Cannabidiol (CBD) Growth Momentum Continues to Climb as Latest Products Infiltrate Mainstream Markets

PALM BEACH, Florida, September 6, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Recent data extracted by Technavio estimates the global CBD market will grow at a CAGR of 31% through 2022, continuing the industry's trend as one of the more consistent sectors in the area of growth. As of 2017, the market was valued north of $200 billion with a significant portion of the growth due in large part to increasing adoption among mainstream consumers. Other significant factors influencing the growth include product diversification by industry leaders, as well as a turn of the tide in the realm of regulation and legalization. An extract of Cannabis, CBD has proven its versatility for a wide variety of uses and there is no denying its enormous popularity that has emerged in a short period of time. Active cannabis companies in the markets this week include Integrated Cannabis Company, Inc. (CSE:ICAN) (OTC:ICNAF), Valens GroWorks Corp. (CSE:VGW), Namaste Technologies Inc. (OTC:NXTTF) (TSX-V:N), Golden Leaf Holdings Ltd. (CSE:GLH) (OTC:GLDFF), Centric Health Corporation (TSX:CHH) (OTC:CHHHF).

Integrated Cannabis Company, Inc. (CSE:ICAN) (OTCQB:ICNAF) BREAKING NEWS:Integrated Cannabis Company is pleased to provide a corporate update. Commercial Stage Products: X-SPRAYS™ - The Company's X-SPRAYS™ product line consists of eight market ready orally ingested spray products that are highly effective for overall health and well-being as well as general lifestyle. Four products are available infused with hemp-based cannabidiol (CBD) and four products are formulated without a cannabidiol (CBD) infusion. The state of the art formulations are free from artificial flavours, artificial colours, sugar, starch, wheat, soy, gluten, eggs, salt and dairy. The sprays contain natural fruit and/or herbal flavours and are suitable for vegetarians and vegans. The products are highly bioavailable such that the active ingredients in the sprays are already fully dissolved, so the vitamins and minerals do not need to be further broken down once swallowed, but are immediately available for use by the body.  

The X-SPRAYS™ product line is packaged in precise, metered dose and convenient spray tubes including a child-resistant version, both of which easily fit into a purse or pocket and are ideal for travel.  The container protects the liquid from light and air, ensuring the quality and shelf life of the ingredients. The full product offering is listed below in Table 1.0.