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GPLPPLon Jun 02, 2017 6:02am
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Hempmed Property of Mym
Hempmed Property of Mymhttps://www.hempmarketwatch.com/company-profiles---hempmed--mym-nutraceuticals-.html Company Profiles - HempMed (MYM Nutraceuticals)
As part of our New Features section, we hope to give our readers a closer perspective into the Hemp and Cannabis industry by featuring new and upcoming companies. We will focus on giving you a snapshot of where that company is today and what they intend to do for future growth. This month’s inaugural Company Insight will look at HempMed (MYM Nutraceuticals).
Contact Information www.hempmed1.com / (647) 848 1390
Stock: MYM Nutraceuticals Inc.
CSE: MYM / OTC: MYMMF / FRA: OMY
COMPANY SNAPSHOT
The fast growing HempMed brand is expected to do sales in excess of $1,400,000 in the next 12 months. MYM has plans to build a new high-capacity production facility for HempMed that will increase its sales capacity to handle more than $10,000,000 per year. Further, MYM will open new markets and build an effective online retail strategy for the already popular HempMed brand.
MYM has plans to rebrand the entire line of products including upgrading manufacturing facilities for large-scale production capabilities. Online sales and marketing will be a major focus to accelerate worldwide expansion of CBD product sales. With the additional support both financially and professionally the Company believes the CBD product line will be one of its top performers. MYM has retained the senior staff and founder of HempMed on contract for a minimum of 3 years to drive success within the billion-dollar industry.
The CBD nutraceutical market is growing rapidly worldwide due to an explosion of consumer interest and impressive medical studies on the benefits of high quality hemp CBD products. A recent Forbes magazine article estimated that the CBD market will grow to $2.1 billion market by 2020 with $450 million of those sales coming from hemp-based sources. That’s a 700% increase from 2016.