PLAINVIEW, NY, March 15, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Italian Food & Beverage Corp. (OTC-IFBC): IFBC is currently exploring the possibility of launching a new and exciting product to add to its consumer beverage offerings. The company is committed to producing, marketing, and distributing its own brand of canned coffee that is infused with CBD, short for cannabidiol, a compound found in the cannabis plant and the calming benefits of marijuana without that of THC outgoing high seems to offer.
This could be a natural fit for IFBC, which has established itself with its energy drink in a number of retail outlets, including Vaping Outlets, which already offer a variety of CBD products. In addition, some IFBC chain store customers are currently supplying CBD water, a natural add-on to canned CBD coffee. According to research by the Brightfield Group, the CBD market is projected to reach $ 22 billion by 2022.
Years of scientific research clearly show that CBD users do not experience any ill effects from continued use. In fact, the vast majority are very satisfied with the beneficial effects that help relieve anxiety, promote sound sleep, and relieve chronic pain. Proponents range from doctors, veterinarians, psychologists, and physical therapists. The US Farm Bill, signed in December 2020, legalized hemp.
Most of the CBD that has hit shelves in the U.S. comes from the hemp plant, which contains less than 0.3 percent THC, the psychoactive chemical found in weeds. Hemp’s close cousin marijuana can contain more than 10 percent THC. The correct dosage must be administered to achieve the best results. Some suppliers recommend six milligrams of CBD when taken as a tincture or added to food. Others recommend at least 30 mg.
IFBC chairman Dino Luzzi quickly became enthusiastic about the company’s attempt to research a coffee product infused with CBD. He stated: “The economic slowdown caused by Covid has led us to seek the opportunity to offer a new product that naturally fits our customer base and increases shareholder value for a product for which there is no dominant player in the industry. We can position our new product through our existing sales channels and synergistically share this coffee shelf space and exposure right next to our energy drink, which is currently also available online without shipping costs at https://stinaprovision.com/. “
Forward-Looking Statements: This press release contains “forward-looking statements” and information prepared by Italian Food & Beverage Corp. provided, such as B. online documents, printed documents, publications or information available through the website. It may contain certain forward-looking statements that involve risks, uncertainties, assumptions and other factors that, if not materialized or proven to be correct, could cause the company’s results to differ materially from historical results or from those anticipated expressed or implied by such forward movements – telling statements. All statements, other than historical facts, are statements that may be considered forward-looking statements. These statements may also include management’s plans, strategies, and goals for future operations. Statements about proposed new products, services, or developments; Statements about future economic conditions or performance; Expressions of faith; and all statements about assumptions on which one of the preceding points is based. There can be no guarantee that the negotiations included in the Memorandum of Understanding will be completed.