EVERGREEN, Colo., March 29, 2018 (GLOBE NEWSWIRE) -- Pure Spectrum CBD, a leading U.S. hemp industry innovator, is proud to announce that the Company has achieved $3.6 million of its $9.8 million annual revenue goal before the end of Q1. With U.S. hemp cultivation contracts securely in place, Pure Spectrum CBD anticipates growth at a skyrocketing pace: 567% year-to-year. Pure Spectrum CBD’s growth is completely organic; no outside funding was used. The Company did not include revenue from either of the Company’s new factory-direct retail stores in Colorado and California; both locations are experiencing marked success.
In addition, Pure Spectrum CBD is announcing turn-key services for the cannabis industry giving the Company and those it serves the critical ability to forecast into 2019 and beyond. Turn-key solutions by Pure Spectrum CBD for the hemp industry include: farming, raw materials, contract manufacturing, distribution, and business services including sales.
“Forecasting is crucial in business, but it has not been truly possible for the U.S. hemp phytocannabinoid industry until now,” states Brady Bell, CEO of Pure Spectrum CBD. “Pure Spectrum CBD is uniquely able to provide quality, consistency, and predictability on a global scale with domestic hemp.”
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d1488da2-bd33-44ed-9524-1c269bb71744
Bell is a generational farmer who recognized the need for turn-key agriculture services to sustain industry growth with domestically sourced hemp. A recent industry report states that in 2018 the U.S. hemp CBD market will achieve $500 million and will more than double to $1 billion by 2020. As a result, Pure Spectrum is securing contracts that include:
Hemp Farming: land lease, USDA certified organic proprietary hemp, USDA certified organic cultivation
Hemp Food Processing: cold pressing, hulling, milling and sifting
Phytocannabinoids: bulk flower, CBD isolate, full-spectrum extract, THC-free full-spectrum distillate, CBD, isolated CBN, CBG, terpenes, water soluble CBD
Extraction Services: extraction from flower, distillation, isolation
Contract Manufacturing (FDA approved GMP-certified facility): purchase raw material, processing, finished product packaging
Distribution: business-to-business (B2B), business-to-consumer (B2C), online, retail
Business Services: hemp industry consulting, product formulation
Bell adds, “It is important to be predictable. From seed-to-sale, Pure Spectrum CBD has established proprietary infrastructure and processes to create predictability, reliability and trust. This is the foundation from which Pure Spectrum CBD establishes its business and consumer relations.”
For consumers researching phytocannabinoids, Pure Spectrum CBD’s U.S.D.A. certified organic products are made at an FDA approved GMP-certified facility in the U.S.A. from hemp, not marijuana. Pure Spectrum ships to all 50 states and anywhere internationally that hemp products are sold. The Pure Spectrum CBD line of full-spectrum hemp oil products currently includes: tincture, vape, concentrate, isolate, salve, and lotion. Pure Spectrum CBD’s new products and delivery methods will be announced in April.
Companies associated with Pure Spectrum CBD will likely indirectly benefit from the Company’s industry-leading brand marketing efforts. Pure Spectrum is an exclusive mixed martial arts (MMA) sponsor to all of VFC’s events airing on UFC Fight Pass. Also the sponsor to SuckerPunch Entertainment’s MMA athletes, viewers will begin to see professional athletes sponsored by Pure Spectrum; there are an estimated 300 million MMA fans worldwide.
Pure Spectrum CBD was featured by KUSI news, Entravision, the San Diego Union-Tribune’s radio show, Natural Awakenings and Serenity magazines. To learn more about Pure Spectrum, visit www.PureSpectrumCBD.com, or join the Company’s social community on Facebook and Instagram.
About Pure Spectrum:
Pure Spectrum, based in Evergreen, Colorado, developed a very unique marketing strategy to catapult the Company to the top of one of the most competitive emerging industries in the U.S. The Company has established partnerships with medical experts, cannabis industry leaders and world-class athletes. Pure Spectrum operates 6 offices, 2 retail locations, employs more than twenty, and ships to all 50 U.S. states, territories and countries where hemp products are sold.
Pure Spectrum has achieved vertical integration thanks in part to its partnership with Colorado Cultivars, and has established complete quality control from seed-to-sale. All of Pure Spectrum’s products are manufactured in an FDA approved GMP-certified facility in the U.S.A. All of Pure Spectrum products are accessible through the Company’s website www.PureSpectrumCBD.com as well as at two retail locations in Colorado and California.
Pure Spectrum aims to be a force of positive change within the cannabis industry and has moved to support further research in the industry through the Company’s strategic partnerships with Cannabis Research Foundation, Industrial Hemp Research Foundation, and through donations to Chronic Traumatic Encephalopathy (CTE) research. For additional details, visit www.PureSpectrumCBD.com
LEGAL DISCLOSURE
Pure Spectrum does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). Cannabidiol is a natural component of industrial hemp. Pure Spectrum’s products are not intended to cure, mitigate or diagnose disease states.
Company Information:
Pure Spectrum
27905 Meadow Dr. Suite 11 & 12
Evergreen, CO 80439
(303) 674-5759
Pure Spectrum CBD LTD
Office 3 Unit R
Penfold Works
Imperial Way
Watford, Herts United Kingdom
WD24 4YY
Media Contact:
Denise Mahaffey
Cannabis PR Media
denise@cannabisPRmedia.com
(760) 908-6565