The Top Investment Bets on the Future of Retail CBD
Financialnewsmedia.com News Commentary
PALM BEACH, Florida, July 25, 2019 /PRNewswire/ -- Major retailers are just beginning to embrace CBD thanks to sizable consumer demand. To date, Neiman Marcus, Sephora, Vitamin Shoppe, Kroger, Barney's DSW, CVS, and Walgreen's have all jumped at the opportunity. American Eagle just became the latest retailer to sell CBD, too. In fact, it just struck a deal with Green Growth Brands to sell CBD products in more than 500 stores and online, with sales expected to begin by October 2019. All of that is opening a wide range of opportunity for companies including The Yield Growth Corp. (OTCQB: BOSQF) (CSE: BOSS), HEXO Corporation (NYSE: HEXO) (TSX: HEXO), Cronos Group Inc. (NASDAQ: CRON), Aleafia Health (OTCQX: ALEAF) (TSX-V: ALEF), and The Supreme Cannabis Company Inc. (OTCQX:SPRWF) (TSX:FIRE).
The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. announced that it has entered into a letter of intent to license the worldwide rights for 8 cannabis product topical formulas to Antler Retail Inc. Antler's California subsidiary previously acquired licenses for 56 product formulas for the California market from Yield Growth. After developing testing and packaging plans with Yield Growth, Antler now wishes to expand its license for 8 of the products for the territory of the world. The fee of $800K payable to Yield Growth will provide worldwide licensing rights to the following men's products developed by Yield Growth: hair pomade, beard oil, shaving cream, deodorant and 4 essential oil colognes. Yield Growth anticipates it will generate additional revenues through the license as the LOI contemplates that Yield Growth will provide packaging, marketing, manufacturing and distribution services to Antler for the men's line. The LOI contemplate that the license fee may be paid in stock but other fees are to be paid in cash on a monthly basis. Antler is a related party to Yield Growth, as Krystal Pineo and Penny Green are both directors and significant shareholders of Yield Growth and Antler. The LOI anticipated that a definitive agreement will be entered into within 3 weeks and closing of the transaction will occur by August 31, 2019. FOR MORE INFORMATION ON BOSS/BOSQF, PLEASE VISIT: https://yieldgrowth.com/