Inc ()(OTCQX:TGIFF) said Monday said its premium Canna Hemp brand of CBD wellness products is now available in more than 800 retail outlets across 46 US states.
The Canada-based cannabis company said its US distribution strategy is on track, with its footprint now encompassing licensed cannabis dispensaries, CBD-only dispensaries, health and wellness shops, and smoke and vape stores.
1993 Industries said more than 200 mainstream outlets carry the Canna Hemp brand, which appeals to wellness-conscious consumers looking for alternative products. The Canna Hemp portfolio offers over 70 high-quality, hemp-based, CBD-infused products with a range of specific effects.
READ: 1933 Industries names Ester Vigil as new president
The company noted it is estimated that CBD sales in the US will exceed $20 billion by 2024.
"We have been extremely successful at building our own distribution channels across the country, which is now one of the largest networks of CBD and a key differentiator of our company,” said President Ester Vigil. “Our integrated approach to the market is attractive to potential third-party partners as we control cultivation, extraction, manufacturing, marketing, sales, branding and wide distribution, and later this year, CBD processing.”
1993 Industries said its Canna Hemp CBD Relief Cream is the company's best-selling topical to combat inflammation, arthritis joint pain, backaches, muscles spasms, strains, bruises, cramps, and headaches.
The company, based in Vancouver, owns licensed medical and adult-use cannabis cultivation and production assets, proprietary hemp-based, CBD infused branded products, CBD extraction services and a specialized cannabis advisory firm.
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