Naturally Splendid (TSXV:NSP) announced that their 100-per-cent-owned pet care retail line, Pawsitive FX, is to be distributed in the United States through Coast 2 Coast Wholesale Pet Products. Based in Garden Grove, Calif., the company is a well-established distributor serving over 1,000 stores across the United States, including PetSense and Krisers outlets.
Coast 2 Coast CEO Kurt Hansen stated:
We recognize the Pawsitive FX line as a premium product. There is an excitement in the market about how effective these products are and Coast 2 Coast is very happy to be carrying the brand into the U.S. We look forward to contributing to the success of the Pawsitive FX line.”
Naturally Splendid will use this relationship as a stepping stone into the $60-billion-a-year U.S. pet products market and is intending to supplement this relationship with more similar arrangements over the coming months. According to the American Pet Product Association (APPA): “An overall rise in the number of pets in the U.S. and increased spending per pet are the main factors that will contribute to the pet’s industry growth in the years ahead. Even with the overall economic recovery taking longer than expected, annual revenue growth in pet products and services is anticipated to clock in at some 4.4 per cent through 2016 (one of the few industries that can say so). As the recovery takes hold, household disposable income will rise even faster and spending on pets will pick up even more.
Pawsitive FX Brand Manager Andy Birchall stated:
The Pawsitive FX line is generating a lot of interest on both sides of the U.S./Canada border. U.S. distribution is a hugely important piece of our strategic planning. Pet owners today are more educated than ever before in how to care for their animals and less willing to use inferior products where their well-being is concerned. As a result, consumer spend in the pet health care and grooming sectors is growing. Our Happy Snouts, Happy Paws and Strong Paws balms are superior products in their sector, so Pawsitive FX is ideally positioned to offer the high-quality and effective topical products consumers expect. Coast 2 Coast has an impressive reach and reputation in the U.S. and will provide Pawsitive FX with the perfect platform from which to launch our products into the market.
American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.
Meanwhile, a Canadian cannabis producer began offering CBD beverages in the US, another move that shows how interested Canadians are in the overall US cannabis market at the moment.
Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).