Can B Corp. (OTCQB: CANB) Plans A 2021 Modified Launch Of Its Licensed Life-Guard(R) Line of CBD And Non-CBD Products Including Such Products As Topicals And Beverages Plus A Skin Preserver Line Of Sunscreens, Lip Balms And Replenish Supplements
Can B Corp. (OTCQB: CANB) plans a 2021 launch of its licensed LifeGuard(R) line of CBD and non-CBD products, including its Skin Preserver line of sunscreens, lip balms and replenish supplements. For the Lip Balm line, the Company will engage an outside manufacturer for its lip balm and lifestyle water line. Due to COVID-19 restrictions, Can B Corp. (OTCQB: CANB) plans a limited launch in Florida and other southern states. Following is a planned retail launch in 2021. Products will be available nationally online, the company said.
The CBD market has drawn intense interest from media companies. stockmarketpress.com features specialized coverage of related stocks such as Can B Corp. (OTCQB: CANB), Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Cronos Group (NASDAQ: CRON), Canopy Growth Corp. (NYSE: CGC), Charlotte's Web (CSE: CWBHF), INSYS Therapeutics, Inc. (NASDAQ: INSY), cbdMD (NYSE: YCBD), Joy Organics (NASDAQ: JOYG),, GW Pharmaceuticals (NASDAQ: GWPH) and Supreme Cannabis Co. (OTC: SPRWF).
Can B Corp. (OTCQB: CANB) Plans A 2021 Modified Launch Of Its Licensed LifeGuard(R) Line of CBD And Non-CBD Products Including Such Products As Topicals And Beverages Plus A Skin Preserver Line Of Sunscreens, Lip Balms And Replenish Supplements
Marco Alfonsi, CEO of Can B Corp. (OTCQB: CANB), said, "We are very pleased with the initial product design and anticipate great response from consumers and look forward to this being a significant brand in the multi-billion-dollar Sun Protection category."
According to Transparency Market Research, the global Sun Care Market will reach $24.9 billion by 2024 -- reflecting a 5.8% CAGR from 2015 through 2024. It is not known how much COVID-19 has impacted the report's findings worldwide. It says that the growth projected is due in part to medical advisories regarding the harmful damages caused by UV rays from the sun to human skin. Organic and natural ingredients are also a positive growth factor offering a lucrative growth opportunity, the report finds. The North American market -- including the U.S. -- held the leading global market share at the start of the study's research date, but this market has been flooded with low priced and low quality products, it found.
Marco Alfonsi continued, "Our pipeline of opportunities remains strong highlighted by our exclusive license agreement with LifeGuard Licensing Corp. for the use of the well known LifeGuard(R) brand name and logo for a host of products that will include CBD and non-CBD formulations and our Can B Superfood line. Our team also remains focused on expanding the availability of our Pure Leaf Oil and Canbiola CBD brands, as exemplified by our recent agreement with United Grocery Outlets." Can B Corp. (OTCQB: CANB) Plans A 2021 Modified Launch Of Its Licensed LifeGuard(R) Line of CBD And Non-CBD Products Including Such Products As Topicals And Beverages Plus A Skin Preserver Line Of Sunscreens, Lip Balms And Replenish Supplements.
Importance of LifeGuard(R) License
Marco Alfonsi added, ""We believe we are well positioned with a diversified product line up, exclusive partnership with LifeGuard(R), multi-channel distribution strategy, our R&D and production facility in Lacey, Wa., and our Green Grow Farms, a licensed hemp grow and and cultivation in New York. We remain enthusiastic about our business prospects and returning to growth mode. Given our strong gross margins of almost 77%, we feel confident in being able return to the position we were earlier in 2020 when our revenue growth outpaced our growth in expenses, as we achieved operating efficiencies."
The term of the exclusive license agreement through subsidiary Canbiola with Lifeguard(R) Licensing Corp. is in five year increments through 2035, the companies said. The license agreement covers the U.S. and its territories and possessions, Canada and Mexico. Alfonso earlier this year described LifeGuard as a globally recognized brand: "The iconic red background with a white cross and LifeGuard name symbolizes safety, integrity and well-being." Can B Corp. (OTCQB: CANB) Plans A 2021 Modified Launch Of Its Licensed LifeGuard(R) Line of CBD And Non-CBD Products Including Such Products As Topicals And Beverages Plus A Skin Preserver Line Of Sunscreens, Lip Balms And Replenish Supplements.
Multi-Channel Marketing Strategy A Plus For Can B Corp. (OTCQB: CANB)
In addition to its strong almost 77% gross margins as of the latest financial reporting period, the Q2 2020 three months ended June 30, 2020. The Company is in a fast-growing CBD cannabis industry. Can B Corp. (OTCQB: CANB) offers proprietary licensed brands such as white labels, private labels through third parties and distribution through various channels such as retail, professional (physician), direct sales through its website and sales through subsidiaries. This health and wellness firm is an emerging growth company.
It markets products such as drops/tinctures, oils, creams, moisturizers, chews, isolate, gel caps, concentrates and more. Its diverse proprietary product lines are available under license, private label and branded labels. Can B Corp. (OTCQB: CANB) is a health and wellness company providing CBD products under the brands Canbiola, Seven Chakras, NuWellness, Pure Leaf Oil and Duramed. It markets to multi-channels including medical offices, doctor's offices, retailers, online and direct.
Source: Stock Market Press
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