Top Cannabis Companies Benefiting From Surging CBD Demand
Financialnewsmedia.com News Commentary
PALM BEACH, Florida, June 13, 2019 /PRNewswire/ -- CBD has been created one of the biggest growth stories of 2019 with consumers clamoring for products. Neiman Marcus is pushing ahead with CBD sales at some of its stores and online. Simon Property Group is partnering with Green Growth Brands to open 108 stores in its malls just in 2019. Barney's will launch "The High End." Even the Vitamin Shoppe just announced it's selling CBD soft gels, and will soon begin selling CBD drops. Even the CEO of Whole Foods has indicated he's keeping a close eye on cannabis regulation, suggesting that it could show up on shelves. In addition, according to the Brightfield Group, worldwide CBD sales are expected to soar from $591 million in 2018 to as high as $22 billion by 2022 – a compound growth rate of 147%. Some of the stocks benefiting from the cannabis market boom include Lifestyle Delivery Systems Inc. (CSE:LDS)(OTCQX:LDSYF), CannTrust Holdings Inc. (NYSE:CTST)((TO:CTST), and The Supreme Cannabis Company Inc. (TSX:FIRE)(OTCQX:SPRWF), Emerald Health Therapeutics Inc. (OTCQX:EMHTF)(TSX-V:EMH), and The Green Organic Dutchman Holdings Ltd. (TSX:TGOD)(OTCQX:TGODF).
Lifestyle Delivery Systems Inc. (CSE:LDS)(OTCQX:LDSYF) BREAKING NEWS: Lifestyle Delivery Systems Inc. announced that its flagship product CannaStrips has been delivered to multiple new stores. The Company has been diligently working on marketing strategies to increase the brand awareness of Cannastrips. The California market seems to be reacting to it quite well as almost every Cannabis event the Company has participated in has sold completely out of product. Cannastrips also won first place at the most recent Kushstock event. President of LDS Casey Fenwick has stated "the frequency of reorders has been steadily increasing as well as the order sizes. It is exciting to see we are moving through a healthy amount of product for a brand that has only been on the shelves for 4 months. I have been speaking with some of the larger California brands about branding collaborations, once the new website is finished, it will be a perfect time to finalize those and start the roll out." The Company has been exploring with different printed mylar bags for the 10 packs in an effort to continually refine the amount of packaging labor. The style of printing as well as the arrangement of the state required legal information on the bag are being panel tested in order to perfect the aesthetics of the outer bag. The Cannastrips sales team is continuously performing vendor days in the stores and providing customers of the stores more information about the science of the product. For additional news for Lifestyle Delivery, please visit: https://www.lifestyledeliverysystems.com/lds-press-release
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