Cannabis Companies Ramp Up Diversified Product Development as CBD Industry Explodes Beyond Expectations

Thursday, October 25, 2018 General News
Email Print This Page Comment bookmark
Font : A-A+

PALM BEACH, Florida, October 25, 2018 /PRNewswire/ --

Financialnewsmedia.com News Commentary 

For

some time now, experts have predicted that if the cannabis industry expands at its current rate, the U.S. market alone will reach $20 Billion in revenues by 2020. But it turns out that one market is spinning off into a mega-industry
of its own: according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market by itself could hit $22 billion by 2022. CBD, a non-psychoactive cannabinoid found in cannabis, has had a steady in popularity over the past couple of years and has jumped well beyond many expectations. Hemp-derived CBD is included in most products nowadays, including edibles and even treats for pets. Where it's legal to do so, athletes use CBD oil for pain relief after a rough day at training, pet owners give CBD treats to their dogs and cats for de-stressing, and people take a swig of CBD-infused drinks for a quick energy boost. Active cannabis companies in the markets this week include PotNetwork Holdings, Inc. (OTC:POTN), Pyramidion Technology Group, Inc. (OTC:PYTG), Sipp Industries, Inc. (OTC:SIPC), Puration, Inc. (OTC:PURA), Namaste Technologies Inc. (TSX-V:N) (OTC:NXTTF).

PotNetwork Holdings, Inc. (OTCPK:POTN) BREAKING NEWS: PotNetwork Holdings announced today that Kevin Hagen, President of its subsidiary, First Capital Venture Co., owner of Diamond CBD, Inc., has been appointed as new Chief Executive Officer effective immediately. Former CEO, Dr. Richard Goulding, assumes the new role of Chief Medical Officer, spearheading new product development and clinical testing of new proprietary products. Dr. Goulding will devote his time solely to this role, terminating any involvement with other entrepreneurial initiatives and affiliations, private or public, in the CBD industry. Dr. Goulding will focus on product development, in an effort to expand and enhance the Company's offerings. Kevin Hagen, new CEO, stated, "We want to thank Dr. Goulding for meeting the considerable demands in the past of being both our CEO, and Chairman of our medical advisory board. We are certain that as Chief Medical Officer, he will assist us in navigating the complexities we face with our new hemp-derived CBD product initiatives, as he works with our other advisory doctors, scientists and specialist legal counsel." He added, "Since early 2017 we have been building our brand, consumer base, and product line. As we close 2018 and enter 2019, we plan to become a more robust company, with solid distribution and sales, upon which we can continue to build more brands and penetrate more markets. The achievement of long-term shareholder value is our goal, not short-term stock gains. We have our eyes fixed on getting to NASDAQ in the years ahead, which is a worthy goal for any early stage public company."Read this and more news for POTN at: http://www.financialnewsmedia.com/news-potn

Other recent developments in the cannabis industry include:

Pyramidion Technology Group, Inc. (OTCPK:PYTG), yesterday announced the execution of the closing of the acquisition of NxGen Brands, LLC ("NxGen") of Denver, Colorado. PYTG officially owns NxGen operations, brands, marketplace and is currently now a subsidiary of Pyramidion Technology Group, Inc. NxGen Brands, established CBD alternative medicine and natural nutraceutical products, owned, and is doing business as, LeafyWell (http://www.LeafyWell.com ). PYTG's acquisition of NxGen Brands includes the acquisition of LeafyWell and there have been reports of significant additions to the company's advisory board to now include experienced medical professionals to serve active roles in shaping the company's direction and product lines.

Sipp Industries, Inc. (OTCPK:SIPC), a multifaceted corporation specializing in technology, manufacturing and distribution of commercial and consumer products, is excited to announce the highly anticipated inaugural launch of its Hemp IPA beer, Major Hemp H-IPA, in cans. The Company received confirmation from the TTB yesterday that the label for its new Hemp IPA beer has been approved, completing the final step in the regulatory process which permits individual containers of beer to be sold to consumers. This milestone achievement marks the beginning of a new era for Sipp Industries, as it continues its quest to develop a diverse lineup of unique craft beers to build around its current pair of Hemp-infused Brown Ale and IPA beers.

Puration, Inc. (OTCPK:PURA) this week announced its EVERx CBD Sports Water will be available for purchase online soon. The online shopping site will include an option to purchase EVERx with cryptocurrency. The online sales will augment the current availability of EVERx at retail outlets. The company recently announced updating the EVERx packaging to include a new EVERx logo and labels. The new packaging will also include a 4-pack configuration of EVERx bottles permitting for easier and more affordable shipping in fulfillment of online sales.

Namaste Technologies Inc. (TSX-V:N) (OTCQB:NXTTF) has filed a final short-form prospectus in connection with its bought deal offering of 15 million units of the company at $3 per unit previously announced on Sept. 26, 2018. The prospectus has been filed in each of the provinces of Canada other than Quebec. The company and the underwriters have also entered into an amended and restated underwriting agreement amending the terms of the warrants issuable in connection with the units, and pursuant to the exercise of the underwriters' compensation options, such that: 1. The units will consist of three-quarters of one common share purchase warrant (from one-half); 2. Each whole warrant will be exercisable at $3.15 per common share (from $3.50); 3. Each warrant will be exercisable for a period of 60 months (from 48 months).

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM 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. FNM'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. FNM 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 FNM has been compensated seventy five hundred dollars for news coverage of the current press releases issued by PotNetwork Holdings, Inc. by a non affiliated third party. FNM 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 FNM undertakes no obligation to update such statements.

Media Contact: email: editor@financialnewsmedia.com Tel - +1(561)325-8757  

SOURCE FinancialNewsMedia.com



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store