Tuesday, 24 September 2019 05:51 GMT
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Europe's Explosive CBD Market Now on Course for 400% Growth




(MENAFN - Baystreet.ca) Demand for CBD is on the rise all over theworld.In Europe, for example, the market is on course to grow 400%over the next four years, according to theBrightfieldGroup ."CBD is just starting totake hold in Europe, with both product availability and consumer awarenessstill quite limited. This is a great opportunity for developed brands to enter andexpand through Europe with far less competition than we're seeing in theU.S." Globally, Piper Jaffray, forexample, believes the CBD market alone could be worth up to$100billion .In addition, according toArcview Market Research and BDS Analytics, global spending on cannabis couldreach$57 billionby 2027. Allas people around the world wake up to the health benefits of cannabis,including the treatment of insomnia, stress, anxiety, pain, and even chronicissues.That's creating sizable opportunity forcompanies such as TheYield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Canopy Growth Corporation(TO:WEED)(NYSE:CGC), OrganiGram Holdings Inc. (TSXV:OGI)(NASDAQ:OGI), Green Growth Brands Inc. (CSE:GGB)(OTC:GGBXF),and Aurora Cannabis Inc. (NYSE:ACB)(TO:ACB).

The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS:The Yield Growth Corp.just announced thatits subsidiary Urban Juve's Ultra-Hydrating Lip Balm with Hemp Oil has beensuccessfully registered in the EU. A Compliance Certificate has been issued byBiorius, who is acting as Urban Juve's Responsible Person in Europe.Urban Juve's Lip Balm with Hemp Oil is one ofthe skin care line's top selling products. In addition, the lip balm will be featured in the "Vogue BeautyHighlights" section of the October issue of UK Vogue to access an audience of4.1 million readers. "We are excited about the new design of ourUltra-Hydrating Lip Balm and can't wait to get it into the hands of hundreds ofthousands of consumers through sampling and sales," says Penny Green, CEO ofYield Growth and Urban Juve. "Through our engagement of top design agencies inNew York we are now planning a photo shoot and campaign to showcase the UrbanJuve products internationally this fall." With a total population over 508 million, the EU represents massivemarket potential for Urban Juve products.

Other cannabis-related developments from around the marketsinclude:

Canopy GrowthCorporation (TO:WEED)(NYSE:CGC) just announced itsfinancialresultsfor the first quarter ended June 30, 2019. In first quarter fiscal2020, Canopy Growth harvested 40,960 kg of product, surpassing its previousestimate of 34,000 kilograms. The Q1 harvest is the first full-scale harvestsince the retrofitting of its large-scale greenhouse facilities started incalendar 2018, and with a majority of the work completed at Mirabel, Delta, andAldergrove facilities, the Company is now shifting its focus to optimizingthese facilities for yield and cost. The Company believes these efforts willcontribute to both revenue growth and gross margin improvements in comingmonths. The recent Q1 harvest demonstrates the Company's ability to scaleproduction of ‘high-THC' strains of cannabis, representing over 70% of theharvest, which positions the Company to better meet the burgeoning demand forhigh-THC products in retail. The Company also saw a steady increase of recreationalretail sales which continues to be the primary channel for reaching newconsumers. "The Company has two primary objectives as we complete Q1 2020 andlook to the remainder of the fiscal year," said Mark Zekulin, CEO, CanopyGrowth. "First, the Company remains focused on laying the foundation fordominance in an emerging global opportunity. This means investments indeveloping intellectual property, building brands, building internationalreach, and ensuring scaled production capability for current and futureproducts. Second, we are fixated on the process of evolving from builders tooperators over the remainder of this fiscal year, meaning that as our expansionprogram comes to a close in Canada, and as new value-add products come tomarket in Canada, we demonstrate a sustainable, high margin, profitableCanadian business."

OrganiGram HoldingsInc. (TSXV:OGI)(NASDAQ:OGI) just announced itentered into an advance payment and purchase agreement with703454N.B. Inc.(carrying on business as 1812 Hemp) under which the Company willpre-fund hemp purchases to receive access to as much as 60,000 kilograms ofdried hemp flower to be harvested in calendar 2019 for extraction intocannabidiol isolate.  Organigram is already a party to a purchaseagreement entered into in January 2019 with 1812 Hemp, in which Organigram wasgranted a right of first refusal on 1812 Hemp's production of certain hempcultivars. Access to CBD-rich hemp flower is being facilitated through thePayment Agreement as the Company will advance funds to 1812 Hemp for theirpurchase of specialized large-scale hemp harvesting and processing equipment tomaximize crop yields, contribute to increased efficiency and improvepreservation of harvested cannabinoids. Purchase conditions for the dried hempflower continue to be governed by the January Purchase Agreement which securessupply and supports research and development on the genetic improvement of hempthrough traditional plant breeding methods.

Green Growth BrandsInc. (CSE:GGB)(OTC:GGBXF) just announced that it will open100th SeventhSense Botanical Therapymall-based shop. The first Seventh Sense shopopened in early February."This is a huge milestone for Green Growth Brands andSeventh Sense," said Peter Horvath, CEO of Green Growth Brands. "We believe wehave created the largest and most valuable network of brick and mortar CBDshops in the country." Seventh Sense shops retail high-quality botanicaltherapy CBD-infused personal care and beauty products at affordable prices. Theproduct offering includes over 100 SKUs across bath, body, face, therapeutic,and sleep categories.

Aurora Cannabis Inc. (NYSE:ACB)(TO:ACB) just announced that it has secured commitments from an expandedsyndicate of lenders led by the Bank of Montreal to amend and upsize its existing C$200 million secured creditfacility.The amended securedcredit facility will consist of an additional C$160 million allocatedbetween both term loans and a revolving credit facility, both of which willmature in August 2021. Closing of the credit facility is subject tocompletion of definitive documentation and satisfaction of conditions precedentcustomary for a financing of this nature. The credit facility will have a firstranking general security interest in the assets of Aurora. The Loans can berepaid without penalty at Aurora's discretion.  "The upsizing ofour credit facility to approximately C$360 million and the broadeningof the lending syndicate to include additional Schedule 1 Canadian Banks isfurther recognition that our best-in-class production facilities lead theindustry," said Glen Ibbott, CFO of Aurora.  "Access tothis non-dilutive capital is a core funding source the Company intends toutilize as it further executes on its strategic growth initiatives. In additionto cash being generated from operations, the Company also has access to otherunsecured debt alternatives, a number of equity investments, and has access toa C$514 million (US$400 million) At-The-Market equity program."

Legal Disclaimer / Except for the historical information presented herein, mattersdiscussed in this article contain forward-looking statements that are subjectto certain risks and uncertainties that could cause actual results to differmaterially from any future results, performance or achievements expressed orimplied by such statements. Winning Media which has a partnership withwww.MarijuanaStox.com is not registered with any financial or securitiesregulatory authority and does not provide nor claims to provide investmentadvice or recommendations to readers of this release. For making specific investment decisions, readers shouldseek their own advice. Winning Media, which has a partnership with www.MarijuanaStox.com, is only compensated for its services in the form ofcash-based compensation. Pursuant to an agreement between Winning Media(partners of MarijuanaStox.com) and The Yield Growth Corp, Winning Media hasbeen paid one hundred thousand dollars for advertising and marketing servicesfor The Yield Growth Corp. We own ZERO shares of The Yield Growth Corp. Pleaseclick herefor fulldisclaimer.

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Europe's Explosive CBD Market Now on Course for 400% Growth

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