Sector Snapshot - The Lucrative #CBD #Pet Products Market (OTC: $HIPH) (OTC: $LRSV) (OTC: $MJNA) (OTC: $EDXC)

Sector Snapshot - The Lucrative #CBD #Pet Products Market (OTC: $HIPH) (OTC: $LRSV) (OTC: $MJNA) (OTC: $EDXC)

Point Roberts WA, Delta BC – August 28, 2019 - Investorideas.com, a leading investor news resource covering cannabis and pet stocks releases a snapshot reporting on the continued growth in both product development and availability in the CBD pet product market as more companies enter the space and consumer awareness and demand increase.

In a recent news article, “In the U.S., sales of CBD products for all species are approaching US$500 million, reported David Lummis, lead pet market analyst for Packaged Facts, in a column in Pet Product News. Citing data reported by the Washington Post, he said those sales are projected to soar to as much as US$22 billion by 2024.”

The article continued, “Packaged Facts’ own data shows that sales of CBD products for pets specifically are only a fraction of the total, about U.S.$25 million, but growing quickly. Among U.S. pet owners surveyed by Packaged Facts, 39% of dog owners and 34% of cat owners agree they like the idea of CBD supplements for their pets. Additionally, 29% of dog and cat owners agree they would be interested in purchasing CBD supplements for their pets if they were legal.”

“Through the years, the pet supplements market has benefited from the popularization and cross-over of various ingredients from the human side, such as glucosamine and omega fatty acids,” says David Sprinkle, research director for Packaged Facts. “Looking back, however, it’s hard to recall anything making more of a splash in both human and pet supplements than CBD.”

American Premium Water Corporation (OTC: HIPH) recently announced that its Lynks CBD Pet Water, a joint venture with Link Reservations Inc. (OTC: LRSV) is now available for sale on SingleSeed.com.  The Company is launching Lynks CBD a day earlier than the previously announced date of August 29^th. The CBD used in this product is hemp-derived.

Read this in full at https://www.investorideas.com/news/2019/cannabis/08281OTCHIPH-CBD-PetProduct.asp

American Premium Water Corporation CEO, Ryan Fishoff stated “I’m happy to announce that Lynks CBD Pet Water is now available for sale on SingleSeed.com! This product was fast tracked for development in the spring, and we were able to deliver it early! Beverages designed for pets has been an overlooked category in the pet space. There are very few pre-packaged waters designed for pets available in the marketplace, and certainly none that are infused with our proprietary Hydro Nano CBD technology. I am confident that Lynks CBD will quickly establish itself as the market leader in the pet sector. We’re really excited that the Company now has a product to enter the pet market, one of the largest consumer markets in the world.”

Rene Lauritsen, CEO of LinkRes Pets commented, “Today is a great day for our Company. We are excited to expand our offerings for pets and enter the pet beverage market. This product is quite revolutionary; there aren’t many pet beverages on the market, and we are quite confident we will be able to grab significant market share with this product. We have received a number of inquiries from retailers looking to carry this product; I look forward to working with Ryan and his team on fully developing the distribution strategy for Lynks CBD Pet Water.”    

The American Pet Products Association estimates that the US pet product industry will be worth over $75 billion in 2019. The Brightfield Group projects that the CBD Pet Product Market will represent over $1.5 billion in sales, of an estimated $23 billion CBD market by 2023. Pet owners are typically more affluent, as a research report by Research and Marketing estimates that over 55% of US households own a pet, and of that group, they are more likely to be in a higher income household than non-pet owners.

CBD Unlimited, Inc., formerly known as Endexx Corporation (OTC: EDXC), a provider of innovative phytonutrient-based food and nutritional products, recently exhibited at SuperZoo.

At SuperZoo, the Company exhibited its veterinarian-approved Phyto-Bites and Soft Chew CBD pet products which are THC-free, neither heated nor baked, and involve a dual-delivery method to provide effective and safe absorption. CBD Unlimited looks forward to continuing to promote this unique product line and highlighting the benefits that cats and dogs can receive from CBD.

CBD Unlimited's Chief Medical Officer, Dr. Daniel Kiddy, has assisted the Company with its analysis of cannabinoids and its effects on each delivery system. From years of continuous research, CBD Unlimited prides itself on formulating properly dosed products ranging across several pet sizes including cats, dogs and horses. The Company’s one-of-a-kind technology delivers CBD to both CB1 and CB2 receptors in the Endocannabinoid System. 

“CBD Unlimited is passionate about formulating the best products for our four-legged friends that provide optimal results,” CEO & Chairman Todd Davis stated. “Our CBD-infused Soft Chews are proven to have one of the most expeditious and effective delivery systems. We are excited about this opportunity to demonstrate the positive effects of CBD for families’ loved ones.”

Medical Marijuana, Inc. (OTC: MJNA), recently announced that its subsidiary HempMeds® has released its Hemp for Pets pet cannabidiol (CBD) product line in celebration of National Dog Day.

Hemp for Pets by HempMeds® was created to help improve the lives of all pets, from nose to tail. The Company, a proud member of the National Pet Supplement Council (NPSC), aims to improve the lives of pets and people naturally with a commitment to ethically-sourced hemp CBD extract and natural ingredients, dedicated scientific expertise and innovation backed by the strictest efficacy testing.

"We don't just want to create great products, we want to do great work. National Dog Day isn't just a great opportunity to celebrate the dogs who have become a part of our family, but also recognize the many dogs who are currently in need of homes or care. There are so many pet parents, rescues and shelters that HempMeds® can now aid by providing them with the CBD products they need to help improve the wellness of their pets," said HempMeds® President, Todd Morrow. "This is very near to my heart and I am looking forward to spearheading this initiative through our Animals in Need Program."

According to Nielsen analysts, the US pet food and treats market in 2018 reached nearly $33 billion across various retail channels, including local pet stores, vet clinics, e-commerce sites and more. Compared to 2017 sales, this represents a five percent, or $1.5 billion, increase. The Brightfield Group recently reported that the US CBD pet product market was worth $32 million in 2018 and is estimated to grow to at least $1.16 billion by 2022.

"There are many studies providing evidence that CBD has a variety of wellness benefits for pets including improved cardiovascular function, neurological health and behavior, healthy joints and hips, and healthy skin and coats," said Medical Marijuana, Inc. CEO, Dr. Stuart Titus. "Our pet-focused products are made with the Company's Triple Lab Tested™ full-spectrum hemp oil and THC-free isolate to offer pets the same high quality that we've been providing to humans for many years."

The company also recently attended SuperZoo, the most-attended pet industry show in North America, in Las Vegas, August 20-22.

This rise in demand is bringing everyone to the market including GCH, Inc., the development company co-founded by Willie Nelson and his wife, Annie Nelson, which is adding another brand to its portfolio of popular cannabis and hemp product lines, Willie’s Rescue, an array of hemp products for internal and external use in dogs, cats and horses.

“Our mission is to utilize the benefits of the hemp plant to positively impact the lives of companion animals,” said Elizabeth Hogan, Vice President of Brands for GCH, Inc.

This brand also debuted at SuperZoo at the Mandalay Bay Resort in Las Vegas.

“As longtime animal advocates and pet owners, our family believes that the hemp plant has benefited our own animals,” the Nelsons said in a statement. “We want you and your best friends to experience the potential benefits of hemp. That’s why we created Willie’s Rescue and are donating a portion of each sale to help find loving homes for animals in need.”

While CBD products may remain in somewhat of a grey area legally, consumer demand is driving this industry forward with the pet segment taking up a larger and larger segment. People love their pets and it seems most pet owners want the option of quality CBD pet products, and through some companies recent developments, they’re now having more and more options to choose from.

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Investorideas.com - CBD Growth Reports On Sales; What's Ahead for 2019 Sales - (OTC: $HIPH) (OTC: $EDXC) (OTC: $CANN) (OTC: $MJNA)

Investorideas.com - CBD Growth Reports On Sales; What's Ahead for 2019 Sales - (OTC: $HIPH) (OTC: $EDXC) (OTC: $CANN) (OTC: $MJNA)

#CBD Product Sales Snapshot Looking at the US and Globally-(OTC: $HIPH) (OTC: $EDXC) (OTC: $CANN) (OTC: $MJNA)

#CBD Product Sales Snapshot Looking at the US and Globally-(OTC: $HIPH) (OTC: $EDXC) (OTC: $CANN) (OTC: $MJNA)

Point Roberts WA, Delta, BC – August 21, 2019 - Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the recently reported growth in CBD product sales and how this is now painting a more accurate picture of the CBD market.

In recent news, New York-based Nielsen estimated total sales of all legalized cannabis, which includes C.B.D. products, reached $8 billion in the United States in 2018.

“As legal restrictions are loosened, the process of bringing a hemp C.B.D. product to market, including the leveraging of mainstream distribution channels, could soon mirror that of other C.P.G. (consumer packaged goods) products,” Nielsen said. “From over-the-counter medications, to cosmetics, pet care and even products throughout the traditional food and beverage space, the future potential of hemp-based C.B.D. could impact billions in C.P.G. sales across categories.”

CBD has been a rampant news topic for the past year and has even overshadowed the cannabis (high THC plant) industry in some regards. However, due to lack of clarity from the FDA, sales have yet to reach the critical mass many have been anticipating. This is starting to change as more companies learn to navigate these complex regulations, product quality and consistency improves and for some, as brand awareness takes off. Now recent financial results give evidence to an overall increase in CBD product sales that are finally generating real revenues, both in the US and abroad.

American Premium Water Corporation (OTC: HIPH) recently announced that it has secured a contract through its UK subsidiary, which will generate over $833,000 of topline revenue. This is the largest contract for the Company to date, and puts the Company on a solid track to exceed its previously issued 2019 revenue guidance of $1 million. 

Read this in full at https://www.investorideas.com/news/2019/cannabis/08211CBDProductSales.asp

American Premium Water Corporation CEO, Ryan Fishoff stated, “I’m happy to announce that the Company has secured its largest contract to date, adding over $833,000 in top line revenue. The Company is making strides towards becoming the market leader in premium CBD infused consumer products. We have been making incremental progress towards bringing our products to market and generating revenue; shareholders are beginning to see the fruits of management’s labors. There is still a lot of work to be done; the Company has an ambitious business plan that it is focused on executing. There is a lot of business in the pipeline that the Company is working on closing to generate more sales and form partnerships that will create long-term growth to the Company’s top and bottom line. I am headed to London this week to ensure that the Company completes the payment process for this contract so that we can add it to the 2nd quarter filings.”

The contract was executed in the 2nd quarter of 2019. The payment, which originated from the UK, had not settled at the time of filing deadline. After consulting with the Company’s retained accountants, it was determined that it would be in the Company’s best interests to file 2nd quarter financials to remain compliant with OTC Markets and the Company will amend the filing upon completion of the clearing process in accordance with Generally Accepted Accounting Principles (“GAAP”).

Mr. Fishoff continued, “Aside from work on this contract and the two-container order that we announced last week that should be shipping out next month to the UK, the Company has been focusing on Canyon Create, investing more capital and resources this quarter into expanding distribution of Vanexxe, which is currently available on Wal-Mart.com. This ground breaking product fulfills a need for an affordable and effective cosmetic treatment for unsightly varicose veins, which before its launch didn’t exist in the marketplace. The Company is also set to launch its Prickly Pear acne cream, which uses CBD and CBG as its activating agents. The Company feels this product has the potential to become a market leader relatively quickly. We’re excited for Canyon and the Company’s other initiatives that will be picking up steam in the 2nd half of the year. I look forward to keeping the investor and shareholder community informed as I am able to update everyone accordingly.”       

LALPINA CBD water can now be purchased online at https://www.singleseed.com/product/lalpina-cbd-water-6-pack/

CBD Unlimited, Inc., formerly known as Endexx Corporation (OTC: EDXC), a provider of innovative phytonutrient-based food and nutritional products, recently reported year over year revenue growth for its third quarter of fiscal 2019. For the three months ended June 30, 2019, the Company generated over $335,000 in sales, which represents an increase of 52% year over year, and nine months year-to-date $1,252,880 a 108% increase.  

“Our third quarter of fiscal 2019 showcases our accelerated annual growth rate and investment in the long-term success of CBD Unlimited. Our team continues to innovate and exceed expectations as we build strong momentum to finish the fiscal year. Earlier, in December, we forecasted that we would be in 5,000 stores by the end of calendar 2019. We are positioned to surpass this number near term.  The company will continue to invest in inventory, innovation and scalability, delivering and executing the business plan,” commented CEO & Chairman, Todd Davis. “As we look to the rest of the year, we expect to continue this growth trajectory as we increase our store count exponentially. As we scale aggressively, we continue to watch and listen to the pending FDA suggested guidelines closely. Additionally, we look to efficiently educate the consumer on our CBD products. We look forward to executing continued growth for the remainder of fiscal 2019 and on to 2020.”

As mentioned above, CBD is drawing in a lot of interest, including that of many more THC focused cannabis companies looking to ride the CBD wave. Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, recently announced that the Company has begun manufacturing operations under an industrial hemp processor license.

This processor license will allow Medical Marijuana, Inc. to freely store, handle and convert industrial hemp into a marketable form. This will enable the company to continue implementing its soil to sale plan, including processing its own raw material and manufacturing finished goods within the new facility.

“Operating under this license is a big step for our Company and a great sign for the future of our domestic operations,” said Medical Marijuana, Inc. CEO, Dr. Stuart Titus. “The 2018 Farm Bill has allowed us to grow our processing and manufacturing capabilities as well as drive the global supply chain of high-quality hemp.”

General Cannabis Corp (OTC: CANN), the comprehensive national resource to the regulated cannabis industry, also recently announced their financial results for the quarter ended June 30, 2019.

“We have surpassed $1 million in revenue for the fifth consecutive quarter, with a 34% increase in year-to-date revenue in 2019 compared to 2018,” said Brian Andrews, Chief Financial Officer of General Cannabis.  “During the first six months of the year, we have increased our focus on securing significant consulting contracts in emerging markets across the country and providing wholesale products to new and existing customers. Both efforts have resulted in significant increases in Operations revenue compared to the prior year. Security revenues were negatively impacted by customers deciding to forego guard services and slower than expected growth in California.  We continue to explore additional revenue streams within the Security segment, such as camera monitoring design and installation, and product transport.  In response to lower revenues from Chiefton, within our Consumer Goods segment, over the course of the last three months we have eliminated annualized overhead by approximately $350,000 in order to better match our cost structure to estimated potential revenues.”

Michael Feinsod, Chief Executive Officer and Executive Chairman of General Cannabis, stated, “It was a busy quarter with a focus on our existing businesses while making significant other operational and business improvements as described in this release.  We expect these steps to reap benefits over the near term. 

“We have recently opened our new CBD store and e-commerce website, STOA Wellness, which offers a curated collection of quality products designed for high performance athletes. We strive to offer high quality products derived from sustainably sourced plants. We believe this sets us apart and offers our customers a unique experience. We trust these factors will generate growing Consumer Goods revenue through the remainder of the year.

“In addition to growing our existing lines of business, we are excited to embark in the coming months on multiple potential acquisitions we have announced as HB-1090 is implemented. As of today, we have entered into non-binding term sheets for approximately 45,000 square feet of cultivation space, a processing facility and adult use (recreational) dispensaries. Our operating history and Colorado experience have proven to be strong attractions as we engage with potential Colorado partners. To date, each of the proposed transactions would keep existing management teams in place.  We look forward to moving forward with these transactions and integrating these new teams into our General Cannabis family.  We believe that upon completion, these strategic acquisitions will create synergistic opportunities that will allow us to leverage our skill sets to help our customers succeed.”

With more real-time sales and revenue data coming to the forefront each week, investors and consumers now have a better assessment of real CBD demand and sales and a more accurate picture of how the true CBD market is coming into focus. We can expect to see more sales data over the coming months, especially once the FDA does release clearer guidelines for the industry, expected later this year.

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Investorideas.com - US Retail Sales of CBD Generating Revenue - (OTC: $HIPH) (OTC: $PURA) (OTC: $MCOA) (OTCQB: $RMHB) (TSX: CRON.TO) (NASDAQ: $CRON)

Investorideas.com - US Retail Sales of CBD Generating Revenue - (OTC: $HIPH) (OTC: $PURA) (OTC: $MCOA) (OTCQB: $RMHB) (TSX: CRON.TO) (NASDAQ: $CRON)

How #Retail and #Ecommerce #CBD Outlets are Generating Revenue - (OTC: $HIPH) (OTC: $PURA) (OTC: $MCOA) (OTCQB: $RMHB) (TSX: CRON.TO) (NASDAQ: $CRON)

 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.

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Investorideas.com - Cannabis Drinks Boosting Business (OTC: $HIPH) (NASDAQ: $NBEV) (TSX: $TGOD.TO) (NYSE: $HEXO)

Investorideas.com - Cannabis Drinks Boosting Business (OTC: $HIPH) (NASDAQ: $NBEV) (TSX: $TGOD.TO) (NYSE: $HEXO)