THCZ +24.77% 0.1335
FDA Approvals & Expanded Distribution: The Bigger Picture For Supplementation
Accesswire
March 24, 2015 6:00 PM
CORAL GABLES, FL / ACCESSWIRE / March 24, 2015 / Think about this for a minute: For every day for the next 15 years, 10,000 baby boomers will reach age 65. The aging of this huge group of Americans will essentially change the composition of the country. Buying behaviors and public opinion will most likely weigh heavier as this generation grows. Currently, health and wellness have become a big focus for both consumers and companies with the goal of meeting needs as well as overall demands of a shifting demographic. For companies like Axxess Pharma (AXXE), Totally Hemp Crazy, Inc. (THCZ), and Electronics Cigarettes International Group (ECIG).
In fact, when it comes to supplement companies, Axxess Pharma has seen significant progress this year. Earlier this month, the Company reported that it had been granted approval by the US Food and Drug Administration (FDA) to sell their high potency Omega-3 fish oil, Muscle Growth, Muscle Recovery supplements and Turbo Blend Protein Powders. This not only gives the company the ability to up its distribution into large "Big Box" stores, but it will also allow Axxess to enter into additional markets on a global level. In recent press, the company listed "Mexico and other foreign jurisdictions" in consideration of this international expansion.
Based on these latest developments, the Company is anticipating year over year sales from March 2015 to March 2016 of $2.5 million.
Dr. Daniel Bagi, President of Axxess Pharma, Inc. stated: "We are very excited to receive FDA approval to sell our latest line of all-natural TapouT supplements and protein powders within the US. Our all-natural products will be sold under the globally recognized name TapouT, and will have the words 'FDA Approved' on every label. Our unique high potency Omega-3 fish oil supplements are anticipated to be one of our top sellers both in the US and internationally."
Furthermore, when it comes to being physically fit, the new wave of transition in the tobacco/nicotine space has begun to take more of a mass appeal after being considered a "healthier alternative". Electronics Cigarettes International (ECIG) has played its part in the new wave of "smokeless" smoking. The Company has developed several products to further expand upon the user experience through its development of brands like FIN, Vapestick, Victory, VIP, and others. Monday the company announced the effectiveness of a 1:15 reverse stock split. So far today the stock has seen consolidation off the open and is finding a potential market around $1.60 between 10:30-11:00AM EST.
Finally, when it comes to health and wellness, there's no more popular subject right now than marijuana and cannabis. In fact when it comes to baby boomers as mentioned above, many in this generation are taking a strong liking to the newest legalization efforts made by several states. According to recent data from the Substance Abuse and Mental Health Services Administration, marijuana use has increased among individuals over the age of 50 in the past decade. In 2012, 8% of those aged 50-54 said they'd used marijuana in the past year, nearly double the percentage from 2002. Users aged 55-59 more than quadrupled, from 1.6% in 2002 to 7.4 percent in 2012. Among people 60-64, use nearly doubled, from 2.4% to 4.4% in the same period. Totally Hemp Crazy Inc. (THCZ) offers hemp infused beverages conveniently branded to appeal to those looking to benefit from the effects of the hemp plant. Earlier today the Company announced that the first product shipment to arrive at the Tennessee AMAZON.com regional facility sold out in a three-hour period. Additional product has arrived in the Pennsylvania and California facility and is now available for purchase. The Company will prepare a second shipment to the Tennessee location this week. Since ramping up in 2015, the stock price for Totally Hemp Crazy has skyrocketed to highs of $0.098 which is up over 340% from nearly a year ago today.
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