Business
Profile Solutions Reports Record Breaking Cannabinoid Revenue Increase of Almost 1500%
Profile Solutions Reports Record Breaking Cannabinoid Revenue Increase of Almost 1500%.
About this update from Profile Solutions Inc
[{"type":"text","content":"\n\n SUNRISE, Fla., March 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Profile Solutions, Inc. (OTC Pink:PSIQ) announced today that its wholly owned subsidiary Elite Products International, Inc. reported revenues for January - February 2018 of $ 142,618.72 compared to revenues of $ 9,617.57 for the same period in 2017, an almost 1500% increase.\n \"We moved into 2018 with the priority of generating Revenues and increasing market share for our new line of Cannabidiol (\"CBD\") products in a growing industry in its early embryonic state. We're encouraged that our product line and business strategies are working and on-target\" stated Chief Executive Officer, Dan Oran. According to Arcview Market Research (https://arcviewgroup.com/product/world-market/) and its research partner BDS Analytics (http://www.bdsanalytics.com/ ), over the next 10 years, the legal cannabis industry will see much progress around the globe. Spending on legal cannabis worldwide is expected to hit $57 billion by 2027. The adult-use (recreational) market will cover 67% of the spending; medical marijuana will take up the remaining 33%. The largest group of cannabis buyers will be in North America, going from $9.2 billion in 2017 to $47.3 billion a decade later. The largest growth spread, however, is predicted within the rest-of-world markets, from $52 million spent in 2017 to a projected $2.5 billion in 2027. About Profile Solutions Profile Solutions, Inc., through its subsidiary Elite Products International, Inc., is a leading distributor and manufacturer in the cannabinoid (CBD) industry. The Company's products contain cutting-edge CBD industrial hemp extracts in the form of edibles, creams, oils and salves. Additionally, the company developed and currently have working prototypes of a climate controlled positive identification secure depository. The Cannasafe is based on remote keyfob or fingerprint biometric access to the device. The Cannasafe was developed to store critical medications or valuables and keep them out of the reach of children or unauthorized access. Financial information can be found at https://www.otcmarkets.com/stock/PSIQ/profile. Please visit the company website at www.profilesolutionsinc.com, Facebook at https://www.facebook.com/EliteProductsINTL/, Instagram  https://www.instagram.com/elite_h...