The Biggest CBD Wellness Developments of 2019
Thursday, January 10, 2019 11:00 AM
HOUSTON, TX / ACCESSWIRE / January 10, 2019 / As cannabidiol (CBD) just begins its cultural renaissance, the market could more than double in value to $2.5 billion by 2026 from $950 million, according to Transparency Market Research.
However, we could see those numbers improve significantly, as CBD disrupts multi-billion-dollar industries, including the $4.2 trillion wellness market.
That's thanks in large part to baby boomers - who make up 70% of wellness industry consumers – that are seeking alternatives to help improve their quality of life as they age. Even younger generations are just beginning to add cannabis products to their health and wellness regimens.
With sizable growth in store, some companies are already experiencing incredible growth, including The Yield Growth Corporation (CSE: BOSS) (OTCQB: BOSQF), Green Growth Brands (CSE: GGB)(OTCQB: GGBXF) and HEXO Corporation (TSX: HEXO) (OTC: HYYDF).
The Yield Growth Corporation's (BOSS) (BOSQF) hemp-based wellness brands could very well be disruptive to several sectors, including wellness, makeup and leisure for example. In fact, it just announced that it is launching three new hemp-based skin care products next week under its Urban Juve brand, including the Urban Juve Vitalize Daily Face Moisturizer, the Balance Daily Face Moisturizer and the Align Daily Face Moisturizer.
At the moment, The Yield Growth subsidiaries are developing and manufacturing a wide range of other personal care products containing hemp root oil and various cannabinoids. In addition, The Yield Growth is currently seeking to obtain necessary licenses to process cannabis and manufacture cannabis products in multiple jurisdictions where such products can be sold.
For More Information on The Yield Growth Corporation (BOSS.CN), Click Here.
Green Growth Brands (GGB) (GGBXF) is a likely beneficiary, as well. The company, whose goal is to become North America's leading retailer of cannabis and CBD products, is preparing to market its CBD personal care products under its Seventh Sense Brand.
In addition, the company just made a hostile bid for Canadian cannabis company, Aphria Inc.
According to a recent Green Growth Brands, press release, By acquiring Aphria, Green Growth represents a way for shareholders of Aphria to participate in the much larger U.S. market, with significantly greater long-term sales potential."
The combination of the two companies will create an unparalleled North American player with operations on both sides of the border, combining Aphria's Canadian supply and wholesale agreements with Green Growth's vertically integrated operations including cultivation, manufacturing and retail. The combination also marries the talent of Aphria's veterans in the greenhouse industry and pharmaceutical operations with Green Growth's team of retail experts from well-known retailers including Designer Shoe Warehouse Inc. and L Brands Inc. (Victoria's Secret). Together the combined company will be the largest U.S. operator by market capitalization and the only North American cannabis operator."
For More Information on Green Growth Brands, Click Here.
Another likely beneficiary is HEXO Corporation (HEXO), which has been rallying since announcing it applied for listing on the NYSE. Upon approval, HEXO Corporation will trade on the NYSE American under ticker symbol HEXO", the same symbol the Company's common shares on the Canadian exchange. HEXO shares will also continue to trade on the OTC PINK.
In addition, the company reached a construction and licensing milestone for the first phase of its one million sq. ft. greenhouse expansion. The milestone will help HEXO increase its annual production capacity to 108,000 kg of dried cannabis.
According to CEO and and Co-founder Sébastien St. Louis, Receiving initial licensing on our 1,000,000 sq. ft. facility is a huge accomplishment for the entire HEXO team. We are proud that the construction project is hitting all its milestones while respecting aggressive timelines and staying on budget. The new production facility allows us to continue to scale-up which, once fully operational, will give customers across Canada access to HEXO products. Our team has been hard at work for the past couple of months nurturing new mother plants and preparing cuttings. We will start moving plants into the new facility with the pre-prepared mother plants and cuttings in alignment with our continuous harvest methodology."
For More Information on HEXO Corporation, Click Here.
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from aressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
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