- Company’s new products are designed to address issues such as inflammation, joint pain, post-surgery pain and skin disorders in pets
- CBD pet market is heating up, with a growing number of cannabis companies already manufacturing products for this niche
- Pet owners spend more than $30 billion a year on supplements and other veterinary treatments, making CBD pet products a lucrative opportunity
The multiple uses of cannabidiol (CBD) for domesticated animals, especially for dogs and cats, are gaining considerable attention from both consumers and the cannabis industry as a whole, with a growing number of cannabis companies tapping into this lucrative market sector. Canadian-based biopharmaceutical company Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) already has several CBD-based pet products in development, targeting indications such as inflammation, post-surgical pain and joint pain, as well as skin disorders.
Pivot recently announced that it was accelerating development of its CBD pet product line, which will be marketed under the name…
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