Early this year, the U.S. Farm Bill passed. And it included a provision to legalize industrial hemp, which just so happens to be the main source of CBD. Before the bill, CBD was in a legal grey area with limited distribution. But now it’s possible for CBD stocks to flood into a huge variety of markets, from major retailers to pet stores to drug stores and beyond.
As the global pet care market continues it seemingly never-ending rise, year after year all things point to the fact that CBD infused products will be among the winners in the race to revenues. Given the large size of this industry, it’s no wonder investors are expecting CBD-for-pets to garner a large share of the market.
LinkResPet (OTC: LRSV) has a lot going for the company. Not only is the company perfectly positioned in the domestic CBD market, but also the stock is remains relatively under the radar.
The company recently expanded its pet line due to strong market demand that should reward shareholder and launched its online shop (www.linkrespet.com/shop/) in May, which now delivers orders across the US and Canada.
Puppy love does in fact go a long way. As the booming global pet market continues to grow, the market is estimated to have reached $125 billion in 2018. Accounting for 73% of that is global pet food sales, which alone hit $91 billion last year.
In tandem, CBD for pets is projected to be among the fastest growing CBD sectors. Last year alone, sales of CBD pet products quadrupled to $32 million from $8 million in 2017, according to the Brightfield Group. But there is a further potential for growth, with a New Frontier Data report estimating the sector to reach $125 million by 2022. In fact, pets are touted to be the “hot new cannabis customer”, as owners use CBD to ease pains and anxiety in their animals.
LinkResPet is settling as a strong contender in the North American market and is positioned to reap the rewards from the surge in demand for CBD pet products. The next step: hiring sales representatives – a key initiative that will allow the company to expand its reach and sell its products in a variety of retail suites, through wholesale online and in brick-and-mortar shops on US Highways.
Ludlow Research Updates Opinion on LRSV to a ‘speculative’ short – term valuation of $0.06 to $0.10 per share. Based on Launch of CBD Petcare Products Online, Pending Launch of Pet CBD Water https://www.otcmarkets.com/stock/LRSV/news/Ludlow-ResearchUpdatesOpinion-onLRSVto-a-speculative-short—term-valuation-of-006-to-010-per-shareBased-onLaunch-of-CBD?id=232708
LinkResPet, a subsidiary of Link Reservations Inc (OTC: LRSV), is CBD Petcare provider dedicated to improving the health and life conditions of pets worldwide. Developing and marketing hemp-based CBD products for cats, dogs and horses, Link Reservations Inc is currently present in Europe and in the US. A pioneer in the area, LinkResPet products can be found online on: www.linkrespet.com