PALM BEACH, Florida, Feb. 7, 2019 /CNW/ -- In the horse race to
revenues, it seems that CBD infused products market may outpace the cannabis market, with the passage of the 2018 Farm Bill
kicking it ahead across the finish line! A report from a cannabis industry analyst, as reported in The Rolling Stone magazine,
says: "For years, experts have predicted that if the cannabis industry expands at its current rate, the American market
will reach $20 billion by 2020. But it turns out that one market is spinning off into a
mega-industry of its own: according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone
could hit $22 billion by 2022." In fact the Rolling Stone sub-headline sums it up the reason why:
"Looking forward to relaxed hemp regulations, a new analysis estimates that the CBD market could explode — and outpace
marijuana.". Previously, CBD products have been available mostly in head shops, with a few doctors recommending it for
various maladies. But in 2017 and 2018, the products spread to natural food stores, beauty aisles, cafés and doctors offices. So
far the industry is on track to hit $591 million in 2018, and thanks to a number of factors
— including, surprisingly, Senate Majority Leader Mitch McConnell — that could increase 40
times in the next four years." Active companies in the markets this week include The Yield Growth Corp. (CSE: BOSS)
(OTC: BOSQF), Aphria Inc. (NYSE: APHA) (TSX: APHA), Harvest Health & Recreation Inc. (CSE: HARV) (OTC: HTHHF), 1933
Industries Inc. (CSE: TGIF) (OTC: TGIFF), MedMen Enterprises Inc. (CSE: MMEN) (OTC: MMNFF).
"According to the (Brightfield's) projections, there would be increases in just about every sector that sells CBD — from
dispensaries to smoke shops to medical companies. But perhaps the biggest push, according to Gomez, would be from big-box
retailers and national chains who have been eager to get in on the lifestyle craze but have felt stifled by the (older
)regulations (that have been replaced by the passage of The 2018 Farm Bill."
The Yield Growth Corp. (CSE: BOSS) (OTCPK: BOSQF) BREAKING NEWS: Yield Growth Corp is pleased to announced
that its e-commerce platform will now sell its Urban Juve cannabis Sativa hemp root oil-based
products in the United States thanks to the adoption of the 2017 U.S. Farm Bill.
Urban Juve products are now available for sale in the U.S. via the site www.urbanjuve.com. In addition, the company has plans to sell its
products through U.S. retailers such as pharmacies, naturopaths, clinics, salons, spas, wellness and beauty stores.
"U.S. distribution is a cornerstone of our sales strategy for all our brands. Already we have a deal in place to sell our THC
and CBD infused products through a 400 retail distribution network in Oregon, and now we have
launched U.S. e-commerce sales for our Urban Juve products," says Yield Growth CEO Penny Green, "Our next step is to set up sales agents in California to access
the world's largest cannabis market." Read this and more news for The Yield Growth Corp. at:
https://www.financialnewsmedia.com/news-boss
Other recent developments and major influences in the healthcare/biotech industry include:
Aphria Inc. (NYSE: APHA) (TSX:APHA) yesterday the company announced that its Board of Directors (the "Board") has
rejected the hostile bid by Green Growth Brands Inc. to acquire all of the outstanding common shares of the Company ("Common
Shares") including any Common Shares that may become issued and outstanding after January 22, 2019, but prior to the expiry
of the hostile bid upon the exercise, conversion or exchange of options, warrants, debentures or other securities of the Company
exercisable or convertible into Common Shares, other than Common Shares owned by GGB or its affiliates, in exchange for 1.5714
shares of GGB (the "Hostile Bid"). Based on the 20-day volume-weighted average price of GGB shares immediately before
GGB's announcement of an intention to acquire the Common Shares of the Company, the Hostile Bid reflects a 23%
discount to the Company's share price over the same period. The Board made its recommendation after careful consideration
and receipt of the recommendation of a committee of its independent directors (the "Independent Committee"), who were advised by
financial and legal advisors.
Harvest Health & Recreation Inc. (CSE: HARV.CN) (OTCQX: HTHHF) (In an earlier release, the OTC symbol was
incorrectly listed as HRVOF, the correct symbol is HTHHF), a vertically integrated public cannabis company with one of
the largest footprints in the U.S., recently announced that is has qualified for, and is trading on, the OTCQX Best Market.
Harvest Health & Recreation (Harvest) upgraded to the higher visibility OTCQX Best Market and is trading under the symbol
"HTHHF." "Trading on the OTCQX Best Market is an important milestone for Harvest," said Harvest CEO Steve White. "Trading on OTCQX provides us with better investor visibility and more opportunities for our
global investors. We look forward to using the OTCQX to continue penetrating into competitive markets and connect with a more
diverse network of potential investors."
1933 Industries Inc. (CSE: TGIF.CN) (OTCQX: TGIFF) yesterday announced that construction on its new cultivation
facility in Las Vegas is nearing completion and awaiting electrical meter
installation. The new facility will house the Company's subsidiary, Alternative Medicine Association's ("AMA")
indoor cannabis cultivation. AMA is one of Nevada's largest wholesalers of cannabis
products, including branded flower, wholesale distillate for vape products, and a broad range of concentrates with distribution
channels in place throughout Nevada. The purpose-built 67,750 sq. ft. cultivation facility has been developed as a
two-story building on 1.39 acres and zoned M-1 (Light Manufacturing) by the Clark County Zoning Department. The structure
includes a sophisticated, fully automated irrigation and fertigation system (delivering precise concentrations and ratios of
nutrients to each plant), a system of small vegetation/cultivation rooms for better crop management, packaging areas, supporting
offices, vault, climate controlled rooms to cater to each phase of plant production, and other work areas.
MedMen Enterprises Inc. (CSE: MMEN.CN) (OTCQX: MMNFF) recently the company reported that it plans to release its
financial results for the second quarter fiscal 2019, which ended on December 29, 2018, after
market close on February 27, 2019. Following the release of these financial results, MedMen
Enterprises will host a conference call and audio webcast with Chief Executive Officer and Co-Founder, Adam Bierman and Chief Financial Officer, Michael Kramer at 5:00 PM Eastern the same day to discuss in further detail.
Webcast Information:
A live audio webcast of the call will be available on the Events and Presentations section of MedMen's website
at: https://investors.medmen.com/events-and-presentations/default.aspx and will be archived for replay.
Calling Information:
Toll Free Dial-In Number: (844) 559-7829
International Dial-In Number: (647) 689-5387
Conference ID: 9283806
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a
third party publisher and news dissemination service provider, which disseminates electronic information through multiple online
media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated
companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment
licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate
profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended
to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly
urged to perform research and due diligence on their own and consult a licensed financial professional before considering any
level of investing in stocks. All material included herein is republished content and details which were previously
disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or
subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in
stocks. For current services performed FNM has been compensated forty nine hundred dollars
for news coverage of the current press releases issued by The Yield Growth Corp. by a non-affiliated third party. FNM HOLDS
NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned",
"will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual
report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should
consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such
statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to
update such statements.
Contact Information:
Media Contact email: editor@financialnewsmedia.com - +1(561)325-8757
View original content:http://www.prnewswire.com/news-releases/correction--cbd-market-could-outpace-entire-marijuana-market-300791925.html
SOURCE Financialnewsmedia.com
View original content: http://www.newswire.ca/en/releases/archive/February2019/07/c3294.html