World News: 16:51 GMT Wednesday 12th June 2019. [Wall Street Reporter via Globe Newswire via SPi World News]
NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has recently published interviews with CEO’s of trending stocks in the CBD and hemp consumer products space ahead of new state legislation expected to pass in California this week. These interviews are available in audio and video at
Investors are keeping an eye on CBD and Hemp stocks as California is expected to officially legalize and permit the sale of CBD and sale of hemp-derived CBD foods, beverages and cosmetics.
A bill to authorize CBD foods was unanimously approved by the California State Assembly’s health and appropriations committees last month, and now state Senators will take up the bill this week. If passed, Governor Gavin Newsom is expected to sign it, and the law would go into effect immediately.
With a population of almost 40 million, California is the world’s 8th largest economy, and the largest market in the US for cannabis products. The new law would enable major corporate retail chains, to start selling CBD beverages, foods and cosmetics. Wall Street Reporter recently interviewed the CEO’s of HIPH, NBEV, BOSQF - companies which could benefit from the new law.
In this exclusive interview, Ryan discusses his company’s expanding portfolio of CBD-infused consumer brands, which includes topicals, and the LALPINA CBD beverage line. Ryan explains the unique market advantages of LALPINA utilizing a proprietary nanotechnology, which helps maximize CBD bioavailability, accelerating its delivery to the body’s cells and tissues.
Topics discussed include: Product innovation strategy, leveraging celebrity tie-ins to build brand awareness, recent acquisition of CBD topical and balm brand “plant + body essentials”, M&A strategy, and more.
Brent discusses the company's focus on fast growing segments, including: kombucha, coconut water, teas, and CBD, and its unique omni-channel distribution model. NBEV is one of the fastest growing companies in the beverage industry and on track to generate over $320 million in revenues in 2019.
Penny shares an update on the company’s expanding retail and online distribution of its Urban Juve hemp- and cannabis-infused skincare and beauty products. Topics discussed include:
Roby discusses the company’s vertically integrated “Seed-to Pharmacy” strategy, and product pipeline targeting: drug-resistant epilepsy, dementia, and Chron’s disease/Irritable Bowel Disease (IBS).
MGC Pharmaceuticals has recently started generating revenues from sales of CannEpil, for treating drug-resistant epilepsy in Australia and UK via the “authorised prescriber” program, prior to final regulatory approval, expected in 3-4 years. The immediately addressable market opportunity is potentially 700,000 patients at $9,000 per year.
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Globe Newswire: 16:51 GMT Wednesday 12th June 2019
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