Emblem Corp. and GreenSpace Brands announced a strategic partnership to develop and commercialize cannabidiol (CBD) infused health and beauty products for the expected adult-use cannabis market. This partnership unites a highly-regarded consumer packaged goods (CPG) company with one of Canada's most trusted licensed producers of medical cannabis.

The partnership will leverage GreenSpace's expertise in consumer brand development and distribution to launch products infused with Emblem's CBD extracts across a number of verticals including beauty, health and wellness, supplements, food and beverage. Each approved product will indicate it is "Powered by Emblem" to signify Emblem's involvement. Expansion into edibles and consumables using cannabis CBD extracts will move forward when these additional products are permitted under applicable regulations, expected in 2019.

Any CBD products will be produced and marketed in accordance with applicable Canadian laws and regulations. CBD-infused products are a growing consumer trend gaining substantial media attention. CBD is one of the most common cannabinoids in cannabis or hemp that is known for a variety of medicinal qualities without the psychoactive "high" that can be associated with tetrahydrocannabinol (THC).

CBD-infused products are part of the large supplements market which reached $41.4B in the United States in 2016. According to a 2017 report from the Brightfield Group, the hemp-derived CBD market will grow nearly 10-fold to $1.6 billion between 2016 and 2021.