The World’s Top CBD Companies are Announcing Plans for Sizable Growth

August 08, 2019 - By: Baystreet Staff


Global demand for CBD-based consumer products is skyrocketing thanks to the passage of the U.S. Farm Bill. In fact, we can see that as CBD products just begin to appear on major retailer shelves, including Walgreens, CVS, Urban Outfitters, American Eagle, Kroger, and Sephora. In addition, according to New Frontier Data, the CBD market will grow from a $390 million-dollar market in 2018, to a $1.3 billion market (or 3.3x) by 2022, representing a 27.2% 5-year CAGR. Better still, according to a May 2018 survey from Nielsen, consumers are quickly embracing CBD products, particularly when it comes to medicinal purposes. That’s opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Aphria Inc. (NYSE:APHA) (TO:APHA), Charlotte’s Web Holdings Inc. (CN:CWEB) (OTC:CWBHF), and Cronos Group Inc. (NASDAQ:CRON), and Aurora Cannabis Inc. (NYSE:ACB)(TO:ACB).

The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced second quarter investor highlights, including the fact it now has 130 retail locations across North America that carry Urban Juve products. The company also signed an agreement with Melorganics, which will act as the exclusive retail distributor and non-exclusive e-commerce distributor for Urban Juve products in Greece and Cyprus. In addition, Yield Growth signed a consumer marketing and sales alliance with ipsy, one of the world’s largest beauty subscription communities. Urban Juve products will be found in the company’s Glam Bag and are already available online on ipsy Shopper. The company also signed $1.8 million in licensing agreements.

Yield Growth also welcomed new Chief Operating Officer, Tamara Melck, who was most recently Aritzia’s Vice President, Corporate Operations and Executive Vice President, People & Culture. Melck has a proven track record for scaling businesses, and will provide invaluable expertise as Yield Growth continues to expand. In addition, the company added Jeff Smith as Chairman of the Advisory Board. As former Global Chief Transformation Officer and Group Chairman for Consumer North America for Johnson & Johnson (NYSE:JNJ), Jeff’s division represented more than 42% of global revenue, and over US$6.5 billion in annual revenue with mid-single digit growth rates.

Other cannabis-related developments from around the markets include:

Aphria Inc. (NYSE:APHA)(TO:APHA) announced the launch of its new social impact platform, Plant Positivity. Championing the incredible power that plants have in overall well-being and providing greater access to green spaces for communities, Plant Positivity will be a new component of Aphria’s existing Corporate Social Responsibility strategy, which will continue to deliver on the Company’s commitment to give back to both people and the planet. The platform will be brought to life through three interconnected pillars – Plant Education, Plant Access, and Plant Impact. In 2019, Plant Positivity is partnering with the national not-for-profit Evergreen to create six new garden spaces this summer – the Plant Positivity Gardens – at the national headquarters, Evergreen Brick Works in Toronto. Aphria’s investment will add more than 50 varieties of native plant species to the existing 8,000-square-metres of gardens across the site, a global showcase for sustainability and urban innovation that opened in 2010. Plans are also underway to develop a Plant Positivity Garden in Leamington, Ontario with a local community partner. “Finding ways to give back and fostering stronger, healthier communities everywhere Aphria operates is the core of who we are,” said Irwin D. Simon, Interim CEO, Aphria Inc. “Countless studies have shown that increased exposure to plants and green spaces contributes to overall well-being. Through our Plant Positivity Gardens at the Evergreen Brick Works, we hope to make a meaningful impact on people’s lives.”

Charlotte’s Web Holdings Inc. (CN:CWEB)(OTC:CWBHF) 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."

Cronos Group Inc. (NASDAQ:CRON) just announced that it has entered into a definitive agreement to acquire four of Redwood Holding Group, LLC’s operating subsidiaries. Redwood manufactures, markets and distributes hemp-derived cannabidiol (CBD) infused skincare and other consumer products online and through retail and hospitality partner channels in the United States under the brand, Lord Jones™. Redwood’s products use pure hemp oil that contains natural phytocannabinoids and terpenes found in the plant. Under the terms of the agreement, Cronos Group will acquire Redwood for approximately $300 million, net of Redwood’s estimated cash and debt and subject to a customary working capital adjustment as described in the agreement. $225 million of the total consideration (subject to the foregoing adjustments) will be paid in cash with the balance paid in newly issued Cronos Group common shares. Cronos Group will fund the cash portion of the transaction with cash on hand.

Aurora Cannabis Inc. (NYSE:ACB) just received Health Canada licenses for outdoor cultivation at two Canadian sites. The new sites in Quebec and British Columbia will be used for cultivation research to develop new technology, genetics and intellectual property in order to drive sustainable, high-quality outdoor production. Aurora purposefully chose the outdoor sites because they represent two different growing environments. The company will conduct research on cultivation techniques to further excel at growing cannabis in varying climate conditions and will examine approaches to environmentally sustainable cannabis agriculture. The newly-named Western facility will be called Aurora Valley and is a 207-acre operation in Westwold, British Columbia. The Eastern facility, a 21,000 square foot operation at the Aurora Eau facility in Lachute, is the first approved outdoor grow operation for cannabis in Quebec. Aurora Valley is expected to be planted shortly and Aurora Eau has already been planted.

The two sites are an extension of the scientific research Aurora will be conducting at its new Comox facility, which will be ready in the fall of 2019. The Comox facility consists of a 21,000 square foot indoor grow facility and a 10,500 square foot laboratory. This unique research centre will be home for Aurora's plant breeding team designed to create new cannabis cultivars with improved growing characteristics for both indoor and outdoor cultivation. "Aurora believes in innovative operations and intensive research and we're applying our approach to outdoor grown cannabis," said Aurora CEO Terry Booth. "Our team plans to use these areas to ensure we are able to consistently grow the high-quality cannabis Aurora has become known for around the world. We're proud to be a Canadian company and this is a further commitment to research and job creation in Canada."

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media, which has a partnership with www.MarijuanaStox.com, is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media (partners of MarijuanaStox.com) and The Yield Growth Corp, Winning Media has been paid one hundred thousand dollars for advertising and marketing services for The Yield Growth Corp. We own ZERO shares of The Yield Growth Corp. Please click here for full disclaimer.

Contact Information:
2818047972
ty@marijuanastox.com

News & Analysis