Branded Legacy, a holding company focused on the commercial development of hemp and cannabinoid-infused beverages, along with an array of CBD topicals and tinctures announces increased sales due to Spikes CBDX. The Company has seen an over 80% increase in revenues over its previous quarter in 2021.
Ingredient companies use extraction technologies to concentrate the active components in cannabis. This is a boon to makers of legal cannabis edibles and beverages seeking to produce a variety of functional commercial products that have consistency and quality.
The FDA recently held a hearing designed to include information and views related to the safety of cannabis edibles and beverages—with a strong emphasis on cannabidiol (CBD) ingredients—as well as to solicit input relevant to the agency's regulatory strategy for existing products.