapies.
American Premium Water
Corporation CEO, Ryan Fishoff added, “Entering a JV with LinkResPet
brings a huge opportunity for us by working with an innovator in
the pet care sector. We are excited to introduce CBD infused water
to the sector as this is an area we have been looking to enter. In
LinkResPet we have found the perfect partnership, with natural
synergies and values as well as a strong belief in the properties
in CBD. We look forward to working with Rene and his team to
develop this innovative product for pets.”
Kona Gold Solutions,
Inc. (OTC: KGKG), a hemp and CBD
lifestyle brand focused on product development in the functional
beverage sector, is also looking to expand its distribution
having announced that it has
partnered with sixteen new distributors within the last thirty
days. These new distribution partners are located in
California, Idaho, Indiana, Kentucky, Louisiana, Minnesota, Nevada,
New Mexico, New York, Oklahoma, Texas, Virginia, Washington and
Wisconsin. With its Kona Gold Hemp Energy Drinks and
HighDrate CBD Energy Waters, the Company continues to grow its
market share in the hemp and CBD infused beverage sector by adding
new distribution partners, further solidifying itself as a leader
in its market. Kona Gold currently has distribution partners
in 24 states.
Kona Gold announced earlier
this month it has begun production of its new exciting flavors for
both its Hemp Energy Drink and CBD Energy Water product
lines. These new Kona Gold Hemp Energy Drink flavors include
Bubble Gum and Candy Apple, while the new HighDrate CBD Energy
Waters include Sour Apple and Blue Island Punch. All new
flavors are expected to hit the market by mid-to-late
May.
“The Company is growing its
market presence at its fastest pace to date and our revenue is a
reflection of that growth,” stated Robert Clark, CEO of Kona Gold
Solutions, Inc. “This month, Kona Gold has moved the largest amount
of product it has ever moved in a one month timeframe, over 10,000
cases, and with our new flavors launching next month, we do not
anticipate that to slow down.”
Kona Gold’s highly
anticipated Storm CBD High Alkaline Water is also expected to hit
the market at the end of May. The Company’s Storm CBD High
Alkaline Water will be available in popular 1.0 Liter bullet
bottles and contain 20mg of CBD.
CV Sciences,
Inc. (OTCQB:CVSI), a preeminent
supplier and manufacturer of hemp CBD products, has also
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.”
These are far from the only
distribution agreements announced in the last few months, as more
and more CBD companies emerge each day and large scale retailers
and distributors such as Walmart and CVS join the marketplace
with its increased momentum. As we continue to anticipate the CBD
explosion expected to occur later this year, for now proper
distribution channels remain an essential strategy for any company
looking to compete on a global scale.
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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