Three Cannabis Companies Taking Advantage of the CBD-CPG Trend

VANCOUVER, BC / ACCESSWIRE / April 3, 2019 / Wall Street is seeing green.

All as CBD becomes a major ingredient in consumer-packaged goods.

"Hemp-derived CBD has been touted in several medical studies as having a myriad of health benefits ranging from treating psoriasis, atopic dermatitis and eczema to minimizing seizures, stress, and insomnia," says Forbes.

But this is just the tip of the iceberg - there is a global opportunity for hemp-derived CBD that cannot be ignored. The stage is being set for an incredible rally in 2019.

Top companies to watch, as the marijuana market explodes include Weekend Unlimited Inc. (CSE:POT)(OTC:WKULF), Cronos Group Inc. (NASDAQ:CRON), and Canopy Growth Corporation (NYSE:CGC)(TO:WEED).

Weekend Unlimited Inc. (POT)(WKULF) just announced that pursuant to its distribution deal with Infinity One LLC, its Canna Candys brand has begun shipping its initial order to launch the brand in the Northeast USA, to be followed by the Midwest and Southeast.

Following Weekend's Consumer Packaged Goods strategy, Infinity One LLC, will focus on sales through supermarket chains, pharmacies and convenience stores. The agreement with Infinity One LLC to distribute Canna Candys products starts with an initial launch of 1 million gummies with additional SKUs to follow.

"This is a significant step for our Company, our production team has done a terrific job and we are thrilled with the product taste, effectiveness and packaging," said Mr. Paul Chu, Weekend Unlimited President and CEO. "The Canna Candys brand, using Hemp Oil extract, will establish a presence for our products in multiple retail locations, a presence that we will build upon to establish consumer recognition and trust in multiple markets to pave the way for additional product rollouts in the near future."

For More Information on Weekend Unlimited Inc., Click Here.

Cronos Group Inc. (NASDAQ:CRON) has been attracting a good amount of interest as well.

Cronos has been running after announcing a supply agreement with the Ontario Cannabis Store, the sole online retail outlet for recreational marijuana in Ontario. In addition, according to Forbes, "While annualized capacity stood at just about 6,650 kilograms as of Q3, the company is in the process of adding about 110,000 kilograms of capacity in the near term."

For More Information on Cronos Group Inc., Click Here.

Canopy Growth (CGC)(WEED) is attracting interest a good deal of interest, as well. Canopy Growth began adding strategic hemp assets to its portfolio in 2016 focusing on consumer-packaged goods. Recognizing the market potential for hemp and future CBD products, Canopy Growth began investing in field-scale operations in late 2017. Recently, the company was granted a license by New York State to process and produce hemp.

"We do believe the long-term growth opportunities are significant - both from transitioning illicit trade to legal sales, medical sales, and from transitioning sales in health & wellness categories to CBD-infused products," analysts noted, as quoted by CNBC. "Medical cannabis can replace a variety of products (e.g. pain relief, sleep aid, opioid replacement). CBD-infused products (with non-psychoactive properties) could gain share from food, beverage, and personal care categories."

For More Information on Canopy Growth Corporation, Click Here.

Legal Disclaimer / Nothing in this article should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this article is not provided to any individual with a view toward their individual circumstances. Baystreet.ca has been paid a fee of four thousand dollars for Weekend Unlimited Inc. advertising. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

CONTACT:

Aaron Bodnar
aaron@baystreet.ca

SOURCE: Baystreet.ca Media Corp.

View source version on accesswire.com:
https://www.accesswire.com/540954/Three-Cannabis-Companies-Taking-Advantage-of-the-CBD-CPG-Trend