COWEN COLLABORATIVE INSIGHTS 70 February 25, 2019 Growing Application For Hemp And CBD Within The Apparel & Footwear Market (Kernan) With the changing tide on marijuana legalization and hemp cultivation, the use case for and interest in CBD applications are rapidly expanding....
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…anies, we are starting to see crossover from adult-use / medical focused companies including Green Thumb Industries and Curaleaf Hemp. Indeed, GTI recently announced the acquisition of Beboe, which will offer a CBD vape pen with a focus on gaining distribution in high-end retail...
COWEN COLLABORATIVE INSIGHTS February 25, 2019 Figure 6 - 2017 Production Less Operating Costs Per Acre (Cash Grower Margin/Acre} Corn Soybeans Gross Value of Production Operating Costs Seed 2 Fertilizer Chemicals Other Operating Costs Total Operating Costs Cash Grower Marg...
G@i=— COWEN WASHINGTON ~——-:« RESEARCH GROUP COLLABORATIVE INSIGHTS February 25, 2019 m Cannabis COWEN RESEARCH Cowen Research 646 562 1330 [email protected] Vivien Azer 646 562 1351 [email protected] John Blackledge 646 562 1359 [email protected] Andre...
COWEN COLLABORATIVE INSIGHTS February 25, 2019 Adidas and Nau. Nike offered a hemp-based SB Dunk Low sneaker in 2004, re-issuing the shoe in 2016 around Earth Day. Patagonia, a $1B global brand that encompasses a focus on the environment and social responsibility in its mission...
COWEN COLLABORATIVE INSIGHTS 76 February 25, 2019 supplements, regardless of whether the substances are hemp-derived. This is because both CBD and THC are active ingredients in FDA-approved drugs and were the subject of substantial clinical investigations before they were mark...
COWEN COLLABORATIVE INSIGHTS 84 February 25, 2019 Latin American Landscape Chile Medical cannabis has been legal in Chile since 2017 following a pilot program conducting scientific research that began in 2014. A consortium of non-for-profit organizations, most notably the Da...
COWEN COLLABORATIVE INSIGHTS 12 February 25, 2019 will be destroyed.) Seeds that are certified (sold by domestic and international hemp seed distributors) contain </=0.3% THC or produce hemp with </= 0.3% THC. CBD is more concentrated in female flowers (3%-6%) compared to mal...
COWEN COLLABORATIVE INSIGHTS February 25, 2019 beverages) will be imperative. This regulatory framework does not affect skincare, cosmetics or topicals with CBD or hemp ingredients. 2 Europe UK The UK legalized prescription based medical cannabis in November 2018. Medical can...
True Hemp Yarn True Hemp Woven True Hemp
COWEN COLLABORATIVE INSIGHTS February 25, 2019 Wide Range Of Returns On CBD There is little data on economics for hemp CBD cultivation given wide range of outcomes that can result on the seed vs clone decision (CBD levels vary for each and will impact cost), as well as the typ...
… Playing Within The Segment $0.80 $0.74 $0.70 $0.62$0.61$0.60 ae $0.45 $0.40 $0.30 $0.20 $0.10 $0.00 Sagely Naturals Curaleaf Hemp Kush Queen a © = 2 r=] ‘= =] 5 = wv > = 6 = Super Premium (> $0.54) $0.40 $0.32$0.32¢9 30 Mazz Hanna RX CannaCare CBD Topicals by Pric...
Curaleaf Hemp is focused on expanding into more channels and
Including Muscle Freeze Figure 54 Curaleaf Hemp Lotion Priced On The Premium Side
Curaleaf Hemp is focused on expanding into more channels and