Top Cannabis Stocks to Watch as Europe's CBD Market Grows 400%
Financialnewsmedia.com News Commentary
PALM BEACH, Florida, July 11, 2019 /PRNewswire/ -- The European market is on course to grow 400% over the next four years, according to the Brightfield Group. "CBD is just starting to take hold in Europe, with both product availability and consumer awareness still quite limited. This is a great opportunity for developed brands to enter and expand through Europe with far less competition than we're seeing in the U.S." That's opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF), Canopy Growth Corporation (NYSE:CGC) (TSX:WEED), Aurora Cannabis Inc. (NYSE:ACB), Wayland Group Corp. (CSE:WAYL) (OTCQB:MRRCF), HEXO Corporation (NYSE:HEXO) (TSX:HEXO), and ICC International Cannabis Corp. (CSE:WRLD-U) (OTCPK:WLDCF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced that it entered into a definitive agreement on July 10, 2019 with Melorganics for distribution of Urban Juve products in Greece and Cyprus. Pursuant to the agreement Melorganics Hellas will act as the exclusive retail distributor and non-exclusive e-commerce distributor for Urban Juve products in Greece and Cyprus. To maintain exclusivity in the territory, Melorganics must purchase a minimum amount of Urban Juve products of $300,000 in Year 1 and $500,000 in each subsequent year. "This is the first of many territory specific distribution agreements we expect to enter into," says Penny Green, CEO of Yield Growth. "We intend to generate significant sales revenues by aligning with different distributors with strong networks in different regions. We are currently in negotiations with distributors for France, Poland, the United Kingdom and Turkey with upcoming meetings set to discuss South America, Germany and Portugal." Urban Juve recently announced its first product has received a Compliance Certificate and is approved for sale in the European Union. It had plans to register 10 more products for sale in the EU within the next few months. For more information for Yield Growth, please visit: https://yieldgrowth.com/