BLOCKStrain Taps into the CBD Beverage Industry with NXT Water Deal -- CFN Media

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SEATTLE, Feb. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing  (TSX-V: DNAX) (OTC: BKKSF). The company recently signed a with NXT Water LLC to integrate its blockchain technology into the launch of NXT’s AKESO Functional Fitness Water. The hemp-based CBD-infused beverage will become the company’s new benchmark brand in the rapidly growing CBD beverage industry.

Constellation Brands Inc. made headlines when it invested billions into Canopy Growth Corp., a Canadian licensed producer of cannabis, signaling the beverage industry’s serious interest in the cannabis industry. While THC-infused beverages have captured the interest of the alcohol industry, Brightfield Group projects that the hemp-based CBD market could outpace it and reach $22 billion by 2022.

In this article, we will take a look at the CBD-infused beverage market, NXT’s breakthrough product, how BLOCKStrain’s  sets it apart from competitors, and why investors may want to consider BLOCKStrain as a potential investment opportunity.

There’s little doubt that CBD-infused beverages will play a major role in tomorrow’s functional beverage industry. In fact, Coca-Cola Co. was rumored to be in discussions with a Canadian licensed producer of cannabis last year to launch such products. The combination of rising consumer interest and growing interest among large multinational beverage companies creates a potential opportunity for investors.

Consumer searches on Google for the term “CBD water” have soared over the past five years. Not surprisingly, the greatest interest is in states where cannabis has been legalized, such as California and Colorado. With the passage of the 2018 Farm Bill—which legalized hemp and moved hemp-based cannabinoids off of Schedule I of the Controlled Substances Act, there could be even greater interest for hemp-based CBD-infused water ahead.

NXT Water plans to capitalize on these trends with the upcoming launch of its AKESO Functional Fitness Water. With its proprietary homogenization/infusion process, the company combines organically-grown hemp oil, oxygenated electrolytes, vitamins, and minerals to create the finest, odorless, colorless, and cleanest tasting water on the market.

The problem facing consumers interested in CBD-infused beverages is that most producers are startups with no track record. Without that trust, there’s no way to ensure that companies are making accurate claims about the ingredients in their products. The FDA has even issued  over the past several years saying that many CBD-infused pet and human products contained less or none of the cannabinoids advertised on the label.

BLOCKStrain solves these problems by tracking ingredients from genome-to-sale using an immutable blockchain ledger. With the scan of a QR code, consumers have real-time access to a dashboard of verified ingredients along with a certificate of authenticity. Manufacturers also benefit from clear documentation of where their products originated and how they moved across the supply chain—critical information for regulators and quality control personnel.

“There are many brands in the hemp-derived beverage space making unsubstantiated claims regarding the ingredients, potency and overall quality of their products,” says NXT Water CEO, Todd Waks. “Leveraging BLOCKStrain’s technology, AKESO will offer its customers a new form of trust in the product they ingest.”

For more information, visit the company’s website at .

Please follow the link to read the full article:

CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.

Learn how to become a CFN Media client company, brand or entrepreneur: 

Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: 

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CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: 

Frank Lane

206-369-7050

flane@cannabisfn.com

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Globe Newswire: 13:00 GMT Monday 11th February 2019

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