DENVER, June 03, 2019 (GLOBE NEWSWIRE) -- Elixinol issued the following statement regarding the public FDA hearing in Washington, D.C. on Friday, May 31.
“We support the FDA’s intentions, we want
consumers to make educated decisions, and we want the market to
universally supply CBD that’s free of metals, molds and pesticides
and safe for consumers. Additionally, we support the industry’s
intentions to develop best-in-class standards, like those of the
U.S. Hemp Authority, whose seal of approval means the brand has
been through a stringent review of processes, procedures and
employee training. We’re proud to be one of the first brands to be
U.S. Hemp Authority certified. Now that the hearing has ended, we
will wait for the outcome to unfold, hoping to see the FDA takes
strides in their acceptance of hemp-derived CBD. FDA permitting
hemp-derived CBD oil as a food additive will open the floodgates of
CBD-infused food and drink, as we see industry projections that
U.S. CBD sales will climb from a $600 million-dollar market in
2018, to a $22 billion market by 2022, as cited by Green
Entrepreneur.â€
About Elixinol:
Colorado-based Elixinol, co-founded by
Paul Benhaim, hemp entrepreneur since 1991, is widely regarded as
one of the most influential CBD brands in the world. With a proven
track record of growing and extracting premium-quality hemp,
Elixinol is one of the few CBD hemp extract brands with complete
seed-to-sale control over its products. Elixinol also conducts
rigorous third-party laboratory testing and quality control.
Elixinol distributes hemp-derived CBD products in 40 countries
globally including North and South America, throughout Europe,
Asia, and the Pacific Region under its own label as well as bulk
CBD and wholesale CBD. Elixinol’s parent company EXL (elixinolglobal.com) is
publicly traded on the Australian Securities Exchange and on the
U.S. OTC (ASX:EXL, OTCQX: ELLXF). More information available
at Elixinol.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6604a9ea-0b5a-4baf-b965-a19536d636c6
Media Contact:
Blythe Tokar
MULTIPLY
202-292-4573
[email protected]