DENVER, CO, July 25, 2019 /CNW/ – Dixie Brands Inc. (“Dixie” or “the Company”) (CSE: DIXI.U), (OTCQX: DXBRF), (Frankfurt: 0QV), one particular of the cannabis industry’s major customer packaged goods (“CPG”) firms, these days announced a breakthrough in THC water solubility by means of a proprietary emulsification strategy and ingredient management method providing marked improvements in uptake in cannabis-infused liquids.
Dixie Brands will showcase the proprietary method by means of the launch of a new item line of flavored and unflavored drink additives referred to as FUSE in the fourth quarter of this year. In addition, Dixie will implement the new method across its current line of award-winning beverages and tinctures as element of its under no circumstances-ending drive to provide the most effective feasible consumption practical experience to buyers, a heritage going back almost 10 years given that the launch of the original Dixie Elixir.
“Dixie was amongst the very first to marketplace with a cannabis-infused beverage almost a decade ago, and we have remained at the forefront of analysis and improvement ever given that,” said Chuck Smith, CEO of Dixie Brands. “That concentrate on innovation has enabled us to expand into 15 item categories, and like any other effective CPG business, we are normally striving to boost our item offerings. A more quickly-acting formula is the subsequent step in our ongoing quest to much better serve our individuals and buyers.”
Cannabis-infused beverages give a bridge for “canna-curious” buyers searching for an option to alcohol. The millennial demographic has been driving a development trend in the category. By enhancing uptake instances and introducing FUSE drink additives that can improve non-alcoholic beverages, Dixie expects to improve the appeal of its solutions to these buyers and expand its addressable marketplace.
The U.S. cannabis-infused beverage marketplace has been estimated by Canaccord Genuity to be worth $600 million by 2022. THC-infused drinks are anticipated to represent additional than half of the total at $340 million, an improve from approximately $106 million in 2018. In Colorado and California, sales of cannabis beverages grew by 23% in the very first 5 months of 2019, according to information from BDS Analytics.
ABOUT DIXIE BRANDS, INC
Dixie Brands Inc., via its licensed partners, has been formulating award-winning THC and CBD-infused solutions given that 2009. At present operating in six U.S. states, the Enterprise is expecting to double its manufacturing and distribution capabilities in 2019 in the U.S. as properly as expand internationally, including Canada and Latin America. Dixie leads the international sector in the improvement, packaging design and style, item innovation and high-quality manage for the industrial production of cannabis infused solutions. Whilst the Enterprise began with a single flagship item, the Dixie Elixir (a THC-infused soda), it is now one particular of the industry’s most recognized customer brands, expanding to more than 100 solutions across additional than 15 various item categories representing the industry’s finest edibles, tinctures, topicals and connoisseur grade extractions, as properly as globe-class CBD-infused wellness solutions and pet dietary supplements. Dixie’s executive group has been instrumental in the formation of the marijuana sector for recreational and medicinal use, serving as founding members on many national regulatory and enterprise-oriented sector organizations. To discover out additional about Dixie’s revolutionary solutions, or about how Dixie is developing the future of cannabis, visit www.dixiebrands.com.
CAUTION With regards to FORWARD-Hunting Details
The information and facts offered in this press release might include “forward-hunting information” and “forward-hunting statements” inside the which means of applicable securities laws. All statements, other than statements of historical reality, created by the Enterprise (or its predecessors) that address activities, events or developments that the Enterprise expects or anticipates will or might take place in the future are forward-hunting statements, such as, but not restricted to, statements preceded by, followed by or that consist of words such as “may”, “will”, “would”, “could”, “should”, “believes”, “estimates”, “projects”, “potential”, “expects”, “plans”, “intends”, “anticipates”, “targeted”, “continues”, “forecasts”, “designed”, “goal”, or the adverse of these words or other equivalent or comparable words. Forward-hunting statements might relate to future economic situations, benefits of operations, plans, objectives, overall performance or enterprise developments. These statements speak only as at the date they are created and are primarily based on information and facts at the moment obtainable and on existing expectations and assumptions regarding future events, which are topic to a quantity of recognized and unknown dangers, uncertainties and other elements that might bring about actual benefits, overall performance or achievements to be materially various from that which was expressed or implied by such forward-hunting statements, such as, but not restricted to, dangers and uncertainties connected to: (i) the regulation of the healthcare and recreational marijuana sector in the United States, Canada, Mexico, Australia, New Zealand, Latin America and other nations in which the Enterprise might carry on its enterprise (ii) the capability of the Enterprise to get meaningful customer acceptance and a effective marketplace for its solutions on a national and international basis at competitive costs (iii) the capability of the Enterprise to create and retain an productive sales network (iv) the achievement of the Enterprise in forecasting demand for its solutions or solutions (v) the capability of the Enterprise to retain pricing and thereby retain sufficient profit margins (vi) the capability of the Enterprise to reach sufficient intellectual house protection (vii) the availability of financing possibilities, dangers linked with financial situations, dependence on management and conflicts of interest and (viii) other dangers described from time to time in documents filed by the Enterprise with securities regulatory authorities, such as the Company’s listing statement dated November 23, 2018.
The forward-hunting statements contained herein are primarily based on particular important expectations and assumptions, such as that: (i) there will be no material adverse competitive or technological alter in situation of the Company’s enterprise (ii) there will be a demand for the Company’s solutions that the Enterprise has accurately forecast and (iii) there will be no material adverse alter in the Company’s operations, enterprise or in any governmental regulation affecting the Enterprise or its suppliers.
With respect to the forward-hunting statements contained herein, even though the Enterprise believes that the expectations and assumptions on which the forward-hunting statements are primarily based are affordable, undue reliance really should not be placed on the forward-hunting statements as no assurance can be offered that they will prove to be right. Due to the fact forward-hunting statements address future events and situations, by their quite nature they involve inherent dangers and uncertainties. Actual benefits could differ materially from these at the moment anticipated due to a quantity of elements and dangers, such as the dangers described above. Consequently, all forward-hunting statements created in this press release are certified by such cautionary statements and there can be no assurance that the anticipated benefits or developments will in fact be realized or, even if realized, that they will have the anticipated consequences to or effects on the Enterprise. The cautionary statements contained or referred to herein really should be viewed as in connection with any subsequent written or oral forward-hunting statements that the Enterprise and/or persons acting on the Company’s behalf might challenge. The Enterprise undertakes no obligation to update or revise any forward-hunting statements, no matter if as a outcome of new information and facts, future events or otherwise, other than as necessary below securities legislation.
The CSE has neither authorized nor disapproved the contents of this news release.
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