Eurolife Brands Bolsters CBD Portfolio with Global Rights of CBD Food Products in 75+ Jurisdictions

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Reports Significant Market Opportunity for Global Sauces, Condiments and Dressings

Toronto, Ontario--(Newsfile Corp. - January 23, 2020) - EuroLife Brands (CSE: EURO) (FSE: 3CMA) (OTC Pink: EURPF) ("EuroLife" or the "Company"), a vertically integrated enterprise focused on the pan-European hemp, cannabinoid, and health and wellness sector, is pleased to announce an update to the definitive agreement with 9385-4594 Quebec Inc. announced on December 31, 2019, to acquire the global rights in more than 75 jurisdictions, to a portfolio of CBD infused food products including hot sauce, olive oils and related products.

"Our research indicates a significant market opportunity within the European Union, the greater European region and around the world for CDB infused food products," said Shawn Moniz, CEO of EuroLife. "Our first priority is to successfully launch within the European Union and then move to other friendly CBD jurisdictions. We are working towards facilitating a favourable distribution setup as we prepare to take our products to market. We look forward to incorporating these high-quality hot sauces, olive oils and related products into our growing line of CBD infused food products."

The EuroLife portfolio of CBD based food products will compete in the large and growing global market category of sauces, dressings, and condiments. A recent analyst reports from Global Industry Analysts suggest the a current worldwide annual market value of approximately US$5.2 billion, which is projected grow by US$11.7 billion over the next five years, driven by a compounded growth of 4.9%. Europe, an important economic block of countries in the world economy, will add over US$747.9 million to the region's value in the next 5 to 6 years.

Read the full report: https://www.reportlinker.com/p05817812/?utm_source=PRN

The definitive agreement for premium CBD food products adds to a growing portfolio of hemp and CBD products with underlying production assets focused on the European Union (EU), the United Kingdom (UK) and related European countries.

EuroLife will leverage its unique positioning in the European cannabis industry to generate sales and capture market share with the portfolio of CBD based sauces, oils and other products in the cannabis friendly jurisdictions of the European Union and the greater European continent. More and more countries are recognizing the health and wellness benefits of CBD infused products, creating a significant opportunity for EuroLife.

EuroLife's jurisdictional portfolio also includes the USA, South American and other regions of the world where the legislation to legalize cannabis is progressing.

About EuroLife Brands Inc.

EuroLife Brands (CSE: EURO) (FSE: 3CMA) (OTCPK: EURPF) is a leading global markets cannabis brand empowering the medical, recreational and CPG cannabis industry worldwide through a data-driven CBD marketplace supported by exclusive and unbiased physician-backed cannabis education and detailed consumer analytics.

For additional information:

Contact: [email protected] or visit EuroLifeBrands.com

No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Issuer's future plans, objectives or goals, including words to the effect that the Issuer or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51777

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).