In an emerging market, opportunities will present themselves as strong consumer brands.
The top 20 over the counter CBD companies accounted for just 17% of the overall CBD market in early 2020, with some 3,000 other competitors crowding 77% of the market, the firm estimated in a report released last week.
In assessing the remaining 83% market, we expect to utilize our internal resources to evaluate growth potential, the strength of the target brand, offerings of the target, as well as possible efficiencies to gain.
As we are a publicly traded company, we have a currency. A currency that we intend to build and utilize to partner with, foundationally sound private companies having exceptional products, management and current revenues in this CBD space.
Our approach to build revenues and shareholder value quickly thru our internal eComm will increase our CBD brand exposure and availability. In addition, and in combination, our planned external growth, by strategic CBD target acquisition, will allow us to effectively grow shareholder value quickly and efficiently.
Market Share of US CBD Companies
Source: Brightfield Group
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