Saint Petersburg, FL, Oct. 08, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Apotheca Biosciences (OTC PINK: PCFP), a developer of cutting-edge medical products, nutraceuticals, drug formulations and cannabis delivery technologies for the healthcare and consumer care industry, announces today that the Company and CB Scientific (CBSC) have joined forces to develop and unveil next generation Cannabis based THC & Hemp based infused energy and chill drinks for the consumers and patients under the brand "Magic Dragon High" and “DAVA”. DAVA Brands will initially produce Hemp based CBD infused beverages for the patients using targeted proprietary formulations. Hemp based CBD infused energy & chill drinks will be sold globally through all channels, which may include eBay and Amazon under the brand “Magic Dragon High”.
Apotheca have been working and developing exciting Hemp and CBD based formulations since 2015 using leading edge technologies and great talents. We believe we are on the cusp of a great change coming to the world with the advent of Hemp and Cannabis as medicinal harbingers, hence making companies such as PCFP pioneers in a vast undeveloped market. The current reclassification of CBD by the DEA has drastically reduced the previous headwinds.
The Company will be marketing and selling both products developed under the brands DAVA for patients and Magic Dragon High for general public. The Company has set a goal of producing over 500,000 (or more) bottles of Hemp CBD infused beverages for this calendar year.
Growing Global Market
The highest estimates have global legal cannabis sales reaching nearly $146 billion by 2025. With recreational pot in Canada, the legal recreational sales bonanza is beginning. In a matter of days, Canada will legalize recreational marijuana—and it will be the staging ground for other parts of the world.
Wells Fargo analysts estimates that cannabis-infused drinks are going to be a massive market. They’re eyeing $50 billion in sales annually in the U.S. That would give cannabis-infused drinks nearly half of the entire U.S. beer market sales annually.
According to new market data from Packaged Facts, the energy drinks sector comprises an increasing portion of the non-alcoholic beverage market, and as a sector, has grown 60% from 2008-2012 with a total U.S. sale of more than $12.5 billion in 2012. According to "Energy Drinks & Shots Market Trends in the U.S.", sales of energy drinks grew to a value of $21.5 billion by 2017, driven by expansion in retail distribution, and strong potential in new product development.
Apotheca Biosciences is developing revolutionary formulas and medical delivery systems to transform treatment methods from pain relief to Alzheimer. With the growing understanding of the effectiveness of CBD, it is impossible not to be a part of the growing CBD industry and Apotheca Biosciences will be at the forefront.
About Apotheca Biosciences Inc.
Apotheca is a developer of cutting-edge medical products, nutraceuticals, formulation and delivery technologies for the healthcare and consumer care industry. Its pipeline of products includes, transdermal, sublingual, and nasal delivery technologies for precise and controlled dosing of cannabinoids. Apotheca believes that it can deliver meaningful benefits using its technologies to the world’s aging population.
To request further information about Apotheca, please email info@apothecabio.com, or visit its website at http://www.apothecabiosciences.com/, or visit it on FB @apotheca and Twitter @apotheca
Forward-Looking Statements
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