Regulatory Reform Could Mean Big Days for the CBD Industry

FN Media Group Presents Microsmallcap.com Market Commentary

 

New York, NY – February 19, 2021 – After finding themselves down for much of last year, cannabis and CBD stocks are once again seeing intense momentum. In the short term, we have Reddit’s WallStreetBets to thank for some of the industry’s recent surge, as the notorious investing forum set its sights on cannabis stocks after promoting AMC and Gamestop. However, there are more sustainable factors behind cannabis’s recent momentum that could see these stocks staying on a run in the longer term. In the United States, a democratic White House and congress has reignited hopes of major reform to cannabis laws and regulations and positive financial results from cannabis giants. Meanwhile, international markets are following North America’s lead and opening up to the cannabis market. In the midst of this newfound optimism, cannabis and CBD companies like HempFusion Wellness Inc. (TSX:CBD.U) (OTCPK:CBDHF), Tilray Inc. (NASDAQ:TLRY), Village Farms International (TSX:VFF) (NASDAQ:VFF), Neptune Wellness Solutions (TSX:NEPT) (NASDAQ:NEPT), and Curaleaf Holdings Inc. (CSE:CURA) (OTCQX:CURLF) see big days ahead.

 

HempFusion Wellness Expands Under Favorable Conditions

 

Among the companies that stand to benefit from cannabis’s recent surge is Denver, Colorado-based HempFusion Wellness Inc. (TSX:CBD-U) (OTC:CBDHF). HempFusion is a premium health and wellness company specializing in hemp-derived panoramic spectrum CBD products and scientifically validated delivery systems. The company has endeavored to build to the highest standards of health and safety regulatory compliance in the CBD and Probiotic market, allowing it to thrive in a unified regulatory environment.

 

On January 12, HempFusion announced that the company had received USDA Organic Certification for its HempFusion CBD tinctures ranging in potency from 150mg to 1500mg of CBD per bottle. HempFusion is now one of the first publicly traded CBD companies to receive this certification. The USDA Organic certification process is rigorous and comprehensive, requiring detailed documentation for every step in the growth, production, and manufacturing process. With this certification, HempFusion products will now be able to display the coveted USDA Organic seal.

 

“Our team has worked meticulously to earn USDA Organic Certification, which supports our commitment to providing consumers with premium and differentiated CBD products as well as new potential distribution points,” HempFusion Co-founder and CEO Jason Mitchell said in the company’s release. “This prestigious certification joins our many other compliance markers, further establishing HempFusion as a leader in the premium CBD category,” continued Dr. Mitchell.

 

Also in January, HempFusion announced that the company will be expanding its footprint into the European market with an exclusive distribution agreement with a major European distributor.  HempFusion’s European expansion will start in the Irish market with EU compliant labeling, as well as full acknowledgement with the Food Safety Authority of Ireland.

 

“We are incredibly excited to launch sales into Europe, starting with Ireland, through an exclusive distribution agreement with a consumer goods distributor whose deep and established relationships include nearly every major European retail chain,” Dr. Mitchell said in the company’s January 14 release. “This launch establishes HempFusion’s European presence and represents the initial phase of the Company’s broader European expansion plans,” continued Dr. Mitchell.

 

Cannabis Companies Look to Capitalize on Industry Momentum

 

Tilray Inc. (NASDAQ:TLRY) was one of the biggest benefactors from Reddit’s cannabis stock push. Tilray announced on February 9 that the company has entered into an agreement with Grow Pharma to import and distribute medical cannabis products into the United Kingdom. The company expects to have GMP-certified products available to authorized UK patients by March this year.

 

Canadian greenhouse agriculture company Village Farms International (TSX:VFF) (NASDAQ:VFF) has been expanding into cultivation for CBD production since 2019. On February 8, the company announced that it has exercised its option to increase its ownership of its Asia-Pacific partner Altum International. The company says that this move is part of the company’s strategy to access emerging CBD markets.

 

Diversified cannabis health and wellness company Neptune Wellness Solutions (TSX:NEPT) (NASDAQ:NEPT) released its third quarter results on February 15. While the company reported a decrease in revenue over the previous third quarter, Neptune noted in the release comments by US Senate Democrats that cannabis reform will be a priority for congress going forward as reason for optimism for the company.

 

As the cannabis market surges, Curaleaf Holdings Inc. (CSE:CURA) (OTCQX:CURLF) has been rapidly expanding its cannabis retail footprint. On February 10, the company opened its 100th US dispensary in Jacksonville, Florida. The company also says that it plans to significantly expand its cultivation capacity to meet increased demand.

 

While the early years of commercial cannabis have been a bumpy road, there’s plenty of reason to be excited for the future of CBD and cannabis companies like HempFusion Wellness.

 

For more information about HempFusion Wellness, click here.

 

Disclaimer:  Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

 

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Bragg Gaming Group

 

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

 

Media Contact:

FN Media Group, LLC

info@financialnewsmedia.com

+1(561)325-8757

 

Source: Microsmallcap.com

Sign Up & Get FREE News Alerts From FNM Today!