Business
CBD is Heading South; Hemp/CBD Markets Spreading into Mexico and South America
CBD is Heading South; Hemp/CBD Markets Spreading into Mexico and South America.
About this update from Cannamerica Brands Corporation
[{"type":"text","content":"\nPOINT ROBERTS, Wash. and DELTA, British Columbia, March 28, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at how, as CBD gains momentum in the US, companies are eyeing the next potential markets; mainly south of the border in Mexico and South America.\n In November 2018, Mexico announced approval for the importation and sale of cannabis products at pharmacies and retailers across the country to service the Mexican population of 130+ million.  Sixty product licenses have been initially approved by the COFEPRIS thus far, and it is expected this decision will make cannabis products like hemp-derived CBD available on the shelves of general retailers across the nation. CannaOne Technologies (CSE: CNNA), a company that develops and markets various digital tools to service various segments for the cannabis industry in Canada, with its flagship product BloomKit, is taking advantage of this new southern market potential. The company recently announced entering into a formal agreement with Manna Health Services SA de CV of Mexico City, to undertake the development, launch, and operation of an industry-leading, online CBD product purchase and delivery marketplace for the Country of Mexico. The agreement was signed on March 5, 2019, with a contract term of 36 months and an option to renew for an additional 60 months at the conclusion of the initial period. \"BloomKit, our enterprise software solution, will give Manna the capability to offer a flagship and fully operational online CBD marketplace once Mexican regulations are finalized. For example, it will offer Manna the ability to inherently monitor and track pick-up and delivery logistics, and the capability to deliver historical and current trending analytics to ensure optimal management of all CBD sales channels. It will provide this all with the benefit of a simple and easy to use built-in eCommerce solution.\" Currently, Manna Health is approved by the Mexican government to buy, sell, lease, distribute, import, or export any products related to health and wellness. Once this CBD marketplace has launched, Manna has further committed to CannaOne to jointly study, analyze and utilize all market and consumer data that is collected and retained through the marketplace.\" CANNAMERICA BRANDS C...