CV Sciences Inc (CVSI)

[Wolf-man jack]

Chill here is the bottom line. In June Veritas Farms And CVSI announced they would be in 17 states and 945 stores. Today VFRM announced an expansion of 5 new states. That gives them 1350 stores in 22 states. Today, Cweb announced agreement of 1350 stores in 22 states. We announced in June that we would be in 945 stores in 17 states. If you recall, VFRM announced their Kroger deal before CVSI announced. You will get your news sooner or later you understand. We should be adding another 400 Kroger stores. Imo Wolf

FORT LAUDERDALE, FL, July 29, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Veritas Farms, Inc. (VFRM), a vertically integrated agribusiness focused on the production of full spectrum hemp oil products with naturally occurring cannabinoids, is pleased to announce that it is expanding its distribution partnership with Kroger Family of Stores into five new states and adding additional stores in existing states.

The parent company behind the top-selling brand of hemp-derived CBD oil on the market just inked a big deal with Kroger (KR).

Las Vegas-based CV Sciences (CVSI) announced Wednesday that its CBD oil will be sold in 945 Kroger-owned stores spanning 17 U.S. states.

CV Sciences shares, which trade over the counter in the U.S., jumped 10% in afternoon trading. The company previously announced a separate deal with CVS Health (CVS) in May to sell its CBD-infused balm in a limited amount of stores.

Kroger now joins a growing list of national retailers that have warmed to adding CBD products to store shelves. Walgreens Boots Alliance (WBA) also announced earlier this year that it would sell CBD products in some of their stores.

“Kroger, CVS Pharmacy, and other leading national retailers are keenly aware of the increased consumer demand for hemp-based CBD products and they are partnering with CV Sciences because of our unwavering commitment to safety and quality,” CV Sciences CEO Joe Dowling said in a statement.