Company launches international wholesale CBD distribution at AlternateCBD.com
Toronto, Ontario--(Newsfile Corp. - September 26, 2019) - Alternate Health Corp. (CSE: AHG) (OTCQB: AHGIF) ("Alternate Health" or the "Company"), an international leader in CBD product development and distribution, announced today that the Company has launched a new wholesale CBD business line and signed a supply agreement targeting 1,000 kilograms of CBD per month.
"Like many pharmaceutical companies, we have been disappointed with the supply of quality CBD isolate and distillate available in the market, with very few shipments even matching the advanced Certificate of Analyses," says Dr. Robert Blaine, President and Chief Medical Officer of Alternate Health. "We saw a huge gap in the market for quality wholesale CBD and we believe our decades of FDA-licensed drug manufacturing experience give us a unique advantage in addressing this challenge."
Alternate CBD: Business Model
Alternate Health will base operations in its Blaine Labs campus in Santa Fe Springs, CA. As a licensed drug manufacturing facility, the Company believes this is the ideal venue to handle, package and stamp wholesale products. Alternate Health actively sources both raw hemp biomass and extracts, managing any additional processing, arranging strict testing, and carefully handles and packages products in our cGMP facility.
To meet initial estimated demand, Alternate Health has signed a supply agreement with Rising Sun Capital LLC, targeting the delivery of a combined 1,000 kilograms of hemp-derived CBD isolate and distillate per month. The Company will process, arrange testing and package CBD isolate, distillate and THC-Free Distillate. Alternate Health will arrange sales and distribution, having already secured interest from several potential buyers. For more information, visit www.AlternateCBD.com.
Setting the Industry Standard
"Alternate CBD's mission is to create the highest quality and most dependable brand of CBD isolates and distillates, available in both the United States and for export," says Howard Mann, CEO of Alternate Health. "As FDA regulations strengthen, we are seeing a rapid shift away from CBD as a cottage industry to a professionalized marketplace. Our FDA experience, drug manufacturing license and cGMP-compliant facility clearly demonstrate our capability and commitment to quality."
According to industry analysts Fior Market Research, the global CBD market is forecasted to reach $22.5 billion ($17.3 billion USD). Fior market Research releases their results via press release on July 3, 2019. Manufacturers will require a growing supply of quality CBD isolate and distillate to meet this growing demand.
Based on global growth, Alternate Health is also targeting strong demand from international markets, where the Company's pharmaceutical experience could be a key market differentiator. The Company expects international buyers to be even more concerned about quality, purity and professional packaging and handling. Alternate Health aims to set the standard for quality for international markets as well.
The CBD industry is rapidly evolving, with prices varying as significantly as quality. Based on early negotiations, the current estimated Fair Market Value of a kilogram of CBD isolate is roughly USD $5,000. While prices fluctuate, the Company believes our credibility and professional pharmaceutical practices uniquely create added value for our wholesale products.
About Alternate Health
Alternate Health is an international leader in the hemp-derived CBD industry, including extraction, product development and distribution. Through Alternate Health's subsidiary, Blaine Labs, the Company has 23 years of experience in FDA-registered and cGMP medical product manufacturing and distribution, with over 50 product SKUs available from major retailers, including Walmart, Amazon, CVS and Walgreens. For more information about Alternate Health Corp., visit www.alternatehealth.com.
Scott Holtby | Investor Relations
Jim Tykoliz | Company Director
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Statements included in this announcement, including statements concerning our plans, intentions and expectations, including with respect to the closing of the letter of intent, which are not historical in nature are intended to be, and are hereby identified as "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
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