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Greater Cannabis Company Announces Expansion Into CBD Cosmetics And Beauty Market
Greater Cannabis Company Announces Expansion Into CBD Cosmetics And Beauty Market.
About this update from Greater Cannabis Co Inc.
[{"type":"text","content":"\nBALTIMORE, MD, April 09, 2019 (GLOBE NEWSWIRE) -- Greater Cannabis Company (OTCQB: GCAN), a market leader and innovator in the development and commercialization of cannabinoid delivery systems, today announced its expansion into the cannabidiol (CBD) beauty, cosmetics and self-care markets. In addition to its highly bioavailable, orally dissolving transmucosal patch, the Company is now formulating and commercializing a new line of products for CBD-infused cosmetics and skincare applications.\n\n \n \n \n \n \n \n \n \n \n \n \n A rush of retailers have entered the CBD cosmetics market. GCANRx plans to bring its science driven products to the cosmetics and beauty market.\n \n \n \n \n \n \n \n \n\n “Consumer demand for CBD-infused beauty products has prompted major retailers such as Walgreens, Sephora and CVS, and major cosmetic brands like Estee Lauder, to move into this emerging sector,” said Aitan Zacharin, Chief Executive Officer of Greater Cannabis Company. “Our unique and proven technology coupled with the high stability of our product formulations well positions us to meet the market’s demand for CBD-infused beauty and cosmetic products.” Led by an experienced team of executives and scientists, GCANRx has developed a licensed, patented technology platform that has demonstrated high bioavailability and stability in the delivery of cannabis actives across different mediums in lab studies. The Company combines this with expertise and innovation in concept development to full-scale commercialization. Its expertise, technology and product formulations can be utilized across a variety of industries, including beauty, cosmetics and many others. “CBD has a broad range of benefits in topical application, including antioxidants for anti-aging, anti-inflammatory for acne and more,” added Zacharin. “But bioavailability and stability are enormously important to its effectiveness, which is our significant competitive advantage,” concluded Mr. Zacharin. GCANRx expanded to the cosmetic market in response to increasing request from potential clients. The Company expects to disclose new partnership and licensing agreements relating to this latest corporate development in the coming months. For additional more information on GCANRx, please visit www.gcanrx.com. About The Greater Cannabi...