- Geyser Brands is on track to become a leading provider of health-focused hemp and CBD products
- The company anticipates an acquisition of Solace Management, owner of a diverse set of brands
- Geyser Brands is well-positioned for global markets as it expands existing brands while establishing new ones
Geyser Brands Inc. (TSX.V: GYSR), a Vancouver-based leading consumer health care company, recently completed its second harvest and is anticipating a tremendous yield increase of 200 percent for its third harvest. The company is well on its way to achieving its goal of supplying hemp-derived oil products to both Canadian and global markets, as well as providing other cannabidiol (CBD) health care offerings to the consumer and pet sectors.
Geyser Brands CEO Andreas Thatcher discussed (http://cnw.fm/uQ7MC) the company’s intent to establish itself “as a leading provider of health-focused hemp and CBD products in North America, the European Union and Asia.” Thatcher noted the company’s pending acquisition of Solace Management Group Inc., praising Solace Management’s “world-class brands” that include 23 products and 59 SKUs found in up to 3,000 retail locations.
Geyser intends to expand its reach in the industry through additional acquisitions and is making licensing preparations to accommodate anticipated growth. While already holding a cultivation license from Health Canada, Geyser Brands has also applied for processing and sales licenses. After obtaining these key approvals, the company will be able to “legally infuse its expected line of health and wellness products with cannabinoids.” These products can then be sold, both in Canada and abroad.
Furthering its approach to expansion, the company has also submitted an application to Health Canada for an upgrade to its facility. Additionally, it seeks to secure high-CBD seed strains, “ensuring consistent cannabinoid profiles for its brands and products.” These strategic moves will help propel Geyser Brands into the upper echelon of the industry’s leadership.
Solace Management provides Geyser Brands with access to a diverse range of brands and products and new inroads into lucrative sectors of the cannabis industry. One sector, the global pet wellness market, is currently estimated at $132 billion and is on the rise (http://cnw.fm/Cj9Qo). Solace Management Group is well-positioned to meet the demand for this product type through its brands.
Once such brand, Apawthecary Pets, is Canada’s leading hemp-infused pet brand. The line includes products for pain, anxiety and rejuvenation, with its treats, tinctures and accessories distributed across 300 stores in Canada and 40 veterinary clinics. Another brand, WildTail Pet Products, is the first company in the world to infuse, where legal, freeze-dried pet food with hemp and hemp-derived CBD (http://cnw.fm/mY2RR). Solace Management Group has additional brands with superior offerings for the health and wellness industry. With additional licensing and diverse brands at its fingertips, Geyser Brands is well-positioned to become a leader in the industry.
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://cnw.fm/GYSR
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