CannaOne Launches CBD Online Marketplace

Cannabis

CannaOne Technologies (CSE: CNNA) (OTCMKTS:CNONF) announced the launch of its CBD online marketplace.

Online CBD Marketplace

Story continues below

The marketplace, thebwellmarket.com, will allow the company to provide third-party providers a premium turnkey technology solution for their CBD products.

CannaOne says the marketplace establishes the company as one of the first CBD focused online marketplaces in an industry that is estimated to be valued at over US$16 billion by 2025 in U.S. alone, according to analysis Cowen & Co.

According to the company, it has already received over 11,000 customer sign-ups seeking access to purchase almost 100 individual CBD products.

“Our teamwork has been validated by reaching this significant milestone and we have proven our strengths in platform development and marketing. The company’s BWell Online Marketplace (thebwellmarket.com) was launched just months after the Farm Bill was passed in the US, which has opened up a plethora of opportunities to sell and market CBD products. We are truly in on the ground floor level of this rapidly growing CBD revolution in America and we’re now ready to compete as a dominant player in this online space,” CannaOne CEO Riby-Williams stated.

The “hemp-CBD market alone could hit $22 billion by 2022,” according to a new estimate from cannabis industry analyst Brightfield Group.

CannaOne B-2-C Cannabis Solution

CannaOne has developed its first product in the Bloom product suite, BloomKit, a complete enterprise solution for any B-2-C cannabis company.

BloomKit’s features include; themed online storefronts for dispensaries, pick-up scheduling, delivery services for medical and recreational sales. It was developed with modular dynamic features in mind to adapt to any governing body’s regulations.

BloomKit provides the ability to serve clients with a turnkey solution on a global scale.

An ad to help with our costs