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CEW announces finalists for 2020 Beauty Awards

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Cosmetic Executive Women (CEW) announced the finalists for 2020 Beauty Awards in partnership with Gloss Angeles podcast hosts and beauty journalists, Kirbie Johnson and Sara Tan via livestream. The awards continue to celebrate the most innovative and groundbreaking new products of the year and remain the industry’s highest honor.

Finalists from the 45 categories were selected from more than 1,200 entries, represented by hundreds of brands, and were selected by a vote of CEW members, all of whom are beauty industry professionals. These finalists will be reviewed CEW’s Board of Governors and select industry insiders to vote to determine the winners in each category, which will be revealed November 13 during a virtual Beauty Awards event.

For nearly three decades, the CEW Beauty Awards continue to be the only beauty awards selected by beauty professionals – those who truly know the best in beauty,” said Carlotta Jacobson, President of CEW. “These awards continue to guide consumers as they navigate the beauty space, discovering the most creative and innovative products, demonstrating the ongoing evolution of the industry.

The 2020 Beauty Awards finalists are:

General

CBD Beauty:

- Briogeo Hair Care: B. Well 100mg CBD + Arnica Flower Soothing Skin & Scalp Oil

- First Aid Beauty: Ultra Repair Oat & Hemp Seed Dry Oil

- Josie Maran Cosmetics: Skin Dope Argan Oil + 100 mg CBD

- Kiehl’s: Cannabis Sativa Seed Oil Herbal Concentrate

- Saint Jane Beautty: Luxury Beauty Serum

- St. Ives: Cannabis Sativa (Hemp) Seed Oil & Matcha Body Cream

Mission Based Brand:

- Origins: Origins

- Rahua by Amazon Beauty: Rahua

- Unilever Personal Care NA: Dove

- Urban Hydration: Urban Hydration

Bath and Body category

Prestige:

- Algenist Skincare: GENIUS Liquid Collagen Hand Cream

- First Aid Beauty: KP Bump Eraser Body Scrub with 10% AHA

- Kopari Beauty: Coconut Melt Wipes

- KORRES: Pure Greek Olive Oil Body Elixir

- Moroccanoil: Body Polishing Scrub

- Nécessaire: The Body Lotion

Mass:

- Cake Beauty: The Cake Walk Rich + Reviving Foot Crème

- Cetaphil: Intensive Healing Lotion with Ceramides

- Dove: Lavender & Coconut Milk Whipped Body Cream

- Eucerin: Roughness Relief Cream

- Eucerin: Roughness Relief Cream

- Palmer’s: Natural Vitamin E Concentrated Cream

- SheaMoisture: Purple Rice Water Velvet Skin Body Lotion

Hair category

Hair Tools:

- Amika: High Tide Deep Waver

- Drybar: Baby Brush Crush Heated Straightening Brush

- Drybar: Flat Mate Boar Bristle Brush

- Revlon: Pro Collection Salon Long Lasting 1.25” Titanium Curling Iron

- T3 Micro, Inc.: SinglePass Curl 1″

- Tangle Teezer: The Ultimate Finisher

Hair style/Hair care:

- Aveda: Rinseless Refresh Micellar Hair & Scalp Refresher

- Briogeo Hair Care: Blossom & Bloom Ginseng + Biotin Volumizing Root Powder

- Drybar: Jump Start Quick Dry Blowout Serum
- Living Proof: Perfect hair Day Heat Styling Spray

- My Black is Beautiful: Tangle Slayer Conditioning Cream Type 4

- Oribe Hair Care: Curl Gelée for Shine & Definition

Hair shampoo/Hair conditioner:

- Aveda: Sap Moss Weightless Hydration Shampoo

- Briogeo Hair Care: Be Gentle, Be Kind Banana + Coconut Nourishing Superfood Shampoo

- Living Proof: Perfect hair Day Triple Detox Shampoo

- Oribe Hair Care: Moisture & Control Deep Treatment Masque

- Pantene: Rose Water Sulfate-Free Restoring Moisture Milk

Hair Accessories:

- Hair ADK: Lock Strips

- Hidden Crown Hair: Hair Bungee Ponytail

- invisibobble GmbH: Bunstar

- invisibobble GmbH: Waver

- slip silk pillowcase: Scrunchies

- The Hair Edit: Grecian Garland Headband

Iconic beauty category

Prestige:

bareMinerals: Original Loose Powder Foundation

Clinique: Even Better™ Makeup Broad Spectrum SPF 15

Laura Merier: Tinted Moisturizer Natural Skin Perfector Broad Spectrum SPF 30 Sunscreen

Shiseido Americas: Eyelash Curler

Mass:

Aveeno: Daily Moisturizing Lotion

Bioré: Original Pore Strips

essie: wicked

Neutrogena: Makeup Remover Cleansing Towelettes

Olay: Regenerist Micro Sculpting Cream

Tweezerman: Slant Tweezer

Indie category

Indie makeup:

- Beauty by Popsugar: Sweet STX Glossy Lip Color

- Glamsquad: Morning Glow Radiant Face Primer

- Huda Beauty: Mercury Retrograde

- Kosas: 10-Second Eyeshadow

- lilah b.: Lovingly LipTM Tinted Lip Oil

- Patrick Ta Beauty: Major Glow Highlighting Mist

Indie hair:

- Briogeo Hair Care: Color Me Brilliant mushroom + bamboo color protect primer

- ColorProof Color Care Authority: SuperSheer Clean Shampoo

- Prose: Hair Oil

- Seen Hair Care: Skin-Caring Blow-Out Creme

- Vegamour: GRO+ Advanced Hair Serum

- Virtue Labs: Healing Oil

Indie brand:

- Deciem: The Ordinary

- Victoria Beckham Beauty

Indie skin care:

- FaceGym: Spirulina Training Stick

- Farmacy Beauty: Very Cherry Bright 15% Clean Vitamin C Serum with Acerola Cherry

- Glossier Inc. Futuredew

- Summer Fridays: CC Me

- Youth To The People: Superberry Hydrate and Glow Dream Mask

Make-up category

Face product (prestige):

- bareMinerals: Complexion Rescue Hydrating Foundation Stick SPF 25

- Clinique: Even Better Refresh Hydrating and Repairing Makeup

- Estée Lauder: Double Wear Radiant Concealer

- Laura Mercier: Flawless Lumière Radiance-Perfecting Foundation

- Shiseido Americas: Synchro Skin Self-Refreshing Foundation

- Shiseido Americas: Synchro Skin Self-Refreshing Foundation

- Too Faced Cosmetics: Born This Way Super Coverage Concealer

Face product (mass):

- Burt’s Bees: Goodness Glows Tinted Moisturizer

- Covergirl: TruBlend Undercover Concealer

- e.l.f. cosmetics: 16 Hr Camo Concealer

- Flower Beauty: Seal the Deal Luminizing Setting Spray

- Neutrogena: Hydro Boost Illuminator

- Ulta Beauty: Youthful Glow Primer

Lip product (prestige):

- Becca Cosmetics: Ultimate Lipstick Love

- Bobbi Brown Cosmetics: Crushed Liquid Lip

- Buxom Cosmetics: Full Force Plumping Lipstick

- Clinique: Even Better Pop Lip Colour Foundation

- Estée Lauder: Pure Color Envy Kissable Lip Shine in Rebellious Rose

Lip product (mass):

- Burt’s Bees: Matte Sticks

- Covergirl: Exhibitionist 24HR Ultra Matte Lipstick

- eos: Tinted Shea Lip Balm: Super Cashmere

- Maybelline New York: SuperStay Ink Crayon

- Neutrogena: Hydro Boost Illuminator

- Neutrogena: Sheer Smooch Lip Oil

Eye product (prestige):

- Benefit Cosmetics: Brow Styler

- Dior Beauty: Diorshow Pump ’N’ Volume HD Mascara

- Glossier Inc.: Brow Flick

- IT Cosmetics: Lash Blowout Salon Volume Lift Mascara

- Laura Mercier: Caviar Stick Eye Colour Chrome

- Too Face Cosmetics: Damn Girl! Mascara

Eye product (mass):

- Covergirl: Exhibitionist Uncensored Mascara

- e.l.f. cosmetics: Wow Brow Gel

- L’Oréal Paris: Infallible Flash Cat Eye Waterproof Brush Tip Liquid Eyeliner

- Neutrogena: Precision Liquid Eyeliner

- Pacifica Beauty: Highest Lash Chronic Volume Mascara

- Physicians Formula: Eye Booster Waterproof Ultra Fine Liquid Eyeliner

- Revlon: So Fierce Vinyl Eyeliner

Makeup tools:

- beautybl­ender: BIG BOSS Powder Brush and Cooling Roller

- beautybl­ender: Shadeshifter Wave

- KKW Beauty: The Body Brush

- Shiseido Americas: Hanatsubaki Hake Polishing Face Brush

- simplehuman: sensor mirror hi-fi

- Sonia Kashuk: Essential Collection Complete Makeup Brush Set

Men’s grooming category

- 18.21 Man Made: Wash in Spiced Vanilla Wash

- Armani Men: Moisturizer Face and Eyes

- Dove: Men+Care­+Active+Fresh Body and Face Wash

- Goodfellow & Co: No.05 Kelp + Sea Mineral Face Lotion

- Lab Series Skincare for Men: Age Rescue Face Lotion

- Old Spice: Moisturize with Shea Butter Body Wash

Nail category

- 10+ Free Chemistry: Clean Nail Color

- butter London: Nail Scrubbers

- essie: air dry

- Kiss Products, Inc.: imPRESS Press-On Manicure

- Paintbox: Like Spice Nail Lacquer

- Sally Hansen: Good. Kind. Pure

Scent category

Woman’s scent (mass):

- Adidas: sport UNLSH

- Bath & Body Works: Gingham Eau De Parfum

- EO Products: Love & Flowers Jasmine Sambac Essential Oil Perfume

- Paris Hilton Fragrances: Electrify

- Wild Spirit Fragrances: Rosy Glow Atomizer

Woman’s scent (prestige):

- Aerin: Aegea Blossom Eau de Parfum

- Dior Beauty: JOY Eau de Parfum Intense

- Dolce & Gabban: The Only One

- Donna Karan: Cashmere Mist The Mist

- Michael Kors: Wonderlust Sublime Eau de Parfum

- Tiffany Fragrances: Tiffany & Love Eau de Parfum for Her

Unisex fragrance :

- Creed Strategic Imaging: Aventus Cologne

- diptyque: Eau de Minthé Eau de Parfum

- Gucci Fragrances: Mémoire d’une Odeur

- Kilian: FUN THINGS ALWAYS HAPPEN AFTER SUNSET

- Maison Margiela Replica: Whispers in the Library

- Nars Cosmetics: Audacious Fragrance

Men’s scent

- Dior Beauty: Sauvage Parfum

- Dolce & Gabbana: K

- Dolce & Gabban: The Only One

- Ermenegildo Zegna: Zegna Essenze Italian Bergamot

- John Varvatos: JVxNJ Silver Edition

- Molton Brown: Re-charge Black Pepper Eau de Parfum

- Ralph Lauren Fragrances: Polo Blue Gold Blend

Skin care category

Lip treatment:

- Aquaphor: Lip Repair Stick

- ChapStick: Total Hydration Essential Oils

- eos: Super Soft Shea Lip Balm: Strawberry Peach

- Estée Lauder: Pure Color Envy Lip Repair Potion

- Fresh: Sugar Mint Rush Freshening Lip Treatment

Moisturizer mass (face):

- Aveeno: Clear Complexion Sheer Daily Moisturizer SPF 30

- Burt’s Bees: Renewal Firming Moisturizing Cream

- Honest Beauty: Hydrogel Cream

- Neutrogena: Bright Boost Gel Cream

- Olay: Retinol24 Night Moisturizer

- Pixi Beauty Inc.: On-the-Glow

Sun Product:

- Aveeno: Positively Mineral Sensitive Skin Face Milk Sunscreen SPF 40+

- Coola: Full Spectrum 360° Mineral Sun Silk Crème Organic Sunscreen SPF 30

- Coppertone: Glow

- Lancôme: UV Expert Aquagel Defense SPF 50

- Supergoop!: Poof Part Powder SPF 45

Cleanser and scrub:

- bareMinerals: Poreless Clay Cleanser

- Caudalie: Vinopure Pore Purifying Gel Cleanser

- Drunk Elephant: Slaai Makeup Melting Butter Cleanser

- Fresh: Sugar Strawberry Exfoliating Face Wash

- goop: Goopglow Microderm Instant Glow Exfoliator

- Olay: Scrubs Pore Perfecting Face Scrub With Vitamin C & Dragon Fruit

Moisturizer prestige (face):

- bareMinerals: Poreless Oil Free Face Moisturizer

- Clinique: Smart Clinical MD Multi-Dimensional Age Transformer Duo Resculpt + Revolumize

- Drunk Elephant: Lala Retro Whipped Cream with Ceramides

- La Mer: The Neck and Décolleté Concentrate

- Shiseido Americas: Benefiance Wrinkle Smoothing Eye Cream

- Supergoop!: Superscreen

Anti-aging (prestige):

- Dior Beauty: Capture Youth Intense Rescue Age-Delay Revitalizing Oil-Serum

- Drunk Elephant: A-Passioni Retinol Cream

- Estée Lauder: Advanced Night Repair Intense Reset Concentrate

- Glow Recipe: Pineapple-C Bright Serum

- La Mer: The Concentrate

- Philosophy: ultimate miracle worker fix facial serum roller uplift & firm

Anti-aging (mass):

- Burt’s Bees: Renewal Intensive Firming Serum

- L’Oréal Paris: Revitalift Derm Intensives 1-% Pure Glycolic Acid Serum

- Neutrogena: Bright Boost Illuminating Serum

- No7: Laboratories Firming Booster Serum

- Olay: Regenerist Retinol24 Night Serum

- Vichy Laboratoires: LiftActiv Peptide-C Anti-Aging Ampoules

Skin care tools:

- Clarisonic: Sonic Exfoliator

- Foreo: Luna 3

- La Roche-Posay: My Skin Track PoreScan

- NuFACE: Fix Line Smoothing Device

- Rodan + Fields: Pore Cleansing MD System

- Tweezerman: Clear Skin Microderm Tool

Eye treatment:

- Clinique: Moisture Surge Eye 96-Hour Hydro-Filler Concentrate

- First Aid Beauty: FAB Skin Lab Retinol Eye Cream with Triple Hyaluronic Acid

- Fresh: Black Tea Firming Eye Serum

- Glamglow: Brighteyes Illuminating Anti Fatigue Eye Treatment

- Glow Recipe: Avocado Melt Retinol Eye Sleeping Mask

- Shiseido Americas: Benefiance Wrinkle Soothing Eye Cream

Acne treatment:

- Differin: Differin Dark Spot Correcting Serum

- La Roche-Posay: Effaclar Adapalene Gel 0.1% Acne Treatment

- Murad: InvisiScar Resurfacing Treatment

- Rodan + Fields: Spotless Acne Clearing Treatment

- Rodan + Fields: Unblemish Dual Intensive Acne Treatment

- Sephora Collection: Glow Peel Pads

- TULA Probiotic Skincare

Face masks:

- First Aid Beauty: FAB Pharma Arnica Relief & Rescue Mask

- Fresh: Rose Deep Hydration Sleeping Mask

- Glamglow: Youthmud Glow Stimulating Treatment

- Glow Recipe: Avocado Melt Retinol Sleeping Mask

- Kiehl’s: Avocado Nourishing Hydrating Mask

- Summer Fridays: R+R Mask

Ingredients and formulation supplier

- Ashland Inc.: mineral-based sun stick SPF 50

- BASF Corporation: Rambuvital – Organic rambutan fruit seed extract protects scalp and hair

- Cargill Beauty: FiberDesign Sensation

- Croda Inc: Solaveil XTP-2

- Elementis Speciality: Bentone Luxe Natural Formulation Enabler

- Grant Industries Inc.: Gransense TC-8X

Sustainability excellence

- Aether Beauty

- Klorane

- Korres

Wellness category

Aromatherapy:

- Aromatherapy Associates: Deep Relax Sleep Mist

- Bath & Body Works: Aromatherapy Stress Relief Eucalyptus & Spearmint Moisturizing Body Wash

- Cannafloria Essentials: Be Clear Inhalation Pouch

- Helias Oils: Energy Essential Oil Blend

- This Work Products Ltd: Morning Expert Wake Up Drops

- Ulta Beauty: Essential Oil Goodnight, Sleep Tight

Beauty Wellness Supplements:

- Briogeo Hair Care: B. Well Vegan Omega 3, 6, 9 + Biotin Supplements for Healthy Hair

- Hum Nutrition Inc.: Skin Heroes Pre + Probiotic

- Juice Beauty: Prebiotix Antioxidant Beauty Boost

- Klorane: KERATINcaps Hair and Nails Dietary Supplement

- Moon Juice: SuperHair

- Pacifica Beauty: #No Filter Beauty Gummies

Sexual Wellness Product:

- Coconu: Oil-Based Lubricangt

- Kopari Beauty: Love Melt

- Mustela: Nursing Comfort Balm

- Nécessaire: The Sex Gel

- Rosebud Woman: Honor Everyday Balm

Rising influencers

- Julia Havens @jujhavens

- Rahel Brhane @rahelbrhane_

- Kam @kameronlester

- Ohuprettythings @ohuprettythings

- Whitney Madueke @whitneymadueke

- Marylia Scott @maryliascott

The 2020 CEW Beauty Awards are sponsored by Firmenich, QVC, Arcade Beauty, Voyant Beauty, Beauty Inc, Financo, CVS Pharmacy, Satisfyer, YouCam Makeup, RPG, Sheencolor USA, Nielsen, Anisa Beauty, Rpr Marketing Communications, MaCher, Cosmoprof North America, NYSCC, P&G Beauty, Johnson & Johnson, Unilever, Consultancy Media, Suite K, PIMS, WWD, Preen.Me, NPD Group and Ernst & Young.

Source: https://www.google.com/url?rct=j&sa=t&url=https://www.premiumbeautynews.com/en/cew-announces-finalists-for-2020,17047&ct=ga&cd=CAIyGmM2M2RhZjlmZTVmZDZjMmU6Y29tOmVuOlVT&usg=AFQjCNH_muSn2e_gPhgduQKXwqewYdaVhA

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Dosage for CBG/CBD tincture from LN?

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I just ordered the 1:1 CBG/CBD tincture from L. Naturals since I’ve heard CBG does wonders to anxiety, but since I am taking CBD now I didn’t want to go “cold turkey” off CBD and switch to CBG isolate (without knowing how well CBG works, plus full-spectrum/entourage effect).

Right now I am taking 25mg three times a day (1.25ml or 0.50ml three times of the high-potency tincture). What should I start with? I know really I should start low and increase, but like I said I don’t want to quit taking CBD while doing this process even though I know I should be good for a couple of days not taking my daily doses. Also, I’m on a lot of prescriptions right now that aren’t being affected, or noticeably affected, by CBD. Will CBG differ, especially with benzos/SSRI’s?

Source: https://www.reddit.com/r/CBD/comments/jg9mty/dosage_for_cbgcbd_tincture_from_ln/

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Indus Holdings, Inc. Welcomes Bruce Gates to Board of Directors; Announces Results of Annual Shareholder Meeting

California cannabis industry leader adds veteran executive and strategic advisor to leadership team SALINAS, Calif., Oct. 22, 2020 (GLOBE NEWSWIRE) — Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF), a leading, vertically-integrated cannabis company (the “Company”), is pleased to announce that at its annual shareholder meeting held on October 22, 2020 (the “Meeting”) shareholders voted in […]

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California cannabis industry leader adds veteran executive and strategic advisor to leadership team

SALINAS, Calif., Oct. 22, 2020 (GLOBE NEWSWIRE) — Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF), a leading, vertically-integrated cannabis company (the “Company”), is pleased to announce that at its annual shareholder meeting held on October 22, 2020 (the “Meeting”) shareholders voted in excess of 99% in favour of election of the Company’s nominees to the Board of Directors and the appointment of the Company’s auditors. At the Meeting, shareholders elected each of the incumbent directors of the Company nominated, in addition to new Company nominee Bruce A. Gates, a veteran executive and strategic advisor.

Mr. Gates serves as the Founder and President of Three Oaks Strategies LLC, a Virginia-based consulting firm that advises companies and individuals on strategic communications matters and public policy. He is also Founder and President of Three Oaks Asset Management LLC, a family office and venture capital firm that works to augment its financial participation with management advice, marketing advice, and relationship-building advice.

Bruce Gates is a seasoned executive with immense experience within complex regulatory environments set against shifting political backdrops.

Indus Holdings, Inc. Chairman of the Board George Allen

We are incredibly fortunate to have a leader and strategist of Bruce’s caliber on our board as we work to continue to take Indus to new heights of success.

Mr. Gates has served as Senior Vice President of External Affairs for Altria and briefly served as Altria’s representative on the board of Chronos Inc. He was a founding partner of Washington, D.C. public policy advocacy firm Washington Council, which was acquired by Ernst & Young in 2000.

“While it is still a young company, Indus has set the standard for a vertically-integrated cannabis operation with its acclaimed brand portfolio and commitment to being compliant in a highly regulated industry,” Mr. Gates says. “I am very grateful for the opportunity to lend my expertise to the board and I look forward to even greater success for Indus.”

Mr. Gates’ election comes as Indus Holdings, Inc. Co-Founder Robert Weakley departs the Board of Directors.

“We would like to thank Robert for all his service and his immense contributions to this Company as its co-founder. It is not easy for a founder to leave a company that he/she started and Rob has done an exemplary job and made every effort to make the transition as successful as possible. We are very grateful for Robert,” Mr. Allen says.

With Mr. Gates’ election, the following individuals now serve on the Board of Directors: George Allen (Chairman), Mark Ainsworth (Chief Executive Officer), Stephanie Harkness, William Anton, Kevin McGrath, Brian Shure and Bruce Gates.

In connection with the Meeting, the Company delivered a management information circular dated September 22, 2020 to its shareholders and filed the same on SEDAR. Prior to the filing thereof, the Company relied on the temporary blanket relief provided by the Canadian Securities Administrators, including the exemptive relief contained in Ontario Instrument 51-504 – Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials of the Ontario Securities Commission, to postpone the public filing of its executive compensation disclosure required under National Instrument 51-102 – Continuous Disclosure Obligations in respect of the Company’s financial year ended December 31, 2019.

ABOUT INDUS HOLDINGS, INC.
Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF) is a vertically-integrated cannabis company with advanced production capabilities, including cultivation, extraction, manufacturing, brand sales & marketing, and distribution. Founded in 2014 and based in Salinas, California, Indus offers services supporting every step of the supply chain and an extensive portfolio of award-winning brands, including Cypress Cannabis, House Weed, The Original Pot Co., MOON, Humble Flower, and Kaizen Medicinals. Indus Distribution, a division of Indus Holdings, Inc., is a leading California distributor of cannabis products, servicing an extensive portfolio of brands and licensed retailers.

Original press release

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The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.


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Source: https://www.newcannabisventures.com/indus-holdings-inc-welcomes-bruce-gates-to-board-of-directors-announces-results-of-annual-shareholder-meeting/

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Leading Colorado Edibles Brand Sees This Product as The Future of Cannabis Consumption

Exclusive Interview with 1906 Co-Founder and CEO Peter Barsoom Since launching in 2017, edibles company 1906 has been focused on creating a new product category: functional cannabis. It sees the opportunity to offer high-functioning adults an alternative to alcohol and pharmaceuticals as they navigate daily life, according to Co-Founder and CEO Peter Barsoom. Barsoom last […]

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Exclusive Interview with 1906 Co-Founder and CEO Peter Barsoom

Since launching in 2017, edibles company 1906 has been focused on creating a new product category: functional cannabis. It sees the opportunity to offer high-functioning adults an alternative to alcohol and pharmaceuticals as they navigate daily life, according to Co-Founder and CEO Peter Barsoom. Barsoom last spoke with New Cannabis Ventures in April 2019, and he checked in to discuss an innovative new product, new markets and continued expansion. The audio of the entire conversation is available at the end of this written summary.

New Team Members

Over the past year and a half, 1906 has made some additions to its leadership team. Jackie Cornell has taken on the role of Chief of Policy and Health Innovation. She has a long career in public health, previously working for the New Jersey Department of Health where she helped regulate the state’s medical market.

Chonie Bradley joined 1906 as Vice President of Finance. She previously served as the Vice President of Finance with Anne Holland Ventures, the company behind MJBizCon.

Market Reach and Expansion Philosophy

1906 currently has a presence in Colorado and Oklahoma. Within the next couple of weeks, it will be launching into Illinois and Massachusetts as well.

Inside 1906’s Operations (Photo Taken Prior to the COVID-19 Pandemic)

The company is working toward becoming the top brand east of the Rockies, according to Barsoom. When considering potential markets, the 1906 team likes limited-license markets–medical, adult-use or about to become adult-use. States like Illinois, Massachusetts, Maryland, Pennsylvania and New Jersey are appealing. But, the company finds markets with low barriers to entry interesting as well. It has built success in markets like that with its Colorado and Oklahoma operations.

1906 expects to be in four markets by the end of this year, and it plans to launch in three or four new markets next year.

The company’s growth this year has had to take place during the COVID-19 pandemic, which has driven the company to embrace an agile and lean strategy. With such a capital-tight market, 1906 is approaching expansion into new markets with a capital-light mindset. It is reaching new markets through partnerships, but it is taking a unique approach.

Instead of developing traditional licensing agreements, 1906 has created a mobile tableting operation. Through this initiative, a truck contains all the necessary equipment to create the company’s Drops. 1906 establishes a relationship with a local operator, taking up less than 750 square feet in their facility. Within just a few weeks, the operation can produce 3 to 5 million tablets of the 1906 Drops, according to Barsoom.

The mobile tableting operations allow 1906 to expand into new markets with a consistent set of equipment and without a significant capital investment. It is able to retain ownership and control of its manufacturing processes and intellectual property. The company is able to capture 50 percent of wholesale revenue through its partnership deals, according to Barsoom.

Product Portfolio

1906 views its competition through a lens wider than just the cannabis industry. Products that people use to manage and enjoy their lives, whether it is a cup of coffee, a glass of wine or a sleep aid, are competition for 1906’s products.

The company’s products, divided into different effects, are made with a combination of cannabinoids and other plant medicines. At the beginning of this year, 1906 launched its Genius effect, designed for cognitive focus. This product has a personal meaning for Barsoom. Diagnosed with ADD as a teenager, he has used Ritalin and Adderall for most of his adult life. While those medications worked for him, there are side effects. He hopes Genius can provide a potential alternative for cognitive focus. Already, Genius has become a top-selling product in Oklahoma, according to Barsoom.

The Genius Effect Has Been Developed to Support Cognitive Focus.

1906 has also launched its line of pressed tablets: Drops. These swallowable pills offer a way to experience cannabis in a traditional medicinal format. The Drops, available in any of 1906’s different effects, are controlled-dose, allergen-free and calorie-free. Barsoom sees this as becoming the future of cannabis consumption.

The Development and Launch of 1906 Drops Has Been a Major Focus for the Company Over the Past Year.

Previously, 1906 was excited about beverages, but now, the company has stepped back from this product category. Barsoom still sees opportunity in the long-term, but he thinks that social consumption will need to take off first.

While beverages are on the backburner, 1906 has a robust innovation pipeline. The company is working on extended-release tablets for its Midnight effect. Sleep is a major issue for millions of people, and 1906 sees an underserved segment in that market: people who don’t have trouble falling asleep but struggle to stay asleep. This new product will target those people.

1906’s Midnight Effect Features Chocolates Designed to Support Sleep. (Photo Taken Prior to the COVID-19 Pandemic)

1906 is also developing products to address women’s health and different types of pain.

Funding Insight

1906 raised $18 million last fall, and now, the company is in the process of raising a bridge round. This senior secured debt note, which is mostly funded, will help provide the necessary capital to reach profitability, according to Barsoom. The company expects to hit this milestone by December. After that, funding will become driven more by opportunity.

When allocating capital, 1906 carefully considers R&D projects as well as new market expansion.

In terms of future capital opportunities, Barsoom is carefully watching the opportunities that are currently on the sidelines. The outcome of the 2020 election could mean an influx of new, large institutional players into the market. Additionally, Barsoom is watching to see how SPAC money will be chasing deals in the industry.

Growth Outlook

In its first month of operations in Oklahoma, 1906 exceeded revenue expectations by three to four times, and Barsoom expects this trend to continue. Once the company reaches profitability in December, he anticipates the company will generate significant operating cash flow. As the company moves forward, its team tracks important metrics like same-store sales, labor productivity and return on investment capital.

While 1906 is highly focused on its innovation pipeline and expansion into new markets, the company is not losing sight of its responsibility to social justice. 1906 supports initiatives like the Last Prisoner Project and advocates for the creation of economic opportunities for people affected by the War on Drugs and for the end of mass incarceration. Barsoom sees the potential for cannabis to be a positive force in society, but he thinks the industry has not yet done enough to support and progress social justice issues.

New Cannabis Ventures provides a customized landing page for 1906, which is a client of New Cannabis Ventures. Listen to the entire interview:

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Carrie Pallardy, a Chicago-based writer and editor, began her career covering the healthcare industry and now writes, edits and interviews subject matter experts across multiple industries. As a published writer, Carrie continues to tell compelling, undiscovered stories to her network of readers. For more information contact us.


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Source: https://www.newcannabisventures.com/leading-colorado-edibles-brand-sees-this-product-as-the-future-of-cannabis-consumption-1906/

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