The Yield Growth Corp. announced that it is supporting its thriving licensing and white label business, currently with $3.7 million in signed agreements in the past 14 months, with continued development of its product catalogue. Twenty-six new products are now in stability testing with an additional 13 products on deck to start testing in the coming weeks.
Licensing agreements announced and signed in the past 14 months include $1 million for three year exclusive Italian rights to distribute brands and infuse products with CBD and THC, $1 million for US rights to infuse products with CBD and THC, $800,000 for international rights to products for a hemp infused men's line and $900,000 for European rights to infuse formulas with CBD. All currency references are in Canadian dollars.
"We continue to negotiate more licensing and distribution agreements, and we plan on signing several new deals before year end," says Penny White, Yield Growth CEO. "Our continued development of our catalogue of hemp formulas for CBD and THC infusion supports our international licensing strategy."
Yield Growth continues development of its catalogue with 26 new products in the process of stability testing at a laboratory in British Columbia. These include six essential oil perfumes, four natural remedy blends with essential oils, foot cream and hand cream made with proprietary hemp root oil and exotic botanicals. Yield Growth has also developed eight men's products, including four essential oil colognes, shaving cream, hair balm, beard oil, and eight white label versions of men's products without hemp root oil.
"Stability testing is a crucial part of the production process. It guarantees that the formulation works as intended by providing a two-year shelf life. To ensure their efficacy, we use a minimum amount of clean, plant-based preservatives in all our products," says Bhavna Solecki, Director of Product Development. "In order to create these high-quality, natural products, Yield Growth invests a lot of time in research and development. R&D is a major facet of our operations, as we seek to develop and enhance our existing
These products capitalize on the growing consumer trend in products with natural, pure ingredients. All of the formulas in Yield Growth's catalogue are cruelty free and made with high-quality essential oils and botanical extracts. All formulas are free from harmful substances, including sulfates, SLS, SLES, parabens, formaldehydes or formaldehyde-releasing agents, phthalates, mineral oil, artificial fragrances, dyes, retinyl palmitate, oxybenzone, coal tar, hydroquinone and triclosan.
Many Yield Growth beauty and wellness formulas contain hemp root oil made with Yield Growth's patent-pending extraction technology and are designed to be infused with cannabinoids, such as CBD and THC. Research group Jefferies estimates that the CBD Beauty Market will reach US$25 billion in 10 years. According to a study by Arcview Market Research and its research partner BDS Analytics, by 2027 worldwide sales of legal cannabis are forecast to reach $57 billion. The Independent Innovation Awards state that consumer spending for the international beauty market is projected to reach $758 billion in sales by 2024, and Yield Growth's robust catalog of products represents a potential turnkey opportunity for brands wishing to enter the industry.
Following the passage of the U.S. Farm Bill in late 2018, CBD-based products have rapidly spread throughout the country. Notably, the U.S. Farm Bill
Puration, Inc. announced the company has launched a pre-marketing campaign of its new CBD Infused beer, coffee, and tea beverages. PURA recently implemented
Cannabis has become the biggest story of the decade. Not only did Canada approve its use in 2018, the U.S. government has become aggressive in its attempt to
Capital raises in the cannabis industry may be roughly the same in terms of absolute numbers, but the data shows the amount being raised has grown
According to the Marijuana Business Factbook, an exclusive report by Marijuana Business Daily (MJD) containing market projections, retail sales of medical and
In April 2020, My Green Network (MyGN) will launch a dynamic platform for the first, true cannabis coworking space to empower anyone from entrepreneurs to