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Signature Devices, Inc. Announces Expansion of CBD/HEMP Product Line After Passing of 2018 Farm Bill
Signature Devices, Inc. Announces Expansion of CBD/HEMP Product Line After Passing of 2018 Farm Bill.
About this update from Signature Devices Inc
[{"type":"text","content":"\nIRVINE, CA, April 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Signature Devices, Inc. (OTC PINK: SDVI), and its subsidiary Nano 101, today announced the expansion of its existing cannabidiol (CBD) and hemp product lines by the end of Q4 2019.\n Founded in 2017, Nano 101 is a nutraceutical technology company with a focus on hemp and CBD (cannabidiol) products. Nano 101 has been at the forefront of developing the latest hemp based topical delivery systems the culmination of which has been its flagship 120 mg CBD patch, which is the highest dosage CBD topical patch available on the market. The company also has a 75mg Pure Hemp Patch which is a hemp oil patch rich in phytocannabinoids and terpenes. Up till December of 2018, the question of whether CBD was federally legal had been vague and up in the air. Even though most states had legalized cannabidiol, ambiguity at the federal level was a cause of worry for many retailers and consumers of CBD. The 2018 Farm Bill finally puts the CBD legality question to rest. The bill makes hemp legal in all 50 states and the plant is now an agricultural commodity. Industrial hemp and its derivatives, such as CBD oil, are now not part of the controlled substances act. “While we never had any issues, a large portion of our customers expressed concern about purchasing and using hemp, especially, CBD-based products. Passage of the bill goes a long way to easing the minds of these customers,” says Mr. Ray Khan, CEO of Nano 101. “The bill also opens up the door for us to diversify our product lines,” continues Mr. Ray Khan, CEO of Nano 101. Indeed, Nano 101 has announced it will diversify its topical product line up. The company plans on developing a variety of patch systems that will have varying dosages of CBD oil infused in them. The primary focus will be on larger and higher dose CBD patches for those looking for something even stronger. In addition to different dosages, Nano 101 will offer patches with new CBD formulations to address different issues such as joint pain, inflammation, anxiety, and insomnia.   In addition to topical systems Nano 101 has also announced plans to enter the traditional oral CBD/Hemp space with the introduction of different CBD-based edibles and drinks by Q1 2020. Nano 101 plans to include products such as CBD gummies, K-cups, gel shot...