HempFusion CBD, In exclusive partnership with Verdant Nature LLC Achieves Major Regulatory Milestone, Ready to Drive Significant Revenue Growth at Retail

CANNANNEW REPORT

Self-Affirmed GRAS status and recent regulatory achievements position HempFusion to meet or exceed US & global standards for CBD products DENVER–(BUSINESS WIRE)–$CBD.U #CBD–HempFusion Wellness Inc. (TSX:CBD.U) (OTCQB:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness Company offering premium probiotic supplements and products containing CBD, announces that its exclusive and proprietary hemp-derived CBD extract has achieved self-affirmed Generally Recognized as Safe (GRAS) status. The Company expects this to drive significant incremental revenue growth at retail. “Self-affirmed GRAS status is a major milestone that only a select few highly responsible CBD companies have achieved,” said Jason Mitchell, N.D., HempFusion’s co-founder and Chief Executive Officer. “Today, HempFusion and its family of brands are one of the select few CBD companies that stand fully prepared to meet or exceed US & global compliance standards. This puts the business in a position to win with large retailers, and we expect this could open new retail opportunities,” Dr. Mitchell continued. Under the federal Food, Drug, and Cosmetic Act (FD&C Act), an expert panel can determine a substance is generally ‎recognized as safe using scientific procedures. In accordance with FDA requirements, an independent panel of qualified experts reviewed HempFusion’s safety dossier on its hemp-derived CBD extract, which included safety and toxicology studies, the published results of these studies, and a comprehensive review of the scientific literature on CBD. HempFusion is one of the only select few companies to achieve a status of this kind, whereby the expert panel deemed HempFusion’s hemp-derived CBD extract safe for human consumption, thus providing a legal pathway for use in foods and beverages and making the extract eligible for use in dietary supplements. “HempFusion has gone to extraordinary lengths to earn the trust of consumers and retailers by providing scientific data demonstrating our hemp-derived CBD extract is safe when used…

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Source : HempFusion CBD, In exclusive partnership with Verdant Nature LLC Achieves Major Regulatory Milestone, Ready to Drive Significant Revenue Growth at Retail

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