HOUSTON, TX / ACCESSWIRE / April 23, 2019 / The U.S. FDA could provide a substantial boost to cannabis stocks in weeks.
On May 31, 2019, the government agency will hold its first public hearing on legalizing CBD in food and drinks, to figure out how to regulate such products.
''The goal of the hearing is to obtain additional scientific data and other information related to cannabis and cannabis-derived compounds, both from botanical and synthetic sources, to inform our regulatory oversight of these products,'' the agency has noted. ''FDA does not intend for this hearing to produce any decisions or new positions on specific regulatory questions, but this hearing is expected to be an important step in our continued evaluation of cannabis and cannabis-derived compounds in FDA-regulated products.''
A positive outcome is likely to be a big catalyst for related stocks, including Organic Flower Investments Group (CSE:SOW)(OTC:QILFF), HEXO Corporation (NYSE American: HEXO), and The Green Organic Dutchman (TO:TGOD)(OTC:TGODF).
Organic Flower Investments Group (SOW)(QILFF) just announced that it entered into a letter of intent to create an exclusive CBD-infused supply and distribution agreement, with a leading Canadian contract beverage manufacturer and bottling facility.
The facility is owned and operated by a team with more than 60 years of experience operating large-scale global production plants, and working with leading brands such as Heineken, SABMiller, and the Coca-Cola Company. In addition, the facility is already fully operational and has been granted certifications including Good Manufacturing Practices (GMP), Canadian Organic Standards, Certified Vegan, Fair Trade Certification, and Kosher Facility Status.
Organic Flower plans to use the facility to produce CBD-infused and functional beverages.
For More Information on Organic Flower Investments Group, Click Here.
HEXO Corporation (HEXO) is currently working with Molson Coors to create non-alcoholic, cannabis-infused drinks. '' Canada is breaking new ground in the cannabis sector and, as one of the country's leading beverage companies, Molson Coors Canada has a unique opportunity to participate in this exciting and rapidly expanding consumer segment,'' said Frederic Landtmeters, president and CEO of Molson Coors Canada.
Analysts at Bank of America just named HEXO its top industry pick with a price target of $14.
''HEXO is our Top Pick in cannabis, screening compelling in our valuation framework vs peers and with fundamentals grounded by the most de-risked cannabis supply in Canada (off-take with Quebec), an innovation-forward organization and potential for additional value-add partnerships (beyond that already developed with Molson Canada),'' noted the analysts.
For More Information on HEXO Corporation, Click Here.
The Green Organic Dutchman (TGOD)( TGODF)is developing a distribution hug for large-scale beverage and edible products that can be introduced in Canada and abroad.
''We believe that the beverage and edible market will be the largest single segment of the cannabis market. Cannabis, as the base ingredient, makes these products possible. The medicinal and recreational market for CBD and THC will only increase over time and starting with an organic input is the most important aspect to developing these higher margin products,'' notes TGOD President Csaba Reider.
For More Information on The Green Organic Dutchman Holdings Ltd., Click Here.
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