- SinglePoint and other leading cannabis companies are entering the promising and highly competitive CBD pet product market
- Company, via SingleSeed subsidiary, recently launched PHYTO-BITES soft CBD chews for pets – dogs, in particular – to help them deal with stress, inflammation and separation anxiety
- The CBD pet product market is expected to be one of the most rapidly growing industry sectors, expanding at a CAGR of 57 percent by 2022
The CBD market is growing constantly, across different verticals and niches that are presenting new opportunities for expansion to companies in the sector. One of the fastest growing niches is the CBD pet market, according to leading investor news resource for hemp and cannabis stocks InvestorIdeas.com. In the first installment of a two-part analysis of the CBD pet market, Investorideas.com notes that this fat expansion comes with numerous opportunities for established cannabis and CBD enterprises that are already active on the market.
SinglePoint Inc. (OTCQB: SING) is one these organizations, alongside other leading cannabis and hemp companies such as Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), Charlotte’s Web Holdings Inc. (CSE: CWEB) (OTCQX: CWBHF) and CannTrust Holdings Inc. (TSX: TRST). All of these companies have already launched or are…
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