CBD Edibles Companies are Struggling to Keep up With Consumer Demand

Nachrichtenquelle: PR Newswire (engl.)
21.01.2020, 15:15  |  411   |   |   

Financialnewsmedia.com News Commentary

PALM BEACH, Florida, Jan. 21, 2020 /PRNewswire/ -- Thanks to Cannabis 2.0, companies are selling out of CBD edibles – and fast. So much so,the Toronto Sun refers to it as "Edibles Madness." The Ontario Cannabis Store website, for example, saw so much demand, the site crashed several times, while soft-chew items like gummies sold out in less than a half hour. Better,analysts at Deloitte, "The edibles market alone is estimated to be worth at least $1.6 billion a year in Canada, with cannabis-infused beverages adding a further $529 million," said Jennifer Lee, a partner and Deloitte Canada's Cannabis National Leader, and Consumer Advisory and Analytics Practice National Leader. "According to our research and stakeholder interviews, much of this economic boost will be on top of current cannabis product spending. The introduction of cannabis-infused edibles will clearly threaten the alcohol industry as consumers are using the product for similar usage occasions." That's opening a wide range of opportunity for companies including Naturally Splendid Enterprises Ltd. (TSX-V:NSP)(OTCQB:NSPDF), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD)(OTCQX:TGODF), Curaleaf Holdings Inc. (CSE:CURA)(OTCQX:CURLF), Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF), and Green Growth Brands Inc. (CSE:GGB)(OTCQB:GGBXF).

Naturally Splendid Enterprises Ltd. (TSXV:NSP)(OTCQB:NSPDF) BREAKING NEWS: Naturally Splendid Enterprises Ltd. just provided the following updates and outlook for 2020. Naturally Splendid drives the majority of revenue from the Prosnack Division, manufacturing nutritional bars & bites from mainly plant-based ingredients at our Safe Quality Food Level 2 manufacturing facility (SQF2), forming the foundation to a sustainable and profitable business. Purchase orders in January have already exceeded $300,000 CDN to date. The Company's focus will be on expanding business and growing revenue in the plant-based nutritional category while the cannabis edibles markets continues the path to more mainstream opportunities. Naturally Splendid CEO Mr. J. Craig Goodwin states, "The Company continues to focus on increasing our nutritional, plant-based bars and bites business, expanding production capacity and efficiencies at our SQF2 food manufacturing facility. We remain confident the edibles market will continue to evolve into a lucrative opportunity. However, that market continues to be challenged by restrictive marketing and distribution regulations.

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CBD Edibles Companies are Struggling to Keep up With Consumer Demand Financialnewsmedia.com News Commentary PALM BEACH, Florida, Jan. 21, 2020 /PRNewswire/ - Thanks to Cannabis 2.0, companies are selling out of CBD edibles – and fast. So much so,the Toronto Sun refers to it as "Edibles Madness." The Ontario …

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