Point Roberts WA -- Delta,
BC –August 15, 2019 -- InvestorsHub NewsWire
-- Investorideas.com, a leading
investor news resource covering hemp and cannabis stocks releases a
snapshot focusing on the growth of retail and e-commerce CBD sales
in the US which are beginning to generate early revenues for
hemp/CBD companies.
A recent article in Forbes discussed
the uptake of retail sales in the CBD space. “The CBD market is
moving towards mainstream retailers and is projected to be over $20 billion in sales by
2024. Walgreens, Sprout, CVS, Ulta
Beauty, GNC Holdings, Urban Outfitters are just a handful of
retailers offering or looking to offer, CBD products to
consumers.”
Cronos
Group, a Toronto-based marijuana company,
predicts CBD customers in the United States will be the “largest
contributor” to its sales over the next couple of
years.
The comments came as Cronos
released its first earnings report since the
company announced plans to spend
$300 million in the U.S. hemp market
through the acquisition of four operating subsidiaries of Los
Angeles-based Redwood Holding Group.
“It’s fair to estimate that
the U.S. CBD market will likely be the largest contributor (to
sales) over the next year or two,” Cronos CEO, Michael Gorenstein
said.
American Premium
Water Corporation (OTC:
HIPH) announced that it is
reaffirming its $1 million revenue guidance for fiscal year 2019.
The projection is based on existing orders and future orders in the
Company’s pipeline from its LALPINA CBD water, partnerships and
co-branded product leveraging the Company’s proprietary Hydro-Nano
technology, expanded distribution of Vanexxe, and other initiatives
in the pipeline; a more comprehensive
breakdown:
- Two-Container Order: the
Company received a two-container order from a
distributor in the UK. The Company has begun delivery of
order
- US Distributors: the Company
is in discussions with distributors in New York, New Jersey,
Pennsylvania, Florida, California, Missouri, Nevada, Arizona and
Oklahoma.
- International Distribution:
The Company is engaged in discussion with distributors in Mexico,
Columbia, Australia and Thailand
- CBD Pet Water: The Company’s
joint venture with LinkRes Pets is slated to launch for sale this
August
- Hanlons Brewery: the Company
is finalizing testing with Hanlons Brewery and is looking to
roll-out the CBD infused beer
by the start of the 4th quarter
- THC Formulation: the Company
is looking to launch its THC version of its proprietary Hydro Nano
formulation by the end of this year in
California
- Partnerships and JVs: the
Company has been engaged in working with other partners on
marketing, branding, and distribution in the CBD and non-CBD
sectors.
American Premium Water
Corporation CEO, Ryan Fishoff, commented: “The Company is confident
that it will achieve its $1million revenue guidance for the year.
Our goal is to surpass this number and I believe we are on track to
accomplish this. Despite the volatility in the market, nothing has
changed; the Company remains committed to executing its business
plan and achieving short and long term benchmarks. We have begun
the two year audit with Weinberg & Co. and are working towards
becoming fully reporting by the end of the year. There is a lot in
the pipeline; management is working feverishly to get all these
initiatives off the ground as investments that the Company has made
in acquisitions, intellectual capital, and products are beginning
to pay off. Aside from everything that’s been discussed in the
public domain, there are other partnership and acquisition
discussions that are currently underway. It’s a very exciting time
for the Company; as progress is made, I look forward to updating
shareholders on developments as soon as I’m able
to.”
LALPINA CBD water can now be
purchased online by visiting https://www.singleseed.com/product/lalpina-cbd-water-6-pack/
Puration,
Inc. (OTC:
PURA) and
Kali-Extracts recently confirmed adding
CBD infused tea to its new line of CBD beverage
partnerships.
Last week, PURA and KALY
published a management presentation to provide shareholders with
more details on PURA’s recently implemented program to introduce
CBD infused versions of existing third-party beverages. PURA
has recently announced plans to introduce a CBD infused beer in
partnership with an existing beer producer. In similar
fashion, PURA is partnering with an existing coffee producer to
introduce a CBD infused coffee. In conjunction with the
presentation published last week, PURA announced a third
partnership to develop CBD infused tea. Additional partnerships are
in the works.
PURA is a leading CBD
infused beverage company having produced over $1 million in CBD
beverages in the United States last year. PURA has targeted
$4 million in sales for 2019. The presentation is included in
its entirety on the company’s
website.
PURA works closely with its
partner KALY, the owner of a US-Patented cannabis extraction
process in the implementation of the plan to introduce infused
versions of existing beverages.
MARIJUANA COMPANY OF
AMERICA INC. (OTC:
MCOA), an innovative hemp and cannabis
corporation, and joint venture partner Global Hemp Group
Inc. announced that their joint
venture subsidiary, Covered Bridge Acres Ltd. has started
generating revenue through operations at its hemp farm in Scio,
Oregon.
Through a combination of the
sales of raw biomass, plantlets, CBD crude oil and CBD distillate
produced from various processing test runs, along with other farm
operations, CBA generated $525,500 in its first year of
operation.
In its most recent
transaction, CBA sold 10,000 lbs of shucked biomass to an Oregon
extraction facility for $400,000. The CBA team is currently working
with this party and a number of others, to complete the purchase of
the remaining inventory.
Initially, CBA was expecting
to monetize the 2018 hemp biomass after entering into a processing
agreement with Richardson Gap Farm LLC (RGF), as disclosed on May
18, 2019. However, RGF was unable to process CBA’s biomass due to
unforeseen issues with its processing equipment. Although RGF
produces high quality distillate, CBA was no longer willing to
delay the monetization of its biomass any further and decided to
sell the biomass to another extractor. With multiple offers on the
table to purchase the biomass, CBA shucked the biomass (removed
stalks and stems) and completed the sale.
CBA still has approximately
4,000 lbs of un-shucked biomass out for processing into distillate
by additional extractors, and will split the final product on a
50/50 basis with its joint venture partner, Marijuana Company of
America, Inc. (OTC: MCOA). Once processed, it will be sold along
with inventory on hand (8 kg of 92% distillate that was processed
by RGF from crude oil CBA received from other processors test
runs). Recent sales of this type of distillate have been in the
$4,000 per kg range.
Innovation and mechanization
are key components to reducing labor costs on the farm. In
preparation for the handling of this year’s harvest, the CBA team
specifically designed a shucking machine to remove the flowers and
leaves from the stalk and stems and is in the process of
fabricating a prototype, having reserved a small amount of biomass
to test the equipment. Once shucked, the biomass will be processed
into distillate for sale on the open market later this
summer.
Rocky Mountain High
Brands, Inc. (OTCQB:
RMHB), a fully reporting lifestyle brand
management Company specializing in high-quality health and wellness
products, announced that it has
entered into an agreement with Water Event Pure Water
Solutions of Carrollton, Texas to distribute hemp-derived
CBD products to its expanding 15,000 home, office and retail
customer base.
Established in 1971, Water
Event is independently owned and operated by Brian Rose, who has
been in the home and office water delivery business for over 34
years. The corporate office, manufacturing facility and retail
store are in Carrollton, Texas. The company also operates warehouse
distribution facilities in Houston, Austin, and Sherman/Denison.
Water Event is also in the water filtration and water bottling
business.
Michael Welch, President and
Chief Executive Officer of Rocky Mountain High Brands said, “Water
Event’s fleet of delivery trucks service 15,000 customers in the
highest population growth areas in Texas, including Dallas/Ft.
Worth, Houston, Austin/San Marcos, San Antonio, and
Sherman/Dennison. Their customers include office buildings,
residential homes and select retail establishments. The Company’s
agreement with Water Event includes our HEMPd Wellness for Life
Products:
- Tinctures
- Water Soluble
Solution
- Capsules
- Gummies
- Salve
- Lotion
as well as our HEMPd
CBD-Infused Flavored Waters, our Rocky Mountain Hemp Seed
Extract-Infused beverages, and our Rocky Mountain High Hemp-Infused
Energy drinks.”
Mr. Welch continued, “Water
Event has solidified its place as the premier home and office
delivery service in Texas because of their quality of products and
extraordinary customer service. For us to be able to sell our
hemp-derived CBD products alongside someone with Mr. Rose’s
credentials and customer base puts us on the forefront of a rapidly
growing Texas market.”
Mr. Welch concluded, “We are
pleased to have the opportunity to expand our relationship with
Water Event and Mr. Rose. In fact, we have our next bottling run of
Eagle Spirit Spring Water scheduled for the week of August
5, 2019 at Water Event.”
Brian Rose, owner of Water
Event, stated, “Now that Texas has passed a law allowing the sale
of CBD oil, there is a tremendous opportunity in this exciting
product category. It is important to have the right CBD products on
my trucks. I chose Rocky Mountain High Brands due to their high
standards and involvement with the U.S. Hemp Roundtable and that
gives me confidence that their products are safe, legal, and are
some of the best in the industry. By partnering with Rocky Mountain
High Brands, Water Event is harnessing the expertise and
capabilities of a dynamic young hemp company to accelerate my
company’s growth.”
As more retailers look to
expand their CBD offerings and as brand awareness builds for online
sales we should start to see if market projections meet reality
over the next 4 quarters and if the revenue predictions based off
of early demand will hold and rise as is
expected.
For investors following
cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX
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