Global Legal Cannabis Market is Expected to Grow as Recreational Cannabis Value Rises
FinancialBuzz.com News Commentary
NEW YORK, October 31, 2018 /PRNewswire/ --
According to a research published by Grand View Research, the global legal cannabis market is anticipated to reach USD 146.4 Billion by the end of 2025. The legal cannabis market is segmented into medical and recreational. Furthermore, the medical cannabis segment accounted for about 80.3% of the revenue in 2016, owing to the increasing awareness of cannabis product's health benefits. The medical market itself is estimated to reach USD 100.03 Billion by 2025, while recreational cannabis is expected to grow at a faster rate as countries like Canada and the U.S. are moving towards legalization of cannabis for recreational use. American Premium Water Corporation (OTC: HIPH), Molson Coors Brewing Company (NYSE: TAP), HEXO Corp. (OTC: HYYDF), New Age Beverages Corporation (NASDAQ: NBEV), Organigram Holdings Inc. (OTC: OGRMF)
CBD is one of the active compounds in cannabis plants. It can be used for the treatment of various diseases. According to Technavio's market research, the cannabidiol (CBD) oil market is expected to reach a revenue of nearly USD 2.7 Billion by 2022. A senior analyst at Technavio for research on food said: "Factors such as growing E-commerce, along with the growing population of millennials is boosting the growth of the overall CBD oil industry. Studies show that E-commerce accounted for nearly 12% of the global retail trade in 2016."
American Premium Water Corporation (OTC: HIPH) earlier this week announced breaking news that, "it has entered into an agreement with Canna Nano (http://www.cannanano.com/ ) regarding a prestigious collaboration to produce nano-infused cannabidiol (CBD) water. The Company will begin selling this product through all its distribution channels. In addition, the Company is in advanced discussions with Canna Nano regarding a long-term partnership, including potential acquisition structures of Canna Nano by the Company.
'I am excited to announce this collaboration with Canna Nano. Their brand aligns with American Premium's LALPINA brand. This collaboration we have created opens doors for both companies and sets the stage to open many more together down the road. Canna Nano is a great brand, and I am excited to be working with Ed and his team as we begin launching marketing and co-branding opportunities for this product,' commented American Premium CEO Ryan Fishoff.
'We are really stoked to be working with LALPINA and American Premium Water. This "prestigious" collaboration aligns Canna Nano with the great lifestyle brand LALPINA. The brand (LALPINA) encapsulates many of the core principles of Canna Nano, and I am very proud of the collaboration we have created here. There are so many possibilities that we can accomplish working with the two brands. I am really excited about the exposure that will be created and lead to additional distribution. I see this as the first step in a longer-term partnership between the companies,' stated Ed Serafin, founder of Canna Nano.
Canna Nano is based in Huntington Beach, California. Currently, the company manufactures, markets and distributes a variety of cannabis and CBD-infused products under its Canna Nano label as well as other brands, including CBD-infused creams, pipes, vaporizers and other related devices. Canna Nano currently has distribution online and in eight states: Arizona, California, Georgia, Louisiana, Kansas, Maryland, Nevada and New Jersey.
'Canna Nano has a robust distribution network across the country, and it will complement the geographic focus markets American Premium is in the process of building out. This collaboration is just the first step in the Company's growth strategy, including the development of more CBD- and THC-infused beverages. This collaboration will not only generate revenue for the Company, but it will also streamline our fulfillment, optimizing for a high level of efficiency for our customers. Canna Nano will be an instrumental part of our strategy going forward from a distribution and acquisition perspective. In addition to the discussions I have previously mentioned, we have been in talks with them for many months about a long-term partnership, and I am optimistic a structure will be created that will benefit both companies for the long term. As things develop and progress, I look forward to providing updates to the Company's shareholders,' added Mr. Fishoff."
Molson Coors Brewing Company (NYSE: TAP) Canada is the Canadian business unit of Molson Coors Brewing Company. Recently, Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company and leading Canadian cannabis producer, The Hydropothecary Corporation, announced that they have entered into a definitive agreement to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization. "Canada is breaking new ground in the cannabis sector and, as one of the country's leading beverage companies, Molson Coors Canada has a unique opportunity to participate in this exciting and rapidly expanding consumer segment. This new venture is consistent with our growth strategy and our commitment to being First Choice for Consumers and Customers by ensuring that Canadians have access to high-quality products that meet their evolving drinking preferences," said Frederic Landtmeters, President and Chief Executive Officer of Molson Coors Canada. "While we remain a beer business at our core, we are excited to create a separate new venture with a trusted partner that will be a market leader in offering Canadian consumers new experiences with quality, reliable and consistent non-alcoholic, cannabis-infused beverages. We look forward to partnering with HEXO, a recognized leader in the medical cannabis space in Canada that will bring robust production capacity, a track record of innovation, and, most importantly, shared values when it comes to doing business the right way and earning the trust of consumers."
HEXO Corp. (OTC: HYYDF) creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market. Recently, Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company, and leading Canadian cannabis producer, The Hydropothecary Corporation, recently announced that they have entered into a definitive agreement to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization. "HEXO continues to lead the way for smoke-free cannabis innovation in Canada. We are excited about this partnership with Molson Coors Canada, an iconic leader in adult beverages, as we embark on the journey of building a brand new market. With this new company, we are bringing together Quebec's oldest, most established company with one of its newest success stories in a truly innovative partnership," said HEXO's Chief Executive Officer and Co-Founder Sebastien St-Louis. "As two leading companies who share a track record of excellent practices, as well as respect for law and regulations, HEXO and Molson Coors Canada have established a relationship built on trust, and together we will develop responsible, high-quality cannabis-infused beverages for the consumable cannabis market in Canada."
New Age Beverages Corporation (NASDAQ: NBEV) is a Colorado-based healthy functional beverage company that was created in 2016 and 2017 with the combination of Búcha Live Kombucha®, XingTea®, Coco-Libre®, and Marley®. New Age Beverages Corporation recently announced the debut of its portfolio of CBD-Infused beverages from its Health Sciences Division. New Age Health Sciences, a wholly-owned subsidiary of New Age Beverages Corporation that houses all of New Age's patents, cooperative research studies, and human trial information, debuted its portfolio of CBD-infused beverages in offsite meetings during the North American Convenience Store Show (NACS) held in Las Vegas on October 7th-10th, and held one-on-one meetings with major retailers and distribution partners on October 8th-10th. Some of the country's largest distributors and retailers also attended New Age's CBD launch event where they tasted the company's range of CBD-infused sparkling waters and CBD-infused relaxation teas, and received brand and product overviews, pricing, and pre-order information. Michael Cunningham, Senior Vice President of Sales for New Age commented, "The demand and interest for these products is unlike I have ever seen in my career. Customers loved the taste of New Age's CBD-infused products and many of them committed to bring in the products for sale. We invested the time and resources to get the taste and efficacy perfect on these CBD products. Retailer and distributor partner enthusiasm confirms that we got it right. Everyone knows about the full suite of New Age brands and their potential relevance in the CBD space. We intend to provide a full portfolio of offerings in this emerging growth segment, and expect the range of choices for retailers, distributors and consumers best position New Age to be the leader and authority in the sector."
Organigram Holdings Inc. (OTCQX: OGRMF) is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram Holdings Inc. recently announced that is has closed the previously-announced private placement investment in Eviana Health Corporation. Organigram along with an institutional strategic investor each participated 50% in a USD 10 Million debenture offering by Eviana. "In Organigram we have a strategic ally that will join us as we continue to capitalize on the international CBD market into the future. We have also strengthened our balance sheet as we scale up our production operation and fund our ambitious future growth plans in the international CBD market," stated Avram Adizes, Chief Executive Officer of the Eviana.
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For American premium water corporation, financial and corporate news dissemination, FinancialBuzz.com has been compensated four thousand dollars by meridian ventures. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com .
Media Contact:
[email protected]
Tel : +1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com
Share this article