Market Overview

Growing Awareness of CBD Oil Benefits Will Drive the Market Forward

Share:

Growing Awareness of CBD Oil Benefits Will Drive the Market Forward

FinancialBuzz.com News Commentary

PR Newswire

NEW YORK, August 7, 2018 /PRNewswire/ --

According to data provided by Technavio, the legal cannabis market is projected to grow at a steady CAGR of about 24% by 2021. The increasing popularity of cannabidiol (CBD) oil products is one of the primary growth factors for the market. The growing impact of online retailers is also expected to contribute significantly to the legal cannabis market. The research indicates that modern customers prefer to pay using digital payment methods, thereby avoiding time-consuming journeys and billing queues. As a result, manufacturers' attention towards the internet-savvy customer segment and new online retail formats is expected to shift. Crop Infrastructure Corp. (OTC:CRXPF), Kaya Holdings Inc. (OTC:KAYS), NightFood Holdings Inc. (OTC:NGTF), Golden Leaf Holdings Ltd. (OTC:GLDFF), Puration Inc. (OTC:PURA)

The medical applications of CBD, and the growing awareness of them, is what makes this segment of the industry so important to its overall growth. Technavio's Research analysis on the global CBD oil market identifies that the demand for CBD oil is high in many different parts of the world because it can cure various ailments in the human body. "One of the benefits of CBD oil includes the protection from Alzheimer's disease and has anti-inflammatory properties. It also helps in the treatment of epilepsy and mental health disorders. The adoption rate of cannabidiol oil is increasing because they help in drug withdrawal. CBD oil is highly recommended because it can suppress the growth of cancer cells to prevent cancer. Our market research analysts predict that this market will grow at a CAGR of more than 39% by 2021," the research states.

Crop Infrastructure Corp. (OTC:CRXPF) is also listed on the Canadian Securities Exchange under the ticker (CSE:CROP). Earlier last week, the Company announced breaking news that, "the Company's Joint Venture; Xhemplar hemp farm in Italy. The 25-acre property was planted less than 50 days ago, has now produced approximately 600,000 healthy hemp plants. The plants are expected to be harvested in the next 20 days.

Furthermore, the joint venture has erected three drying facilities in the preparation for saleable dried hemp biomass. The Company has also identified multiple locations for an extraction facility.

The Joint Venture's high CBD hemp will be sold as biomass or processed into CBD isolate for international markets. The joint venture's products will be branded under XHemplar and CROP brands Tiffany CBD and Hempire Italia.

According to Arcview Market Research and its partner, BDS Analytics, government-subsidized health care spending (worldwide market at USD 1.3-Trillion) is expected to make Europe among the fastest growing and largest medical cannabis markets in the world. Arcview expects Italy to be the second largest cannabis market in Europe by 2027 with USD 1.2 Billion in sales.

CROP Infrastructure Director & CEO Michael Yorke states, 'The Company is extremely encouraged by the fast pace of our partners at XHemplar having advanced into production in Italy. CROPs portfolio of cannabis infrastructure assets now includes cultivation properties in California, Washington State, Nevada, Italy, Jamaica. CROP also holds minority interests in West Hollywood and San Bernardino dispensary applications. Management will continue to aggressively pursue new international opportunities and expand its portfolio of tenant growers and infrastructure assets in strategic jurisdictions.'

XHemplar Chairman and CROP Infrastructure VP of M&A, EMEA Andrea Castiglione states: 'We're looking forward to CROP building out the extraction facility and unlocking the true value of the hemp plant. In 2019 we will look to increase the scale of our operations and asset base in Italy with CROP Infrastructure.'"

Kaya Holdings Inc. (OTCQB:KAYS), through subsidiaries, produces, distributes or sells legal premium medical and recreational cannabis products, including flower, concentrates and oils, and cannabis-infused foods. Kaya recently reported that it has reached a preliminary agreement to purchase a 12,000 sq. ft. indoor marijuana grow and manufacturing facility in Eugene, Oregon, which has a current capacity to grow in excess of 800 lbs. of high quality medical and recreational cannabis annually. The seller also holds a production license for the manufacture of extracts, oils and edibles, as well as the machines and equipment necessary to begin production, which will be included as part of the real estate purchase. "Approximately 2 weeks ago we entered into a non-binding preliminary agreement to purchase the building and related grow and manufacturing assets USD 1.3 M in KAYS restricted stock from the seller," stated Craig Frank, Chief Executive Officer of KAYS. "We believe that this acquisition, when successfully completed will expedite our ability to achieve a number of our objectives."

NightFood Holdings Inc. (OTC:NGTF) is a snack food company dedicated to providing consumers with delicious, better-for-you, sleep-friendly choices for evening snacking. The Company recently reported that its direct-to-consumer gross sales for the month of July surpassed the previous high set in June by over 33%. The Company has set online sales records in consecutive months as it continues to refine and test various online marketing initiatives. June unaudited sales from Shopify plus Amazon were USD 30,424. July totaled USD 40,634. A growing number of orders are through the Amazon Subscribe & Save® program and subscription orders directly through Nightfood.com. "Seeing the sales, reviews, and feedback we're getting on NightFood bars makes us more excited about the overall night snack category, and specifically NightFood ice cream," commented Chief Executive Officer, Sean Folkson. "The popularity of better-for-you ice cream is booming, and we know a large percentage of ice cream is consumed in front of the TV in the hours before bed. We expect consumers to embrace NightFood ice cream as a sleep-friendly way to satisfy those nighttime cravings, without having to switch format from ice cream to nutrition bars."

Golden Leaf Holdings Ltd. (OTCQB:GLDFF) is a Canadian company operating in multiple jurisdictions, including Oregon, Nevada and Canada, with cultivation, production and retail operations built around recognized brands. The Company recently announced that it has received its city regulatory license for its extraction facility in Portland, Oregon. This license, which was issued by the City of Portland, was the last leg of approval needed before the extraction equipment could be operated. The first step was obtaining state licensure approval, which the Company announced it received last week. "The next few days are important for our Company's production team, as we substantiate our equipment performance. We have a good idea of what they are capable of producing, we just want the hard facts and data," said William Simpson, Chief Executive Officer, Golden Leaf Holdings. "Once the verification process is complete, we will have stronger line of sight to production capacity that our sales team can rely on to make market penetration and competitive pricing decisions."

Puration Inc. (OTC:PURA) has been a water purification company that designs, develops, engineers, produces, markets, and distributes personal and group systems that filter, purify, clean, extract or otherwise improve the quality of water on a cost-effective, affordable basis, with a minimum of environmental impact. The Company has recently announced plans to spin-off its cannabis cultivation business in an effort to concentrate all Puration resources on its proven cannabis-infused beverage business. The spin-off and beverage industry concentration is intended to optimize the shareholder opportunity to capture the booming cannabis-infused food and beverage market to include any opportunity that might arise from the growing interest of global food and beverage industry giants like Constellation Brands.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For Crop Infrastructure Corp. financial news dissemination and PR services, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com .

Media Contact:

info@financialbuzz.com

+1-877-601-1879

Url: http://www.FinancialBuzz.com



SOURCE FinancialBuzz.com

View Comments and Join the Discussion!