Personal care products? You can go into any drug store in Canada - or get blind - and purchase CBD "personal care' CBD products. The market is absolutely saturated - 48North went broke because the margins were so low.
These products is what the CEO is going to introduce to save Hexo?
Not even a word on the US market? Infused beverages?
Maybr he's a realist as far as Hexo not t benefitting in any meaningful way from m those areas of the sector shorter term.
Will there be a sell off before close tonight? Gold arm day traders is all that's holding this baby down!
The company is currently known for its recreational brands UP Cannabis, Original Stash, 48North, Trail Mix, Bake Sale and Redecan, but Bowman thinks there is room for Hexo to establish itself in the personal care, pharmaceutical and nutritional supplement spaces.
While rivals in the ultracompetitive market push heavily into products with high tetrahydrocannabinol (THC), pot's psychoactive component, Bowman, who held senior jobs at extracts company BGG/Solix Algredients, sees potential in minor cannabinoids that could eventually help people with anxiety and a variety of illnesses.