TEMECULA, CA / ACCESSWIRE / November 6,
2018 / International Endeavors Corporation (OTC PINK:
IDVV), a growing company in the cannabis industry announced today
they are entering the CBD market.
IDVV already has several projects in the cannabis
industry. The goal of entering the CBD market is to diversify the
Company and position themselves in the CBD Space. This also will
allow IDVV to sell its products throughout the United States as
well as International.
Currently, the market for CBD is on track to
generate more than $600 Million in 2018. Forbes reported that CBD
sales will reach over $1 Billion by 2020. The CBD market has
virtually doubled between 2017 and 2018 and projections over the
next 5 years are significantly higher than in recent years.
Growth is anticipated primarily due to the
expectation of the Hemp Farming Act of 2018 (Farm Bill) passing. If
it is passed, this will legalize hemp as well as its byproducts
which include extracts and cannabinoids, including hemp CBD. The
market for CBD-derived products is projected by some to rapidly
expand up to $22 Billion by 2022.
For the past few months, IDVV has been working
with a firm to effectively enter into the CBD market in 2019, as
well as develop a plan for significant distribution including an
affiliate program and identifying influencers.
IDVV Spokesman Barry Smith, stated "This enables
the company to start generating additional sales while increasing
their customer base as new states come online for cannabis sales.
The CBD marketplace is growing at a faster rate than cannabis.
Consumers want the ability to use cannabinoids and its benefits
without the psychoactive effects of THC. The CBD marketplace
consists of dozens of product lines and is surpassing the THC
market in terms of margins, without the regulations and the barrier
to the market. We look forward to announcing our complete plan
About International Endeavors Corporation
International Endeavors Corporation focuses on
building intellectual property and making equipment sales in the
medical marijuana and legal cannabis industry through the creation
of off-grid grow labs, biomedical devices, clean-energy solutions,
and patented devices. The company is also engaged in locating and
acquiring established companies, brands, and technologies. The
company's real estate portfolio includes commercial property,
agricultural land, and buildings.
Forward-Looking Statements are included within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements regarding our expected future financial position,
results of operations, cash flows, financing plans, business
strategy, products and services, competitive positions, growth
opportunities, plans and objectives of management for future
operations, including words such as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend," "may," "could," "should,"
"will," and other similar expressions are forward-looking
statements and involve risks, uncertainties and contingencies, many
of which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated
results, performance, or achievements. International Endeavors
Corporation (IDVV) is under no obligation to (and expressly
disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Nate Engel, CEO
Email: [email protected]
SOURCE: International Endeavors