MIAMI, FL / ACCESSWIRE / November 20, 2019 / American Diversified Holdings Corp. (OTC PINK:ADHC) https://americandiversifiedholding.com management is happy to announce that the company is exploring a new merger candidate - a CBD farm located in Spain.
Maria De Luna is a CBD company located in Catalonia (North-East Spain). The company has all official licenses by the local government. Maria De Luna posses a 2000 m2 warehouse for the purpose of keeping products of their intensive production. As management projected their revenues will be close to 10 million euros during next year and net profits will be more than 2 million euros.
According to a recent report by the Brightfield Group, a market intelligence firm for the cannabis industry, estimates that the current $318 billion European CBD market will boom over 400% over the next four years.
From Brightfield report:
"CBD is just starting to take hold in Europe, with both product availability and consumer awareness still quite limited. This is a great opportunity for developed brands to enter and expand through Europe with far less competition than we're seeing in the U.S. With the Novel Foods Act, it is a challenging legal environment to operate in, but impending regulatory changes are likely to smooth the way for significant mid-term growth," Brightfield Managing Director, Bethany Gomez, highlights. CBD has been well received on a greater scale, especially in countries that already have medical or recreational cannabis programs and there are growing efforts in countries with no cannabis or CBD programs to have one or both in the coming years.
Spain is one of the most progressive cannabis hubs in Europe, with a network of hemp farms, grow shops and cannabis social clubs throughout the country.
More details will follow on a timely basis. Readers are reminded to visit ADHC corporate site including OTC MARKETS and SEC filings section.
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SOURCE: American Diversified Holdings Corp.
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