LAS VEGAS, April 4, 2018 /PRNewswire/ --
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Cannabinoid (CBD) hemp oil is a natural botanical concentrate that is high in the compound cannabinoid. Cannabinoid is a non-psychoactive substance found in cannabis plant along with 85 other substances. It provides relaxation without intoxicating effects when compared to tetrahydrocannabinol (THC). CBD hemp oil is prepared using low concentrations of THC hemp as compared to medical marijuana which is prepared from plants with much higher concentrations of THC. Cannabinoid hemp oil is extracted using a special extraction process designed for high yielding concentration of cannabinoid hemp oil, containing nutritious material such as terpenes, vitamins, omega-3 fatty acids, amino acids, and others. Mentioned in today's commentary include: NightFood Holdings, Inc. (OTC: NGTF), GW Pharmaceuticals plc (NASDAQ: GWPH), INSYS Therapeutics, Inc. (NASDAQ: INSY), Terra Tech Corp. (OTC: TRTCD) (OTC: TRTC), and General Cannabis Corp. (OTC: CANN).
Evidence has also shown that cannabinoid hemp oil helps reduce pain, insomnia, mood swings, and anxiety levels in individuals with addiction. It helps individuals to quit smoking, by reducing craving for nicotine. Studies have also shown that CBD hemp oil helps in reducing drug withdrawal symptoms among individuals who are addicted to the use of opioids. Increasing research on the effects of cannabinoid hemp oil is anticipated to pave the way for treatment of neurological disorders such as epilepsy, neurodegeneration, schizophrenia, and others. According to reports published by the British Journal of Clinical Pharmacology, cannabinoid helps in blocking cancer cells from spreading across the body and may help in cancer treatment. Due to the lack of FDA regulation for cannabinoid products, individuals should seek advice from a medical professional before using.
Surge in demand due to anti-inflammatory properties, higher adoption rate of CBD oil in drug withdrawal, rise in awareness about the health benefits of cannabinoid hemp oil, advancements in cultivation process, and increase in influence of online retailing are anticipated to drive the global CBD Hemp Oil Market during the forecast period.
Some public companies purveying CBD products include: NightFood Holdings, Inc. (OTC: NGTF), GW Pharmaceuticals plc (NASDAQ: GWPH), INSYS Therapeutics, Inc. (NASDAQ: INSY), Terra Tech Corp. (OTCQX: TRTCD), and General Cannabis Corp. (OTCQB: CANN).
NightFood Holdings, Inc. (OTC: NGTF)
Market Cap: $10.51M, current share price: $.275
NightFood Holdings, Inc. (NGTF), a brand development company pioneering the projected billion dollar nighttime nutrition category, and developing unique products in the marijuana/cannabis/cbd related snack space, today announced that Global Investigative Services (GIS) has been retained by the Company in response to recent suspicious trading activities related to Company common stock.
In recent sessions, Company management has identified a pattern of trading that raises strong suspicion that one or more market makers is possibly engaging in "naked shorting" and illegal market manipulation. Typically, an individual or entity involved in naked shorting will profit by illegally driving down a company's stock price while enticing unsophisticated investors to sell their shares so they may further increase their own profit. This type of market manipulation is done at the expense of both the shareholder base and the Company, which is why it is illegal.
GW Pharmaceuticals plc (NASDAQ: GWPH)
Market Cap: $3.11 B, current share price: $110.49
GW Pharmaceuticals plc, a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, along with its U.S. subsidiary Greenwich Biosciences, today announced receipt of Notices of Allowance for five new Epidiolex® patent applications that will be listed in the Approved Drug Products with Therapeutic Equivalence Evaluations (commonly known as the Orange Book) if the NDA for Epidiolex is approved. Once issued, these patents are set to expire in 2035. One or more patents may be eligible for additional patent term through patent term adjustment and/or regulatory exclusivities.
INSYS Therapeutics, Inc. (NASDAQ: INSY)
Market Cap: $461.02M, current share price: $6.25
INSYS Therapeutics, Inc., a leader in the development, manufacture and commercialization of pharmaceutical cannabinoids and spray technology, today announced the appointment of Trudy Vanhove as a new independent member of its Board of Directors. Given her extensive experience in clinical development and medical affairs, Dr. Vanhove will also serve on the Board's R&D committee.
Terra Tech Corp. (OTCQX: TRTCD)
Market Cap: $259.38M, current share price: $.27
Terra Tech Corp., a vertically integrated cannabis-focused agriculture company, recently announced its financial results for the year ended December 31, 2017.
Derek Peterson, Chief Executive Officer of Terra Tech, commented on the achievements from the year, "The rapid growth of the legal cannabis market, coupled with our aggressive expansion strategy, has led to Terra Tech's emergence as a pre-eminent retail and wholesale cannabis company in the United States. Our strategy to establish our Blüm™ and IVXX™ brands as premium cannabis experiences in targeted states set the foundation for the Company to quickly expand into the adult use market when Nevada welcomed legalization in July, 2017, followed by California in January, 2018. These regulatory milestones significantly expanded our addressable market and transformed the Company's potential growth path.
General Cannabis Corp. (OTCQB: CANN)
Market Cap: $81.14M, current share price: $2.29
CANN, the comprehensive national resource to the regulated cannabis industry, recently announced financial results for the year ended December 31, 2017. "Along with growth through acquisitions, we are also focused on organic growth and driving each segment to profitability," said Joe Hodas, Chief Operating Officer of General Cannabis. "I have spent extensive time with each of our segment leaders, diving into staffing models, revenue projections and challenges. With initial analyses in hand and the existing General Cannabis infrastructure, I believe we can capitalize on new lines of business, cross-sale opportunities between segments, and operating efficiencies. I am eager to work with the great team in place here at General Cannabis to drive strong top line and bottom line results."
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