- The new high-end product line solidifies Geyser’s position as an early mover in the hemp-based health and wellness market
- STōND features an array of natural skin care and wellness products that are 100-percent natural and formulated with cannabis sativa hemp oil
- The product line consists of body lotions, massage oils, mud masks, headache roll-ons, joint creams, anti-wrinkle serums and others
A newly launched luxury hemp-based product line positions Geyser Brands Inc. (TSX.V: GYSR) as a leader in the cannabis wellness market. STōND is a line of 100-percent natural self-care products formulated with cannabis sativa hemp oil and features a wide range of products such as massage oils, body lotions, body scrubs, lip balms, mud masks, headache roll-ons, pain gels, joint creams, solid face serums and anti-wrinkle serums.
In a press release announcing the new line of products, the company noted that hemp is a source of potent polyunsaturated fats that play a key role in maintaining overall skin health and moisture content (http://cnw.fm/3rGw1).
Geyser Brands announced that it plans to extend STōND into the regulated cannabis space with the substitution of CBD for hemp seed oil in the very same product formulations. “The STōND products come in sustainable packaging with the belief that we need to take care of ourselves as well as our environment,” Geyser Brands Chairman Brad Kersch said in a news release. He also added that the company is in the final stages of opening its ecommerce platform for online sales.
Geyser Brands is a consumer wellness brand cultivator and owner. The company develops and markets hemp-infused health and wellness products including topicals, edibles and beverages, as well as pet-health products and foods.
The company’s proprietary NanoFusion technology plays a key role in these developments. The efficacy of many hemp products on the market is restricted due to the fact that the molecules are insoluble in nature. As a result, the active ingredients cannot readily penetrate the skin and enter bodily systems to deliver the desired results. NanoFusion is an advanced delivery system that delivers active ingredients directly to the bloodstream for an optimal effect.
The hemp-derived and CBD health and wellness niches have recently experienced significant growth, and projections suggest that they will continue growing in the years to come. The CBD cosmetics market alone is expected to expand at a rate of 31.3 percent per year in the period from 2019 to 2025 (http://cnw.fm/qAlG8).
Overall sales within the CBD field are skyrocketing. The entire sector is anticipated to expand at a rate of 107 percent per year by 2023 (http://cnw.fm/v2jQq). CBD product sales in the U.S. alone are expected to increase by 706 percent in 2019 to reach $5 billion. In comparison, the value of CBD products sold over the course of 2018 was $620 million.
Several factors are contributing to this rapid growth. Regulatory changes in the U.S., a higher level of consumer awareness, general retailers stepping up and anticipated legalization in Canada are all playing important roles.
Companies like Geyser Brands are building their product portfolios right now to capitalize on the growth that’s expected in the years to come. Currently, the company operates a 15,000-square-foot, GMP-certified manufacturing space that is in compliance with Health Canada standards.
For more information, visit the company’s website at www.GeyserBrands.com
NOTE TO INVESTORS: The latest news and updates relating to GYSR are available in the company’s newsroom at http://cnw.fm/GYSR
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