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Friday, 06/21/2019 8:03:05 AM

Friday, June 21, 2019 8:03:05 AM

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“With operations running efficiently at our current capacity and the scientific expertise of our Advisory Board, we are positioned to enter the functional beverage market as a major contender,” says Howard. Industry expert BEVNET has noted that consumers want more than energy drinks, and are seeking solutions that increase mental acuity, promote sleep and relaxation and support overall health and wellness. Formulations are being created now using the science of botanicals, minerals and vitamins, and unique flavor palates to support consumer interests, including those with niche health and lifestyle interests. This includes development of hemp-derived CBD products, for which we are uniquely qualified to provide given our scientific and regulatory expertise and the requirements needed to successfully enter the market. The CBD market now stands at $1.01 trillion with forecasts calling for it to grow to $22 billion by 2022. Many analysts are calling for 20% or more of that growth to occur in the CBD infused beverage space.