As the global pet care market continues it seemingly never-ending rise, year after year all things point to the fact that CBD infused products will be among the winners in the race to revenues.
A recent report focused solely on the CBD pet market says: “Pet-and-animal product sales are estimated to reach USD 125 million by 2022, representing a 5-year CAGR of 57%, among the fastest-growing sectors in the CBD market,”.
According to the American Pet Products Association, U.S. pet owners are estimated to have spent over $70 billion in 2018 on pet supplies, treatments and veterinary care. As CBD pet products become more readily available and accepted, well positioned suppliers and distributors will be able to exploit the tremendous opportunities for growth in the CBD pet sales.
The CBD Pet industry has shown exciting promise in terms of opportunities for investors looking to the space. Investors focused on the CBD pet industry should add these 3 stocks on top of their watchlist: Link Reservations Inc. (OTC: LRSV), Charlotte’s Web (OTC: CWBHF) and Curaleaf Holdings, Inc. (OTC: CURLF)
LinkResPet, a subsidiary of Link Reservations Inc. (OTC: LRSV), a company providing cannabidiol (CBD) products especially tailored for pets, recently announced the development of its new CBD pet beverage, LYNKS CBD Pet Water, and the launch of its new label, LYNKS, a LinkResPet sub-brand and house of new product line. The new CBD pet water product, expected to launch in Q3 2019, was created as part of the joint venture with American Premium Water Corporation (OTC: HIPH).
LYNKS CBD Pet Water is a CBD infused water that combines LinkResPet’s extensive CBD pet solutions and quality with American Premium’s hydrogen technology delivery; allowing the CBD nutrients to immediately penetrate into the cells, maximizing delivery and absorption rate and giving the body an immediate effect. LYNKS CBD Pet Water is expected to be available for retail in early Q3 2019 or sooner.
The company recently launched its e-commerce site. Consumers in the US and Canada will now be able to purchase LinkResPet’s CBD products for dogs, cats and horses on www.linkrespet.com.
Charlotte’s Web (OTC: CWBHF), introduced its first ingestible oil for dogs in 2016. The company rolled out a full line of new products for canines, including a chicken-flavored CBD oil, semi-moist meat chews and a balm that’s safe for dogs to lick, among other products.
As of May 8, 2019, Charlotte’s Web has surpassed 6,000 retail locations across the United States as consumer awareness and retailer interest surrounding hemp and CBD has reached all-time highs. More than 2,300 new retail doors were added since the start of the year – more than in all of 2018 – significantly expanding the Company’s physical brick and mortar retail reach.
To support this growing consumer and retailer demand, the Company is doubling the number of acres planted for 2019. “We planted 300 acres of hemp in 2018 and harvested 675,000 pounds of raw hemp compared to 63,000 pounds in 2017. For the 2019 season we are doubling the acres planted to ensure we will have the volumes required to meet anticipated demand through 2020 and into 2021. We share in the market’s enthusiasm and are confident in our long-term opportunity to increase our brand and market leadership position,” added Mr. Moallem.
Curaleaf Holdings, Inc. (OTC: CURLF), a leading vertically integrated cannabis operator in the United States, is taking a shot at Pets.
The company announced the launch of Bido, hemp-based CBD products for pets. CBD is a non-intoxicating, non-psychoactive compound from the cannabis sativa plant. CBD has been shown in initial third-party studies to support a pet’s overall wellness including the potential to help manage pain and anxiety. Bido pet drops come in three varieties, bacon, salmon and unflavored “pure,” and Bido soft-baked bites are available in apple chicken, peanut butter bacon, and honey sweet potato.