Creso to release immunity boosting CBD hemp teas in Q3
The $9.9 million capped Australian-listed Creso Pharma Limited (ASX:CPH) is set to release CBD hemp teas in Q3 2020.
Creso is looking to expand its footprint in the health and wellness cannabis sector, with the market on track to grow to US23.7 Billion by 2023, according to the Brightfield Group.
Creso already has a range of human and animal products in the wellness sector, so the release of its hemp tea will expand its available product line.
This range of CBD hemp teas is described as supporting immunity levels and will be distributed globally through different commercial partners.
The release of this product, also gives Creso access to the broader tea market, which was valued at $52.1 billion in 2018 and is estimated to reach $81.6 billion by 2026, registering a CAGR of 5.8% from 2019 to 2026.
In 2018, the Asia-Pacific region accounted for more than half of the share in the global tea market and is expected to grow at a CAGR of 6.5% throughout the forecast period, so Creso could be well placed as an Australian-listed company to tap into this demand.
Successful testing leads to release
Creso has successfully developed and tested its first cannaQIX® CBD hemp instant tea to be available on the international markets in Q3.
This follows the breakthrough development its first water-soluble microgranulated hemp plant granules product to expand the cannaQIX® human health product line earlier in the year.
As with the water-soluble microgranulated hemp plant granules product, this new product was developed together with Switzerland’s Domaco Pharma based on the anibidiol® granules technology and will be used to extend Creso’s successful cannaQIX® product line.
cannaQIX® CBD instant hemp tea is offered in two product versions:
- cannaQIX® CBD instant hemp tea formulated with CBD hemp, zinc, selene, elderberry, and vitamins to support the immune system and manage stress;
- cannaQIX® NITE CBD instant hemp tea formulated with CBD hemp, zinc, selene, elderberry, lemon balm and vitamins to strengthen the immune system and support better sleep.
This new products use natural hemp plant and provide an “entourage effect” in which various compounds work together to particularly strengthen the immune system.
“With the achievement of this innovation we address customers’ needs for a natural easy to use product to support the immune system,” Dr. Gian Trepp, R&D/Commercial Director of Creso Pharma said.
The entourage effect has received considerable attention in the cannabis industry. It is also a critical factor in the food and beverage industry where multiple different molecules co-create a person’s perception of taste, smell, mouthfeel, and other sensations.
Creso Pharma plans to distribute the new products globally with different commercial partners in several countries and expects that the products will be ready for launch in Q3 2020.
Dr. Miri Halperin Wernli, Co-Founder and CEO of Creso Pharma commented on this new development, “We are looking forward to enter the markets with our new cannaQIX® CBD intstant hemp teas, as there is an increasing demand for easy to use natural products to help strengthen the immune system, particularly given the challenging healthcare times we are facing.”
Where to invest $1,000 right now
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
Like this article? You may like...
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
Publishers Notice
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.
