NEWS PROVIDED BY Uncle Bud’s Hemp & CBD | Jul 06, 2022, 06:00 ET
Both companies share a mission to shape the future of pain relief, recovery, and relaxation for athletes and fans alike
LOS ANGELES, July 6, 2022 /PRNewswire/ — Uncle Bud’s Hemp & CBD, the Made in America, mass market leader in Hemp & CBD, announces an exclusive health and wellness partnership with US based boxing powerhouse, Golden Boy debuting on Saturday, July 16th at the heavily anticipated fight between boxing superstar Ryan Garcia and former two-time world champion Javier Fortuna. The 12-round lightweight match will take place at the Crypto.com arena. Uncle Bud’s steps into the ring of the boxing community to offer a vast array of pain relief products that will help alleviate the effects of their sport on their bodies. Golden Boy is one of the most successful boxing entertainment companies in the world and their joint partnership with Uncle Bud’s Hemp & CBD marks the first time they have partnered with a hemp and CBD wellness brand.
Uncle Bud’s Hemp & CBD has been on a rapid growth trajectory, amassing a cult-following with a burgeoning range of products, roster of major retailers and the support of a growing circle of iconic brand partners. This includes NBA Legend and Entrepreneur Earvin “Magic” Johnson, Grammy Award-winning recording artist, Toni Braxton and NHL Blackhawks star defenseman, Seth Jones. The partnership with Uncle Bud’s Hemp & CBD and 10-time world champion and Hall of Fame boxer, Oscar De La Hoya’s company, Golden Boy will continue the brands mission to expand its footprint around the athletic space and advance the relationship between 100% hemp derived CBD products and athlete wellness and recovery.
“Golden Boy has an excellent position in the boxing space, and it is an honor to partner alongside the company to highlight the importance of hemp & CBD for athletes everywhere,” said founder Bruno Schiavi, “As part of our exclusive partnership, we are excited to introduce our pain relief and recovery products to our new community of boxers and fans alike.”
Uncle Bud’s Hemp & CBD was born out of a necessity for effective and accessible pain relief and wellness protocol after Co-Founder, Garrett Greller was diagnosed with arthritis at age 14, which set him on a course to create a natural, affordable, solution to a very real problem. Consumers are loyal to Uncle Bud’s Hemp & CBD because it offers affordable and trusted hemp & CBD wellness solutions with the full range of 72 products, priced under $45 that are widely distributed through, their web site – www.unclebudshemp.com and most major retailers.
To learn more about Uncle Bud’s Hemp & CBD and their products, visit UncleBudsHemp.com as well as their associated Instagram: @unclebuds_hemp; Facebook: UncleBudsHemp and Twitter: @unclebuds_hemp
For more information about Golden Boy, visit www.goldenboypromotions.com, follow on Twitter @GoldenBoyBoxing and become a fan on Facebook at www.facebook.com/GoldenBoy. Follow on Instagram @GoldenBoy and tune in to the Golden Boy Boxing YouTube page: www.youtube.com/GoldenBoyBoxing.
About Uncle Bud’s Officially launching in September 2018 with one hero product, Uncle Bud’s Hemp & CBD has experienced unequivocal growth. In less than two years, the brand has grown to now include over 72 Hemp & CBD products powered by the proprietary formula, CANATREX™, retailed in more than 15,000 stores nationally. As a leader in the Hemp and CBD space, Uncle Bud’s takes pride in being Made in America, GMO Free, Cruelty Free and Leaping Bunny Certified. The full range includes Hemp & CBD products for pain relief, skincare, personal care, and even pet care – all retailing under $45.
About Golden Boy Los Angeles-based Golden Boy was established in 2002 by Oscar De La Hoya, the first Hispanic to own a national boxing promotional company. Golden Boy is a media and entertainment brand committed to making fighting entertainment more accessible and affordable. The company’s in-house production team develops creative original programming, holds the exclusive rights to top boxers, and has promoted some of the biggest and highest-grossing events in the history of the sport. Now, Golden Boy is one of the most successful boxing entertainment companies in the world and shapes the future of boxing for fighters and fans alike.
NEWS PROVIDED BY Financialnewsmedia.com Jun 27, 2022, 08:45 ET
PALM BEACH, Fla., June 27, 2022 /PRNewswire/ — FinancialNewsMedia.com News Commentary – The CBD skin care market has been steadily growing over the past few years and is projected to continue to rise in the coming years. CBD (known as cannabidiol) is the non-intoxicating compound extracted from marijuana or hemp plants. CBD is extracted in the form of powder, and is usually mixed with an various types of oils including olive, coconut, or hemp oil, to increase the effectiveness of CBD in varied applications. CBD oil based products are comprised of various types of properties including, anti-inflammatory, antioxidant, and skin soothing. The presence of such outstanding properties in one single blend make CBD oil as one of the key components in skin care and personal care products. CBD is highly effective and safe for use on every skin type; however, its use is extremely high among those struggling with inflammatory conditions, sensitivity, dryness, and acne. In view of these appealing inflammatory properties, CBD is utilized for fostering skin’s natural healing process, reducing the life span of eczema flare-ups as well as breakouts. Apart from this, it contains a host of antioxidant properties that curb signs of aging while also bringing down pain due to inflammatory skin conditions. A report from Market Research Future (MRFR) projects the CBD Skincare Products Market to touch an approximate valuation of USD 8.86 Billion by 2030. Also, the global market will continue to grow at rate of 5.50% from 2020 to 2030. The report said: “Alarming surge in pollution levels as well as extreme UV rays that cause skin burn and blackening and sometimes even skin cancer prompts consumers to purchase proven effective beauty and skincare products infused with CBD. Increasing knowledge about the latest products that cater to a particular skin issue also enhance the sales in the market. Companies are progressively joining hands with celebrities to endorse their products, while spending considerably on advertisements to garner the consumers’ attention.” Active Cannabis companies in the markets this week include Limitless X Inc. (OTCQB: BLAB), Canopy Growth Corporation (NASDAQ: CGC), Sundial Growers Inc. (NASDAQ: SNDL), Cronos Group Inc. (NASDAQ: CRON), Aurora Cannabis Inc. (NASDAQ: ACB).
The report continued: “Asia Pacific, being a relatively new market for CBD skincare products, has picked up quite a lot of steam over the years backed by the high number of skincare products brands based in Japan, China, Japan, and several South-East Asian nations. Continuous debates pertaining to easing the regulations for cannabis across multiple countries could ensure brighter prospects for the CBD skincare products industry in the region. Unhealthy dietary habits, air pollution and constant exposure to sun light as well as stress are some of the most common causes of bad skin conditions in the region. As a result, leading brands in the region are increasingly targeting these concerns and launching CBD infused skincare products that effectively counter these issues. Firms are also introducing products aimed at millennial as well as Gen Z consumers, who are highly focused on their physical appearance and grooming standards. North America has managed to procure the top position in the global market for CBD skincare products, especially since cannabis’s legalization across 33 US states in the year 2018. Robust demand for these skincare products, combined with the extensive pool of established firms in the US adds to the regional market’s strength. CBD skin care products enjoy massive demand among a huge customer base in the region, while marijuana’s legalization in various states across Canada and the U.S. foster the sales as well. Encouraged by the legalization as well as the strong presence of renowned beauty care brands in the region, the CBD skincare products market is touted to cover substantial grounds in the coming years.”
Limitless X Inc. (OTCQB: BLAB) BREAKING NEWS: Limitless X Anticipates Strong Sales and Earnings in the Current Fiscal Year – Company provides revenue guidance in the range of $40 million and pre-tax income exceeding $10 million for fiscal year 2022 – Limitless X Inc. (“the Company”), a creative and empowering lifestyle agency, today announced that it anticipates strong preliminary sales and earnings in the current fiscal year 2022. Limitless X recently acquired public company Bio Lab Naturals, bringing together a strong management team within the health and wellness industry. The new management will be led by Chairman and Chief Executive Officer, Jas Mathur, a successful entrepreneur, investor, and venture capitalist. Mr. Mathur has strong expertise is in ecommerce and product development and has created multiple brands in the marketing, health and wellness spaces generating hundreds of millions of dollars in revenue each year. Mr. Mathur has invested approximately $5.1 million into Limitless X and has converted the loan into preferred stock to remove debt from the Company, leaving the Company with zero debt on its balance sheet. Additionally Mr. Mathur will be taking a nominal cash salary for his duties as Chairman and CEO of the Company.
As part of the Company’s growth strategy, Limitless plans to generate organic growth while also seeking to target industry relevant companies for acquisitions to further expand its product line and operational footprint domestically and eventually internationally.
Limitless X’s Chief Financial Officer, Benjamin Chung, with significant public company experience and formerly a partner at BDO and with prior experience at PwC and Ernst & Young, has reported that the Company anticipates net revenues in the range of $40 million for fiscal year 2022 with a strong product gross profits. The Company maintains a positive outlook for future and continued earnings. CONTINUED…Read this full press release and more news for Limitless X at:https://www.financialnewsmedia.com/news-blab/
Other recent developments in the cannabis industry of note include:
Canopy Growth Corporation (NASDAQ: CGC) recently announced its financial results for the fourth quarter and fiscal year ended March 31, 2022.
David Klein, Chief Executive Officer: “Canopy Growth is building the industry’s leading portfolio of premium brands across North America. We’ve taken concrete steps to advance this ambition by strengthening our positioning in Canada, and further bolstering our U.S. THC ecosystem through the addition of two high performance brands in Wana Brands and Jetty Extracts. In the fiscal year ahead, we will remain focused on growing our market share in the key segments that will drive profitable growth and continuing to scale our premium brands across North America.”
Judy Hong, Chief Financial Officer: “Achieving profitability is critical and we have undertaken additional initiatives to streamline and drive efficiencies for our global cannabis business. In FY2023, we are focused on executing our path to profitability in Canada, while we continue to invest in high potential opportunities – particularly in BioSteel, and further developing our U.S. THC ecosystem, which we believe remains significantly under-appreciated by the market.”
Sundial Growers Inc. (NASDAQ: SNDL) recently announced that, in the context of the initial order pursuant to the Companies’ Creditors Arrangement Act (Canada) (“CCAA“) pertaining to the Zenabis Group (as defined below) rendered on June 17, 2022, it entered into a purchase agreement, in the form of a “stalking horse bid” (the “Bid Agreement“), pursuant to which the shares of Zenabis Global Inc. and the business and assets of its direct and indirectly wholly-owned subsidiaries (collectively, the “Zenabis Group“) would be acquired by Sundial. The Bid Agreement is subject to the approval by the Québec Superior Court supervising the CCAA Proceedings, and to potential alternative bids pursuant to bidding procedures that will follow. All amounts are denominated in Canadian dollars unless otherwise noted. Subject to the Court’s approval of the Bid Agreement and of bidding procedures that will be sought on July 5, 2022, the Bid Agreement will set the floor, or minimum acceptable bid, in a sale and investment solicitation process, which is designed to achieve the highest and best offer for the Zenabis Group’s business and assets and is under the supervision of Ernst & Young, acting as CCAA Monitor.
Cronos Group Inc. (NASDAQ: CRON) recently announced its 2022 first quarter business results. “I founded Cronos because of the once-in-a-lifetime opportunity to help build and shape an industry that has the potential to improve countless lives. As CEO, I am committed to re-instilling a start-up culture with a founder’s mentality across all levels of the organization,” said Mike Gorenstein, Chairman, President and CEO, Cronos Group. “The strategic realignment we announced in the first quarter of 2022 reset the organization to this mindset and we are seeing the benefits show through in our performance.”
“Our execution in product development, manufacturing, and go to market strategy resulted in strong growth in both net revenue and gross profit in the first quarter of 2022, proving that we are headed in the right direction. Our Spinach® brand is one of the most sought-after brands in the Canadian adult-use market, known for bringing high quality and differentiated products to the consumer. We are also winning with branded products in Israel, with Peace Naturals®driving significant revenue growth in the first quarter of 2022. As we execute our strategic realignment, I am encouraged with the progress we are making by increasing our market share in both Canada and Israel, and continuing to bring disruptive branded products to market. In combination with our industry leading balance sheet, our borderless products, such as SOURZ by Spinach™ winning in Canada, is one of the best ways to be prepared for legalization in the U.S.”
Aurora Cannabis Inc. (NASDAQ: ACB), the Canadian company defining the future of cannabinoids worldwide, recently announced its financial and operational results for the third quarter fiscal 2022 ended March 31, 2022.
“We continue to steer our differentiated global cannabis business towards long term shareholder value creation. This is being accomplished through a sole focus on the most profitable growth opportunities, rationalization of our Canadian cost structure and disciplined use of capital. Our plan is working and we remain firmly on track to achieving a positive Adjusted EBITDA run rate by the first half of fiscal 2023. Today, we are announcing further cost savings which will enable us to increase our range of savings under our business transformation plan from $60 to $80 million to $150 to $170 million. Our balance sheet also remains among the strongest in the industry, enabling the repurchase of $141.4 million in convertible debt early, while also providing meaningful working capital to support organic growth and pursue strategic M&A, such as our recent acquisition of Thrive Cannabis,” stated Miguel Martin, Chief Executive Officer of Aurora.
“During Q3, we continued focusing on our global medical cannabis business because it is both defensive and stable, with cash gross margins that exceed 60%. We were pleased to have experienced considerable top-line growth in this segment year over year, and with new international markets poised to open, our track record and ability to navigate complex regulatory environments position us ideally for a significant revenue opportunity globally. In terms of the Canadian adult-use market, we continue to adjust to current conditions, are excited for future contributions from the Thrive team, and are committed to a continuous stream of innovation, including advancing our premiumization strategy,” he concluded.
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM expects to be compensated forty five hundred dollars for news coverage of the current press releases issued by Limitless X Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
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Why Cannabis Companies Should Care About Their Online Accessibility
This article by Nathalie Bougenies focuses on how no sector is immune from ADA litigation, and that the recent cases involving New York based CBD retailers should sound alarm bells to other businesses in the industry, that they might be the next target for the aggressive drive-by-lawyers. Please click HERE to view the article.
The CBD boom is over and the hemp harvest season is ending, which means that the cannabis industry faces a serious bust. The November 2021 Hemp Benchmarks Report includes financial results from publicly traded CBD companies. These findings reflect a stagnant market in 2021. Despite a decline in wholesale prices, hemp-derived THC companies (Delta-8) are still seeing solid revenues. LFTD saw $29million in combined sales during the third quarter. Meanwhile, Charlotte’s Web (OTC CWBHF), the oldest hemp CBD company in America, reported a revenue decrease of 6%. Similar trends were reported by other publicly traded CBD companies like cbdmd, CV Science , and CV Technologies .
The trend in wholesale prices for different types of CBD continues to decline. Hemp Benchmarks reports that the number of acres of hemp planted and harvested this year was roughly half of what it was in 2020. There is a glut in hemp biomass and CBD-derived CBD products on the market. In addition to the lack of growth in non-intoxicating cannabis oils, the popularity of synthetic CBD-derived CBD products will mean more problems for CBD product sales. The coronavirus pandemic has also had an impact on consumer spending, including regulatory uncertainty.
A recent U.S. The U.S. CBD Market Industry Update, published by Brightfield Group, projects significant sales growth in 2022. This is due to a holiday jump and a boost from California Assembly Bill 45. It legalizes CBD production and sale in California and allows it to be added into foods and sold as a dietary supplement. The possibility that California might restrict sales of Delta-8 THC products only to state-issued marijuana licenses may provide non-toxic CBD products an important boost.
Hemp farmers can also take comfort in the increased interest in hemp fiber, and grain. The National Hemp Association submitted in December a request report to the White House. It predicted that hemp fiber and grain would have a $32 trillion dollar impact by 2030. Hemp is a crop that sequesters carbon dioxide, creates nutrient rich soil, and therefore offers great potential as a rotational crop for farmers who currently grow soy, wheat, and corn. Hemp fiber could be used as the basis of thousands of products in the supply chain.
It will take a significant investment in time, resources and education to ensure the success of hemp fiber. However, big brands such as Nike and Georgia-Pacific are already promoting hemp-based products. To minimize risks for farmers growing hemp fiber or grain, they can purchase certified seed (an option that does not apply to CBD plant seed). Contracts for growing hemp both for fiber and seed are increasing as manufacturers explore new ways to use this versatile plant.
Written by Erika Rhein Cannabis offers various medical benefits. Marijuana products help to treat different types of medical conditions such as chronic pain, nausea, epilepsy, stress disorders, etc. Marijuana has been used as herbal remedy for years now. Today, this...
NEWS PROVIDED BY Tyson 2.0 | Jun 30, 2022, 09:00 ET Round Led by JW Asset Management to Advance House of Brands Strategy Tyson 2.0 is Licensed in over 20 States and has Sold Over 4,000 lbs of Cannabis Flower ORANGE COUNTY, Calif., June 30, 2022 /PRNewswire/ -- Tyson...
NEWS PROVIDED BY Trulieve Cannabis Corp. | Jul 01, 2022, 07:43 ET New dispensary expands patient access to medical cannabis; grand opening specials available TALLAHASSEE, Fla., July 1, 2022 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve"...
We Are KayaHub
KayaHub was developed to connect consumers with legitimate cannabis businesses in a respectful, forward-thinking manner. KayaHub is more than a directory though. We are a creative group agency and a media group. We provide merchandising services as well as many ways to get your message in front of millions of users and potential clients. All or our work is custom and tailored for each and every person and business. If you’re a legitimate cannabis business and would like your business highlighted, please contact us at info@kayahub.com.
