(MENAFN- Baystreet.ca) CBD has quickly become one of the most industry-disruptiveforces.Multi-billion-dollar industriesare already being uprooted by cannabis, including beverages, pharmaceuticals,tobacco, and the $4.2 trillion health and wellness industry, as the culturalrenaissance just gets underway. All thanks to growing acceptance followingCanada's October 2018 legalization, broad approval for its recreational andmedicinal use throughout the U.S., and corporate interest.One of the strongest areas of growth can alsobe found in CBD beauty products.Infact, analysts at Jefferies say the CBD beauty market alone could be worth$25billionover the next decade, and could account for up to 15% of theskincare market.Better, large companiesare entering the space, including Sephora, L'Oreal, Estee Lauder, and Unilever. That's opening a wide range of opportunity forcompanies including The YieldGrowth Corp. (CSE:BOSS) (OTC:BOSQF), CanopyGrowth Corporation (TO:WEED)(NYSE:CGC), High Tide Inc. (OTC:HITIF)(CSE:HITI), GreenGrowth Brands Inc. (CSE:GGB)(OTC:GGBXF), and Charlotte's Web Holdings Inc. (CN:CWEB)(OTC:CBWHF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS:The Yield Growth Corp.announced that its all-natural hemp skin care lineUrban Juve will be featured in the September 2019 issue of British Vogue whichgoes on sale August 2, 2019.UrbanJuve's Anti-aging Serum with Hemp Oil will be included in the print showcaseentitled 'Vogue's Beauty Highlights', which has been designed with theintention of promoting a range of hand-selected, premium beauty brands that mayyet be undiscovered by British Vogue's 1.1 million readers and industryinsiders.In support of the printcampaign Urban Juve will be featured in the September digital showcase, VogueRetail, which is a subsection on Vogue.co.uk. The digital showcase complements the print showcase and will enableUrban Juve to take advantage of a multi-platform campaign that reaches out toBritish Vogue's 3 million website users alongside its 1.1 million print readers.
"Being invitedto be included in Vogue's Beauty Highlights in British Vogue is evidence thatUrban Juve is developing a reputation as a quality skin care brand among theelite international beauty community," says Penny Green, Yield Growth CEO. "Oursignificant investment into market awareness for our extraordinary skin careproducts is paying off - we have signed a distribution deal for Greece and nowwe are in negotiations for distribution in South America, Asia and other partsof Europe. We intend to make Urban June the most widely recognized cannabisbeauty brand in the world."
Other cannabis-related developments from around the marketsinclude:
Canopy GrowthCorporation (NYSE:CGC)(TO:WEED) received a new license fromHealthCanadapermitting it to grow cannabis at an outdoor site in northernSaskatchewan. Hours after receiving the license, the first cannabis cuttingswere planted at a 7 million sq.ft. (160 acres) secure cultivation field in the province, one thatis patrolled by drones (kidding - no drones, promise.) The new license expandsCanopy Growth's diversified Canadian footprint and complements its existingindoor and greenhouse facilities to provide a leading balance of facilities toproduce low cost input materials for value-add products, while ensuring moresophisticated growing operations for in-demand flower products."Our team has outdoor,at-scale cannabis expertise gained from over a decadeof hemp farming experience, including Canopy's 4,000-acre hemp operationexecuted last year, the extract of which is bolstering our CBD supply for themedical and recreational markets," said Mark Zekulin, President andco-CEO, Canopy Growth. "At this stage in the summer planting season weview this as a pilot and ramp up project for outdoor cannabis cultivation,though the team will do everything it can to deliver low cost yields thisyear."
High Tide Inc. (OTC:HITIF)(CSE:HITI)just announced that theCannaCabana retail storeslocated at Unit #116, 5305 Magasin Avenue in the cityof Beaumont, a franchised store located at Unit #105, 330 10 Street NWin Calgary and at 5022 50 Street in Lacombe all receivedtheir first deliveries of cannabis products from Alberta Gaming, Liquor andCannabis and have begun selling recreational cannabis for adult use. The NewAlberta Stores bring the total number of Canna Cabana retail locationscurrently selling recreational cannabis to a total of 14 branded locationsacross Canada. High Tide expects its next 7 Canna Cabana locations and thefirst KushBar location to be licensed as retail cannabis stores by the end ofAugust, which will bring its total number to 22 locations across Canada,barring any changes to the current rate of licensing by AGLC. "Bringing theCanna Cabana experience to the communityof Kensington in Calgary and the citiesof Beaumont and Lacombe not only supports the expansion ofHigh Tide's retail segment but it also boosts the wholesale segment as theselocations feature our wide range of proprietary smoking accessories," said RajGrover, President and Chief Executive Officer of High Tide. "Our staff isexcited to sell recreational cannabis products at the New Alberta Stores and welook forward to continuing the rapid rate of growth that has taken Canna Cabanafrom 4 to 10 Alberta locations within a month," added Mr. Grover.
Green Growth BrandsInc. (CSE:GGB)(OTC:GGBXF) just announced that it has surpassed 50SeventhSense Botanical Therapyshops open in four months. The first Seventh Senseshop opening was announced mid-February, and, since that time, GGB hascontinued to roll out its Seventh Sense shops at a rapid pace. The Companyanticipates opening more than 200 such shops by the end of 2019.Seventh Sense shops retail high-qualitybotanical therapy CBD-infused personal care and beauty products at affordableprices. The product offering includes over 100 SKUs across bath, body, face,therapeutic, and sleep categories."Thisrapid rollout across the U.S. is truly unprecedented," said Peter Horvath, CEO ofGreen Growth Brands. "We expect to open over 200 shops this year and areconfident that we are building one of the largest and most valuabledistribution networks for CBD."
Charlotte's WebHoldings Inc. (CN:CWEB)(OTC:CBWHF) just unveiled its newest CBD productline -hempextract-infused CBD Gummies- made with whole-plant extract from its prizedhemp genetics and featuring synergistic functional ingredients to supportspecific health related functions including everyday stress, sleep, andrecovery from exercise or active lifestyles. Available in a variety of flavors, gummies are the latest addition tothe Company's expanding line of CBD hemp-extract products. "Gummies are avery popular edible format as a result of convenience and measurableconsumption," stated Kelsey Morrison, Associate Director of ProductDevelopment at Charlotte's Web. "This new delivery format from Charlotte'sWeb provides an easy bite-sized way to ingest full-spectrum hemp-extractCBD."
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