Cannabis has become the hottest investment story of the year with no shortage of bullish analysts. For example, according to the Marijuana Business Factbook, the industry could be worth $77 billion by 2022. Analysts at Arcview Market Research and BDS Analytics see worldwide sales of $55 billion by 2024. All as people around the world wake up to the health benefits of cannabis, including the treatment of insomnia, stress and anxiety. On top of that, 14% of Americans are now using products that contain CBD, according to a Gallup poll, as retailers rush to keep up with demand. That’s opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS)(OTC:BOSQF), Green Growth Brands Inc.(CSE:GGB) (OTC:GGBXF), Charlotte’s Web Holdings Inc. (CN:CWEB) (OTC:CWBHF), Aurora Cannabis Inc. (NYSE:ACB)(TO:ACB), and Green Thumb Industries Inc. (CN:GTII)(OTC:GTBIF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced that production of both Wright & Well CBD and THC product lines will commence in October. Six products in the Wright & Well Marijuana line are being manufactured in Oregon for sale in cannabis retailers, with production expected to be completed the week of October 21, 2019. Four products in the Wright & Well CBD line are being manufactured in California, with production expected to be completed the week of October 28, 2019. Wright & Well has a line of Ayurveda-inspired Marijuana infused products that are supported with hemp root extract. This powerful line-up is uniquely formulated to help people move freely and live a thriving life. With proprietary formulations as unique as they are powerful, these products are backed by more than 30 years of Ayurvedic study and hands-on practice with chronic pain sufferers. Each product is formulated with the purest ingredients, nano-precise ratios, and carefully selected strains for the most impactful result. The line of marijuana infused products will launch in Oregon through cannabis licensed manufacturer & distributor, Nova Paths. The line of CBD-from-Hemp -infused products will be manufactured in California at a GMP compliant laboratory in Los Angeles.
The manufacturing of the following six Marijuana products is expected to be completed the week of October 21, 2019 at Nova Paths in Oregon: “BE LOVED” Marijuana-infused Massage oil, with Purple Hindu Kush Oil & CBD Isolate, “BE RELIEVED” Marijuana-infused Gel with Purple Hindu Kush & CBD Isolate, “BE FREE” Marijuana-infused Balm with Purple Hindu Kush and CBD Isolate, “BE BETTER”, Hemp CBD Tinctures both in Regular Strength and Extra Strength, and “BE CHILL” Cannabis & Hemp CBD Tincture. The Wright & Well marijuana products website (www.wrightandwellPlus.com) is currently under development, with an expected go-live date in mid-October to support the launch of the products for sale in Oregon. Yield Growth has engaged leading Portland, Oregon-based agency Gold & Yashar to market the brand in Oregon, including digital, print and billboard advertising, promotion in the online cannabis newsletter The Daily Leaf, in-store merchandising, and product knowledge training events for budtenders.
Yield’s wholly owned subsidiary W & W Manufacturing Inc. has entered into an agreement with a Los Angeles-based GMP-compliant laboratory to manufacture a line of Wright & Well CBD Essentials (from Hemp) products in California, using its own proprietary formulations, with collaboration on packaging and product specifications. The first products, which are set to be manufactured by late October, are the Wright & Well CBD Essentials “BE BETTER” Hemp CBD Tincture, “BE LOVED” Hemp CBD Massage Oil, “BE RELIEVED” Hemp CBD Gel, and “BE FREE” Hemp CBD Balm. The Wright & Well Los Angeles manufacturing partner has deep expertise in the cosmetics space and offers a turnkey solution for natural and organic beauty brands from product creation to omni-channel marketing. W&W selected this partner for its focus on healthier, environmentally friendly, safe and innovative beauty care products with the potential for success in the growing CBD, natural and organic beauty market. The group has worked with many respected beauty brands including Aesop, Aveda, Malin + Goetz, Elemental Herbology, and Laura Mercier.
Other related developments in the cannabis industry include:
Green Growth Brands Inc.(CSE:GGB)(OTC:GGBXF) just announced that it will open 100th Seventh Sense Botanical Therapy mall-based shop. The first Seventh Sense shop opened in early February. “This is a huge milestone for Green Growth Brands and Seventh Sense,” said Peter Horvath, CEO of Green Growth Brands. “We believe we have created the largest and most valuable network of brick and mortar CBD shops in the country.” Seventh Sense shops retail high-quality botanical therapy CBD-infused personal care and beauty products at affordable prices. The product offering includes over 100 SKUs across bath, body, face, therapeutic, and sleep categories.
Charlotte’s Web Holdings Inc.(CN:CWEB)(OTC:CWBHF) just announced that Russell Hammer has joined the Company as Chief Financial Officer, effective tomorrow, August 15, 2019. Mr. Hammer, who has most recently served as an advisor in private equity investments, brings more than 30 years of finance experience in the retail, tourism and technology sectors. With his experience leading multi-billion-dollar multinational companies, he is the latest top-tier executive to join Charlotte's Web as the Company accelerates its growth and evolution into a global consumer packaged goods ("CPG") brand. Mr. Hammer replaces Rich Mohr, who as CFO has overseen the Company's successful transition to a publicly traded company and market leader in hemp CBD products. "Russ's appointment aligns perfectly to support the Company's evolution over the past few years from an early stage organization to a leading public company, into its next phase transitioning to a global CPG company. His breadth of international finance experience across a range of industries, as well as expertise in building operational infrastructure, applying forward-looking analytics, M&A, and accessing capital markets will help us scale the business in a financially stable way," said Deanie Elsner, CEO of Charlotte's Web.
Aurora Cannabis Inc.(NYSE:ACB)(TO:ACB) announced its financial and operational results for the fourth quarter and fiscal year ended June 30, 2019."In 2019 Aurora took its place as the global leader in cannabis production, research, innovation, and international market development. We are executing on all our strategic priorities," said Terry Booth, CEO. "Our best in class cultivation methods allow us to grow consistent, high-quality cannabis at scale. Because of this, we've delivered solid revenue growth in the fourth quarter. We are working to extend our reach in the U.S. markets. Our partnership with the UFC is a basis to explore CBD-from-hemp and hemp food products. We are also exploring additional opportunities and leveraging our Strategic Advisor. We are focused on building a sustainable, high-margin business while providing patients and consumers with access to safe and reliable medicine." Glen Ibbott, CFO, added, "We continue to see strong growth in cannabis revenues in both medical and consumer categories. Our cultivation execution continues to drive production costs lower and improve gross margins. Aurora's diversified product portfolio remains in demand with patients and consumers alike. With the Canadian launch of derivative products in the coming months, we have made the necessary investments to ensure readiness and focus on a variety of value-added products. We are very excited to supply an expanded consumer market with premium cannabis and new product forms."
Green Thumb Industries Inc. (CN:GTII)(OTC:GTBIF) announced it will open Rise Hermitage, the seventh Rise retail location in Pennsylvania, on September 19. Rise Hermitage will host an open house for the community on September 16 from 4 p.m. to 7 p.m. The open house will be held before cannabis products are on site so all are welcome to attend and meet the Rise™ team, including the General Manager and Pennsylvania Market President. “We’re honored to open the seventh Rise™ store in Pennsylvania and to be the first to provide cannabis to people throughout Mercer County,” said GTI Founder and Chief Executive Officer Ben Kovler. “With 32 stores now open across the country, we look forward to expanding our footprint in Pennsylvania while being an active member of the Hermitage community.”
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