The most vital aspect of any company entering an industry is innovation, especially in this free market system. The most successful companies have come up with ideas that have had a positive impact on society somehow. Most of the big industries have already been dominated, but there is a new industry on its way that could use some innovation: the cannabis industry.
The cannabis industry is slowly but surely growing; next election, many more states are going to have cannabis legal in some form, which only means expansion for existing companies. Unlike the other industries, though, there has not been a dominating innovation, yet. This lack of innovation may be ephemeral due to the fact that some companies are effectively producing new successful products.
One company that has been very successful in innovating the cannabis industry is FBEC Worldwide Inc (OTCMKTS:FBEC). FBEC Worldwide, Inc. is a beverage company who makes proprietary products geared especially towards target markets domestic and abroad. The company’s main priority is to expand its market size with unique marketing and satisfying customers. The most evident way that FBEC Worldwide has been innovative is though it’s product, the WolfShot(TM).
The WolfShot(TM) is a hemp-infused energy drink that began selling on sites such as Amazon during the month of November. Now, on Monday morning, FBEC Worldwide Inc (OTCMKTS:FBEC) announced that over the weekend, the WolfShot(TM) completely sold out on Amazon.com and received a #1 New Best Seller rating for energy shots by amazon.com. Here’s what CEO Jason Spatafora had to say: “Our early success on Amazon has resulted in strong interest from potential distributors. Receiving a #1 New Best Seller rating for energy shots over the weekend will give me leverage in distribution negotiations. We are well stocked to handle upcoming production.” This positive news follows two letters of intent meaning that FBEC is working hard to dominate the market. Over the last ninety days, FBEC has seen a low of $0.014 and a 756% difference with a high of $0.1199.