CV Sciences Inc (CVSI)

[Wolf-man jack]

Play by Play... You got that right...Wolf

Oh My My Have Mercy Canada you understand..ahooooooo

Tilray on February 20 agreed to purchase Manitoba Harvest for C$419 million, or $317 million, in cash and stock to bolster its thrust into the U.S. market for CBD products. Tilray now expects to launch CBD-derived products in the U.S. as early as this summer, according to executives.

It's a bold move because clearly TLRY wants to use sales channels of AMZN and COST and WMT to sell CBD tinctures and products. But now with the Farm Bill signed, competition for those products will be intense.

Manitoba Harvest makes products such as granola, protein powder and hemp oil, and has 30,000 acres of cultivation contracted for this year. The company’s hemp-based products are sold by retailers in the U.S. and Canada, and it has inked deals with the likes of Costco Wholesale Corp. COST, +5.09% , Amazon.com Inc. AMZN, -0.32% and Walmart Inc. WMT, +0.14% , among others.

In an interview with MarketWatch, CEO Chiasson said that the current plan is to introduce a line of CBD-infused tinctures, a CBD spray and CBD gel caps. While the legality of CBD-based products in the U.S. is in question, Tilray and Manitoba Harvest say the new products will follow all required federal and state guidelines.

There's room for a number of top brands at these major retailers. CVSI should be one of them.