SARASOTA, Fla., June 1, 2017 /PRNewswire/ -- International Consolidated Companies Inc., (OTC:INCC), has entered into a letter of intent to acquire CBD product developer BluDog Products LLC.
BluDog Products is strategically introducing a water soluble CBD oil superfood and energy drinks (with an extended release formulation) which are easily absorbed. Using a licensed, patented CBD delivery system BluDog's CBD products are an alternative over-the-counter therapeutic option to help relieve post-sports inﬂammation as well as promote relaxation and well-being. BluDog's CBD products interact naturally with the body's anti-inﬂammatory system without any known side eﬀects.
BDP is tapping into a multi-billion dollar market for eﬀective, non-addictive and non-opioid pain relief products that have no known side eﬀects. With the demand for pain solutions, many prescribed products have come under scrutiny. Prescription drug abuse is currently the nation's fastest growing drug addiction.*
According to the American Pain Society, pain is the most common symptom that causes people to seek medical care. The global market for pain management by revenue at manufacturers' sales levels is projected to grow from $33.6 billion in 2014 to nearly $34.8 billion in 2015, and $41.3 billion in 2020, with a compound annual growth rate (CAGR) of 3.2% between 2015 and 2020. U.S. sales account for approximately 48% of all of these sales. BDP is focusing on the over-the- counter segment of this market.**
Pain and inﬂammation are chronic issues that plague an active and aging population. Pain has been medicated the same way for 40 years using over-the- counter pain relief products or prescription opioids. This consumer category has very few alternative solutions, creating a tremendous opportunity for innovative, ethical, quality and eﬀective solutions.
BluDog has developed proprietary, innovative CBD products to fulﬁll the demand in the burgeoning pain relief market. There is a lack of eﬀective, non-addictive pain relief products creating a huge void and demand for safe innovative treatments which BluDog seeks to fill.
The competition in the water-soluble CBD category is very limited. There are only a few companies that sell water-soluble CBD and their product oﬀerings include only one or two items, which are liquid based. BluDog oﬀers a proprietary water-soluble CBD solution with an extended release formulation providing relief on a consistent level over time. BluDog intends to oﬀer a variety of ingestible and topical products, as well as a balm.
**The Global Market for Pain Management Drugs and Devices, September 2015;
International Consolidated Companies (INCC) was founded in 2002. INCC is focused on acquiring and growing businesses that offer innovation, quality, and cost-efficient Cannabis technologies.
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SOURCE International Consolidated Companies Inc.