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PUF Ventures Launches Hemp-Derived CBD Product Line

July 11, 2017

 

Today, PUF Ventures Inc. (CSE:PUF)(OTC:PUFXF) announced the launch of their nutraceutical cannabidiol (CBD) product line. The product will be manufactured in the United States from high quality industrial hemp. PUF Ventures initially intends to market the product in Canada and Europe.  

 

Now Read: The Cannabinoid Showdown: THC vs. CBD

 

Hemp and hemp derived CBD products are one of the fastest growing segments of the cannabis industry. A recent article published in The Hemp Business Journal indicated an expected CBD consumer market of $2.1 billion by 2020. This represents a 700% growth rate in CBD sales from current levels.

 

Now Read: 22nd Century to Use Industrial Hemp to Restore Polluted Lands

 

Management Commentary

 

PUF Ventures' President and CEO, Mr. Derek Ivany

 

"The CBD market is rapidly expanding as both the medical community and retail consumers alike are beginning to awaken to the potential nutraceutical benefits of cannabidiol. The addition of our own CBD product line diversifies our future product portfolio and provides a toe-hold into this exciting and potentially lucrative segment of the cannabis industry. Europe represents a significant opportunity for our Company."

 

About PUF Ventures 

 

In addition to this new business line, PUF Ventures owns a majority interest in AAA Heidelberg, a late-stage ACMPR applicant. AAA Heidelberg has an agreement in place with Canopy Growth Corp. to join that company's CraftGrow program as soon as they receive their cultivation license.

 

PUF Ventures also owns VapeTronix, the developer of Weedbeacon as well as marijuana vape delivery devices. 

 

Conclusion

 

The Daily Marijuana Observer is working on a marijuana stock profile for PUF Ventures. In the meantime be sure to subscribe to one or more of their free email newsletters and check out their marijuana stock database

 

Also, connect with The Daily Marijuana Observer on social media via Facebook, Twitter and Instagram

 

D/M/O

 

Disclaimer
 
Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.