Cannabis

MJ Holdings Shareholder Update 2019

Published

4 years ago

December 31, 2019

GlobeNewswire

Las Vegas, NV, Dec. 31, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — MJ Holdings, Inc. (OTC Pink: MJNE) (the “Company”):

As our second year of operations comes to a close, we want to share with you, our fellow shareholders, a recap of our challenges and accomplishments this past year and, more importantly, our goals for 2020. While we have faced challenges and learned important lessons, we also have accumulated valuable assets and are now positioned to move from a development stage company to our next, even more exciting and hopefully rewarding phase.

As a U.S.-based, publicly traded company in the cannabis industry, we face greater regulatory headwinds and more SEC scrutiny than our Canadian compatriots and private entities in our industry. As a result of this, we have faced on-going challenges with the review and filing of our Company’s financials; and, thus, it has taken us a bit of time to identify and find the right audit firm that understands our industry, our corporate needs and has the resources required to support us. We have grown quickly, and some may say too quickly, as we underestimated both the internal and external resources that were required to insure the timely filing of information that is critical to providing our shareholders and the public at large with transparent, accurate and real-time understanding of what MJ Holdings is today and why we believe the future is bright. Over the past six months, we have: (i) found and are working closely with an audit firm that will help us thrive, and (ii) we have added strength to our management team at the Chief Financial Officer and President roles (hired in June and July, 2019, respectively).

In spite of these challenges, we are proud of what we have achieved over this past year. And, while we can always do better, we are excited about what we can achieve together in the coming years. Just to highlight some of our accomplishments, this was a year in which we acquired additional marijuana licenses (cultivation and production); purchased additional properties and leased additional production space; improved our infrastructure; added much needed internal and external resources and key employees, and raised significant equity capital – all without diluting shareholder value and while actually reducing our total number of shares outstanding:

· In January of this year, we closed on the purchase of 260 acres of fertile farmland in the Amargosa Valley of Nevada – immediately adjacent to our current, three-acre cultivation facility. With the acquisition of an additional cultivation license and the recent approvals of local and state regulators, we expect to commence grow operations this spring on a new five-acre facility utilizing the Cravo® cultivation system, bringing our total outdoor cultivation capacity to more than 320,000 square feet. With this and the addition of our 15,000 plus square foot indoor facility in Las Vegas coming on-line in 2020 (discussed further below), we expect that MJ Holdings will be the largest grower of marijuana in the State of Nevada by the end of 2020.

· While we had a successful first harvest of our “test grow” in late 2018, our dried product weight missed our initial estimates and we netted about 5,400 lbs. of tested product available for sale. Additionally, the THC levels of our product showed variations that made it difficult to sell as flower. Thus, we elected to concentrate on pre-rolled marijuana cigarettes and marijuana trim to be processed into oil. Due to a significant increase in failed flower entering the market (marijuana that has tested positive for yeast and mold but can still be processed into oil) from our competitors, we saw a steep drop in wholesale pricing for trim in Nevada to under $400 per pound. While we are disappointed that we were unable to achieve the goals that we set for ourselves with our first test grow, we are extremely happy that: (i) we were able to successfully grow in the harsh conditions of the Nevada desert; (ii) we had a more than 90% product passing rate, and (iii) the lessons we learned in our first season that we successfully implemented with our most recent harvest.

· In an effort to have greater control over our grow, we decided to scale back a bit in 2019, reducing our crop from 13 different marijuana strains down to six and reducing the number of plants in order to achieve better overall results. We harvested the plants a full month earlier this year and the results of our 2019 harvest indicate that we made very good decisions. While maintaining our more than 90% passing rate, our crop is showing much higher and consistent THC concentrations (between 20% and almost 27%) with excellent terpene profiles. We expect total 2019 dried weight to be in excess of 3,000 lbs. with as much as 1,500 lbs. being marketed as flower. Sales of our flower have been at upwards of $1,400 per pound; and, currently, the top Las Vegas dispensaries are acquiring our products, including our LV Slugger pre-rolls, our pre-packaged Highland Brothers brand flower and our processed distillate for use in their own edible and vape products. With our own processing facility expected to commence operations in mid 2020, we expect to have considerably higher revenues from this harvest than last year’s test grow.

· In August we entered into a joint venture with Element NV, LLC to provide $5,000,000 in funding to build out our approximately 17,000 square foot, Western Avenue location as an indoor, state-of-the-art agritourism cultivation facility, known as the Highland Show-Grow. The City of Las Vegas has issued a Special Use Permit to operate a recreational marijuana establishment and in conjunction with Element NV we have made our initial investment in improving the property and are preparing detailed construction plans for submission to the City of Las Vegas Department of Buildings for approval. We expect to begin construction in late February of 2020 and be operational by the fourth quarter of next year.

· We have entered into an agreement to acquire two additional marijuana licenses in Nevada – our first production license and an additional cultivation license. We have been working diligently with the current license holders to perfect both licenses and make them operational by the end of this year. We anticipate moving the production license to our new leased facility in Pahrump, NV in the first quarter of 2020 and the cultivation license to our farm in Amargosa in May of next year. We will have operational control of both licenses upon the issuance of Conditional Marijuana Establishment Licenses by the State of Nevada’s Department of Taxation which is imminent.

· This year, we acquired a trailer/tiny home park near our Amargosa farm. This facility is providing temporary and permanent housing for our growing number of farm employees. We are continuing to make improvements to this property, and once renovated, it will become a positive revenue-generating asset as it borders a popular national wildlife refuge and sits near the entrance to Death Valley.

· We formed Alternative Hospitality, Inc. in late 2018 as a joint venture to operate a chain of cannabis-friendly, lifestyle hotel properties. Many of you may have seen the considerable press that this concept has received, primarily due to the efforts of Alternative’s President and MJ Board member, renowned hotelier Roger Bloss. We are in contract to develop our first property in Southern California and have received significant, unsolicited interest regarding other locations; we are truly excited about the future of this subsidiary.

· We formed MJ International Research Company, Ltd., a wholly-owned subsidiary of MJ Holdings, Inc., to take advantage of developing opportunities in the European Union, especially Greece; the Company is headquartered in Dublin, Ireland. We will continue to monitor the regulatory landscape and seek appropriate opportunities for MJ International in Europe.

· Last year, we shared with you our vision for potential opportunities in the burgeoning hemp industry. It was our plan to launch a small grow this year; however, we decided, after much internal debate, not to move forward at this time. We believe we made the right decision. The wholesale price for hemp biomass has plummeted by more than 70% and there appears to be a tremendous amount of raw material presently available in the marketplace. Processing of this biomass continues to represent a significant choke point for the hemp industry. We have identified a number of potential joint venture partners for the distribution of hemp related products and we will continue to seek and engage in appropriate opportunities for MJ Holdings in the overall hemp products industry.

While the overall cannabis sector has been prone to stock price volatility and we remain concerned about the current price of our stock, we are confident that improving our business fundamentals by commercializing and monetizing the assets we’ve accumulated will lead to an improved share price. In 2019, we were able to raise more than $6,000,000 in equity financing and $2,000,000 in debt financing to grow our business and position us to provide a 360-degree spectrum of infrastructure (including: cultivation, cultivation and production management, brand development and consulting services). We continue to seek the right dispensary acquisition for the Company. We expect that 2020 will be the year where we start to “prove our concept”, become vertically integrated by marrying our unique sun grown marijuana with our own production facility and dispensary thus creating a clear path to profitably in the rapidly expanding Las Vegas market and then use that success as a template for replicating the concept in other developing states through a combination of strategic partnerships, acquisitions and opening of new operations.

In the new year, will look to take steps to improve the liquidity of our stock and get back on the OTCQB, we will insure our public information is timely filed and we will continue to improve communication with our shareholders.

In closing, the future for legalized marijuana throughout the United States is looking brighter with each passing year. We will continue to be on the forefront of changing attitudes and opportunities in other legal jurisdictions. You, our shareholders, remain instrumental in our future success; we appreciate your patience, and, again, want to again thank you for all of your continuing support. We hope you continue to be part of the MJ Holdings family as we chart a course towards great success and prosperity.

Wishing everyone a happy and healthy New Year.

About MJ Holdings, Inc.

MJ Holdings Inc. (OTC PINK®: MJNE) is a highly diversified publicly traded holding company headquartered in Las Vegas, NV providing cultivation services, cultivation and production management, branding and consulting services to the regulated cannabis industry. Our management operations include a three-acre, outdoor marijuana cultivation facility in the Amargosa Valley of Nevada; we are developing a fully-licensed, indoor agritourism cultivation facility located in the city of Las Vegas known as the Highland Show-Grow and we are developing an additional five-acre farm and our own production capabilities. We are also active in identifying and acquiring revenue producing assets and licenses within legalized cannabis markets both nationally and internationally.

Safe Harbor

The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “plans,” “expects,” “intends,” “will,” “potential,” “hope” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company’s periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled “Risk Factors”, copies of which may be obtained from the SEC’s website at www.sec.gov. The parties do not undertake any obligation to update forward-looking statements contained in this press release.

Contact:

Richard Groberg or Terrence Tierney

info@mjholdingsinc.com

Cannabis

New to The Street Announces its Five Corporate Interviews, airings on Newsmax and FOX Business Network

Published

2 days ago

September 22, 2023

GlobeNewswire

NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) — FMW Media’s New to The Street, a premier business television show, announces their featured corporate lineups on shows 512 and 513. Each show is to air across New to The Street’s televised platforms on Newsmax and the FOX Business Network.

New to The Street airs on Newsmax, Episode 512, on Saturday, September 23, 2023, at 3:30 PM ET, and the FOX Business Network, Episode 513, on Monday, September 25, 2023, at 10:30 PM PT, featuring the following five (5) Corporate interviews:

1). American Made Products – American Rebel Holdings, Inc.’s (NASDAQ: AREB) ($AREB) interview with Andy Ross, Chairman/CEO.

2). E-commerce/ Digital Marketing – Society Pass Incorporated’s (NASDAQ: SOPA) ($SOPA) interview with Rokas Sidlauskas, Chief Marketing Officer.

3). Health Sciences – PreveCeutical Medical, Inc.’s (OTCQB: PRVCF) (CSE: PREV) (FSE: 18H) ($PRVCF) interview with Stephen Van Deventer, Chairman/CEO.

4). Artist – Hope Tain Oil Painting’s interview with Hope Tain, Artist/Owner.

5). “Sekur Privacy & Sekur Security Segment – The Weekly Hack” interview with internet privacy expert Mr. Alain Ghiai, CEO, Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) ($SWISF) (Sekur®).

America Rebel Holdings, Inc.’s (NASDAQ: AREB) ($AREB) Chairman/CEO Andy Ross is with New to The Street’s TV Host Jane King. From the Nasdaq MarketSite studio, Andy talks about AREB, a NASDAQ publicly traded company that makes “American Made” products. Recognized as “America’s Patriotic Brand,” the Company has several product lines, including safes. A recent FBI raid on the home of a suspected participant on January 6, 2021, at the US Capitol Building revealed a disturbing issue. A competitor’s safe, Liberty Safe, was in the home, and the FBI contacted that manufacturer about the make and model and then Liberty handed over data to open the safe without proper legal premise. Andy explains to viewers that the Company would request appropriate legal service if the FBI contacted American Rebel regarding its Champion safe. Andy informs viewers that American Rebel believes in the United States’ Constitution and those rights inherent to Americans. Privacy is essential to every American, and if the FBI served the Company, Management would fight the legal subpoena under constitutional grounds. American Rebel would never hand over proprietary safe codes.. Demand is up for the Champion’s safes because of this FBI incident. American Rebel’s Champion Safes are affordable and reliable. Another soon-to-launch American Rebel product, “American Rebel Beer,” is coming to market. The US Beer market generates around $44B yearly, and American Rebel Beer is looking forward to breaking into the US Beer market. The roll-out of its lager and light beers will be regional, with the expectation of becoming national in 2024. It is working on other beer flavors, with roll-outs expected in the months ahead. During the Show, Andy announces his new Music CD, “I Stand for You,” which can be heard on airwaves or downloaded digitally. The American Rebel Beer jingle will air soon. Viewers can learn more about the Company’s mission and products through its strong social media presence, websites, and websites like www.americanrebel.com and www.andyross.com. The on-screen QR code is available during the show; download or visit America Rebel, Inc. – http://www.americanrebel.com/.

From the Nasdaq MarketSite studio, Rokas Sidlauskas, Chief Marketing Officer of Society Pass Incorporated (NASDAQ: SOPA) ($SOPA) (“Society Pass”) talks with New to The Street’s TV Host Jane King about SOPA. With a focus on acquisitions and growing its next-generation digital e-commerce platform, SOPA continues to onboard businesses and individuals throughout Southeast Asia. Rokas explains that with about 650 million people, SE Asia is a strong growing market, and SOPA has positioned itself to take advantage of this demographic. SOPA has business operations in Vietnam with a population of 100M, and about 55% are under 30. With a highly tech-savvy population, SE Asia embraces technology and digital solutions. The Company’s loyalty program can be interchangeable in other countries. Through SOPA’s business verticals in retail goods, fintech, telecom, travel, food/beverage, and digital marketing, Rokas gives an example where travel rewards in one country are available to purchase retail products in a different country. SOPA has business operations in Singapore, Vietnam, Philippines, Indonesia, and Thailand and is looking into expanding into Malaysia. 70% of the SE Asian population does not have a conventional banking account; they use digital wallets for purchases. Rokas believes SOPA has opportunities to expand its digital ecosystem to the “Unbanked.” The Company continues executing its business plan and wants to increase its digital ecosystem loyalty program. The loyalty app is available for iOS and Android downloads. The on-screen QR code is available during the show; download or visit Society Pass Incorporated – https://thesocietypass.com/.

PreveCeutical Medical, Inc.’s (OTCQB: PRVCF) (CSE: PREV) (FSE: 18H) ($PRVCF) (“PreveCeutical”) Chairman and CEO Stephen Van Deventer talks with New to The Street’s TV Host Jane King. PreveCeutical is a medical science company that develops innovative options for preventive and curative therapies using natural and organic compounds. The Company can synthesize molecular organic compounds through its proprietary technology and extensive peptide library to create preventative medical solutions. Using the technology, PreveCeutical developed a compound tested on mice, providing pre-clinical results on a non-addictive pain treatment more potent than opioids and morphine with no significant side effects. A pharmaceutical journal published a peer-review of the pre-clinical results. Stephen has a background in investment banking and was involved in the cannabis industry. He was involved with Aurora Cannabis Company and is passionate about finding organic and natural medical preventative solutions. The scientific team at PreveCeutical consists of doctors, PhDs, and engineers, all with impressive credentials in the pharmacology and pharmaceutical industries. With pre-clinical solid data, the team is moving forward on a clinical trial with the hopes of obtaining fast-track regulatory approvals in the US, Europe, and Australia for commercial distribution of a novel non-addictive pain management drug. The on-screen QR code is available during the show; download or visit PreveCeutical Medical, Inc. – https://www.preveceutical.com/.

New to The Street’s TV Host Jane King, from the Nasdaq MarketSite studio, interviews Hope Tain, Artist/Owner of Hope Tain Oil Painting. Hope was born and raised in Beijing, China, and in the late 1990s she moved to the US to pursue her graduate degree in New York State. In 2011, Hope painted a portrait for her son as his birthday gift; she realized her talent and pursued her art career. As self-taught and working with oil, Tain creates beautiful art depicting portraits, landscapes, seascapes, and still life, anything that inspires her. Tain explains that she visualizes each oil canvas painting before beginning each artwork. Inspirations can come from the Master artists or the simplest of events in her life, but LOVE provides her with the most inspiration for her creativity. Art taught Hope anything is possible, and pursuing her passion becomes a fulfilling career. She is grateful for her family, friends, other artists, and the art gallery communities, all providing support and influential inspiration for her oils. Currently living in Massachusetts, artwork done by Hope Tain is available for sale, or you can commission her talent for your unique and personal piece of art. The on-screen QR code is available during the show; download or visit Hope Tain Oil Painting – https://www.hopetianart.com/.

This week’s New to the Street TV “Weekly Sekur Privacy & Sekur Security Segment” with internationally acclaimed internet privacy expert Mr. Alain Ghiai, CEO of Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) ($SWISF) and TV Host / Multi-media Journalist Ana Berry discuss the most recent “Phishing” attack. Ana recently received a suspicious text message disguised as genuine from the United States Postal Service (USPS). Phishing is occurring on text messaging platforms, with the hacker’s objective for one to click the message link so malware downloads on the device. Alain states that Phishing increased rapidly during and after COVID because of the increased demand for online purchasers. During checkout, most sites ask for a phone number; the hackers have that information and now try to entice the unaware to click links on text messages. Sekur’s cybersecurity products never ask for a phone number. SekurVPN, SekurMail, and SekurMessenger, each with unique features, can significantly minimize the threat of becoming a cybersecurity victim. The SekurMessenger comes with the “Chat-by-Invite” feature, which allows for a close-loop, encrypted platform protecting the subscriber and chat recipient from a possible hack. The whole text message is within Sekur’s servers located in Switzerland. The “Chat-by-Invite” is available for use in 80 countries. SekurMail, with its SekurSend/SekurReply feature, offers subscribers another excellent option for secure encrypted communications. Alain believes that to enhance your internet invisibility and greatly diminish your web footprint, use the Company’s SekurVPN service; subscribers get a Swiss IP address. The Company is offering PROMO CODE: PRIVACY; subscribers can get an additional 15% off monthly and yearly subscriptions for five years. Sekur Private Data, Ltd. does no data mining, no internet traffic tracking, no shared servers, no open-platform coding, and no third-party providers, and never asks for a phone number, and the Company owns and operates its servers in Switzerland, a country with strict privacy laws. The on-screen QR code is available during the shows to download more info or visit Sekur Private Data, Ltd. – https://sekurprivatedata.com/, http://www.Sekur.com and https://www.sekurvpn.com/. “What is your privacy worth?”

About American Rebel Holdings, Inc. (NASDAQ: AREB) ($AREB):

American Rebel Holdings, Inc. (NASDAQ: AREB) ($AREB) operates primarily as a designer, manufacturer, and marketer of branded safes and personal security and self-defense products. The Company also designs and produces branded apparel and accessories – www.americanrebel.com & www.americanrebel.com/investor-relations.

About Society Pass Incorporated (NASDAQ: SOPA) ($SOPA):

Founded in 2018 as a data-driven loyalty, fintech, and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore, and Thailand, which account for more than 80% of the Southeast Asia (SEA) population, and with offices located in Los Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (NASDAQ: SOPA) is an acquisition-focused holding company operating six interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA. Society Pass leverages technology to tailor a more personalized experience for customers in the purchase journey and transform the entire SEA retail value chain. SOPA operates Thoughtful Media Group, a Thailand-based, social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in the Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines – https://thesocietypass.com/.

About PreveCeutical Medical, Inc. (OTCQB: PRVCF) (CSE: PREV) (FSE: 18H) ($PRVCF):

PreveCeutical Medical, Inc. (OTCQB: PRVCF) (CSE: PREV) (FSE: 18H) ($PRVCF) is a health sciences company that develops innovative options for preventive and curative therapies utilizing organic and nature-identical products. The Company aims to be a leader in the preventive health sciences sector. With the completion of three of its research programs, the Company is actively working on the development, clinical trials, and commercialization of its products and has filed several provisional patent applications to protect the intellectual property from its research programs – https://www.preveceutical.com/.

About Hope Tain Oil Painting:

Hope Tain Oil Painting’s Artist/Owner, Hope Tian, finds great excitement and creativity in exploring varied subjects and eclectic oil painting styles. Her artwork ranges from impressionistic or post-impressionistic to expressionistic or fauvist to truly representational to abstract. Hope’s paintings are heavily influenced by her keen interest in and ongoing study of master painters. Standing before Hope Tian’s original oil painting, there is a deep emotional expression, creatively textured layering, vividly vibrant colors, and lively free brush strokes ranging from the lightest touch to heavy, thick paint, all resulting in a unique artistic experience – https://www.hopetianart.com/.

About Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) ($SWISF):

Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) ($SWISF) is a cybersecurity and internet privacy provider of Swiss-hosted solutions for secure communications and secure data management. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted emails, and secure communication tools. It sells its products through its websites, www.sekur.com, approved distributors, and telecommunication companies worldwide. Sekur Private Data, Ltd. serves consumers, businesses, and governments worldwide – https://www.sekurprivatedata.com and https://www.sekur.com; Twitter: @sekurprivate.

About New to The Street:

New to The Street is an FMW Media production that operates one of the longest-running US and International sponsored and syndicated Nielsen-rated programming television brands, “New to The Street. Since 2009, New to The Street has run biographical interview segment shows across major U.S. television networks. The Nielsen Rated and sponsored broadcasts programming platform reaches millions of homes in the US and international markets. FMW’s New to The Street / Newsmax televised broadcasting platform airs its syndication on Saturdays at 3:30 – 4:00 PM ET. The show also appears on Bloomberg and the FOX Business Network as sponsored programming. FMW is also one of the nation’s largest buyers of linear television, long and short-form paid programming – https://www.newsmaxtv.com/Shows/New-to-the-Street, https://www.newtothestreet.com/ & https://www.youtube.com/watch?v=4-G2–mRQUw&t=14s.

Forward-Looking Statements Disclaimer US/Canada:

This press release contains forward-looking statements within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements do not guarantee future performance or results and will not necessarily be accurate indications of when such performance or results are achieved. This press release should be considered in all filings of the Companies contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding agents that join Real. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FMW Media Contact:
Monica Brennan
monica@NewtoTheStreet.com
1-917-330-2564

“New to The Street” Business Development Office
1-516-696-5900
Support@NewToTheStreet.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a4b7c17b-6423-479b-a6df-538a9d6f9969

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d40201e-691f-48b2-9547-21f579bda0bb

Cannabis

CBD Skin Care Market Size is projected to reach USD 6466.43 million by 2030, growing at a CAGR of 32.15%: Straits Research

Published

4 days ago

September 20, 2023

GlobeNewswire

New York, United States, Sept. 20, 2023 (GLOBE NEWSWIRE) — Cannabidiol (CBD), derived from cannabis resin, is non-intoxicating. Cannabinoid (CBD) is most typically used with oils. CBD oil has anti-inflammatory, antioxidant, and skin-soothing properties. CBD oil is currently a popular ingredient in skin care and personal care products.

Since marijuana and cannabis-based cosmetics were legalized, CBD-infused skin care products have gained popularity. CBD-infused skin care products are popular because they relax. Anti-inflammatory and anti-oxidant properties make it a promising skin care ingredient. CBD-based skincare products can improve sleep and treat eczema, psoriasis, and acne. CBD-based skin care is popular among cosmetic brands. CBD-infused skin care is marketed as “natural cosmetics” CBD skin care products are expected to become popularity due to their versatility.

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/cbd-skin-care-market/request-sample

Global CBD Skin Care Market: DRIVERS

Cannabis-Derived Skin Care Products Are Gaining Popularity

A surge in the working population around the world has increased spending power and awareness of the range of commodities on the market, boosting sales of quality products. These factors have led to growing global demand for natural and organic personal care items.

People are becoming increasingly familiar with the benefits of CBD skin care products, such as CBD oil in their daily coffee, using it to their skin to relieve pain, consuming it to relieve anxiety, and using it in their sex life.

Social-Media’s Impact on Skin Diseases

Because of pollution and UV radiation, which can cause skin burns, blackening, and cancer, consumers are turning to CBD-infused cosmetics and skincare products. Consumers’ increased acquaintance with the newest skin care products helps boost sales. Companies increasingly use celebrities to sell their products and spend a lot on advertising.

YouTube and Instagram are important influences on today’s society. These portals help people find CBD skin care products. Rising customer awareness of the benefits and availability of new products should benefit the global market in the futur

Global CBD Skin Care Market: KEY FUTURE OPPORTUNITIES

Technological Advances and Mergers Create New Opportunities

Recent scientific advances have resulted to innovative CBD extracts and combinations for skin care. CBD-infused goods from multinational firms are capturing new markets and establishing new cash streams. Avon plans to develop vegan skin care products with CBD oil in 2020. As the cannabis beauty industry grows, component approaches vary. These factors boost market growth.

A growing number of technological innovations are driven by a desire to lower production costs and to foster sustainable growth from 2022 to 2030.

Report Scope

Report Metric	Details
Market Size by 2030	USD 6466.43 million
Market Size in 2021	USD 526.09 million
CAGR	32.15% (2022-2030)
Historical Data	2020-2021
Base Year	2022
Forecast Period	2023-2031
Forecast Units	Value (USD million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Technology, By Application, By Location
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Kiehl’s LLC, Medical Marijuana, ENDOCA, Elixinol Global ltd, Lord Jones, Icanic Brands Company, Inc., LEEF Organics, The CBD Skincare Co, Kana Skincare, Apothecana, Josie Maran Cosmetics, FOLIUM BIOSCIENCES, CBD for life, Pacific Roots LLC,
Key Market Opportunities	Technological Advances and Mergers Create New Opportunities
Key Market Drivers	Cannabis-Derived Skin Care Products Are Gaining Popularity

Buy Now Full Report @ https://straitsresearch.com/buy-now/cbd-skin-care-market

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the CBD Skin Care Market.

North America, which had over 45% of the market in 2021, is expected to grow quickest. Demand for CBD skin care products in North America is expected to continue high due to a large client base and the legalization of marijuana. Due to legalization in 33 states and DC, the US possesses the world’s largest cannabis market. Cannabis legalization and well-known beauty product makers should boost industry growth in the next years.

CBD-infused skin care products may fuel US customer demand. The FDA Regulation of Cannabidiol (CBD) Products prohibits marijuana but not hemp or cannabis. Manufacturing and selling CBD derivatives is lawful. CBD derivatives may be used as lotions, serums, and ointments.

Asia Pacific will grow rapidly in the future years. China, India, Japan, and Korea are expected to see substantial growth. J-beauty and K-beauty lead the worldwide skincare market, despite cannabis being illegal in Asia. This market is expected to grow rapidly in Asia.

China is one of the main manufacturers of cannabis made from hemp, and the World Bank and IMF expect it to monopolize the market throughout the predicted period. China allows the production and sale of CBD products with a maximum 0.3% THC content from cannabis Sativa fruit, seed oil, and leaf extract. This benefits its use in high-end skincare and luxury cosmetics.

Due to changing legislation, India’s CBD skin care market is growing. The Narcotic Drugs and Psychotropic Substances Act of 1985 says it’s unlawful to produce cannabis in the U.S., although states can allow its commercial or research cultivation.

Key Highlights

The Global CBD Skin Care Market size is predicted to reach at USD 6466.43 million by 2030, increasing at a CAGR of 32.15% from 2022 to 2030.
By Source,the Global CBD Skin Care Market is segmented into Hemp and Marijuana. CBD skin care products derived from hemp maintained the biggest market share.
By Type,the Global CBD Skin Care Market is segmented into Oils, Creams & Moisturizers, Masks & Serums, Cleansers, and Others. In 2021, the market was led by skin care oils containing CBD.
By Region,the Global CBD Skin Care Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market share is dominated by North America.

Major Players in Global CBD Skin Care Market

Kiehl’s LLC
Medical Marijuana
ENDOCA
Elixinol Global ltd
Lord Jones
Icanic Brands Company, Inc.
LEEF Organics
The CBD Skincare Co
Kana Skincare
Apothecana
Josie Maran Cosmetics
FOLIUM BIOSCIENCES
CBD for life
Pacific Roots LLC
Ecogen labs

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/cbd-skin-care-market/request-sample

Global CBD Skin Care Market: Segmentation

BY SOURCE

Hemp
Marijuana

BY TYPE

Oils
Creams & Moisturizers
Masks & Serums
Cleansers
Others

BY GEOGRAPHY

North America
Europe
Asia Pacific (APAC)
Latin America
Middle East and Africa (MEA)

TABLE OF CONTENT

EXECUTIVE SUMMARY
RESEARCH SCOPE & SEGMENTATION
1. Research Objectives
2. Market Definition
3. Limitations & Assumptions
4. Market Scope & Segmentation
5. Currency & Pricing Considered
MARKET OPPORTUNITY ASSESSMENT

1. Emerging Regions / Countries
2. Emerging Companies
3. Emerging Applications / End Use
4. Investment Landscape
5. New Business Models / Revenue Streams
6. TAM

MARKET TRENDS

1. Drivers
2. Market Warning Factors
3. Latest Macro Economic Indicators
4. Geopolitical Impact
5. Human Factors
6. Technology Factors

MARKET ASSESSMENT

1. Porters Five Forces Analysis
2. Value Chain Analysis
3. Sales And Distribution Channel Analysis
4. Average Pricing Analysis
5. Patent Analysis
6. M & A Agreements & Collabration Analysis
7. Export Import Analysis

ESG TRENDS
GLOBAL CBD SKIN CARE MARKET SIZE ANALYSIS

1. Global CBD Skin Care Market Introduction
2. By Source

1. 1. Introduction

1. 1. 1. Source By Value

1. 1. Hemp

1. 1. 1. By Value

1. 1. Marijuana

1. 1. 1. By Value

1. By Type

1. 1. Introduction

1. 1. 1. Type By Value

1. 1. Oils

1. 1. 1. By Value

1. 1. Creams & Moisturizers

1. 1. 1. By Value

1. 1. Masks & Serums

1. 1. 1. By Value

1. 1. Cleansers

1. 1. 1. By Value

1. 1. Others

1. 1. 1. By Value

NORTH AMERICA MARKET ANALYSIS

1. Introduction
2. By Source

1. 1. Introduction

1. 1. 1. Source By Value

1. 1. Hemp

1. 1. 1. By Value

1. 1. Marijuana

1. 1. 1. By Value

1. By Type

1. 1. Introduction

1. 1. 1. Type By Value

1. 1. Oils

1. 1. 1. By Value

1. 1. Creams & Moisturizers

1. 1. 1. By Value

1. 1. Masks & Serums

1. 1. 1. By Value

1. 1. Cleansers

1. 1. 1. By Value

1. 1. Others

1. 1. 1. By Value

1. U.S.

1. 1. By Source

1. 1. 1. Introduction
      1. Source By Value
    2. Hemp
      1. By Value
    3. Marijuana
      1. By Value

1. 1. By Type

1. 1. 1. Introduction
      1. Type By Value
    2. Oils
      1. By Value
    3. Creams & Moisturizers
      1. By Value
    4. Masks & Serums
      1. By Value
    5. Cleansers
      1. By Value
    6. Others
      1. By Value

1. Canada

EUROPE MARKET ANALYSIS

1. Introduction
2. By Source

1. 1. Introduction

1. 1. 1. Source By Value

1. 1. Hemp

1. 1. 1. By Value

1. 1. Marijuana

1. 1. 1. By Value

1. By Type
  1. Introduction

1. 1. 1. Type By Value

1. 1. Oils

1. 1. 1. By Value

1. 1. Creams & Moisturizers

1. 1. 1. By Value

1. 1. Masks & Serums

1. 1. 1. By Value

1. 1. Cleansers

1. 1. 1. By Value

1. 1. Others

1. 1. 1. By Value

1. U.K.

1. 1. By Source

1. 1. 1. Introduction
      1. Source By Value
    2. Hemp
      1. By Value
    3. Marijuana
      1. By Value

1. 1. By Type

1. 1. 1. Introduction
      1. Type By Value
    2. Oils
      1. By Value
    3. Creams & Moisturizers
      1. By Value
    4. Masks & Serums
      1. By Value
    5. Cleansers
      1. By Value
    6. Others
      1. By Value

1. Germany
2. France
3. Spain
4. Italy
5. Russia
6. Nordic
7. Benelux
8. Rest Of Europe

APAC MARKET ANALYSIS

1. Introduction
2. By Source

1. 1. Introduction

1. 1. 1. Source By Value

1. 1. Hemp

1. 1. 1. By Value

1. 1. Marijuana

1. 1. 1. By Value

1. By Type

1. 1. Introduction

1. 1. 1. Type By Value

1. 1. Oils

1. 1. 1. By Value

1. 1. Creams & Moisturizers

1. 1. 1. By Value

1. 1. Masks & Serums

1. 1. 1. By Value

1. 1. Cleansers

1. 1. 1. By Value

1. 1. Others

1. 1. 1. By Value

1. China

1. 1. By Source

1. 1. 1. Introduction
      1. Source By Value
    2. Hemp
      1. By Value
    3. Marijuana
      1. By Value

1. 1. By Type

1. 1. 1. Introduction
      1. Type By Value
    2. Oils
      1. By Value
    3. Creams & Moisturizers
      1. By Value
    4. Masks & Serums
      1. By Value
    5. Cleansers
      1. By Value
    6. Others
      1. By Value

1. Korea
2. Japan
3. India
4. Australia
5. Taiwan
6. South East Asia
7. Rest Of Asia-Pacific

MIDDLE EAST AND AFRICA MARKET ANALYSIS

1. Introduction
2. By Source

1. 1. Introduction

1. 1. 1. Source By Value

1. 1. Hemp

1. 1. 1. By Value

1. 1. Marijuana

1. 1. 1. By Value

1. By Type

1. 1. Introduction

1. 1. 1. Type By Value

1. 1. Oils

1. 1. 1. By Value

1. 1. Creams & Moisturizers

1. 1. 1. By Value

1. 1. Masks & Serums

1. 1. 1. By Value

1. 1. Cleansers

1. 1. 1. By Value

1. 1. Others

1. 1. 1. By Value

1. UAE

1. 1. By Source

1. 1. 1. Introduction
      1. Source By Value
    2. Hemp
      1. By Value
    3. Marijuana
      1. By Value

1. 1. By Type

1. 1. 1. Introduction
      1. Type By Value
    2. Oils
      1. By Value
    3. Creams & Moisturizers
      1. By Value
    4. Masks & Serums
      1. By Value
    5. Cleansers
      1. By Value
    6. Others
      1. By Value

1. Turkey
2. Saudi Arabia
3. South Africa
4. Egypt
5. Nigeria
6. Rest Of MEA

LATAM MARKET ANALYSIS

1. Introduction
2. By Source

1. 1. Introduction

1. 1. 1. Source By Value

1. 1. Hemp

1. 1. 1. By Value

1. 1. Marijuana

1. 1. 1. By Value

1. By Type

1. 1. Introduction

1. 1. 1. Type By Value

1. 1. Oils

1. 1. 1. By Value

1. 1. Creams & Moisturizers

1. 1. 1. By Value

1. 1. Masks & Serums

1. 1. 1. By Value

1. 1. Cleansers

1. 1. 1. By Value

1. 1. Others

1. 1. 1. By Value

1. Brazil

1. 1. By Source

1. 1. 1. Introduction
      1. Source By Value
    2. Hemp
      1. By Value
    3. Marijuana
      1. By Value

1. 1. By Type

1. 1. 1. Introduction
      1. Type By Value
    2. Oils
      1. By Value
    3. Creams & Moisturizers
      1. By Value
    4. Masks & Serums
      1. By Value
    5. Cleansers
      1. By Value
    6. Others
      1. By Value

1. Mexico
2. Argentina
3. Chile
4. Colombia
5. Rest Of LATAM

COMPETITIVE ASSESSMENT

1. CBD Skin Care Market Share By Manufacturers
2. CBD Skin Care Market Ranking By Revenue For Manufacturers
3. Competitive Dashboard
4. Product Mapping

MARKET PLAYERS ASSESSMENT

1. Kiehl’s LLC

1. 1. Overview
  2. Business Information
  3. Revenue
  4. ASP
  5. Gross Margin
  6. Swot Analysis
  7. Recent Developmments

1. Medical Marijuana
2. ENDOCA
3. Elixinol Global Ltd
4. Lord Jones
5. Icanic Brands Company, Inc.
6. LEEF Organics
7. The CBD Skincare Co
8. Kana Skincare
9. Apothecana
10. Josie Maran Cosmetics
11. FOLIUM BIOSCIENCES
12. CBD For Life
13. Pacific Roots LLC
14. Ecogen Labs

RESEARCH METHODOLOGY

1. Research Data

1. 1. Secondary Data

1. 1. 1. Major Secondary Sources
    2. Key Data From Secondary Sources

1. 1. Primary Data

1. 1. 1. Key Data From Primary Sources
    2. Breakdown Of Primaries

1. 1. Secondary And Primary Research

1. 1. 1. Key Industry Insights

1. Market Size Estimation

1. 1. Bottom-Up Approach
  2. Top-Down Approach
  3. Market Projection

1. Research Assumptions

1. 1. Assumptions

1. Limitations
2. Risk Assessment

APPENDIX

1. Discussion Guide
2. Customization Options
3. Related Reports

DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/cbd-skin-care-market/toc

News Media

Global CBD Skin Care Market Extends at a Healthy CAGR of 32.15%

Consumer Preference Drives the CBD Skin Care Products Market despite the Stringent Regulatory Landscape in Many Countries

Have a Look at the Related Research Report

Skincare Products Market: Information by Product Type (Facial Care, Lip Care, and Body Care), Category (Premium Skincare Products and Mass Skincare Products), and Region- Forecast till 2030

Skincare Body Products Market: Information by Gender (Male and Female), Product (Face Creams and Moisturizers), and Region — Forecast till 2030

Organic Skin Care Market: Information by Product (Face Cleanser, Face Serum), Distribution Channel (Online, Supermarket/Hypermarket), and Region — Forecast till 2030

Facial Skincare Products Market: Information by Product Type (Facial Cleanser, Toner, Facial Serum, Eye Creams), Distribution Channel (Specialty Stores), and Region — Forecast till 2030

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Cannabis

Legal Cannabis Commercialization Bolsters Vacuum Oven Demand; Essential Role in Processing Extracts and Enhancing Safety Recognized

Published

4 days ago

September 20, 2023

GlobeNewswire

Dublin, Sept. 20, 2023 (GLOBE NEWSWIRE) — The “Vacuum Ovens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The global vacuum ovens market exhibited strong growth in 2022, reaching a total valuation of US$ 234.3 million. According to this report the market is poised for continued expansion, with expectations to reach US$ 343.2 million by 2028. This growth reflects a robust compound annual growth rate (CAGR) of 6.38% during the forecast period from 2023 to 2028.

Vacuum ovens, highly versatile equipment with applications in laboratory research, engineering, and industry, play a pivotal role in the heat treatment process. These ovens conduct heat treatment within an airtight vessel, allowing the creation of a vacuum within the chamber. This capability enables precise control over the heat treatment process and offers several advantages, including:

Prevention of surface reactions like oxidation or decarburization.
Removal of surface contaminants such as oxide films and residual traces of lubricants.
Introduction of substances to the surface layers of the work.
Removal of dissolved contaminating materials from metals through degassing.

The vacuum oven market’s growth is closely tied to the legalization of cannabis in many parts of the world and the subsequent commercialization of related products. Vacuum ovens play a crucial role for legal cannabis growers in processing cannabis extract BHOs (Butane Hash oil).

These ovens enable the production of purified oil extracts while reducing the risk of fires during the extraction process. Furthermore, vacuum ovens are used in the medical industry to eliminate potentially toxic chemicals from medical devices, including artificial heart valves, pacemakers, and joint implants. These ovens also find application in testing how devices respond to the high vacuum environment of space, making them valuable equipment for the aerospace industry.

Key Market Segmentation:

The global vacuum ovens market report by [Publisher Name] analyzes key trends within each sub-segment and provides forecasts at the global and regional levels for the period from 2023 to 2028. The market is segmented based on product type and application.

Product Type:

< 200
200-300
> 300

Application:

Home Appliances
Commercial Appliances

Regional Insights:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The report offers a comprehensive analysis of the competitive landscape, featuring key players such as Cole-Parmer, Memmert GmbH+Co.KG, MTI Corporation, Sheldon Manufacturing Inc, Thermo Fisher Scientific, Accumax India, BINDER GmbH, Cascade TEK, ESPEC, Grieve, JEIO, SalvisLab Renggli, Shanghai Hasuc Instrument, Ted Pella, and Yamato Scientific.

This report provides in-depth insights into the global vacuum ovens market, covering macro overviews, micro details of industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, and more. It is a crucial resource for entrepreneurs, investors, researchers, consultants, business strategists, and anyone involved or planning to enter the vacuum ovens industry.

Key Questions Answered in This Report:

How has the global vacuum ovens market performed and what are the growth prospects in the coming years?
Which regions are the primary markets in the global vacuum ovens industry?
What impact has COVID-19 had on the global vacuum ovens industry?
How is the global vacuum ovens market segmented based on product type?
What are the applications driving the global vacuum ovens market?
What are the price trends for vacuum ovens?
What is the value chain structure of the global vacuum ovens market?
What are the key factors driving growth and challenges in the global vacuum ovens market?
Who are the major players in the global vacuum ovens market, and what is the competitive landscape like?
How are vacuum ovens manufactured?

Key Attributes:

Report Attribute	Details
No. of Pages	139
Forecast Period	2022 – 2028
Estimated Market Value (USD) in 2022	$254.3 Million
Forecasted Market Value (USD) by 2028	$343.2 Million
Compound Annual Growth Rate	5.1%
Regions Covered	Global

For more information about this report visit https://www.researchandmarkets.com/r/n83xum

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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