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HempAmericana Signs LOI with Smart Decision for CBD-based Algorithmic Product Recommendation System in $23B Market
HempAmericana Signs LOI with Smart Decision for CBD-based Algorithmic Product Recommendation System in $23B Market.
About this update from Hemp Americana Inc
[{"type":"text","content":"\n NEW YORK, Nov. 20, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – HempAmericana, Inc. (OTC: HMPQ) (“HempAmericana” or the “Company”), an emerging leader in the CBD products market, is excited to announce that it has signed a Letter of Intent (LOI) with Smart Decision, Inc. (“SDEC”), an emerging leader in the CBD products market, to market and recommend HempAmericana products on the Company’s algorithmic affiliate marketing platform.  Salvador Rosillo, CEO of HempAmericana, stated, \"We're excited to have the opportunity to work with Smart Decision. Our operations and CBD manufacturing processes are a natural fit for Smart Decision’s unique marketing Platform. in the CBD space. CBDSmartDecision.com will be the first company that has HempAmericana’s permission to recommend and market their product on the affiliate level. This strategic move for our company puts us on the right path of success for our shareholders”  Specific terms of the deal will be disclosed in ensuing communications.  Management believes that mainstream consumer adoption of CBD products represents a tailwind set to push overall CBD sector growth in the quarters ahead. Brightfield Group joins in this appraisal, noting that 2019 alone is expected to show growth of over 900% as mainstream big-brand retailers – such as Kroger’s, Walgreens, Walmart, Rite-Aid, and others – begin to carry CBD products in plain sight of browsing consumers.  This dynamic has helped raise awareness of the health benefits now being attributed to CBD, which has become known for its ability to help treat minor issues such as headaches and inflammation as well as contributing in care for more serious ailments, such as cancer, epilepsy, and multiple sclerosis. the growth rate for the overall CBD-based products market has been accelerating during the second half of 2019. According to research from MRFR, the global CBD market is estimated to register a stunning CAGR of 125% from 2019 to 2026.  Mr. Rosillo continued, “We expect our products to provide a steady stream of orders base for years to come and look forward to a long relationship for years to come. We have many more partnerships for distribution as well as a move into Private Labeling and productions for many well-known CBD c...