Diversification of Unique CBD-Based Products Creating Impressive Revenue Stream Possibilities in Multi-Billion Dollar Market

PALM BEACH, Florida, September 27, 2018 /PRNewswire/ --

Financialnewsmedia.com News Commentary 

The medicinal cannabis space continues to be overtaken by CBD as consumers gravitate toward alternative medicines. Cannabidiol (CBD) has become a popular choice to treat issues including anxiety, inflammation and other common ailments. This rising rate of usage is pushing the overall cannabis market to new heights as Arcview Market Research estimate over $9 billion was spent in 2017. As legalization continues to advance around the globe, markets such as CBD continue to enjoy the benefit of increased consumer awareness. Revenue growth is not anticipated to slow anytime soon, especially as investment into research and development in the space continues to rise. Active cannabis companies in the markets this week include Integrated Cannabis Company, Inc. (CSE:ICAN) (OTC:ICNAF), Namaste Technologies Inc. (OTC:NXTTF) (TSX-V:N), PUF Ventures Inc. (CSE:PUF) (OTC:PUFXF), FSD Pharma Inc. (CSE:HUGE) (OTC:FSDDF), Crop Infrastructure Corp. (CSE:CROP) (OTC:CRXPF).

Integrated Cannabis Company, Inc. (CSE:ICAN) (OTCQB:ICNAF) BREAKING NEWS : Integrated Cannabis Company is pleased to announce the completion of a Letter Agreement (the "Agreement") to collaborate on X-SPRAYSTM products for the Canadian market with GTEC Holdings Ltd (TSXV: GTEC) (OTCPK:GGTTF), a Canadian License Producer under Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR).  

The Agreement allows for the co-development and marketing of novel spray products, utilizing proprietary nanotization technology containing both Cannabidiol (CBD) and/or Tetrahydrocannabinol (THC) for distribution in the Canadian medicinal and recreational markets. The Agreement is subject to the implementation of federal legislation in Canada and corresponding provincial and territorial legislation that permits the distribution and sale of certain formats of cannabis products, including without limitation sprays.

Over the coming weeks the companies will engage with their science, marketing and distribution teams to streamline the logistics of developing and ultimately introducing products to the Canadian marketplace.  

"Partnering with a Canadian Licensed Producer has been a major goal of ours in order to facilitate the expansion of our product line into legal, established marketplaces. The GTEC team is an ideal partner given their status as a LP and their tenure in the cannabis industry and provide a great alliance for our innovative product line," said Mr. John Knapp, CEO of Integrated Cannabis.