VANCOUVER, British Columbia, Dec. 18, 2018 (GLOBE NEWSWIRE) — Wildflower Brands Inc. (CSE: SUN, OTC:WLDFF) (the “Company”) is pleased with the passing of the 2018 Farm Bill, which includes the Hemp Farming Act of 2018. This legislation is now awaiting Presidential signature. The Bill unequivocally removes hemp as a designated controlled substance, legalizing CBD in all 50 states.
In 2016, CBD products comprised the majority of the $68 million in domestic sales of hemp goods. According to the market research firm Brightfield Group, hemp legalization is predicted to catalyze the expansion of the hemp CBD market, reaching $22 billion by 2022. By clearly legalizing industrial hemp and essentially reclassifying it as a lawful agricultural commodity, CBD products will be able to gain further mainstream retail distribution.
Wildflower products are already found in many traditional retail outlets in the health and wellness sector. With this clear statement in the form of the Hemp Farming Act, all retailers will begin to embrace CBD products as their increasing acceptance for health and wellness continues to grow. Wildflower will be able to leverage existing relationships along with the brand recognition Wildflower has earned to expand its distribution substantially.
William Maclean, CEO of Wildflower says, “Wildflower has been a leader in promoting CBD into traditional retail outlets the past few years breaking down the misconceptions surrounding it. With such a clear statement by Congress and the Senate on its legality we intend to be the leader in the expected exponential growth as public awareness grows on the health benefits of CBD.”
ABOUT WILDFLOWER BRANDS
Wildflower Brands is a company headquartered in Vancouver building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts.
On Behalf of the Board of Directors
“William MacLean”
____________________________________
William MacLean
Director and CEO
Cautionary and Forward-Looking Statements
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the marijuana industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward‐looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
The Canadian Securities Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.
CONTACT: 400-1505 West 2nd Ave Vancouver, B.C., V6Y 3Y4 Tel: (604) 559-0420 www.wildflowerbrands.co [email protected]
