--The below is a company sponsored announcement--
The global legal marijuana market size is expected to reach
Growth will be fuelled by increasing legalisation and the growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, Parkinson's disease, Alzheimer's disease, arthritis, and other neurological conditions.
The US has already legalised medical marijuana in 33 states, with early mover states such as
In the US alone, cannabis has generated an estimated
With the growth of the industry, has come a rise in cannabis-infused edibles including brownies, chocolate bars, cookies, drinks, pills, snacks, spreads and lozenges.
The industry has transitioned so completely and comprehensively that some companies in
Heavily linked to this sector is
Creso is across the entire cannabis supply chain and has developed relationships that have paved the way for entry into new markets, whilst potentially generating substantial revenues in coming years with immediate traction likely to occur as early as 2020 through its animal health and human health products.
Designed for human, Creso's cannaQIX® range of products has already had an impact. This suite of products helps manage stress and chronic pain and could be vital to this new segment of the health market.
The cannaQIX® range
The cannaQIX® range of products has already had global impact.
The cannaQIX® hemp oil derived food supplement is currently available in
In
The range of products is also available in major retailers
CannaQIX®'s global market penetration has increased significantly, with cannaQIX®, with Creso recently marking a major milestone of 100,000 packs sold.
The 100,000 packs sold milestone corresponds to over 2.5 million cannaQIX® lozenges sold since the product's launch in
There are currently three cannaQIX® lines: cannaQIX® 10 helps manage stress and cannaQIX® 25 and 50 helps manage chronic pain.
Products are being distributed through pharmacies and drug stores in
Creso's animal health products have had a similar impact
Creso's animal health product anibidiol® reach an estimated 100,000 dogs, equating to over three million anibidiol® sachets doses sold since the products launch in late-2017.
This milestone corresponds to over 3 million sachets doses of anibidiol® granules used as complementary feed.
anibidiol® Regular and anibidiol® Plus are commercialised for small, medium-sized and large pets to support the reduction of stress and help the animals' nervous systems to function well.
Pet owners report anibidiol® has also contributed to the management of pain and improved the vitality of their pets after one week of use in addition to normal feed.
Creso has filed its animal health products in
Having identified commercial partners, negotiated terms and outlined long term collaboration plans on its existing range of products, as well as for new products, 2020 is set to be a milestone year for Creso.
The positive news flow throughout January has already resulted in Creso's share price increasing by more than 70% from about
By
Earlier today the corporate announcement above was publicly released. FNArena is acting as a partner in distribution to broaden the reach. No journalists have been involved in the re-publication of this announcement.
Technical limitations
If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.
FNArena is proud about its track record and past achievements: Ten Years On
All material published by
© 2020 Acquisdata Pty Ltd., source