#Cannabis Infused #Beverage
Market Ready to Pop: Companies Prepare For Upcoming Canadian and US Infused
Beverage Market; (TSX: $WEED.TO) (CSE: $SPR.C) (NASDAQ: $NBEV) (NYSE: $HEXO)
Point Roberts WA,
Delta BC – March 26, 2019 - Investorideas.com, a leading investor news resource covering
hemp and cannabis stocks releases a snapshot looking at the CBD and cannabis
infused beverage sector and how companies are preparing to enter this new
market segment.
In recent news, Food and Drug Administration Commissioner
Scott Gottlieb said his agency has plans to regulate CBD edibles and will start
holding public hearings on the matter as early as April.
Since
the legalization of hemp and
hemp-derived CBD in the Farm Bill, the
CBD industry has eyed the FDA's position toward the substance, as it represents an obstacle to
mass-market CBD edibles from a federal standpoint.
Having a
clear set of rules could make it easier for cannabis and CBD companies to
distribute their products on a larger scale and would eliminate the
uncertainties that might prevent large retailers such as Walmart, Inc., from
offering CBD products.
Read
this in full at https://www.investorideas.com/news/2019/cannabis/03261Stocks-BeverageMarket.asp
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) has been preparing for the
Canadian infused beverage market since receiving its investment from
Constellation brands and is now preparing for the US, having acquired AgriNextUSA, a hemp enterprise led
by CEO, Geoff Whaling which has been at the forefront of hemp advocacy and
building a vibrant hemp sector in the US. The acquisition will accelerate
Canopy Growth's entry into key American jurisdictions as regulations
surrounding the full use of hemp as a crop begin to be implemented.
Sproutly Canada Inc. (CSE: SPR) (OTC: SRUTF), a company whose core mission is
to become the leading supplier to the cannabis beverage and consumables market,
discussed their beverage plans in their recent strategic update.
“Sproutly
has made significant progress towards building a world-class cannabis beverage
and infused product company since going public in July of last year,” said
Keith Dolo, CEO and Director. “We have been successful in acquiring the
exclusive rights to Infusion Biosciences’ APP technology in certain
jurisdictions, which is able to produce naturally water-soluble cannabinoids
that deliver the full experience of cannabis paralleling the onset and offset
profiles of smoking. From there, we have
made steps to bring in the people and the resources to build a global cannabis-branded
company focused on beverage and infused products” he added.
Following
the legalization of adult use recreational cannabis in Canada in 2018, cannabis
edibles are expected to be legalized later in 2019. As the Company approaches the legalization of
edibles and beverages, Sproutly is developing its brand and partnership
strategy with respect to APP technology.
Sproutly will look to maximize the use of the exclusive Canadian license
for APP Technology that it obtained through the acquisition of Infusion
Biosciences Canada Inc. APP Technology is a patent-pending process that gently
recovers naturally water-soluble cannabinoids as well as natural oils;
recovering between 85% - 90% of the total bioactive cannabinoids in the plant.
New Age Beverages Corporation (NASDAQ: NBEV), a Colorado and Utah-based
organic and natural beverage company intending to become the world's leading
healthy beverages and lifestyle company, recently announced that it will
hold an investor conference call on Friday, March 29, at 8:30 AM EST to discuss
the Company's full year financial results for the period ending December 31,
2018.
In the
conference call, NBEV will host a Q & A session for investors, where they
will have the chance to inquire about NBEV’s beverage plans for the coming
months and how the FDA decisions in April may affect their beverage strategy
moving forward.
HEXO
Corp. (NYSE: HEXO)
(TSX: HEXO),
similar to Canopy, has put focus into product supply having announced
that it has entered a definitive agreement with Newstrike Brands Limited, in
which HEXO will acquire all the outstanding and issued common stock of
Newstrike as per the Business Corporations Act of Ontario.
The licensed indoor
facility of Newstrike will offer HEXO access to the different growing
techniques which will help position the company for global exports as the
cannabis market continues to grow.
As we prepare for the
Canadian consumables market and Federal regulations surrounding the CBD infused
market in the US, ensuring a proper supply chain, distribution network and
having top quality product are essential to any company aiming to capitalize on
this opportunity. The beverage market is set to explode, but prospective
companies still have a few more months to prepare for what could be the future
of the beverage industry as a whole.
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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