PotNetwork Holdings Inc (OTCMKTS:POTN) announced that it has formed a joint venture with Epic Group 1, the distributor of Totally Hemp Crazy’s (OTCMKTS:THCZ) Rocky Mountain High Beverage Line.
As quoted in the press release:
Upon exploration of the Companies’ complementary strengths, a strategic partnership was developed which is expected to bolster both Companies, through their cross-promotion strategy.
The mutually favorable agreement enables PotNetwork Inc. to distribute Totally Hemp Crazy’s Rocky Mountain High products, bringing to the table a brand new revenue stream, as well as providing corporate awareness from a new targeted audience. These objectives are also expected to be beneficial on a shareholder level. By cooperatively marketing products and services, shareholders will gain the opportunity to capitalize on an investment at its inception, where the upside potential is typically the most lucrative.
Richard Volpe, CEO of PotNetwork, commented:
We believe this will have a very exciting impact on PotNetwork Inc. Rocky Mountain High has a top quality product line, and we are delighted to be able to expand our reach with their signature products, while simultaneously building a retail revenue stream. We are in negotiations with other Companies to add more hemp and marijuana themed products to our growing merchandizing line. While we are first and foremost a provider of breaking industry news and entertaining videos, this is just the first of what we plan will be numerous ventures with vendors of great products in the Marijuana industry. Every supplement to our revenues contributes to our progress both in the way of gaining additional exposure and financial growth.
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).