How #Retail and #Ecommerce #CBD Outlets are
Generating Revenue - (OTC: $HIPH) (OTC: $PURA) (OTC: $MCOA) (OTCQB: $RMHB)
(TSX: CRON.TO) (NASDAQ: $CRON)
Point Roberts WA,
Delta, BC –August 15, 2019 - 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.”
Read this news in full at: https://www.investorideas.com/news/2019/cannabis/08151CBD-Retail-Ecommerce.asp
Cronos Group ( TSX:
CRON) (NASDAQ:CRON) , 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
●
Vanexxe: the Company is in discussions with several big
box retailers for retail and e-commerce distribution.
●
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
Marijuana/Hemp Stocks
About Investorideas.com - News that Inspires
Big Investing Ideas
Investorideas.com is a recognized news
source publishing third party news and press releases plus we create original
financial content. Learn about investing in stocks and sector trends
from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto,
technology including AI and IoT ,
mining ,sports biotech, water, renewable energy and more . Investorideas.com
original branded content includes the daily Crypto Corner and Podcast, Play
by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News
and Stocks on the Move podcast and column,
Cleantech and Climate Change Podcast and
the AI
Eye Podcast and column covering developments in
AI.
Follow us on Cannabis Social Media
Disclaimer/Disclosure: Investorideas.com is a
digital publisher of third party sourced news, articles and equity research as
well as creates original content, including video, interviews and articles.
Original content created by investorideas is protected by copyright laws other
than syndication rights. Our site does not make recommendations for purchases
or sale of stocks, services or products. Nothing on our sites should be
construed as an offer or solicitation to buy or sell products or securities.
All investing involves risk and possible losses. This site is currently
compensated for news publication and distribution, social media and marketing,
content creation and more. Disclosure is posted for each compensated news
release, content published /created if required but otherwise the news was not
compensated for and was published for the sole interest of our readers and
followers. Contact management and IR of each company directly regarding
specific questions.
Disclosure: this
article featuring HIPH is a paid for service on Investorideas.com ( third party) (two
thousand) More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn
more about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to
regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Contact Investorideas.com
800-665-0411
Get more Marijuana,
hemp & cannabis stock investor ideas-
news, articles, podcasts and stock directories
