SALT LAKE CITY, UT / ACCESSWIRE / November 20, 2018 / EnviroTechnologies International, Inc., (''ETI'') a publicly traded company ETII that develops and markets green, natural and organic products for diverse industries, released a 4th Quarter update of its progress in current operational channels.
CBD Health
Its subsidiary, CBD Health Co., (www.cbdhealthco.com), a company that markets and sells high quality and proprietary hemp-based, natural CBD health products, is continuing to develop new medical and hemp-based health products for humans and pets.
Approximately 24 states now allow the commercialization of medical hemp-based products. ''In this election year medical marijuana proposals were a hotly debated topic and several states passed proposals that allow the growing and distribution of medical hemp products, even Utah, where there was fierce opposition,'' said Gaylord Karren, ETI's president
According to a report provided by Energias Market Research, the global medical cannabis market is projected to increase in value from USD 8.28 Billion in 2017 to USD 28.07 Billion in 2024 and at a CAGR of 19.1% from 2018 to 2024. There are many significant developments that help increase the growth rate of the market, such as the increasing acknowledgment of medicinal benefits and higher demand for hemp products in the treatment of various diseases, as well as growing research and development investments.
The global Medical Marijuana Market size is expected to register a CAGR of 17.2% over the forecast period. The market is experiencing growth due to rising awareness regarding various medical applications, such as pain management, appetite enhancement, and reducing eye pressure.
''We are enthused by CBD's prospects and plans for 2019,'' said Randall Water's, ETI's Vice President of Sales and Marketing.
EO Systems
ETI manufactures state-of-the-art electrolysis machines (EO Systems) that create electrolyzed oxidative water that have broad application in many channels, such as carpet cleaning, agriculture
''Together these unique fluids are proprietary, unique and thoroughly tested
''We have had great success placing our proprietary and innovative EO Systems with our partner, Zerorez Franchising Systems, a national carpet and living surface cleaning company,'' said Waters, ''And we are in the process of placing ETI Systems in food preparation and agriculture industries. We have had a successful year introducing our new technology EO Systems and will report more as we continue to develop the applications,'' added Waters.
''The market for our proprietary EO Systems in the apple, grape and cherry industries is enormous and we have just begun to scratch the surface. Our contacts and associates in these markets are industry leading and will really help us be successful in these markets for a very long time,'' related Waters.
Other Opportunities
''We continue to pursue selling our EO Systems and other proprietary products in other industries, such as oil and gas and food preparation, which we believe will pay dividends in the coming months and years. These are slower developing markets, but strong opportunities, nonetheless,'' said Karren.
''ETI continues to grow, exceeding our business model, because of strong management, superior intra-industry contacts, exceptional customer service and products and equipment that are superior to any competitors' products.''
About EnviroTechnologies International, Inc.
EnviroTechnologies International is a publicly listed company that develops and markets proprietary, synergistic products for
For more information visit our website at www.enviroti.com.
Contact:
Randall Waters
(866) 684 9025
www.info@enviroti.com
SOURCE: EnviroTechnologies International, Inc
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