Top Cannabis Stocks to Watch as Retailers Transform Beauty and Wellness Market

Cannabis beauty and wellness products have gone mainstream.

As products laced with CBD find their way onto the shelves of Sephora, Barney’s, Estee Lauder, and Ulta Beauty, analysts believe the trend could be a significant catalyst.

"We have seen a high level of interest in cannabis beauty from retailers over the past month based on our store checks and incremental launches. We expect further retailer developments in the coming months,” noted analysts at Piper Jaffray, as quoted by CNBC.

Given sizable interest, Piper Jaffray believes the CBD market could be worth up to $100 billion.

Along the way, it’s creating a significant sales opportunity for several companies, including The Yield Growth Corporation (CSE:BOSS)(OTCQB:BOSQF), Tilray Inc. (NASDAQ:TLRY), Green Growth Brands (CSE:GGB)(OTC:GGBXF), HEXO Corporation (TO:HEXO) (NYSE:HEXO), and Canopy Growth Corporation (NYSE:CGC)(TO:WEED).

The Yield Growth Corporation (BOSS)(BOSQF) just announced that its subsidiaries completed the formulations and initial testing for 10 new products to be infused with cannabinoids, including four facial skin care products, four essential oil wellness blends, and two foot creams.

For example, subsidiary, Urban Juve developed four new products that will add to its product line this year, including an eye cream, a cream cleanser, a liquid face cleanser and facial cleanser pads. It has also developed four exotic essential oil wellness blends for everyday use.

These blends contain Urban Juve’s patent pending hemp root oil which promotes superior transdermal absorption. They are tentatively entitled “Energy Boost”, “Headache”, “Sleep” and “Stress”. All are designed to easily be blended with THC or CBD oils.

Yield Growth subsidiary UJ Topicals has also developed two foot-creams that are intended to be infused with cannabinoids. The first is intended to relieve pain and provide moisturizing for dry, cracked feet. The second cream is intended to contain a higher concentration of THC to relieve pain from blisters, bruises, inflammation, sore heels, bunions, corns or calluses. UJ Topicals next steps are to infuse the creams with THC through licensed cannabis manufacturers so that the products can be brought to market.

For More Information on The Yield Growth Corporation, Click Here.

Green Growth Brands (GGB)(GGBXF) is a likely beneficiary, as well. The company, whose goal is to become North America's leading retailer of cannabis and CBD products, is preparing to market its CBD personal care products under its Seventh Sense Brand.

It also just opened its first Seventh Sense CBD shop in Kentucky, where it is selling botanical therapy CBD-infused personal care and beauty products, including a CBD-infused body lotion, muscle balm, body wash, bath salts, a sugar scrub, a bath bomb, lip balm, and face oil.

However, this is just the start for GGB, which is looking to launch stores in malls across America, signing prime lease agreements throughout the U.S. In fact, it just recently entered into an agreement to gain access to 108 prime shop locations operated by Simon Property Group.

For More Information on Green Growth Brands, Click Here.

Tilray Inc. (TLRY) just jumped into the U.S. CBD market after agreeing to acquire Manitoba Harvest for $317 million in cash and stock. Following the purchase, Tilray has plans to launch CBD-derived products in the U.S. as early as this summer.

Manitoba Harvest CEO Bill Chiasson said the “current plan is to introduce a line of CBD-infused tinctures, a CBD spray and CBD gel caps,” as quoted by MarketWatch. ““We have retailers who have expressed a lot of interest in that, in states where it’s more friendly.”

For More Information on Tilray Inc., Click Here.

HEXO Corporation (HEXO) recently reached a construction and licensing milestone for the first phase of its one million sq. ft. greenhouse expansion. The milestone will help HEXO increase its annual production capacity to 108,000 kg of dried cannabis.

In addition, the company just listed on the NYSE American Exchange in late January 2019. It also closed a secondary offering of 8.85 million common shares that raised approximately $43.4 million in gross proceeds, which it will use for general corporate purposes, a global growth initiative, and to develop new products. 

For More Information on HEXO Corporation, Click Here.

Canopy Growth Corporation (CGC)(WEED) just announced it would make a significant investment of $100 million and $150 million to create a large-scale hemp production facility in New York over the next 100 days. It’s currently looking at sites in the Southern Tier of the state, notes Bloomberg.

In addition, "Canopy has been preparing for and investing in this opportunity [CBD] for several years now, through strategic acquisitions, infrastructure expansion, and extensive internal research and development," said Bruce Linton, Chairman & Co-CEO, Canopy Growth. "With the door now open, we are moving fast to bring our considerable resources to establish the same market leadership position internationally that we have earned in the Canadian cannabis market. Canopy has a strong supply of CBD, a significant channel presence, the IP to drive the CBD industry forward to the benefit of consumers, and the balance sheet needed to act now."

Linton added that its "on track" to have products with hemp-derived CBD in the U.S. by the fourth-quarter of 2019 or the first quarter of 2020.

For More Information on Canopy Growth Corp., Click Here.

MarijuanaStox.com is a leading web destination for all cannabis related companies. Investors can also find current marijuana-related quality financial, medical, legal and social news.

MarijuanaStox.com is a media agency in North America dedicated to the cannabis industry, helping companies that operate in the space to attract quality investors, working capital and real publicity. Since 2005, we have had public companies in the US and Canada have rely on us to grow and succeed.

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.

For making specific investment decisions, readers should seek their own advice. Winning Media, which has a partnership with www.MarijuanaStox.com, is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media (partners of MarijuanaStox.com) and The Yield Growth Corp, Winning Media has been paid one hundred thousand dollars for advertising and marketing services for The Yield Growth Corp. We own ZERO shares of The Yield Growth Corp. Please click here for full disclaimer.

Contact Information:
2818047972
ty@marijuanastox.com