Hemp Grower Conference Announces an In-Depth Education Program Addressing Challenges and Opportunities in Hemp

The event (Nov. 8-10 in Orlando, Fla.) will feature 25+ must-see sessions to help CBD/fiber/grain hemp growers succeed in a rapidly transitioning market.

FLORIDA: Hemp Grower Conference, produced by parent company GIE Media Inc. and industry-leading Hemp Grower magazine, today announced the educational program for its upcoming event, to be held Nov. 8-10, 2021, at the Rosen Centre Hotel in Orlando, Fla.

 

The program is the most comprehensive in the industry, featuring 2.5 days packed with 25+ educational sessions covering essential topics for those growing hemp for fiber, grain and/or cannabinoids.

These in-depth sessions will provide attendees with insights into the industry’s most important challenges, solutions and opportunities within a global market that is projected to grow to $18 billion USD by 2025, according to Valuates Reports.

Some of the most anticipated sessions of the Hemp Grower Conference education program include:

  • What to Do With Unsold Biomass + Byproducts
  • How to Get Into Retail and Improve E-commerce
  • Strategies for Preventing and Mitigating Hemp Plant Diseases
  • Creating a Hemp Cultivation Business Model
  • Latest Research in Fiber and Grain Genetics
  • Crop Establishment in Fiber/Grain: Challenges and Opportunities
  • Action Needed Now: Equity and Inclusion in the Industry’s Infancy
  • The Latest Medical Research on Hemp’s Health Benefits
  • Master Hemp Drying, Curing and Storing
  • Organic and Sustainable Farming Practices and Certifications for Small and Large-Scale Farmers

Click here to view the full schedule.

 

The Hemp Grower Conference speaker roster includes leading hemp growers, business professionals, researchers and professors (with more speakers being added frequently), such as:

  • Rachel Berry – Farmer and CEO, Illinois Hemp Growers Association
  • Dr. Raymond Cloyd – Kansas State University – Department of Entomology
  • Dr. Alyssa Ann Collins – Director, Southeast Agricultural Research & Extension Center; Associate Professor Plant Pathology and Environmental Microbiology (Penn State University)
  • Dr. Allison Justice – Founder and CEO, The Hemp Mine
  • Jeff Kostuik – Director of Operations, Hemp Production Services and Hemp Genetics International
  • Bear Reel – Vice President of Cultivation R&D, Charlotte’s Web Inc.
  • Dr. Larry Smart – Professor, Horticulture Section, Cornell University
  • Luis Vega – Founder and CEO, ¡WEPA! Farms
  • Mason Walker – Co-Owner and CEO, East Fork Cultivars
  • Maureen West – Chief Compliance Officer, Functional Remedies LLC
  • Luke Zigovits – Owner, Higher Level Organics LLC

“Right now is a pivotal time for North America’s hemp industry, especially in the fledgling U.S. market. In addition to cultivation challenges, hemp growers (especially those growing for CBD) are combatting oversupply and resulting price declines, adjusting crop sizes and re-evaluating business models as the industry’s infrastructure develops,” Hemp Grower Editor Theresa Bennett said. “It’s crucial for both novice and experienced farmers to learn from those who have found success in business, as well as from experts in everything from cultivation to post-harvest processes. From the educational sessions to the networking opportunities, Hemp Grower Conference offers a place for hemp growers of all shapes and sizes to come together under one roof to help advance their businesses and the market as a whole.”

 

“Hemp Grower Conference is the ideal place for those growing and interested in growing hemp to gain valuable insights into important market trends that will impact their businesses this year and in years to come,” Conference Programming Director Cassie Neiden Tomaselli said. “Attendees will also benefit from networking with like-minded people, which is crucial to finding reliable partners and peers to share ideas with.

 

“We have a standout 2021 Advisory Board, which has helped craft the educational program by sharing candid feedback about the most pressing challenges and opportunities in hemp,” Neiden Tomaselli added.

 

Supplementing the educational sessions, Hemp Grower Conference will also feature an exposition of exhibitors showcasing cutting-edge technologies and solutions for hemp farmers and manufacturers.

 

For more information about Hemp Grower Conference 2021, including registration information, a full list of exhibitors and sponsors, FAQs and more, visitwww.HempGrowerConference.com.

 

Early Registration is now available until August 13, 2021. Visit http://www.hempgrowerconference.com/page/prices/ to review pricing and to register.

 

Trulieve Announces the Largest US Cannabis Transaction; Acquisition of Harvest Health & Recreation Inc., Creates the Most Profitable Multi-State Operator in the World’s Largest Cannabis Market

Combined Company Will Maintain Industry Leading Scale in Retail, Cultivation & Production

Footprint Provides National Scale with a Deep Regional Focus in Attractive Markets

Expanded Runway for Growth with new Southwest Hub and Expanded Northeast and Southeast Hubs

Combined Consensus 2021E Revenue of $1.2 Billion

 

FLORIDA & ARIZONA: Trulieve Cannabis Corp. and Harvest Health & Recreation Inc. announce they have entered into a definitive arrangement agreement pursuant to which Trulieve will acquire all of the issued and outstanding subordinate voting shares, multiple voting shares and super voting shares of Harvest. Under the terms of the Arrangement Agreement, shareholders of Harvest will receive 0.1170 of a subordinate voting share of Trulieve for each Harvest subordinate voting share (or equivalent) held, representing total consideration of approximately $2.1 billion based on the closing price of the Trulieve Shares on May 7, 2021.

Trulieve, a leading multi-state operator with a focus on the northeast and southeast regions of the United States, and Harvest, a leading multi-state operator with a focus on the west coast and northeast regions of the United States, have built deep, vertically integrated operations in their key markets, becoming leading operators in the United States, the world’s largest regulated cannabis market.

Upon completion of the Transaction, as well as the closing of other previously announced acquisitions by Harvest and Trulieve, the combined business will have operations in 11 states, comprised of 22 cultivation and processing facilities with a total capacity of 3.1 million square feet, and 126 dispensaries serving both the medical and adult-use recreational cannabis markets.

Key Transaction Highlights and Benefits

  • Increases Scale Across Our Hub Markets – through the creation of the largest U.S. cannabis operator on a combined retail and cultivation footprint basis;
  • Creates the Most Profitable US MSO – with combined 2020 Adjusted EBITDA of $266 million1,2 and combined 2021E consensus Adjusted EBITDA3 of $461 million, delivering an unparalleled platform for continued growth;
  • Delivers a Superior Existing Retail and Distribution Model – from a robust retail network of 126 dispensaries across 11 states, the combined company will have leading market shares in Arizona and Florida;
  • Strong and Expanding Multi-State Presence – bolsters Trulieve’s expansion in US northeast and southeast hubs in Florida, Pennsylvania and Maryland, and establishes a southwest hub in core markets including Arizona, where recreational adult use of cannabis was recently legalized;
  • Optimizes Nationwide Presence – through well-established retail and wholesale channels across markets, as well as the ability to reach an estimated total addressable market of US$19.3 billion in 2025E (Arcview market estimate);
  • Adds Premium Brands – to Trulieve’s portfolio of in-house brands and national brand partners with a successful line of products across multiple form factors;
  • Leverages Expert Operating Teams and Best Practices – from each of Trulieve and Harvest, enhancing operational excellence by combining unparalleled knowledge of, and success in winning, state license application processes and the ability to rapidly bring operations to market; and
  • Accretive Transaction Reinforces Trulieve’s Leading Financial Metrics – by reinforcing superior financial performance relative to peers through industry-leading margins and strong projected profitable growth.

Management Commentary

“Today’s announcement is the largest and most exciting acquisition so far in our industry, creating the most profitable public multi-state operator.  Importantly, our companies share similar customer values with a focus on going deep in core markets. This combination offers us the opportunity to leverage our respective strong foundations and propel us forward with an unparalleled platform for future growth,” stated Kim Rivers, Chief Executive Officer of Trulieve. “Harvest provides us with an immediate and significant presence in new and established markets and accelerates our entry into the adult use space in Arizona. Trulieve and Harvest are leaders in our markets, recognized for our innovation, brands, and operational expertise with true depth and scale in our businesses. We look forward to providing best-in-class service to patients and customers on a broader national scale as we create an iconic US cannabis brand.”

“We are thrilled to be joining Trulieve, a company that has achieved unrivaled success and scale in its home state of Florida,” said Steve White, Chief Executive Officer of Harvest.  “As one of the oldest multi-state operators, we believe our track record of identifying and developing attractive market opportunities combined with our recent successful launch of adult use sales in Arizona will add tremendous value to the combined organization as it continues to expand and grow in the coming years.”

Terms of the Transaction

The Transaction will be effected by way of a plan of arrangement pursuant to the Business Corporations Act (British Columbia). Under the terms of the Arrangement Agreement, Trulieve will acquire all of the issued and outstanding Harvest Shares, with each Harvest Shareholder receiving 0.1170 of a Trulieve Share for each Harvest Share, implying a price per Harvest Share of US$4.79, which represents a 34% premium to the May 7, 2021 closing price of the Harvest Shares. After giving effect to the Transaction, Harvest Shareholders will hold approximately 26.7% of the issued and outstanding pro forma Trulieve Shares (on a fully-diluted basis). The Exchange Ratio is subject to adjustment in the event that Harvest completes certain interim period refinancing measures, with the potential adjustment in proportion to the incremental costs from such financing relative to the Transaction value. Additional details of the Transaction will be described in the management information circular and proxy statement that will be mailed to Harvest Shareholders in connection with a special meeting of Harvest Shareholders expected to be held in the third quarter to approve the Transaction.

The Transaction has been unanimously approved by the Boards of Directors of each of Trulieve and Harvest. Harvest Shareholders holding more than 50% of the voting power of the issued and outstanding Harvest Shares have entered into voting support agreements with Trulieve to vote in favor of the Transaction.

The Arrangement Agreement provides for certain customary provisions, including covenants in respect of non-solicitation of alternative transactions, a right to match superior proposals, US$100 million reciprocal termination fees under certain circumstances and reciprocal expense reimbursement provisions in certain circumstances.

The Transaction is subject to, among other things, the approval of the necessary approvals of the Supreme Court of British Columbia, the approval of two-thirds of the votes cast by Harvest Shareholders at the Special Meeting, receipt of the required regulatory approvals, including, but not limited, approval pursuant to the Hart–Scott–Rodino Antitrust Improvements Act, and other customary conditions of closing. Approval of Trulieve Shareholders is not required. Additional details of the Transaction will be provided in the Circular.

The Board of Directors of Harvest has unanimously determined, after receiving financial and legal advice and following the receipt and review of a unanimous recommendation of a special committee of independent directors, that the Transaction is in the best interests of Harvest, and that, on the basis of the Fairness Opinion (as defined herein), that the consideration to be received by the Harvest Shareholders is fair, from a financial point of view, to the Harvest Shareholders.

The Harvest Board unanimously recommends that Harvest Shareholders vote in favor of the resolution to approve the Transaction. The Special Committee obtained a fairness opinion from Haywood Securities Inc., which provides that, as at the date of such opinion and based upon and subject to the assumptions, procedures, factors, limitations and qualifications set forth therein, the consideration to be received by the Harvest Shareholders pursuant to the Transaction is fair, from a financial point of view, to the Harvest Shareholders.

Acreage Announces Sale Of Florida Operations To Red White & Bloom Brands

NEW YORK:  Acreage Holdings, Inc. announced its subsidiary, High Street Capital Partners, LLC, has entered into a definitive agreement with Red White and Bloom Brands, Inc., pursuant to which the Buyer will purchase all of the issued and outstanding shares of common stock of Acreage Florida, Inc. for an aggregate purchase price of $60,000,000. Acreage Florida is licensed to operate medical marijuana dispensaries, a processing facility, and a cultivation facility in the state of Florida. The deal also includes the sale of property in Sanderson, Florida.

“The sale of our Florida operations is a significant step in our previously announced operating strategy to focus on those core markets that we believe will accelerate our path to profitability and position us for significant long-term growth and cash generation,” said Peter Caldini, Chief Executive Officer of Acreage Holdings. “The cash proceeds will significantly bolster our balance sheet and position us to accelerate our cultivation expansion projects and open additional dispensaries to support our growth into key adult-use cannabis states such as Illinois and New Jersey.”

Last summer, Acreage announced a focused core-market operating strategy in nine states in the Northeast, Mid-Atlantic and Midwest. The Company currently has active operations and licenses in 13 states and continues to pursue divestitures of its remaining non-core state operations and licenses.

Deal Terms

Aggregate Purchase Price: $60,000,000 in cash, stock, and other cash considerations including:

  • An up-front cash payment of $5,000,000 upon execution of the definitive agreement.
  • An additional $20,000,000 in cash, $7,000,000 in the Buyer’s common stock, and $28,000,000 in promissory notes upon closing the transaction.

Acreage anticipates closing the transaction during the second quarter of 2021.

Kaycha Announces Three New Labs In Massachusetts, Nevada & Oregon

With locations across the U.S., Kaycha Labs is establishing a national network of Cannabis and Hemp labs that provides essential product quality and safety information

FLORIDA: Kaycha Labs, a leader in Cannabis and Hemp testing technologies and methods, is adding three new states to its national network of labs. The company’s nine labs are in California, Colorado, Florida (Fort Lauderdale/Davie and Gainesville), Massachusetts, Nevada, Oklahoma, Oregon, and Tennessee.

In recent weeks, Kaycha has acquired Evio Labs in Medford, Oregon, signed a definitive agreement to acquire DB Labs in anticipation of Clark County and Nevada Cannabis Compliance Board approvals, and received a provisional license to open and operate a lab in Natick, Massachusetts. Both the Oregon and Nevada labs were early entrants to their respective markets; Evio Labs Medford commenced operations in 2014 and DB Labs was organized in 2014 and operates its ~11,500-square-foot lab several blocks away from the Las Vegas Strip. The Massachusetts lab is a new build and is strategically located in Natick near major interstate highways within a couple hours driving time to all major customers.

James Horvath, CEO of Kaycha Labs, commented, “We know that the Cannabis industry is rapidly consolidating and that national Cannabis companies are working hard to build national brands. As they grow, we appreciate that there is a need for a testing partner who can provide and apply a uniform and consistent process.  Furthermore, all Kaycha labs will be equipped with back-up instrumentation so that client testing is not interrupted by an outage.” Chris Martinez, Kaycha Labs’ President, added, “We know clients value quality testing, fast turnaround times, and attractive pricing. And by adding to our network, we will be achieving even more scale, which will allow us to continue to lower our cost structure and pass these savings along to our clients.”

Trulieve Opens First Dispensary In Seffner, Florida

The new dispensary marks the Company’s 75th location nationwide

FLORIDA:  Trulieve Cannabis Corp., a leading and top-performing cannabis company based in the United States, announced today the opening of a brand-new Florida dispensary, the Company’s 75th nationwide. The new location marks the first dispensary to open in Seffner, bringing patients direct access to Florida’s largest and broadest assortment of medical cannabis products.

The new dispensary supports Trulieve’s goal of expanding and ensuring direct, reliable patient access to medical cannabis across its home state of Florida. It joins the Company’s 69 other dispensaries statewide, including several in nearby Tampa, Clearwater, and St. Petersburg.

“Access is important to us and has been a driving factor for our growth across Florida for years. Over the past few months, we’ve prioritized opening in cities and towns where access to medical marijuana was limited because we believe patients should have reliable and safe access to the medications they’ve come to rely on,” said Trulieve CEO Kim Rivers. “We’ve come a long way in four years and we’re excited to end the year strong with our 75th location nationwide and the first dispensary in Seffner.”

In honor of the Company’s brand-new dispensary, all patients — from those new to Trulieve to the dedicated Truliever community — will be eligible for a 25% in-store discount at the new Seffner dispensary on opening day. In line with policies adopted statewide, all visitors are required to wear masks for the duration of their dispensary visit. Additionally, only patients and their state-approved caregivers will be allowed inside the waiting room and dispensary at this time.

ANNOUNCING: Trulieve Seffner Grand Opening
WHERE: 801 W Martin Luther King Blvd., Seffner, Florida 33584
WHEN: Wednesday, December 30, 2020, at 9:00 a.m.

In stores and online, patients will find Florida’s largest selection of THC and CBD products, available in a variety of delivery methods, including edibles, smokable cannabis, concentrates, tinctures, topical creams, vaporizers, and more. Trulieve also offers home delivery statewide for patients and convenient in-store pickup at each of its 70 dispensaries in Florida.

To assist patients with ordering, Trulieve has made our entire catalog of products available for online ordering, with in-store pickup and statewide home delivery options available. In addition, patients can schedule a complimentary 30-minute virtual consultation with a Trulieve certified consultant to help navigate questions on products, devices, or to review their doctor’s recommendation.

Furthermore, to assist with CDC recommendations for social distancing and in compliance with additional company-enforced safety guidelines, several measures have been taken to ensure the health and well-being of employees and patients, including modifications to the layout of all stores, installation of plexiglass partitions and HEPA air filtration scrubbers in every dispensary, increasing access to masks and sanitizer throughout the store for staff and visitors, utilizing visual aids to direct traffic throughout the store, and increasing the frequency of deep cleanings for all dispensaries.

Trulieve is closely monitoring the coronavirus situation and will update store policies as needed to ensure the highest level of safety of our patients and staff. All updates will be shared directly on Trulieve’s website as they are enacted.

The Office of Medical Marijuana Use recently announced the registry had surpassed 450,000 registered medical marijuana patients with an active ID card, with Trulieve consistently selling approximately half of the state’s overall volume per the Florida Department of Health. To support the state’s rapidly growing patient base, there are more than 2,700 registered ordering physicians in the State of Florida.

MÜV™ Medical Cannabis Dispensary To Open In Prime Key West Location

FLORIDA:  AltMed Florida, one of the fastest growing medical cannabis companies in Florida, continues its statewide expansion with a three-day opening in Key West starting Saturday December 5, 2020 at 10am (pending final approvals) for its newest MÜV™ Medical Cannabis Dispensary.

Location: 519 Duval Street, the most popular street in Key West.

“Having MÜV on iconic Duval Street is a feather in our cap. Residents and visitors will now have access to our award-winning products and top-notch service,” said John Tipton, AltMed Florida CEO. “Being in such a high traffic destination, this newest location is a great fit for us. We’re excited about becoming part of the Key West community and building lasting relationships with our patients there.”

With millions of visitors each year, Duval Street is lined with retail shops, restaurants and nightlife hotspots like Sloppy Joe’s Bar, which is a designated National Historic Landmark. Running north to south from the Gulf of Mexico to the Atlantic Ocean, Duval Street is the epicenter of Key West’s famous party atmosphere.

The Key West MÜV is the southernmost dispensary in the continental U.S. – just around the corner from the famous Mile-0 marker and near the Southernmost Point Buoy, both bustling tourist landmarks. MÜV is also located on the same block as the popular Margaritaville Key West Restaurant.

During the opening, staggered over three-days (Dec.5-Dec.7) for crowd mitigation, all licensed Florida medical cannabis patients will receive a one-time use only, one per patient, 25 percent off their entire first purchase. Patients can order online for express pickup at muvfl.com where they will see real-time live inventory including specific strains and potencies of products.

Deemed an essential service during the pandemic, AltMed Florida has been able to expand its workforce to over 700 employees with additional teams coming onboard at each of its 17 new dispensaries this year. With higher demand for products from 28 total dispensaries, AltMed has also generated additional construction employment and staffing with the expansion of its 220,000-square-foot cultivation facility in Apollo Beach.

The newest state-of-the-art MÜV dispensary will offer an extensive selection of award-winning products including flower, pre-rolls, a wide range of vaporizer pens, metered dose inhalers, topicals, oral sprays, patent-pending encapsulation formulations in its tinctures, 72-hour transdermal patches and transdermal gels. MÜV also has one of the widest selections of concentrates for patients needing macro-dosing options.

Like AltMed Florida’s 27 other locations (Apollo Beach, Bradenton, Bonita Springs, Cape Coral, Clearwater, Deerfield Beach, Fort Myers, Gainesville, Jacksonville/San Marco, Jacksonville Beach, Lady Lake, Lakeland, Longwood/Orlando, Lutz, North Port, downtown Orlando, Ormond Beach, Pensacola, Port St. Lucie, Sebastian, Sarasota, St. Petersburg, Shalimar, Tallahassee, Tampa, Wellington and West Palm Beach) MÜV Dispensaries are designed to provide a premium experience – think Apple Store, with a modern design and expert staff that undergoes extensive training.

The MÜV brand already has a wide following in other legal medical cannabis markets, including Arizona, where it has won five Best of Arizona medical cannabis awards. MÜV products are sold exclusively in Florida at MÜV dispensaries because, unlike other states, Florida does not allow wholesale of product between license holders – only products that license holders make themselves can be sold in their dispensaries.

For more information about the new ADA-compliant MÜV Medical Cannabis Dispensary at 519 Duval Street in Key West, including hours and available MÜV products, visit muvfl.com.

Attorney Ben Crump To Announce Civil Lawsuit Against Disney For False Arrest Of Elderly Woman

The great-grandmother was wrongfully arrested for a drug felony at the “Most Magical Place on Earth”

FLORIDA: Nationally renowned civil rights and personal injury attorney Ben Crump will announce a civil lawsuit against The Walt Disney Company on August 5 during a virtual press conference on behalf of Hester Burkhalter.
Burkhalter, a then 69-year-old great-grandmother, was wrongfully arrested and taken into custody at Walt Disney World in Orlando, Florida, for possessing federally legal CBD oil. Hester was using the CBD oil per her doctor’s recommendation to treat her advanced arthritis.
Co-counsels Mark Marderosian and Michele Rayner-Goolsby are also representing Ms. Burkhalter.
WHO: 
Attorney Ben Crump
Attorney Mike Gagliardi
Ms. Hester Burkhalter
WHEN:
August 5, 2020 at 11 a.m ET
WHERE:

Acreage Announces Opening Of The Botanist Dispensary in Florida

NEW YORK: Acreage Holdings, one of the largest vertically integrated, multi-state operators of cannabis licenses and assets in the U.S., today announced the opening of The Botanist in Spring Hill, Florida, a suburb of Tampa.  The medical cannabis dispensary is Acreage’s first retail location in the state.

With the opening of the dispensary, located at 10520 Spring Hill Road, Acreage now owns or has management services, consulting or other agreements (including pending acquisitions) for 32 operational dispensaries in 13 states, including 14 The Botanist branded dispensaries.

Developed by Acreage, The Botanist is both a retail and product brand, deeply rooted in health and wellness, and focused on the holistic power of cannabis to help individuals live balanced lifestyles. The Botanist offers a wide selection of cannabis-derived products and features a “science meets nature” retail design reminiscent of a 19th century botanist laboratory. Offering a warm and inviting environment in which to learn about the healing properties of the cannabis plant from trained patient care specialists, the Spring Hill Botanist dispensary includes a private consultation room, The Botanist’s signature “green foliage wall,” and much more.

Cresco Labs Announces Opening Of VidaCann Dispensaries In Pensacola And Jacksonville

Cresco-Logo_BlueILLINOIS:  Cresco Labs, one of the largest vertically integrated multi-state cannabis operators in the United States, today announced the opening of new VidaCann medical cannabis dispensaries in the cities of Pensacola and Jacksonville, Florida. With the opening of the new dispensaries, VidaCann now has 12 operating dispensaries throughout the state of Florida. Cresco Labs has entered into an agreement to acquire the ownership interests of VidaCann, one of the largest and most advanced providers of medical cannabis in Florida. The acquisition of VidaCann is expected to close within the next 30 to 90 days, subject to the satisfaction of customary closing conditions including approval by the Florida Department of Health.
“Since announcing the acquisition in March, VidaCann has continued to execute on the expansion of its retail footprint,” said Cresco Labs CEO and Co-founder Charlie Bachtell. “The new dispensaries in Pensacola and Jacksonville provide a retail presence in two of the largest cities in Florida, which will improve our ability to capitalize on the very strong growth in the Florida market with more than 10,000 new patients being registered each week. Upon the closing of the acquisition, we project that Cresco Labs will have the fifth largest network of retail dispensaries in the state of Florida, which will provide us with an immediate meaningful presence in this market and an excellent platform for driving future growth. By the end of 2019, we expect to have up to 20 dispensaries operating in Florida, and that number will grow significantly in 2020 when our license converts to an unlimited number of dispensaries.”

New Dispensary Locations and Hours of Operation

Pensacola
2401 Langley Ave, Unit A
(850) 741-2895
Monday through Friday 10:00 a.m. – 7:00 p.m., Saturday 10:00 a.m. – 5:00 p.m., closed on Sunday

Jacksonville
5298 Sunbeam Road, Unit 6
(904) 337-0554
Monday through Friday 10:00 a.m. – 7:00 p.m., Saturday 10:00 a.m. – 5:00 p.m., closed on Sunday

In addition to Pensacola and Jacksonville, VidaCann operates dispensaries in Orlando, St. Petersburg, Port Charlotte, Bonita Springs, Tampa, Tallahassee, Daytona Beach, Deerfield Beach, Bradenton and Palm Bay.

With over 30 premium strains, each VidaCann dispensary offers a variety of products including flower, tinctures, capsules, vapes and concentrate syringes in a range of cannabinoid ratios from completely non-psychoactive to higher levels of THC.

 

Diamond CBD Online Store Sold over $1.1 Million Last Month, a 90% Increase Year-over-Year

DiamondCBD.com Set New Record in May for Its Online Sales as Site Was Visited by over 330,000 Users in Last 7 Days

FLORIDA: PotNetwork Holdings announced that it’s online store generated over $1.1 million in exclusive web-based sales in May 2019. Compared with May 2018, in which online sales totaled $569,671, May 2019’s record online revenues represent a year-over-year increase of over 90%.

Diamond CBD’s online sales reflect a continual impressive growth of the readership of its website. Recent analytics show that over 330,000 users visited the website in the last 7 days alone.

A recent report by Cowen Analysts published by Forbes gave the following updated outlook for CBD sales which are now projected to be: “…$16 billion by 2025. This number is an immense jump from the estimated retail sales of CBD products in 2018 that ranged between $600 million and $2 billion.” Of the findings that New York-based investment bank Cowen & Co. conducted on the CBD market, one of the most intriguing facts was that nearly 7 percent of the 2,500 polled said they had used CBD. This figure was far higher than what the Cowen analysts had expected.

“As our product lines and distribution continue to expand, and our brands continue to gain in popularity, we believe that we are well positioned to continue to take advantage of this exploding market,” stated Kevin Hagen, CEO of PotNetwork Holding, Inc.