CannaOne Technologies (CSE: CNNA) Sign Contract to Operate CBD Marketplace in USA
76CannaOne Technologies (CSE: CNNA) Sign Contract to Operate CBD Marketplace in USA - April 2, 2019 - RICH TV LIVE - CannaOne Technologies (CSE: CNNA) (FSE: 3CT) ("CannaOne" or the "Company") wishes to announce that it has entered into a formal agreement with Real Health Science ("Real Health"), to create, facilitate and operate an online CBD product purchase and delivery marketplace in the United States. The agreement was signed on March 18, 2019, with a contract term of 48 months and an option to renew for an additional 60 months at the conclusion of the initial period. The expected target date for the marketplace to be live and ready to conduct business is August 2019.
CannaOne CEO Solomon Riby-Williams stated, "Real Health has incredibly strong working relationships in place with high-quality suppliers and purveyors of CBD solutions in the US. The existing Real Health infrastructure and market positioning in the CBD market, combined with our unique and proprietary cannabis targeted technology solution offers our joint initiative a sound and superior foundation and a reasonable basis to perceive the potential it holds to be an economically lucrative long-term opportunity for our Company."
"Recent third-party reports have offered evidence that that the overall CBD market in the United States could likely eclipse $16 Billion annually by the year 2025. We feel the timing of the launch of our marketplace with Real Health could not be any better and with the recent passing of the Farm Bill provides us a legitimate foothold to potentially expand our business throughout the 50 states in the union" added Riby-Williams.
The USA CBD Market:
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