Why North America Continues to be
Largest Cannabis - CBD Infused Beverage Market
PALM BEACH, FL -- April 30, 2019 -- InvestorsHub NewsWire --
Financialnewsmedia.com News Commentary -- A recent research report
conducted by Zion Market Research stated that: "The Global
Cannabis Beverages Market Will Reach USD $4,464
Million By 2025". According to the report, the global cannabis
beverages market was valued at approximately USD 1,613
million in 2018 and is expected to generate around
USD $4,464 million by 2025, at a CAGR of around 15.6%
between 2019 and 2025. By region, North
America held the major share of the global market in 2018 and
is estimated to dominate over the forecast period as well. The
growing spending on cannabis beverages is expected to propel this
regional market. For instance, in 2016, about USD 180
millionwas expended on edible drinks and foods containing cannabis
in California. This market is mainly driven by new consumers
and companies invested in the wellness and healthcare sector that
want to offer smoke-free marijuana experience. According to the CDC
(Centers for Disease Control and Prevention), among the adults in
the U.S., the smoking rates reduced from 20.6% in 2009 to 16.8% in
2014. Moreover, the growing partnership and investments made by
various regional companies for the development of cannabis
beverages are likely to further propel the growth of this regional
market. Active Companies from around the market with
current developments this week include: Puration
Inc. (OTC:
PURA), HEXO
Corp. (NYSE: HEXO) (TSX:
HEXO), 1933 Industries Inc. (CSE: TGIF)
(OTC:
TGIFF), Kona Gold Solutions,
Inc. (OTC:
KGKG), New Age Beverages
Corporation (NASDAQ: NBEV).
Europe is anticipated to hold the second position in the
global cannabis beverages market in the future, owing to the rising
investment for cannabis beverages and growing awareness.
The Europe-based company, Coca-Cola, is diversifying into the
cannabis-infused beverages segment. The Asia
Pacific and the Middle
East and Africa regions are expected to show high
growth in the cannabis beverages market over the forecast time
period, owing to the increasing footprints of companies
in India, Australia, and South Africa for
cannabis beverages product development.
Puration, Inc. (OTCPK:
PURA) BREAKING NEWS:
Puration today announced its EVERx CBD Sports Water will debut
in Africa at the Arnold Sports Festival in Johannesburg,
South Africa May 17-19. EVERx was officially launched
for the first time ever at the Arnold Classic in Columbus,
Ohio in 2017, and now EVERx expands its presence at the Arnold
Sports Festival events worldwide. EVERx today is the
leading CBD infused sports nutrition beverage with over $1
million in sales. EVERx is now an official sponsor
of Jan Tana's Body Painting
Revolution featured globally at Arnold Sports Festival
venues worldwide and the EVERx booth can be found near Jan Tana's
Body Painting Revolution Stage in Johannesburg.
Jan Tana's Bodypainting Revolution, A colorful and artistic
event, returns to The Arnold in South Africa for the
second straight year in 2019 after a spectacular recent production
at the Arnold Classic Sports Festival in Columbus,
Ohio. This unique art exhibition and competition
will take place completely in public view as artists paint
models, taking more than six hours to complete in hopes to impress
the judges, captivate photographers and delight audiences
with breathtaking stage performances.
The Arnold Sport Festival hosts multi-sport festivals on
six-continents each year, including the Arnold Classic Africa,
which takes place in Johannesburg, Gauteng, each May. The
Arnold Sports Festival USA is held in Columbus,
Ohio in March, followed by events in Melbourne,
Australia, Brazil, Hong Kong and Spain. All
events feature professional bodybuilding and related contests,
amateur bodybuilding, strength and combat sports, a large health
and fitness expo and youth events that vary from continent to
continent.
"The Arnold Classic Worldwide brand is now the largest series of
multi-sport festivals in the world and we look forward to making
each of our Arnold Classic weekends better than our previous best,"
said James J. Lorimer, CEO of Classic Productions, Inc., who
co-founded the Arnold Classic in Columbus with Governor
Schwarzenegger.
Three years ago, four South African bodybuilding and sports
enthusiasts collaborated to make the Arnold Sports Festival a
reality on the African continent under the broad theme 'My Sport,
My Passion'. In partnership with the Gauteng Provincial Government
and the SA Sports Confederation and Olympic Committee (SASCOC),
Arnold Classic Africa affords athletes the opportunity to compete
in an international competition, against participants from all
continents, in Africa. Like its global counterparts, the
African rendition embraces numerous sporting codes and promotes
these through demonstrations, contests, record attempts and sports
celebrities over three days each
May. Read this and more news for
PURA at: http://www.financialnewsmedia.com/news-pura/
In the industry developments and happenings in the market
this week include:
HEXO Corp. (NYSE: HEXO) (TSX: HEXO) has entered
into an arm's length binding multi-year extraction services
agreement (the "Agreement") with Valens GroWorks Corp. for Valens
to provide cannabis and hemp extraction services to HEXO Corp
("HEXO") (HEXO.TO) (HEXO), a leading cannabis producer
and consumer packaged goods cannabis company.
The Agreement has an initial 2-year term from the date of the
first shipment, with HEXO supplying Valens with an annual minimum
of 30,000kg in the first year and 50,000kg in the second year of
cannabis and hemp biomass. Valens will process this material
on a fee for service basis into premium quality resins and
distillates using the Valen's leading proprietary extraction
processing methods. The Agreement contains provisions under which
it may be terminated with 90 days written notice after the one-year
anniversary. Valens expects to receive and begin processing the
first shipment from HEXO early in Q3 of 2019 and currently holds
all required licensing from Health Canada to carry out its
obligations under the Agreement.
1933 Industries Inc. (CSE: TGIF.CN)
(OTCQX: TGIFF) a
licensed cultivator and producer of cannabis flower and
concentrates and manufacturer of hemp-derived CBD wellness
products, recently provided an update regarding its new hemp
extraction facility in Las Vegas, Nevada.
The Company announces that it is progressing with plans to
launch one of Nevada's largest hemp extraction
facilities, become a major player in the booming CBD (cannabinoid)
industry and add a new significant revenue stream to its business
model. The Company, in collaboration with a leading engineering
firm, has completed an extensive research and development phase to
develop a customized design in order to provide for a larger, more
efficient and more robust hemp processing laboratory ("Hemp Lab")
than originally planned. The Hemp Lab has been designed in
line with the new regulations and recommendations set out by the
recently passed farm bill or Agricultural Improvement Act of 2018.
The Company plans to deploy a custom-built, ethanol extraction
system with full chromatography abilities to allow for isolation of
THC, CBD, CBN, CBG, CBC, and several other cannabinoids, including
the ability to produce full spectrum and broad spectrum oils, as
well as isolates. The equipment is currently being engineered to
meet required GMP standards.
Kona Gold Solutions, Inc. (OTCPK:
KGKG) a hemp and CBD lifestyle brand focused on product
development in the functional beverage sector, recently announced
that it has partnered with sixteen new distributors within the last
thirty days. These new distribution partners are located
in California, Idaho, Indiana, Kentucky, Louisiana, Minnesota, Nevada, New
Mexico, New
York, Oklahoma, Texas, Virginia, Washington,
and Wisconsin. With its Kona Gold Hemp Energy Drinks and
HighDrate CBD Energy Waters, the Company continues to grow its
market share in the hemp and CBD infused beverage sector by adding
new distribution partners, further solidifying itself as a leader
in its market. Kona Goldcurrently has distribution
partners in 24 states.
Kona Gold announced earlier this month it has begun
production of its new exciting flavors for both its Hemp Energy
Drink and CBD Energy Water product lines. These new Kona Gold
Hemp Energy Drink flavors include Bubble Gum and Candy Apple,
while the new HighDrate CBD Energy Waters include Sour Apple and
Blue Island Punch. All new flavors are expected to hit the
market by mid to late May.
New Age Beverages Corporation
(NASDAQ: NBEV)
the Colorado and Utah-based organic and natural
beverage company intending to become the world's leading healthy
beverages and lifestyles company, recently announced the global
launch of their CBD product portfolio, with the unveiling of their
line and shipment of their CBD creams, lotions, and oils to be sold
worldwide under its Health Sciences Division.
Jerry Haase, M.D., Chief Medical and Scientific Officer for the
New Age Health Sciences Division commented, "The Health Sciences
Division has worked exhaustively bringing all of our science,
patented formulas, insights and more than 10 years of study to
deliver superior clinical products to consumers. Our launch of CBD
leverages all of that differentiated expertise, and specific study
of cannabinoids over the past number of years for the benefit of
these new products." Shon Whitney, Senior Vice President of
Sales and Marketing at Morinda added, "The 'NHANCED CBD brand's
promise is simple, we will bring you the most researched, most
efficacious, and highest quality CBD products possible, that you
can trust. We will never compromise quality in sourcing,
processing, safety or ingredients to deliver a superior outcome in
the finest CBD products available worldwide."
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