The Top Companies Racing to Keep up With the Demands of the Cannabis Industry
PALM BEACH, Florida, Sept. 4, 2019 /PRNewswire/ -- Demand for CBD is on the rise all over the world. Globally, Piper Jaffray, for example, believes the CBD market alone could be worth up to $100 billion. In addition, according to Arcview Market Research and BDS Analytics, global spending on cannabis could reach $57 billion by 2027, as people around the world wake up to the health benefits of cannabis, including the treatment of insomnia, stress, anxiety, pain, and even chronic issues. That's opening a wide range of opportunity for companies including CannaOne Technologies Inc. (OTC:CNONF) (CSE:CNNA), Canopy Growth Corporation (NYSE:CGC) (TSX:WEED), Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB), Charlotte's Web Holdings Inc. (OTCQX:CWBHF) (CSE:CWEB), and Tilray Inc. (NASDAQ:TLRY).
CannaOne Technologies Inc. (CSE:CNNA)(OTCPK:CNONF) BREAKING NEWS: CannaOne Technologies Inc. just announced that it entered into a Letter of Intent (LOI) to acquire 100% interest in Real Life Sciences Inc. On April 23, 2019, CannaOne Technologies announced a formal partnership with Real Life Sciences to launch and operate the BWell CBD online marketplace in the US. Under the terms of this agreement Real Life Sciences acted as local managing partners for the BWell online marketplace providing strategic management, financial and business development expertise. As the managing partner of the BWell Marketplace, Real Life Sciences maintained a 75.1% ownership interest. CannaOne Technologies CEO, Mr. Riby-Williams, commented "Real Life Sciences' expertise, vast network and strong relationships within the US has brought substantial value to the BWell marketplace during the past months and has been a key factor in the early launch for the business. BWell is now capable of immediate sale and delivery of 140 high quality CBD products at extremely competitive prices to thousands of potential households in US. We believe that this infrastructure and knowledge contributed by Real Life Sciences to date provides substantial baseline support towards our Company now acquiring a sole ownership stake in the BWell marketplace that will assist to potentially provide long term substantial value to our shareholders."
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