CV Sciences Inc (CVSI)

[Det_Robert_Thorne]

CannaVest has another competitor as CBD-oil supplier

Was doing some research today and found another SEC-registered company trading on the OTC Pinks that produces and sells CBD oils obtained by industrial hemp grown in Europe.

About CBD Essence

Our 100% industrial hemp was sustainably cultivated by a co-op of European farmers with decades of experience growing the revered plant. The revival of the handy and wholesome hemp plant has encouraged farmers to plant and grow hemp for export to U.S.

CBD Essence® is made exclusively by XXXXXX Labs in St. Petersburg, Florida, USA. We went on a mission to source and solidify relationships with the stewards’ of these pristine acres of healthy hemp and make them our partners. We now offer to you an unsurpassed, unspoiled, unheard-of quality of product with assurance of purity.

In the parent company's filings, it mentions CannaVest as a competitor:

The present usage for CBD oil in the United States is estimated to be approximately 1,000-2,000 Kilograms a year and growing and with a yearly value of around $200,000,000. Currently, the apparent current competitors are; CannaVest, Inc. and Medical Marijuana, Inc., which own portions of each other’s companies, are the primary supplier of CBD oil in the United States. They supply the product in bulk to affiliate distributors and sell it retail in plastic tubes that are refined up to three levels. Real Scientific Hemp Oil™ is their trademark name.