– Forbes Estimates CBD Market at $2.1 to $3 Billion by 2020
Jacksonville, FL, Aug. 14, 2018 (GLOBE NEWSWIRE) — mCig, Inc. (MCIG), a diversified company servicing the legal cannabis market, announced today that the company has launched a CBD Pet Products line, Artax, as well as a new e-commerce CBD market, https://www.CBD.Biz/.
“We are excited to launch our premiere CBD product line for pets. These new products have been in the works for some time as we realize the growth of the pet market and its importance to the domestic and international markets,” says Paul Rosenberg, MCIG’s CEO.
Animal lovers are looking for a natural and safe approach to improving the health and wellness of their pets. Recent research shows steady growth in the pet supplement market, with an anticipated compound annual growth rate of 5% between 2018 and 2022.
The new CBD pet line, Artax, includes organic CBD infused pet treats, oral drops, shampoo, and oral sprays. Expert-crafted formulations are made with premium, human-grade ingredients and organic hemp extract.
“CBD can help animals in many of the same ways that it helps humans: improving arthritis, immunity, anxiety, and digestion, and even with more serious conditions, like broken bones and post-operative care,” says Arkady Uryash, MD, PhD, head of MCIG’s Research and Development Department.
For more information about the new products or to make a purchase, please visit: https://www.cbd.biz/portfolio/artax/.
MCIG also launched its new CBD marketplace at https://www.CBD.biz/ with an extensive line-up of over 100 of the best-selling CBD products in the industry, including CBD vape, edibles, concentrates, capsules, topical products, and pet products. Through strategic agreements with over ten of the most popular CBD brands, www.CBD.biz offers consumers domestically sourced, high quality CBD products in a variety of concentrations and form factors.
CBD.Biz will showcase Artax as one of its flagship products.
About MCIG Group (MCIG)
Headquartered in Jacksonville, Florida, mCig, Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp, and CBD markets via its lifestyle brands. mCig, Inc. is committed to being the leading distributor of technology, products, and services to fit the needs of a rapidly expanding industry.
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This release contains a non-GAAP disclosure, EBIDTA, which consists of net income plus interest expense, net, provision for income taxes and depreciation and amortization. This term, as the Company defines it, may not be comparable to a similarly titled measure used by other companies and is not a measure of performance presented in accordance with GAAP. The Company uses EBIDTA as a measure of operating performance. EBIDTA should not be considered as a substitute for net income.
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