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Tuesday, August 26, 2014 10:41:26 AM
Another reason that LiveWire may be working to source CBD in China is because CANV's CBD is very expensive.
In July, LiveWire announce the availability of CannaRush Energy Chews, which in addition to the 100mg of caffeine found in their regular energy chew, also included 5mg of CBD oil.
While regular chews sold for less than $0.90 each, the CannaRush chews sold for $5 each.
LiveWire no longer lists the CannaRush chews in its online store, though it did at the time when I wrote the following post (the link is broken):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104124761
Gotta wonder if they pulled the CannaRush because of the cost, and if this effort to source CBD in China is a way to reduce the price of the product.
If I'm right, CANV is going to come up against some serious price competition for CBD.
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