The global market for hemp-based cannabidiol (CBD) will grow from $90 million in 2015 to $450 million by 2020, according to the Hemp Business Journal’s latest research, which represents a compound annual growth rate of nearly 60% over the five-year period. With a growing body of research highlighting its benefits, consumers are turning towards over-the-counter CBD-infused products to improve wellness and support overall health.
Laguna Blends Inc. (OTC Pink: LAGBF) (CSE: LAG) (FK: LB6A.F) is a leader in the distribution of hemp and cannabidiol (CBD) products. Over the past year, the company has acquired the rights to two leading hemp-based CBD consumer product lines – CBD Naturals bottled water and CannaCeuticals skin care products. The company plans to market these products through its online marketplaces and growing affiliate network.
In this article, we will look at Laguna Blends’ unique approach to the market and why investors may want to take a closer look at this emerging market leader.
Growing Product Portfolio
Laguna Blends has built a strong portfolio of science-backed products that target unique segments of the hemp and CBD industry.
The company’s initial products include its ‘Caffe’ Protein Coffee developed with PNP Pharmaceuticals, as well as its PRO369 hemp protein single serve drink mixes developed in conjunction with Naturally Splendid Enterprises Ltd. (CSE: NSP) (OTC Pink: NSPDF). These products were launched in March and generated more than $100,000 in revenue during their first eleven weeks on the market, according to company press releases.
In July, the company signed a letter of intent to acquire the rights to distribute ISO International LLC’s CannaCeutical CBD skin care products across the United States, Europe, and Asia. Made with a pure, cosmeceutical-grade CBD extract from Switzerland, the skincare line provides anti-oxidant and anti-inflammatory properties to prevent the effects of aging. Clinical Continue Reading