The global industrial hemp market size was valued at $4.9 billion in 2019, and is projected to reach $18.6 billion by 2027, registering a CAGR of 22.4% from 2021 to 2027. Industrial hemp or hemp is a variety of Cannabis sativa plant species that is grown especially for the commercial purpose. Industrial hemp is a fast-growing, environmentally friendly plant with a low cost to produce.
Major market players include Grove, Inc. (NASDAQ: GRVI), Cronos Group Inc. (TSK:CRON) & The Hexo Corporation (TSX:HEXO)
Now in 44 states, Endexx Corporation (OTC;EDXC) aims to have its products in 20,000 stores, which management believes is a realistic goal, well within reach of the Company by the end of 2022. Endexx features products with controlled dosing, targeted delivery, functional plant-based ingredients and advanced formulas. The Company believes this dedication to quality products offers an experience that customers will enjoy. The success of CBD-focused Endexx products is largely thanks to strong demand and recurring orders placed by major FDM stores. Purchase orders are arriving daily from major retailers and have been accelerating due to consumer demand and sales growth. The Company’s products are also available to consumers nationwide in mass retail pharmacy chains.
$EDXC $GRVI $CRON $HEXO
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