CBD Edibles Companies are Struggling to Keep up With Consumer Demand - Seite 2

In comparison, the plant-based nutrition market shows current, mid-term and long-term growth. This past December, the investment firm UBS, reported  the plant-based nutrition market to be $4B USD in 2018, growing to $88B USD by 2030. With consistent messaging from the market supporting this significant forecast in sales growth, we have positioned the Company to become a leading developer and manufacturer of nutritional plant-based bars and bites through our Prosnack Division. This strategic approach is building shareholder value as confirmed by a recent valuation that pegged the value of  Prosnack of $11.1M CDN. It is important to understand our strategy to develop our plant-based business has a synergistic relationship with CBD edibles. Our expertise as food manufacturers utilizing plant-based ingredients will be a driver for securing business in the evolving edibles market".

Other cannabis-related developments from around the markets include:

The Green Organic Dutchman Holdings Ltd. (TSX:TGOD)(OTCQX:TGODF) announced changes to streamline its leadership structure. The Company's President, Mr. Csaba Reider, will be departing the organization. Mr. Reider's duties will be assumed by the Company's CEO, Brian Athaide. Mike Gibbons, Vice President of Sales, is also leaving the organization. Robert Gora, Vice President of Medical Commercialization, will assume the consolidated role of Vice President, National Sales, leading sales and revenue generation across medical and recreational channels. "The changes we announce today are part of a comprehensive review of our operations to reduce costs and improve cash flow. This will result in significant G&A savings and a leaner more efficient organization. We are also very focused on ramping up production, expanding our product portfolio with innovative organic products and gaining market share across the country." commented Brian Athaide, CEO of TGOD.

Curaleaf Holdings Inc. (CSE:CURA)(OTCQX:CURLF) announced the upsizing and closing of a Senior Secured Term Loan Facility from a syndicate of lenders totaling US$300 million. The notes bear interest at a rate of 13.0% per annum, payable quarterly in arrears, with a maturity 48 months from closing. The proceeds will be used to refinance existing debt, satisfy transaction fees and expenses from previously announced acquisitions, fund capital expenditures and for general corporate purposes. The sole placement agent for the Facility is Seaport Global Securities LLC. "We are pleased with the upsizing and closing of the deal at what we believe to be attractive terms," said Joseph Lusardi, Chief Executive Officer of Curaleaf. "Most importantly we strengthened our balance sheet without diluting our existing shareholders. With the completion of this transaction, we have ample liquidity to execute on our strategy and are well-positioned to take advantage of the significant market opportunities that exist in this space."