Hemp is often mixed up with marijuana, hemp will not get you high, despite that it comes from the same plant, cannabis sativa. Though, similar to cannabis, hemp is seeing a popular rebirth with both investors and consumers. Hemp doesn’t have the same effects of cannabis; it has extremely low concentrations of the chemical tetrahydrocannabinol (THC), the active ingredient in marijuana—0.5% to 0.05%, reported by the North American Industrial Hemp Council. As of late hemp is being broadly accepted as a new super food for health fanatics.
There are many benefits of hemp included sustained energy due to hemp’s effect on blood sugar regulation, leaving the body feeling fuller for longer periods of times, decrease in cardiovascular disease and improved mental focus. The Hemp Industries Association recorded that the total sales of hemp food and health care products in the U.S are projected to near $184 million. The HIA projects the market to valued above $580 million with an annual growth rate of more than 24%. Which brings us to the Energy Drink Production industry, which has managed to see double-digit growth over the last five years and is currently accomplishing a healthy rate of 14.3%; valued at $8 billion, it has really stood out in the packaged beverage production industry.
This leads us to a company attacking both the Hemp Industry as well as the Energy Drink Production Industry. FBEC Worldwide Inc (OTCMKTS:FBEC) a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages announced on October 16th it has received its final version of it’s flagship product the Wolfshot™ and is ready to begin retail distribution. CEO Jason Spatafora said, “Naturally, we are excited about the launch of WolfShot™ and finally having finished product in hand along with a standard operating procedure for scaling our brand. As stated in my last shareholder update, these completed Wolfshot™ packages will now be tested in different markets. Our test markets will operate through the distributors we’ve found in areas ranging from Colorado to Canada. We will be targeting dispensaries, head shops, gas stations and other brick and mortar locations.”
The company has been in a transition over the last two months with a new CEO and management team taking over FBEC Worldwide Inc (OTCMKTS:FBEC). In the last investor conference call the company has expressed its interest in expanding their product portfolio with CBD products. The CEO continued with, “The sales data from these locations will be a key component to scaling up WolfShot™ production as efficiently as possible. I am confident that the model we are executing will potentially help us reduce manufacturing costs and increase net profits. Our goal from the start has been to launch one product at a time, but as we continue to move forward we are actively seeking to diversify FBEC Worldwide Inc.’s product portfolio.”
About FBEC Worldwide, Inc.
FBEC Worldwide is an innovative beverage company dedicated to offering proprietary products focused towards significant target markets, both domestic and abroad. We are committed to increasing our market size and scope through the optics of creative marketing and most importantly customer satisfaction. Our growth strategies will focus on a number of major initiatives including, unique branding opportunities that will be targeted at key demographic groups, and to develop strong community and distributor relationships.