The global CBD skincare market is expected to balloon to $1.64 billion over the next four years, growing at a CAGR of more than 33%, according to Technavio. All as consumers quickly realize the many benefits of CBD, including its ability to relieve skin irritation, reducing redness, and skin discomfort notes Beauty Packaging.
Within the global community, one of the brightest hotspots is in Latin America, for example, where topicals, skincare, and beauty products are likely to be “long-term leaders,” says the Brightfield Group. “As retail markets continue to open, topicals and skincare & beauty products will appeal to a broader range of mass-market consumers looking for more general health & wellness and functional products.”
In addition, according to Goldstein Research, the Latin America cosmetics market reached a value of USD $31.98 billion in 2017 and is anticipated to grow at a CAGR of 4.49% during the forecast period 2017-2025.
As the global story unfolds, some of the top stocks to keep an eye on include The Yield Growth Corp. (CSE:BOSS)(OTC:BOSQF), PharmaCielo Ltd. (TSXV:PCLO)(OTC:PCLOF), and Khiron Life Sciences Corporation (TSXV:KHRN)(OTC:KHRNF), Aurora Cannabis Inc.(NYSE:ACB) (TO:ACB), and Charlotte’s Web Holdings Inc. (CN:CWEB)(OTC:CWBHF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced that it ships its first products to OMG Colombia, the subsidiary of Organic Medical Growth OMG3 Inc. in Latin America, based in Colombia, as part of a 5 year distribution deal for Yield Growth’s Urban Juve skin care line. Today, 1,800 products are being shipped, in partial fulfillment of OMG’s first product purchase order in anticipation of imminent completion of regulatory approval to sell Urban Juve products in Colombia and progressively in other parts of South America.
“We are excited to grow Urban Juve’s presence in South America as momentum for sales continues to grow in North America,” says Yield Growth CEO Penny White. “Through the efforts of our talented sales team we are currently arranging to send product orders to over 200 new retail locations in Canada for anticipated delivery in June 2020, and we continue to produce new inventory to meet sales demands internationally.”
OMG3 is in the process of distributing Urban Juve skin care products in Colombia and other countries of Latin America. Through its Colombian partner Ortix, OMG has access to a distribution channel of over 44,000 pharmacies in South America and has partnered with on-demand delivery giant, Rappi, to sell products through its e-commerce platform. Rappi was founded in Colombia in 2015 and has become the unicorn of the LATAM start up scene having just received $1 billion in venture capital funding from Softbank. Rappi is located in 55 cities across 7 LATAM countries including Brazil, Argentina, Chile, Colombia, Peru, Uruguay, and Mexico and plans to expand to 100 new cities by the end of 2019.
Other related developments from around the markets include:
PharmaCielo Ltd. (TSXV:PCLO)(OTC:PHCEF) announced that it is aware that a short seller report targeting PharmaCielo has been promoted this week. The Company believes that this report represents a malicious attempt to manipulate PharmaCielo’s common shares by spreading false, distorted and misleading statements about the Company. David Attard, CEO, commented, “I would encourage all of our shareholders to exercise caution in relying on the blatant misrepresentations contained within the short seller report in question. This report was written with the express intention of manipulating market opinion, to reward a select group of short sellers at the expense of all honest market participants. As a Company, we are right on track to achieve our objectives this year. We expect 2020 to be an important year for PharmaCielo, as we transition from building one of the most scalable cultivation, processing and extraction footprints in the global cannabis sector today to selling at commercial scale. We have made significant progress on the sales side since Q3-2019 and are in the process of ramping up production to fulfill the requirements of sales agreements signed in late-2019 and early-2020.”
Khiron Life Sciences Corporation (TSXV:KHRN)(OTC:KHRNF) announced that further to cultivation quotas announced on February 26, 2020, it has received manufacturing quotas from the Colombian Technical Quotas Group. These quotas authorize the Company to manufacture high-THC whole plant extract for both export and domestic purposes. "Receipt of these quotas, together with the previously disclosed cultivation quotas, moves us measurably closer to our priority of serving patient needs in Colombia, and further jurisdictions in Latin America. With our fast growing ILANS clinics and recently launched Zerenia clinic, we have a large and engaged patient network for chronic pain and nausea related conditions to immediately serve through medical cannabis." Comments Juan Diego Alvarez, Khiron Vice-President of Regulatory Affairs. Based on high-THC medical cannabis demand, the Company will be able to produce approximately an equivalent of 1,000,000 bottles of high-THC formulation for medical use domestically and abroad.
Aurora Cannabis Inc. (NYSE:ACB)(TO:ACB) announced today its financial and operational results for the second quarter of fiscal 2020 ended December 31, 2019. "Despite delivering modest growth in our core medical and consumer business in Q2, we took immediate and deliberate actions to align our Company to current market conditions," said Michael Singer, Executive Chairman and Interim CEO, Aurora Cannabis. "As announced last week, being a profitable cannabis company for our investors is the singular near-term focus for Aurora and we have begun to implement a business transformation plan where we intend to manage the business with a high degree of fiscal discipline."
Charlotte’s Web Holdings Inc. (CN:CWEB)(OTC:CWBHF) has completed the audit of its 2019 hemp harvest, the sole source of the Company's full spectrum extracts which are high in naturally occurring cannabidiol. The results of the 2019 harvest versus the 2018 are as follows: 245% increase in total dried biomass to 2.34 million lbs.; 22% increase in CBD potency; 10% increase in yield per acre; Estimated 36 thousand kg CBD harvested, with a 33% reduction per milligram of cost. "We are very pleased with the results of the 2019 harvest, achieving yield and potency levels that surpassed our expectations. This reflects the tremendous expertise we have gained in hemp cultivation over the last six years," said Deanie Elsner, CEO of Charlotte's Web. "More than half of our harvest was certified organic in 2019 with the remaining acres in transition. We are well on our way to becoming one of the largest providers of certified organic hemp CBD extract in the country."
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