BOSQF,...Major Retailers Racing to Meet Sizable Demand for CBD Products
Financialnewsmedia.com
May 09, 2019, 08:55 ET
PALM BEACH, Florida, May 9, 2019 /PRNewswire/ -- Nearly 7% of Americans use CBD, according to Cowen & Co. analysts. In fact, according to Cowen's January 2019 consumer survey of 2,500 adults, 6.9% of respondents are using CBD. "This initial response piqued our interest considerably, as it was much higher than we would have suspected," they said, as quoted by the Press Herald.
By 2025, Cowen & Co. analysts believe CBD use will grow to 10% of Americans, which implies a potential $16 billion market opportunity. Along the way, retailers have been quick to wake up to that very opportunity.
For example, Neiman Marcus will sell CBD. Simon Property Group is partnering with Green Growth Brands. CVS will now carry CBD products across the U.S. The Vitamin Shoppe just announced it will sell CBD products. In addition, Abercrombie & Fitch just partnered with Green Growth Brands to sell CBD body care products. Some of the top companies in the industry include The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Curaleaf Holdings Inc. (CSE:CURA) (OTC:CURLF), The Green Organic Dutchman (TSX:TGOD) (OTC:TGODF) and Charlotte's Web Holdings Inc. (CSE:CWEB) (OTC:CBWHF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp and its Urban Juve skincare and wellness subsidiary already established deeper and wider channels to market than expected within months of launching earlier this year. In fact, to date 109 retailer partnerships are confirmed and consumer sales are tracking well for products that are coming to define a new hemp-powered movement in skincare. At the same time, the company announces the launch of its essential channel to market: a new B2B and B2C website at urbanjuve.com.
"The retail market for unisex, Ayurveda, hemp skin care and wellness products is not only on trend, but it also reflects a health paradigm," says Penny Green Yield Growth President and CEO. "At the heart of all of our proprietary recipes is the root of cannabis sativa, a plant which is central to Ayurvedic tradition thanks to its well-established anti-inflammatory characteristics."For more information and additional news for BOSS, please visit: https://yieldgrowth.com/
https://www.prnewswire.com/news-releases/majo...46997.html
Financialnewsmedia.com
May 09, 2019, 08:55 ET
PALM BEACH, Florida, May 9, 2019 /PRNewswire/ -- Nearly 7% of Americans use CBD, according to Cowen & Co. analysts. In fact, according to Cowen's January 2019 consumer survey of 2,500 adults, 6.9% of respondents are using CBD. "This initial response piqued our interest considerably, as it was much higher than we would have suspected," they said, as quoted by the Press Herald.
By 2025, Cowen & Co. analysts believe CBD use will grow to 10% of Americans, which implies a potential $16 billion market opportunity. Along the way, retailers have been quick to wake up to that very opportunity.
For example, Neiman Marcus will sell CBD. Simon Property Group is partnering with Green Growth Brands. CVS will now carry CBD products across the U.S. The Vitamin Shoppe just announced it will sell CBD products. In addition, Abercrombie & Fitch just partnered with Green Growth Brands to sell CBD body care products. Some of the top companies in the industry include The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Curaleaf Holdings Inc. (CSE:CURA) (OTC:CURLF), The Green Organic Dutchman (TSX:TGOD) (OTC:TGODF) and Charlotte's Web Holdings Inc. (CSE:CWEB) (OTC:CBWHF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp and its Urban Juve skincare and wellness subsidiary already established deeper and wider channels to market than expected within months of launching earlier this year. In fact, to date 109 retailer partnerships are confirmed and consumer sales are tracking well for products that are coming to define a new hemp-powered movement in skincare. At the same time, the company announces the launch of its essential channel to market: a new B2B and B2C website at urbanjuve.com.
"The retail market for unisex, Ayurveda, hemp skin care and wellness products is not only on trend, but it also reflects a health paradigm," says Penny Green Yield Growth President and CEO. "At the heart of all of our proprietary recipes is the root of cannabis sativa, a plant which is central to Ayurvedic tradition thanks to its well-established anti-inflammatory characteristics."For more information and additional news for BOSS, please visit: https://yieldgrowth.com/
https://www.prnewswire.com/news-releases/majo...46997.html
