There are a number of innovative companies in emerging sectors that have been in the news cycle in recent days, and one of those was CBD Life Sciences Inc. (OTC:CBDL). The company was in significant focus on Wednesday after it hit the news wires with regards to an announcement about a major new expansion move.
Expansion
In the news release yesterday, CBD Life Sciences announced that it had made a major move in its quest for expansion with the opening of the absolutely new Mushroom Supplement Drink & Smoothie Bar in The CBD Vault. It was noted that the addition was a strategic one and was part of its larger mission to make its wellness offerings significantly more diversified. In this regard, it should be noted that CBD Life Sciences is attempting to cash in on the massive growth in the functional mushroom industry, which is expected to hit a valuation of $69 billion by 2028.
Further Information
The grand opening of the bar would take place at some point in the upcoming weeks. The company stated that a new menu, featuring a range of nutrient-dense shakes and smoothies laced with mushrooms, would be introduced.
Key Quote
“The launch of our Mushroom Supplement Drink & Smoothie Bar is a monumental leap for CBDL as we continue to innovate and expand in the wellness industry,” said Lisa Nelson, President & CEO of CBD Life Sciences Inc. “We are tapping into one of the fastest-growing health trends and giving our customers access to high-quality, science-backed functional mushroom beverages that support both mental and physical well-being.”
