Relevium Technologies Inc (OTCMKTS:RLLVF) have inked a deal which will see it sell cannabinoid-infused products in the US.
The Canada-based group has signed an exclusive agreement with Hempco Food and Fiber Inc (CVE:HEMP) to launch five of the latter’s PlanetHemp products in the US.
Here’s the press release……
Among the initial line of products will be PlanetHemp Protein Superfoods and Hemp Seeds, which are expected to go on sale from the beginning of next week (March 19) on Amazon.com Inc (NASDAQ:AMZN).
“Increasing market awareness of the beneficial properties of hemp are creating strong momentum in the food and food additives space,” said Relevium chief executive Aurelio Useche.
“Through our exclusive partnership with Hempco, giving us access to its PlanetHemp brand, we are exceptionally well positioned to gain market share in this rapidly growing segment of the market.
“The launch of these products in the United States via Amazon, and in the future on other main sites, such as Jet.com, is an important milestone for both companies.”
Hemp-based and cannabinoid-infused products have been gaining popularity in recent months as a growing bank of research suggests they have various health and wellness benefits.
In fact, an article published by Forbes suggested that hemp-derived cannabidiol would be a billion-dollar market within three years.
