Retailers are racing to take advantage of an explosive CBD market.
Neiman Marcus is pushing ahead with CBD sales at some of its stores and online. Simon Property Group is partnering with Green Growth Brands to open 108 stores in its malls just in 2019. Barney’s will launch “The High End.”
Now, one of the largest drugstores in the U.S. is selling cannabis products, too. CVS will now carry a line of CBD products in eight states, including California, Illinois, and Colorado.
In fact, the drug chain will now sell CBD creams, sprays, and lotions in those states.
“We are carrying hemp-derived CBD products in select states to help meet consumer demand for alternative care options,” said CVS Health Spokesperson, Mike DeAngelis.
Along the way, it’s creating a sizable sales opportunity for several companies, including The Yield Growth Corporation (CSE:BOSS)(OTCQB:BOSQF), Curaleaf Holdings Inc. (CN:CURA)(OTC:CURLF), and Green Thumb Industries Inc. (CN:GTII)(OTC:GTBIF).
The Yield Growth Corporation (BOSS)(BOSQF) just announced that Mad Wallaby Distribution Inc. as a new, wholly owned subsidiary which has been submitted for incorporation in the State of California. Mad Wallaby establishes legal U.S. retail and e-commerce distribution for beauty, health and wellness brands with products containing hemp ingredients including cannabidiol from hemp (CBD) that have less than 0.3 percent concentrations of THC.
“Establishing Mad Wallaby to create U.S. distribution channels for CBD products is an exciting, natural step for Yield Growth,” says Penny Green, Yield Growth CEO, “As we are seeing now with the American national drugstore chain CVS for example, shelf space for these products is expanding quickly in relation to strong consumer interest and increasing market demand. Adherence to the complex and evolving laws surrounding these products remains important and represents our trusted distinction as a distributing partner for both emerging brands and the established retailers they seek to supply.”
Mad Wallaby plans to build a distribution portfolio of 10 brands, including Yield Growth’s own Urban Juve and a Mad Wallaby CBD product line in development-- that meet its standards for quality and the legal requirements for products containing hemp pursuant to the U.S. Farm Bill and other applicable regulations.
For More Information on The Yield Growth Corporation (BOSS), Click Here.
Curaleaf Holdings Inc. (CURA)(CURLF) just announced that CVS will carry its line of CBD products. “We’ve been having dialogue with national retailers for many months now,” Curaleaf CEO Joseph Lusardi said, as quoted by Bloomberg. "All large retailers are figuring out their hemp strategy and will address that in 2019 because there is such a huge product demand.”
In addition, in its most recent quarter, the company reported that revenue rose 407% to $32 million from $6.3 million year over year. However, the company did post a fourth quarter loss of $16.5 million, or four cents per share as compared to a year-earlier profit of $624,000, or zero cents per share.
For More Information on Curaleaf Holdings Inc., Click Here.
Green Thumb Industries Inc. (GTII)(GTBIF) is a vertically integrated company that manufactures and sells a well-rounded suite of branded cannabis products including flower, concentrates, edibles, and topicals.
It also owns and operates a national chain of retail cannabis stores called RISE dispensaries. The company just acquired the For Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products. Beboe is currently available in more than 125 retail locations in California and Colorado and via home delivery across California.
For More Information on Green Thumb Industries Inc., 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 four 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
[email protected]
