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CST: 16/09/2019 15:13:35   

PSIQ Announces CBD Flower Added to Product Line, Creating Substantial Revenue Opportunity

151 Days ago

SUNRISE, Fla., April 18, 2019 (GLOBE NEWSWIRE) -- Profile Solutions, Inc. (OTC Pink: PSIQ) announced today that its wholly owned subsidiary, Elite Products International, Inc. (“Elite”), has added CBD Flower to its product line and is now available for sale.

The non-psychoactive CBD Flower with less than 0.3% Tetrahydrocannabinol ("THC") is being offered by Elite in 1-gram Mylar child resistant - smell proof bags and 7-gram clear glass - screw cover bottles. Inhalation is one of the fastest delivery methods of Elites CBD Flower. Inhaling CBD puts it in direct contact with your lung’s alveoli, which then transfer the cannabinoid straight into your bloodstream. The onset of the effects usually occurs within 5-10 minutes and can last for up to 2 hours. The cheapest, easiest, and quickest way to experience the benefits of CBD flower is to smoke it in a joint, bowl, or bong. For people who want to avoid smoke inhalation, a dry herb vaporizer is also an option. By vaporizing the terpenes and cannabinoids without carbonizing the flower, the consumer receives all the entourage effects of the residual cannabinoids and terpenes and other compounds gassing off without the harshness of inhaling smoke from combusted plant matter.

According to the Executive Summary of The CBD Report by Hemp Business Journal  https://cdn2.hubspot.net/hubfs/3324860/NFD-TheCBDReport-ES-092018.pdf , The international CBD markets are set for a big year. With the passage of the Cannabis Act on October 17th, 2018, recreational Cannabis became legal nationwide in Canada opening the market for CBD flower.  The world’s largest legal cannabis companies (Canadian LPs) have been acquiring hemp companies to secure supply chains and processing equipment in preparation for these legislative changes. Canopy Growth acquired Mettrum and Green Hemp Industries. Aphria and Aurora also made strategic hemp acquisitions.

The cannabis market is projected to grow from USD 10.3 billion in 2018 to USD 39.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period due to growing medicinal application and increasing legalization of cannabis.

Shimon Fhima, CEO of PSIQ subsidiary Elite stated, “With great excitement based upon significant demand from our clients, Elite has added Hemp based flower to our product line. The flower is great quality, competitively priced and now available from our inventory. We expect our Hemp Flower to be a great selling product and generate substantial Revenues for PSIQ.”

ABOUT PROFILE SOLUTIONS, INC. (“PSIQ”)

Profile Solutions, Inc., (www.profilesolutionsinc.com) has two operating subsidiaries:

  1. Elite Products International, Inc., is a leading distributor and manufacturer in the cannabinoid (CBD) industry. The Company’s products contain cutting-edge CBD industrial hemp extracts in the form of edibles, topicals and cosmetics. Please see www.elitehempproducts.com.

  2. CannBerry Tek, Inc. is a Hi-tech innovative Biotechnology Company which manages various Research & Development (“R&D”) activities with the major focus on the Medical Cannabis industry. Please see www.cannberrytek.com.

Please visit the company   Facebook at www.facebook.com/eliteproductsintl/, Instagram  www.instagram.com/elite_hemp/,  Linkedin at www.linkedin.com/in/elite-hemp-products-3a863914a/ , Twitter at  https://twitter.com/EliteHemp_Intl and https://twitter.com/incprofile  Blog at https://www.elitehempproducts.com/blog.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

For information, please contact:

Dan Oran, President
Profile Solutions, Inc.
8411 West Oakland Park Blvd.
Suite 201
Sunrise, FL 33351
Dan@ProfileSolutionsInc.com
(844) 856-8838 

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