Hemp CBD Pioneer Ramps Up Domestic Supply to Meet Growing Retailer and Consumer Demand
SAN DIEGO, July 10, 2019 (GLOBE NEWSWIRE) -- CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or “we”), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products through its industry-dominating brand, PlusCBD™ Oil, today announced the commencement of its domestic hemp sourcing initiative, including a commitment to more than 500 acres of U.S.-based hemp production for 2019.
The Company has completed supply agreements with hemp farmers in Wisconsin, Illinois, Indiana and Kentucky to meet growing retailer and consumer demand for PlusCBD™ Oil products, as well as increased interest in U.S. grown hemp CBD following the passage of the 2018 Farm Bill. This new supply of domestically produced hemp-based CBD will be extracted in the U.S. through CV Sciences’ supply chain partners and refined at the Company’s San Diego production facilities, broadening the Company’s global supply chain and raw material supply while reducing transportation and logistics costs.
Recently announced on June 12, 2019, CV Sciences expanded retail distribution of various PlusCBD™ Oil topical products in 945 Kroger stores across many of its retail banners, including Kroger, Dillons, Fry’s, Fred Meyer, King Sooper, Mariano’s, Pick ‘n Save, QFC and Smiths locations in 17 U.S. states. CV Sciences also announced recent distribution gains that include availability of PlusCBD™ Oil Extra Strength Balm in an initial launch at CVS Pharmacy stores.
With the addition of 945 Kroger locations and new distribution into other leading Food, Drug and Mass (FDM) retailers, as of June 12, 2019, PlusCBD™ Oil branded products are available in 4,591 retail stores, up from 3,308 retail stores as of March 31, 2019, an increase of 38.7% over the prior two months.
“Our product innovation and distribution initiatives continue to increase rapidly through our expansion into the FDM channel. In order to meet this demand and support the growth of the newly legal and rapidly growing U.S. hemp industry, we are proud to partner with U.S. farmers to further support the hemp CBD industry we have pioneered,” said Joseph Dowling, Chief Executive Officer. “We believe establishing and building the U.S. hemp industry will ensure a global supply chain of the highest quality hemp, while also driving job creation and economic development for rural communities – a primary goal of the 2018 Farm Bill.”
About CV Sciences, Inc.
CV Sciences, Inc. (OTCQB:CVSI) operates two distinct business segments: a consumer product division focused on manufacturing, marketing and selling plant-based CBD products to a range of market sectors; and a drug development division focused on developing and commercializing novel therapeutics utilizing CBD. The Company’s PlusCBD™ Oil is the top-selling brand of hemp-based CBD on the market, according to SPINS, the leading provider of syndicated data and insights for the natural, organic and specialty products industry. CV Sciences, Inc. has primary offices and facilities in San Diego, California. Additional information is available from OTCMarkets.com or by visiting www.cvsciences.com.
First-Ever Double-Blind, Randomized Study Titled, “Effects of a CBD-containing Supercritical Fluid Extract of Hemp on Markers of Optimal Wellness, Stress Resilience, and Recovery in Healthy Subjects,” Validates Benefits of Daily Supplementation with CV Sciences’ PlusCBD™ Oil products
LAS VEGAS, June 17, 2019 (GLOBE NEWSWIRE) -- CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or “we”), a preeminent supplier and manufacturer of hemp CBD products through its industry-dominating brand, PlusCBD™ Oil, today announced that a controlled clinical study has demonstrated its product can improve sleep, help reduce appetite, and enhance quality of life in humans. The groundbreaking study is the first-ever of its type, proving that high-quality, hemp CBD oil benefits human lives.
Using a randomized, placebo-controlled, double-blind design, 65 overweight but otherwise healthy men and women ingested either one PlusCBD™ Oil Gold Formula softgel or a placebo containing olive oil every day for six weeks. Subjects followed their normal diet and a routine of low intensity physical activity. After six weeks of supplementation, the study found PlusCBD™ Oil supplementation can improve self-reported measures of sleep, quality of life and reduce appetite, while demonstrating no adverse effects on standard biomarkers of safety.
The study was conducted by The Center for Applied Health Sciences (CAHS). CAHS is an industry-leading multidisciplinary Contract Research Organization capable of designing and executing phase I-IV clinical trials within the dietary supplement, pharmaceutical, functional food and medical food industries.
“Collectively, these seminal findings in healthy subjects demonstrate that PlusCBD™ Oil supplementation can improve measures of sleep, reduce appetite, and enhance quality of life,” said Hector Lopez, MD, CMO, and co-founder of CAHS. “This study is an important contribution for all stakeholders, as it represents the first randomized clinical trial that we are aware of regarding the safety and efficacy of multi-constituent hemp CBD extract in healthy human subjects, and we hope it will serve as a template for further research into the many potential benefits of this fascinating compound.”
The groundbreaking research was presented for the first time on June 15th at the International Society of Sports Nutrition’s 16th Annual Conference and Expo in Las Vegas.
“According to the National Institutes of Health, more than one-third of adults report daytime sleepiness so severe that it interferes with work, driving, and social functioning at least a few days each month,” said Joseph Dowling, Chief Executive Officer of CV Sciences. “As the industry leader, we are committed to advancing research and education to help more and more consumers realize the many benefits of hemp CBD supplementation.”
“The Center for Applied Health Sciences collected additional data during the clinical trial, and we are looking forward to future analyses that explores how hemp CBD can create positive changes in human stress resilience, nervous system function, body composition, inflammation, as well as targeted gene expression,” said Douglas MacKay, Senior Vice President of Scientific and Regulatory Affairs for CV Sciences.
A copy of the abstract, titled “Effects of a CBD-containing Supercritical Fluid Extract of Hemp on Markers of Optimal Wellness, Stress Resilience, and Recovery in Healthy Subjects,” is available here.