NEW YORK, April 10, 2017 /PRNewswire/ --
The CBD market holds a significant
Another report focused on the cannabis industry, The Hemp Business Journal, has estimated that the CBD market will grow to a $2.1 billion market in consumer sales by 2020, with $450 million of those sales coming from hemp-based sources. According to the report, that is a 700% increase from 2016. In 2015, the market for consumer sales of CBD products was $202 million.
ChineseInvestors.com, Inc. (OTCQB: CIIX) on March 30th announced, its investment in Breakwater MB, LLC, a cannabis-focused investment and consulting company. Building on the success that CIIX enjoyed through its investment in early-stage firm Medicine Man Technologies, the Company is pleased to announce another strategic investment in the cannabis industry.
Breakwater MB was formed by CIIX board member and former CFO Paul Dickman, as a means to invest capital in and provide consulting services to private, cannabis-focused companies as they transition into the public market. The invested capital will primarily be used to cover the costs of becoming a publicly-traded company, a strategy CIIX expects will provide significant investment appreciation and opportunity for liquidity. All opportunities will be evaluated by the investment committee, comprised of CIIX CEO Warren Wang, Medicine Man Technologies CEO Andy Williams, and Paul Dickman, the CFO of Medicine Man and managing member of Breakwater MB.
"By focusing on these transitional phase investments, it's our expectation that investors in Breakwater MB will enjoy significant capital appreciation in its investment due to the arbitrage in value between private and public companies, the growth through access to the capital markets, the firm's expertise and established network, as well as short-term liquidity due to investing in newly-formed publicly-traded companies," states Dickman.
In February, Eco Science Solutions, Inc. (OTCQB: ESSI), an eco-technology Company providing solutions to the multi-billion dollar health, wellness and alternative medicine industry, announced that it has agreed to become a Presenting Partner Sponsor for Kaya Fest's inaugural event. The purpose of Kaya Fest is to educate the people of the many uses of the cannabis plant as well as to inspire and encourage positive public awareness, since medical marijuana has become legal in many states. Jeff Taylor, Chief Executive Officer of Eco Science Solutions, Inc., stated: "Our goal at Eco Science Solutions is to continue to bring awareness and education of the various alternative health and medical options and benefits to the mainstream market, for which cannabis-related products is one of our strategic categories."
Kush Bottles, Inc. (OTCQB: KSHB) provides packaging products and solutions to producers, processors and retailers operating in the regulated medical and recreational cannabis industry. Founded in 2010, Kush Bottles has sold more than 100 million bottles and regularly services to more than 3,000 customers across the United States and Canada. Recently, the company has added two new distribution partners in Hawaii and Puerto Rico, two key medical cannabis markets. The company's Hawaii distribution partner will service the island's dispensaries that provide products to registered patients. Hawaii's reciprocity program will also allow sales to patients with valid medical marijuana cards, who are visiting from other states.
Using proprietary sublingual spray technology and capabilities to develop pharmaceutical cannabinoids, Insys Therapeutics, Inc. (NASDAQ: INSY) is developing a pipeline of products intending to address unmet medical needs and the clinical shortcomings of existing commercial products. Earlier in February, Insys announced that the company is providing for the use of Cannabidiol Oral Solution at doses up to 40 mg/kg/day, in compassionate use studies in subjects with refractory pediatric epilepsy following completion of 48 weeks of treatment in the ongoing long-term safety study. The long-term safety study permitted subjects who had completed the initial safety and pharmacokinetic (PK) study, to receive Cannabidiol Oral Solution at doses up to 40 mg/kg/day for up to 48 weeks.
Cannabis Sativa, Inc. (OTCQB: CBDS) develops and promotes natural cannabis products. The Company is engaged in the research, development and licensing of natural cannabis products, including cannabis formulas, edibles, topicals, strains, recipes and delivery systems. On December 19, 2016, the company announced that it entered into an agreement to acquire a 49% ownership interest in a 9 acre property in Los Angeles County, California. The ownership group plans to lease the property to an industrial hemp farm operator who will conduct farming activities under the Industrial Hemp provisions of California's Adult Use Marijuana Act (Prop 64). The Company's President David Tobias stated, "We are excited to play a role in what we anticipate will be one of California's first hemp farms under Prop 64."
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