- Geyser
Brands is building on its mission to help people look, feel and do their
best through value-added cannabis product solutions
- The
company recently closed on its acquisition of established hemp brands
manufacturer Solace Management, adding two-dozen wellness products and 57
SKUs to its stable
- The
acquisition adds a 7,500-square-foot, GMP-compliant facility to an
existing innovation hub and manufacturing subsidiary in Coquitlam, British
Columbia
- Solace
recently received approval for sales of a new pain-relief roll-on product
following issuance of a natural product number from Health Canada
- The
global topical pain relief market is forecast to reach $13.28 billion by
2025, achieving a CAGR of 7.4 percent beginning from 2018
Consumer wellness brand cultivator Geyser
Brands Inc. (TSX.V: GYSR) is rapidly building its revenue-generating
operation thanks to the September completion of acquisition plans for hemp oil
product manufacturer Solace Management, a company whose portfolio includes 57
SKUs of consumer wellness goods and pet care products (http://ibn.fm/n15I4).
Solace recently moved into its new 7,500-square-foot GMP
(Good Manufacturing Practices)-compliant facility in Coquitlam, British
Columbia, which is expected to trigger up to a 10-fold increase in the
company’s production capacity now that it has a Natural Health Product site
license from Health Canada. Solace also intends to develop and license new
products that are either ready for production or in various stages of
development, since construction of the facility is now complete (http://ibn.fm/MlxM6).
Geyser and Solace welcomed yet another marketable product to
their stable with the receipt of an NPN (Natural Product Number) from Health
Canada for their hemp-based pain relief roll-on, which means that the
pain-relief product can now be sold as a natural health product through the
company’s Apothecary Naturals line (http://ibn.fm/ArWf7). Health Canada made an assessment of
the roll-on and found it to be safe, effective and of high quality when it is
used as directed.
“Receiving our NPN supports our vision to develop and build
brands based on trust and credibility in an emerging but heavily regulated
industry,” Geyser Brands Chairman Brad Kersch stated in a news release. “We now
have over 15,000 square feet of GMP-rated manufacturing space and our plans are
to increase our capacity significantly in preparation for the next growth phase
in the cannabis space.”
The company’s Apawthecary Pets line of products has
established itself as a leading source for all-natural hemp-based pet treats,
with formulations for snacks, salves and oral drops. Animals, like humans, may
suffer from the insomnia, digestive difficulties, pain and inflammation that
hemp products are designed to relieve. All of Apothecary’s products are made
with organic, cold-pressed and unrefined hemp seed oil extract.
Other Apothecary hemp product lines include Apothecary
Naturals for skin care and pain relief, WildTails pet foods and treats, and
Apothecary Ink, an antibacterial skin care product for new and old tattoos.
Geyser’s technology is built on a proprietary NanoFusion
formulation, which is at the heart of its topical, cream, beverage, baked
goods, oil and tincture brands. The formulation, known as NanoFusion
Technology, provides a biodelivery system that allows hemp and cannabis
products to be rapidly absorbed into the bloodstream for maximum effectiveness
(http://ibn.fm/CyFak).
Geyser’s newest roll-on product is expected to hit store
shelves and be available on a direct-to-consumer basis beginning in October.
The global topical pain relief market saw $7.48 billion in sales during 2017,
and, with the legalization of CBD products on an expanding scale, analysts such
as those with Allied Market Research predict that it will expand exponentially,
reaching $13.28 billion by 2025 and growing at a CAGR of 7.4 percent from 2018
to 2025 (http://ibn.fm/gVNdb).
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://ibn.fm/GYSR
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