Cannabis Industry is Exploding as Cannabidiol (CBD) Products Become More Mainstream

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

Financialnewsmedia.com News Commentary

The recreational and medical marijuana "revolution" is well underway as the entire cannabis industry continues to expand at a rapid pace and sales have continued to grow steadily. Cannabis extracts such as hemp and Cannabidiol (CBD) oil are some of the more interesting, and perhaps promising, segments of the legal marijuana industry currently enjoying wild attention as it matures before the world's eyes. The industry has seen headlines from Fortune 500 companies admitting they are pondering ways to introduce CBD into various products, including beverages such as soda and alcohol. On the other end of the spectrum, there are even uses beneficial to pets. The CBD space is pacing to become a billion-dollar market in the United States alone by the turn of the decade as relaxed legal restrictions and an increasingly open consumer base grow hand in hand. Active Companies from around the market with current developments this week include: Pyramidion Technology Group, Inc. (OTC:PYTG), CV Sciences Inc. (OTC:CVSI), Cronos Group Inc. (NASDAQ:CRON), HEXO Corp. (TSX:HEXO) (OTC:HYYDF), INSYS Therapeutics Inc. (NASDAQ: INSY).

Pyramidion Technology Group, Inc. (OTCPK:PYTG) BREAKING NEWS: Pyramidion Technology Group today announced today the signing of the definitive agreement to acquire 100% of NxGen Brands, LLC ("NxGen Brands") - specialists in CBD (Cannabinoid) extracts and related products.

Doing business as Leafywell, a NxGen Brands company, produces CBD containing products such as CBD oils, tinctures, topical lotions, topical creams, and edible candies. Upon signing the definitive agreement, PYTG will acquire NxGen Brands and all of its assets, all domains including http://www.LeafyWell.com and all intellectual properties.

CEO of PYTG, Carlos Hurtado, states "These are some of the most exciting days we have had thus far - all of the work we have been doing all along including onboarding medical experts to our Board of Advisors has led us to this acquisition affording us the ability to forge ahead with the acquisition of Leafywell. Leafywell stands apart from other companies in that they organically grow, harvest, refine, and produce CBD extracts for integration into a variety of top-notch delivery methods such as oils, tinctures, lotions, and edibles. These products are of the best we have seen and they have the potential to shape the industry."