Retail Cannabidiol - CBD Market Exploding at Exponential Year-Over-Year Growth Rate

Tuesday, December 19, 2017 Drug News
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MarketNewsUpdates.com News Commentary

PALM BEACH, Florida, December 19, 2017 /PRNewswire/ --

Cannabidiol

- CBD, the natural phytocannabinoid extracted from cannabis, is quickly generating worldwide interest from the investment community while becoming an exciting opportunity for angel and venture capital investments pinning hopes that projections are correct
and that the CBD market will grow 700% over the next few years. In an article published by Forbes, The Hemp Business Journal 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-CBD based sources. That's a 700% increase from 2016. In 2015, the market for consumer sales of hemp-derived CBD products was $90 million, plus another $112 million in marijuana-derived CBD products which were sold through dispensaries - bringing a total CBD market to $202 million last year. And as political walls across North America continue to be reduced and investment into the market increases, the sector could see an even bigger leap in growth than anticipated. Active in the cannabis industry include: PotNetwork Holding Inc. (OTC: POTN), Elev8 Brands Inc. (OTC: VATE), Namaste Technologies Inc. (OTC: NXTTF) (CSE: N), Growlife Inc. (OTC: PHOT), Cannabis Wheaton Income Corp. (OTC: CBWTF) (TSX-V: CBW).

PotNetwork Holding Inc. (OTC: POTN) announced today, it's wholly owned subsidiary, Diamond CBD, Inc., has reported its revenues for November. Exceeding 1.6 million, management enters the final stretch of 2017 having developed a strong and consistent trend for solid growth.  With continual month over month advancement, Diamond CBD's premium quality products have bolstered in popularity throughout the year and widely captured the attention of celebrities and distinguished media sources nationwide. Read this and more news for POTN at: http://www.marketnewsupdates.com/news/potn.html

The Company announced last week that PotNetwork Holding, Inc. had been recently featured in a Huffington Post article highlighting the emergence of the CBD industry. In its coverage of PotNetwork specifically, it summarized the Company's dedication to research, development, and multi-national distribution of premium hemp extracts. The article also shed light on the Company's reach, highlighting the established control of more than 15 CBD recognizable brands marketed at thousands of retail stores around the country through its subsidiary, thus strengthening distribution for its signature edible gummies, vape pens, vape additives, pet products, and more, available in 100's of flavors and sizes.

In other industry developments and market performances of note:

Elev8 Brands Inc. (OTC: VATE) closed up Monday over 49% with over 12.2 Million shares traded by the market close. The company recently announced it is now working with an Orlando, Florida based coffee roaster. Elev8 Hemp aims to improve efficiency and in doing so has decided to bring on a new local roaster. New Florida-based roaster has significantly decreased lead time on new inventory as well as reduced cost on shipping, thereby markedly increasing profit margins. Elev8 has worked closely with roaster in developing new packaging and labeling to better fit traditional brick and mortar. CEO of Elev8 Hemp, Ryan Medico, stated, "I couldn't be more excited to have a more hands on feel, working with a roaster on the local level. The new packaging and labeling stands out amongst other coffees which distinctly brings attention to our premium hemp brand.

Namaste Technologies Inc. (OTCQB: NXTTF) (CSE: N.CN) announced a Letter of Intent with Supreme Pharmaceuticals Inc. ("Supreme") (TSX: FIRE.V) (OTC: SPRWF). The LOI, signed by Supreme's wholly owned subsidiary, 7ACRES, and Namaste's wholly owned subsidiary, Cannmart Inc. ("CannMart"), provides that Supreme will supply CannMart with a premium range of high quality dried cannabis flower which will be offered in the Company's medical marketplace. Supreme is focused on producing high quality cannabis through a commitment to carefully curated genetics, quality focused cultivation practices and a post-harvest process that includes a 14-day whole plant drying process and hand finishing of each flower. Under the terms of the LOI, Namaste has committed to work with Supreme as a preferred vendor as related to possible branded partnerships, in addition to supply for Namaste's in-house branded medical cannabis.  

Growlife Inc. (OTC: PHOT) closed up over 14% on Monday with over 30.8 Million shares traded by the market close. Last week, the company announced it has added an all-in-one home cultivation system called GrowLife Cube Pro to its renowned product offering. GrowLife Cube Pro is an improved version of GrowLife Cube, one of the world's first complete home grow packages designed to make plant cultivation attainable for consumers of all backgrounds and skillsets. The Company has introduced the product as a way to service the exploding recreational cannabis markets in California and other states where adults will be permitted to cultivate up to six plants per adult under local law. Additionally, consumers will be legally able to assign out their allotted plants to other cultivators, creating a large personal market for small, mid-size home cultivation. With almost 40 million people in California alone and regulation stipulating that all growing must be done indoors, the demand for home cultivation is expected to skyrocket as the adult use legislation takes effect in January 2018.

Cannabis Wheaton Income Corp. (OTCQB: CBWTF) (TSX-V: CBW.V) announced it has entered into a binding strategic alliance and streaming agreement with Sustainable Growth Strategic Capital Corp. (SGSC), whereby SGSC, through a subsidiary, will become a significant streaming partner to the company and the newest participant in the Wheaton licensing program. Pursuant to the agreement, the company will assist SGSC in obtaining ACMPR (Access to Cannabis for Medical Purposes Regulations) licensing for its large energy-efficient facility strategically located in Scarborough, Ont., which, upon receipt of the license, will make it one of the closest licensed producers to Toronto's downtown core. The company will also assist SGSC in developing the facility which SGSC anticipates will be approximately 145,000 square feet upon completion with the capacity for a further 200,000-square-foot expansion. SGSC consists of a seasoned management team with over 100 years of combined experience in delivering on large-scale power generation and construction projects.  

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated ninety-nine hundred dollars for news coverage of the current press release issued by PotNetwork Holding Inc by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

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