Sacramento, CA, Jan. 31, 2018 (GLOBE NEWSWIRE) -- A new report has been published on Canbiola, Inc. (OTCPINK: CANB). Canbiola is
a Hicksville, New York-based company that is engaged within the sale and distribution of premium hemp-based cannabidiol (CBD)
consumer products. Products available include: oils, lotions, creams, gels, moisturizers, vapes, chews, isolates, gel caps,
concentrates, and more. Canbiola, Inc. stands apart from other CBD producers in that it utilizes state-of-the-art nanotechnology to
break down the CBD molecule sizes to 30-60 nanometers, using ultrasonic sound waves. This process allows for high bioavailability
of active ingredients.
The report provides an overview of Canbiola, Inc., its CBD operations, financials, industry analysis, and more. The content also
covers the outlook of the global hemp-based CBD market.
Brightfield Group: Hemp CBD Market Worth $1 Billion By 2020
Public opinion continues to shift in favor of cannabis legalization and decriminalization. However, not everyone wants to
utilize cannabis in order to get “high,” as associated with the tetrahydrocannabinol (THC) compound found in marijuana. CBDs
provide the opportunity for consumers to benefit from the medicinal properties of cannabis without becoming intoxicated. As more US
states have legalized recreational cannabis, CBDs have seen their popularity surge in recent years.
According to the market research firm, Brightfield Group, the hemp CBD market is forecast to be worth $1 billion by 2020, which
represents a compound annual growth rate (CAGR) of 55% between 2017 and 2020. The market research firm sees the growth in CBDs
being fueled by the fact that hemp-derived CBDs are legal in all 50 states and the fact that it has remained “under the radar” of
the regulatory uncertainty surrounding the emerging cannabis industry.
Canbiola Sees Massive Sales Growth During Fourth Quarter 2017
After successfully transitioning from a software & technology company to the cannabis industry in 2017, Canbiola is prepared for
big results in its first full year focused on CBD business. In a press release from early January 2018, Canbiola issued a shareholder update and review of
2017. The company announced that it has effectively built out its Medical Advisory Board with five highly-qualified medical
professionals.
The premium CBD company also announced in the press release that it saw explosive product sales growth during the fourth
quarter. “We will report our 4th Quarter and full year (2017) results of operations in our 2017 annual report, but can announce
today that product sales (unaudited) for the 4th quarter exceeded the combined product sales (unaudited) for the 3 preceding
quarters of 2017.”
Canbiola, Inc. (OTC Pink: CANB) established a manufacturing agreement with a third-party manufacturer during the third quarter
2017. The agreement includes a 10-year option to purchase the manufacturing facility from the third party.
The manufacturing agreement will allow the company to directly manufacture its products (at manufacturers’ cost) and white-label
other product with no worry of up-front fees. This essentially makes Canbiola self-sufficient and no longer at the mercy of outside
manufacturers. Not to mention, this will allow the company to see a major improvement on its operating margins.
As a result of streamlining its supply chain and manufacturing process, Canbiola recently announced that it is passing the savings onto its customers by cutting product prices by
nearly 30% across the board.
Overall, Canbiola, Inc. is a unique CBD company that utilizes proprietary technologies to create a product with high
bioavailability of the active ingredients. Furthermore, they are one of the few CBD companies that actually tests their products to
ensure quality and a balanced product. Canbiola, Inc. utilizes Dragon Analytical Labs for its product testing needs. As Canbiola, Inc. closed out 2017
with massive sales growth, the company stands prepared for strong results in 2018.
For more information on Canbiola, Inc., please visit https://canbiola.com and http://spotlightgrowth.com/index.php/2018/01/30/canbiola-inc-otc-pink-canb-overlooked-unique-cbd-company-high-sales-growth/
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