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Khiron Life Sciences Corp (OTCMKTS:KHRNF) Receives Approval To Bring Kuida CBD Brand To Spain

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Khiron Life Sciences Corp (OTCMKTS:KHRNF) has announced that it will be bringing the Kuida CBD brand to Spain. This comes following the receipt of the “no objection” letter from the TSXV with the move also subject to regulatory approvals in Spain.

Khiron to bring its Kuida CBD brand to Spain

The company previously announced the fulfillment of the EU cosmetic notification regulatory requirement for commercialization of seven Kuida products to a combined cosmetic market of over $6 billion.

Tejinder Virk, the President of Khiron Europe, indicated that the company’s operations in Europe have been ramping up.  As a result, the company has been able to bring its unique products, scientific capabilities, and consumer experience from Latin America to Europe, which is one of the fastest-growing markets globally. Virk indicated that the entry of the Kuida brand into Spain before expanding to Switzerland will be a huge milestone in Khiron’s strategy to serve consumers of various categories across different markets.

Kuida is Khiron’s first consumer brand of the wellness business segment. It brings cannabinoid (CBD) benefits to a range of women’s body and skincare products. The company launched Kuida in October 2018 in Columbia through wholesale, retailer, and online channels. Currently, the product is available nationally as well as through various e-commerce platforms.

Khiron keen on European expansion

As Khiron expands the distribution to Europe, it will have a preliminary soft launch in the UK, and then a strategic marketing and retail campaign will follow. The company will showcase Kuida during this year’s exhibition at Cosmoprof Worldwide Bologna 2020. The event attracted more than 265,000 attendees last year, and it is one of the largest events where those attending get to learn more about some of the leading products in the market.

Khiron is a fully licensed cannabis company that deals with growing, processing, domestic distribution as well as international export of tetrahydrocannabinol (THC) and CBD medical marijuana. The company uses its expertise to produce branded products that address important medical conditions such as epilepsy, chronic pain anxiety, and depression.

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Orchid Ventures Inc. (OTCMKTS:ORVRF) Signs Licensing Agreement Of Licensing Orchid Brand In Various States

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Orchid Ventures Inc. (OTCMKTS:ORVRF) has announced the signing of a License Agreement for licensing its Oregon-based Orchid Essential Brand.

Orchid Ventures to sell Orchid Essential s distribution license in Oregon

As part of the transaction, the company will sell the OLCC distribution license issued to the Orchid Essentials facility located in Clackamas, Oregon. It includes the sale of rights for expansion to Oklahoma and Colorado but under a different agreement at a later date. The company buying the license will conduct its business under Orchid LLC, but ownership will be under Tine Trading Company, LLC.

An experienced management team leads the companies for a portfolio of vertically integrated, multi-state companies boasting of more than 10 years in manufacturing, cultivation as well as in retail dispensaries. Most importantly, the new leadership brings more than 30 years in the supply chain, manufacturing, and sales experience in the CPG and Food Service industry.

Following the signing of the agreement, it is expected that Orechid LLC will assume distribution and operational responsibilities in the state of Oregon within 45 days. In the coming month, Orchid will complete a development plan for production and introduction of Orchid Essential products in other states.

Orchid to receive $630,000 for the acquisition of Orchid Essentials

Tine Trading Company will pay Orchid a sum of $630,000 to purchase Orchid’s revenue and inventory at an Oregon facility as well as expansion rights to Oklahoma and Colorado. The payment will also include the opportunity of securing license rights for Orchid Essentials on other states. Orchid will receive license fees on the Orchid Essential sales for a ten-year term from Orechid, which will also acquire all packaging and vaporizer hardware through PurTec Delivery as part of the licensing deal.

Orchid CEO Corey Mangold indicated that this is a massive move in changing the Orchid Essentials’ business strategy l to a licensing model. He added that the chance to partner with Tine will give the company a way of establishing its licensing terms and infrastructure to expand their brand platform.

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Mountain High Acquisitions Corp (OTCMKTS:MYHI) Completes Acquisition of GPS Associates

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Mountain High Acquisitions Corp (OTCMKTS:MYHI) has announced the completion of the acquisition of California-based GPS Associates Inc. GPS is a company that engages in the manufacture, formulation as well as distribution of CBD hemp products to its Santa Ana-based cGMP facility.

GPS produces various CBD formulations

The company comprises of top professionals that include herbalists, botanists, and chemists that are dedicated to combining premium organic CBD with other synergistic organic herbs to produce the high-quality pure product. GPS ensures that their products are tested to ascertain their purity and potency through third-party laboratories.

The CBD market is full of potential, and analysts indicate that by 2024 it will hit $20 billion sales. This is because there are several CBD applications in the market from various segments such as health products, cosmetics, pet products, pharmaceuticals, food, and beverages, as well as skincare.

Acquisition of GPS to help Mountain High succeed in CBD space

The company’s CEO Alan Smith indicated that there is massive potential in the CBD industry. He added that they expect demand for CBD products to increase, especially due to the stresses resulting from the coronavirus pandemic, thus creating accelerated growth.

For the company to be successful in the space, it has to have the right staff in terms of expertise, experience, and capital for differentiation, diversification, and distribution of products. Smith added that he is optimistic that the business combination with GPS will offer that winning formula in the fast-growing industry.

GPS’s fast-expanding product portfolio is distributed online, and the retail brand name of Zen Drops. It is also distributed via white label customers across the country. Paul Gaudreau, the CEO of GPS, stated that they believe in combining the power of organic herbs and hemp CBD in their formulations can optimize results. He added that the GPS team is currently developing new formulations as well as delivery systems. Gaudreau said that with the backing of Mountain High Acquisitions, they expect to diversify their product portfolio and enhance distribution.

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Medical Marijuana Inc. (OTCMKTS:MJNA) Subsidiary Kannaway launches Fitness Program And Also Names New Co-CEOs For HempMeds

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Medical Marijuana Inc. (OTCMKTS:MJNA) has announced that its subsidiary Kannaway has unveiled a CBD fitness program dubbed Evolve.

Kannaway launches Evolve fitness program

This is a massive move owing to the potential that the global fitness sector holds. A report by the International Health Racquet and Sportsclub Association in 2019 indicated that the industry is valued at around $100 million. Medical Marijuana CEO Stuart Titus indicated that they are delighted to enter the fitness market through their Evolve fitness program. He added that this shows the ability of Kannaway to evaluate customer needs and then bring them innovative products and services.

The company said that the Evolve program will run for eight weeks, and it was established through collaboration between a nutrition coach and Dan Miller, the Kananway spokesperson. It aims to help customers understand CBD’s significance in enhancing fitness through a blend of nutrition advice, CBD products, and workouts.

Those signing for the program will get the Evolve Product Bundle that comprises fitness tools and supplements. The bundle works together with Miller’s fitness program, and it includes a bottle of Kannaway’s Pure CBD Liquid, Bottle Shaker, Tape Measure, a Fitness Guide, Tracking sheet, and 3 Kannaway Power Protein.

Medical marijuana announced co-CEOs for HempMeds

Recently Medical Marijuana’s subsidiary HempMeds announced the appointment of Raul Elizalde and Caroline Heinz as co-CEOs of the company. Stuart indicated that he was impressed with the kind of dedication and drive the two have showcased throughout their professional years. He added that in 2018 and 2019, the company witnessed an explosion of sales in Latin America more so in Mexico and Brazil. The CEO of Medical Marijuana indicated that he is optimistic that Caroline and Raul will add more experience to the HempMeds global brand.

Caroline and Raul will continue spearheading HempMed’s daily operations in Latin America as well as overseeing global operations, sales, and marketing. The company has a presence in all states in the US, where medical marijuana is legal as well as 40 countries globally.

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