Baystreet.ca - The CBD Vape Oil Market is Already Seeing Soaring Demand

tagsCbd Thc Vape Cartridge

The CBD vape market is expected to gain momentum.

In fact, according to data from the Data Bridge Market Research Company, by 2027, the value of this market will reach 28.05 billion U.S. dollars, with a compound annual growth rate of 22.25%. “Increasing the use of CBD oil in certain medical applications, such as treating anxiety and depression, relieving stress, preventing diabetes, reducing pain, reducing cancer symptoms, and reducing acne, may accelerate the growth of the CBD vape juice market during the forecast period. 2020 -2027."

In addition, "due to the rapid popularity of CBD atomization, more and more people are turning to CBD atomization, including ordinary atomized cigarettes and old smokers," View Vibe reports. "CBD vape pen or CBD evaporator is a small device that can evaporate a small amount of CBD oil into breathable vapor. Inhaling this vapor is very similar to smoking, except that it does not burn at all. In addition to vaporized electronic juice (as in cigarettes) It does not carry any other substances except for plants, paper, etc.).

(CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) has just announced that its wholly-owned subsidiary Pure Extracts Manufacturing Corp. has ordered more than 30,000 vape cartridges and vape pens for the Canadian market.

These vape products are produced by a global manufacturer and follow the highest North American standards, and are expected to arrive at the company's factory in British Columbia in the first week of April. When choosing these products, consider the quality, fit and finish of their components, as well as their performance characteristics when combined with Pure Extracts essential oils. This timing coincides with Pure Extracts' recently announced retail distribution agreement to increase production capacity and submit more than 20 product SKUs to Health Canada for approval. The cartridges will be filled with some of the company's more than 30 proprietary full spectrum oil (FSO) formulations.

The company plans to target four provinces (British Columbia, Alberta, Saskatchewan and Ontario) for this type of concentrate, and the revenue from this shipment is estimated to be approximately 650,000. Canadian dollar.

Ben Nikolaevsky, CEO of Pure Extracts, said: “We are looking forward to building a stock of vape pens to prepare for retail through established provincial distribution channels. At the same time, we plan to launch Pure Chews brand CBD and THC edible gum products, and we have been We are steadily accumulating all the ingredients from oil extracts to condiments to our proprietary packaging."

(TSX: AH) (OTC: ALEAF) will

Announce its

And the results of the fiscal year before the market opens on March 25, 2021. The company will also hold an earnings conference call at 8:30 am Eastern Time. The conference call will be hosted by CEO Geoffrey Benic and CFO Benjamin Ferdinand.

(NASDAQ: CGC) (TSX: WEED) is the world's leading diversified cannabis, cannabis and vaporization device company, has entered

With the launch of Quatreau, Quatreau is a premium ready-to-drink CBD infused sparkling water. Before the launch in the United States, Canopy Growth successfully launched Canopy Growth's CBD infusion beverage in Canada in 2020. Quatreau is now the best-selling ready-to-drink CBD beverage. Quatreau soda contains 20 mg of high-quality U.S.-grown hemp-based CBD and one of four refreshing flavors. With a suggested retail price of $3.99 per 12 ounces, Quatreau is a functional zero-sugar beverage that can provide natural, low-calorie beverage alternatives at an affordable price.

(NASDAQ: TLRY) is a global pioneer in cannabis research, cultivation, production and distribution

As of December 31, 2020. Tilray Chief Executive Officer Brendan Kennedy said: “During 2020, despite the COVID-19-related challenges, we are still transforming and strengthening Tilray, achieving impressive full-year results and significantly reducing net sales. Loss and achieved our set goal to achieve breakeven or positive adjusted EBITDA in the fourth quarter of 2020. We do this to enable our core business (especially the international medical and Canadian adults in the fourth quarter) Use business) to generate considerable revenue growth, and compared with that, the annual cost has been reduced by 57 million Canadian dollars to the fourth quarter of 2019. Therefore, our current operations are more focused, more efficient and more competitive We have also strengthened our balance sheet and, together with Aphria, position Tilray as future growth and success. These results require hard work and dedication. I sincerely thank the Tilray team for what they have done to transform our business in 2020 Everything. We are now looking forward to the beginning of a new chapter in our corporate journey."

(CSE: TRUL) (OTC: TCNNF), the leading and highest performing cannabis company in the United States, will release its

Before the market opens on Tuesday, March 23, 2021. After the earnings release, management will hold a conference call at 8:30 am Eastern Time to review the financial performance.

Legal Disclaimer/In addition to the historical information provided here, the content discussed in this article contains forward-looking statements that involve certain risks and uncertainties, which may lead to actual results and any future results expressed or implied by such results , A statement of material difference in performance or achievement. Winning Media is not registered with any financial or securities regulatory agency, nor does it provide or claim that it will not provide investment advice or advice to readers of this version. In order to make specific investment decisions, readers should seek their own opinions. Winning Media only compensates for its services in the form of cash compensation. According to the agreement, Winning Media has been provided by a third party with advertising and marketing services for Pure Extracts Technologies Corp. at a price of US$3,500. We own zero shares in Pure Extracts Technologies Corp.

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