Cannabidiol (CBD) Growth Momentum Continues to Climb as Latest Products Infiltrate Mainstream Markets - Seite 2

   
     Product Name  Product Description / Use
         CBD       Stress relief, pain management
    Sleep with CBD Sleep aid, non habit forming
        Focus      Mental clarity
        Relief     General relief
        Sleep      Sleep aid, non-habit forming
       Recover     Anti-hangover
        Energy     Energy boost
        Libido     Aphrodisiac, enhance sexual vitality

X-SPRAYS™ Test Marketing - Online sales of the X-SPRAYS™ were initiated in late 2017 and have continued up to the present. These sales have been encouraging, considering the previously limited marketing budget, and the Company has seen numerous repeat customer orders which demonstrates product uptake and consumer affinity for the X-SPRAYS™.  

In addition to Internet sales, the Company has test marketed selected products in two Medical Marijuana dispensaries in Colorado. These sales began in February 2018 and continue. Proceeds from these sales have been reinvested in Colorado marketing initiatives. The Company has learned, however, that marketing combined with in-store promotions can generate minimum sales in excess of 1 product per day in the retail environment. While this number is insignificant from a revenue perspective on a small scale retail distribution, it becomes significant when considering retail distribution outlets in the hundreds of locations. A single product selling only one unit per day in 100 stores could generate wholesale revenue in excess of tens of thousands of dollars per day. The Company has four products that are CBD infused, four non-CBD infused and a soon to be launched line of THC products that will have multiple SKU's. With market testing complete, X-SPRAYS™ plans to roll out additional brick and mortar distribution throughout dispensaries, vape stores, gas stations, and convenience stores across the country. Read this and more news for ICAN at http://www.marketnewsupdates.com/news/ican.html

Other recent developments in the cannabis industry include:

Valens GroWorks Corp. (CNQ:VGW.CN), a multi-licensed, vertically integrated provider of cannabis products and services utilizing proprietary extraction processes recently announced that it has signed a letter of intent with Colombian-based licensed producer Eticann S.A.S. Zomac ("Eticann") for: > the Company to purchase cannabis materials from Eticann; > the exclusive right for the Company to provide extraction services for Eticann's premium cannabis oil product offerings; > the provision of extraction service expertise to Eticann for toll processing services in Colombia and surrounding markets; and >  Option to purchase up to 50% of Eticann's issued and outstanding shares.