- Acquired controlling interest in The Asher House Pet CBD brand, produced with full-spectrum, whole-plant hemp, free of THC and pesticides
- An estimated $72.13 billion will be spent on pets by Americans during 2018, with over $33 billion spent on veterinary care, supplies and OTC medicines
- Percentage of U.S. households with a pet increased from 56 percent in 1988 to 68 percent in 2018
- Sales of CBD products to U.S. consumers estimated to reach $2.1 billion by 2020, with $450 million coming from hemp-based sources
- The U.S. cannabis market is growing at an accelerated rate; industry analysts projecting a $50 billion marketplace by 2026
When it comes to taking care of household pets, Americans are spending billions to get the job done right, according to the American Pet Products Association. In 2018 alone, U.S. consumers will spend an estimated $72 billion on pets, and that includes $33 billion on veterinary care, supplies and over-the-counter medicine (http://nnw.fm/0tAKd) . Cannabis Strategic Ventures, Inc. (OTC: NUGS) is expanding its diverse portfolio by moving into the pet care arena through its acquisition of The Asher House Pet CBD brand from The Asher House LLC, as detailed in a recent news release (http://nnw.fm/hA2gv).
Under the terms of the brand acquisition agreement, Cannabis Strategic Ventures will acquire controlling interest in the Asher House Pet CBD line, a brand of U.S. hemp-derived cannabidiol…
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