VATE OFFICIALLLY RECOGNIZED AS A CBD DRINK PLAY
VATE IS NOW INCLUDED IN CBD BEVERAGE PLAYS
GREAT EXPOSURE FOR VATE !
$HIPH Breaking News June 13, 2019| $VATE , $CBD, $PURA, $KGKG - California State Lawmakers to Legalize On State L
There are many stocks in the CBD sector poised to benefit from the passage of the law normalizing the sale of CBD infused beverages
New York, New York June 13th, 2019 Cannabis Hempwire News Commentary
News Commentary from CannabisHempwire.com - For commentary inquiries, please contact info@cannabishempwire.com
With the expected passage of the bill to formally legalize the sale of CBD infused beverages, foods, and edibles, California is bypassing the FDA and leading the charge among other states who have decided to take matters into their own hands as the exploding CBD industry has compelled many of its citizens to adapt this revolutionary compound. With the country’s biggest state and world’s 8th largest economy about to formally approve CBD, these company’s in the space could see the biggest benefit, as large big box retailers like Walgreens, CVS, and Kroger could expand to allow ALL CBD products to be sold at their stores.
Kona Gold Solutions, Inc. (OTC: KGKG), a hemp and CBD lifestyle brand focused on product development in the functional beverage sector, has expanded its product offering in the past few months to add to its core Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters, announced new flavors for both its Hemp Energy Drink and CBD Energy Water product lines. These new Kona Gold Hemp Energy Drink flavors will include Bubble Gum and Candy Apple, while the new HighDrate CBD Energy Waters include Sour Apple and Blue Island Punch. KGKG is also expanding into alkaline water, with its Storm CBD High Alkaline Water. This diverse line of products would be attractive to retailers looking to make a splash in the California market, where the Company already has limited distribution.
Puration, Inc (OTC:PURA) is a CBD infused beverage company that was one of the first to develop CBD-infused beverages, launching its EVERx CBD Infused Sports Waters in the spring of 2017. Since then, they have been expanding distribution and brand awareness for the product, forging a relationship with the Arnold Sports Festival, appearing at events worldwide for the past few years. The Company has made concerted effort to grow its association with the hallmark event of the fitness industry, which would make it very attractive the huge fitness scene in the California market. PURA has show steady revenue growth to over $1million, and with its first to market status and cache with the fitness community will be an attractive option for retailers looking to make a splash in the state.
Elev8 Brands, Inc (OTC:VATE) is a CBD infused beverage company focused on the coffee and tea market. With an impressive portfolio of unmixed coffee & tea, as well as cold blend CBD infused coffee and teas, VATE has become a market leader in this category. Its Elev8 Organic line has distinguished itself in the infused CBD coffee and tea sector. By being a market front runner in this sector of the market, VATE would be an attractive brand for a large retailer to get behind to expand distribution of its coffees and teas.
American Premium Water Corporation (OTC: HIPH) is a Company that has a product very scientifically focused that would be an attractive option for retailers in California to introduce their customers to the power of CBD. HIPH has a proprietary hydro-nano technology that delivers CBD particles into the bloodstream less than 1 nanometer in diameter. This technology allows for the bioavailability of the CBD to increase by up to 90%, increasing the absorption rate of the consumer. HIPH had these claims independently verified by an independent laboratory, and its new 20mg drink is slated for release soon. This technically superior beverage will be in high demand by retailers, and it would make sense that a higher end chain like a Ralph’s or Kroger’s in California would feature this product as its first CBD infused water.
With California on the verge of formally legalizing all CBD infused products, these companies in the beverage space are most likely to benefit. Opening up the country’s largest state economy will certainly have a positive effect on sales and ultimately share appreciation for these companies. The question remains not if these companies will capitalize, but which will be first to do so.
