NXGen Brands (OTCMKTS: NXGB) announced on August 27th, 2019 that they have a new public figure as their ambassador for CBD pet products, “JonnyO”.
I was also able to find this LeafyWell JohnnyO page which showcases Johnny O on the LeafyWell website.
NxGen Brands (OTCMKTS: NXGB) Pet Care Products
NxGen Brands (NXGB) subsidiary LeafyWell several different kind of pet treats for both cats and dogs all priced competitively under $30.00. Theres Cat Treats (Seafood Mix) which contains 100mg of CDB oil and is for cats. For dogs there are 4 different kind of treats. There’s CBD Dog Pet Treats Bones that contain 100mg of CDB, also Dog Pet Treats Chicken Meatballs which has chicken flavor and also contains 100mg of CBD. Another other two dog treats are CBD Dog Pet Treats Pigs in a Blanket and CBD Dog Pet Treats Steak both of which contain 100mg of CBD.
CBD Pet Market Industry Boom
In 2018 Nielsen reported that $33 billion was spent by American consumers for pet food and treats. 2018 also reported by Brightfield Group that sales of CBD pet products were up to $32 million while in 2017 they were only $8 million. A cannabis focused research firm has estimated that the market could reach up to 1.16 billion in the US by 2022.
CVS Pharmacy (NYSE:CVS) announced recently to sell hemp-derived CBD products in eight states. The national drug store chain will be marketing the topical cannabidiol products, such as creams, sprays and roll-ons. Also, drug-chain Walgreens Boots Alliance (NASDAQ:WBA) will sell CBD-based sprays, creams, and patches in 1,500 stores throughout nine states. Kroger (NYSE:KR) has recently entered into the CBD market as well.
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