CBD has quickly become one of the most industry-disruptive forces. Multi-billion-dollar industries are already being uprooted by cannabis, including beverages, pharmaceuticals, tobacco, and the $4.2 trillion health and wellness industry, as the cultural renaissance just gets underway. All thanks to growing acceptance following Canada’s October 2018 legalization, broad approval for its recreational and medicinal use throughout the U.S., and corporate interest. One of the strongest areas of growth can also be found in CBD beauty products. In fact, analysts at Jefferies say the CBD beauty market alone could be worth $25 billion over the next decade, and could account for up to 15% of the skincare market. Better, large companies are entering the space, including Sephora, L’Oreal, Estee Lauder, and Unilever. That’s opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Canopy Growth Corporation (TO:WEED)(NYSE:CGC), High Tide Inc. (OTC:HITIF)(CSE:HITI), Green Growth Brands Inc. (CSE:GGB)(OTC:GGBXF), and Charlotte’s Web Holdings Inc. (CN:CWEB)(OTC:CBWHF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. announced that its all-natural hemp skin care line Urban Juve will be featured in the September 2019 issue of British Vogue which goes on sale August 2, 2019. Urban Juve’s Anti-aging Serum with Hemp Oil will be included in the print showcase entitled 'Vogue's Beauty Highlights', which has been designed with the intention of promoting a range of hand-selected, premium beauty brands that may yet be undiscovered by British Vogue’s 1.1 million readers and industry insiders. In support of the print campaign Urban Juve will be featured in the September digital showcase, Vogue Retail, which is a subsection on Vogue.co.uk. The digital showcase complements the print showcase and will enable Urban Juve to take advantage of a multi-platform campaign that reaches out to British Vogue’s 3 million website users alongside its 1.1 million print readers.
“Being invited to be included in Vogue’s Beauty Highlights in British Vogue is evidence that Urban Juve is developing a reputation as a quality skin care brand among the elite international beauty community,” says Penny Green, Yield Growth CEO. “Our significant investment into market awareness for our extraordinary skin care products is paying off - we have signed a distribution deal for Greece and now we are in negotiations for distribution in South America, Asia and other parts of Europe. We intend to make Urban June the most widely recognized cannabis beauty brand in the world.”
Other cannabis-related developments from around the markets include:
Canopy Growth Corporation (NYSE:CGC)(TO:WEED) received a new license from Health Canada permitting it to grow cannabis at an outdoor site in northern Saskatchewan. Hours after receiving the license, the first cannabis cuttings were planted at a 7 million sq. ft. (160 acres) secure cultivation field in the province, one that is patrolled by drones (kidding – no drones, promise.) The new license expands Canopy Growth’s diversified Canadian footprint and complements its existing indoor and greenhouse facilities to provide a leading balance of facilities to produce low cost input materials for value-add products, while ensuring more sophisticated growing operations for in-demand flower products. “Our team has outdoor, at-scale cannabis expertise gained from over a decade of hemp farming experience, including Canopy’s 4,000-acre hemp operation executed last year, the extract of which is bolstering our CBD supply for the medical and recreational markets,” said Mark Zekulin, President and co-CEO, Canopy Growth. “At this stage in the summer planting season we view this as a pilot and ramp up project for outdoor cannabis cultivation, though the team will do everything it can to deliver low cost yields this year.”
High Tide Inc. (OTC:HITIF)(CSE:HITI) just announced that the Canna Cabana retail stores located at Unit #116, 5305 Magasin Avenue in the city of Beaumont, a franchised store located at Unit #105, 330 10 Street NW in Calgary and at 5022 50 Street in Lacombe all received their first deliveries of cannabis products from Alberta Gaming, Liquor and Cannabis and have begun selling recreational cannabis for adult use. The New Alberta Stores bring the total number of Canna Cabana retail locations currently selling recreational cannabis to a total of 14 branded locations across Canada. High Tide expects its next 7 Canna Cabana locations and the first KushBar location to be licensed as retail cannabis stores by the end of August, which will bring its total number to 22 locations across Canada, barring any changes to the current rate of licensing by AGLC. “Bringing the Canna Cabana experience to the community of Kensington in Calgary and the cities of Beaumont and Lacombe not only supports the expansion of High Tide’s retail segment but it also boosts the wholesale segment as these locations feature our wide range of proprietary smoking accessories,” said Raj Grover, President and Chief Executive Officer of High Tide. “Our staff is excited to sell recreational cannabis products at the New Alberta Stores and we look forward to continuing the rapid rate of growth that has taken Canna Cabana from 4 to 10 Alberta locations within a month,” added Mr. Grover.
Green Growth Brands Inc. (CSE:GGB)(OTC:GGBXF) just announced that it has surpassed 50 Seventh Sense Botanical Therapy shops open in four months. The first Seventh Sense shop opening was announced mid-February, and, since that time, GGB has continued to roll out its Seventh Sense shops at a rapid pace. The Company anticipates opening more than 200 such shops by the end of 2019. 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. “This rapid rollout across the U.S. is truly unprecedented,” said Peter Horvath, CEO of Green Growth Brands. “We expect to open over 200 shops this year and are confident that we are building one of the largest and most valuable distribution networks for CBD.”
Charlotte’s Web Holdings Inc. (CN:CWEB)(OTC:CBWHF) just unveiled its newest CBD product line - hemp extract-infused CBD Gummies – made with whole-plant extract from its prized hemp genetics and featuring synergistic functional ingredients to support specific health related functions including everyday stress, sleep, and recovery from exercise or active lifestyles. Available in a variety of flavors, gummies are the latest addition to the Company's expanding line of CBD hemp-extract products. "Gummies are a very popular edible format as a result of convenience and measurable consumption," stated Kelsey Morrison, Associate Director of Product Development at Charlotte's Web. "This new delivery format from Charlotte's Web provides an easy bite-sized way to ingest full-spectrum hemp-extract CBD."
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