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Yesterday, Marijuanastocks.com released its highly anticipated “Connecting the Dots” report, covering CNRP Mining Inc. (CRPGF) and we wanted to provide some more insight after this informative report was published.
In late July, we initiated coverage on CNRP Mining after the company announced a deal to acquire X-Sprays, a brand of state-of-the-art life-enhancement products administered via an optimal oral spray delivery system.
From sleep to energy, X-Sprays proprietary product line is focused on areas that have a huge addressable market. The company is also levered to a trend toward smokeless marijuana products and we expect this product to resonate with people who do not even want to consume marijuana oil.
Shares Bounce Higher After the Signing of a Definitive Agreement
Last week, CNRP Mining traded higher after the company signed a definitive agreement to acquire X-SPRAYS. This acquisition is significant as it will provide the company with an exclusive world-wide license to an existing line of CBD infused nutraceutical products that are already being sold.
CNRP has been executing on all cylinders and earlier this month, the company closed on a $3 million non-brokered private placement offering. X-Sprays proprietary product line is comprised of eight health care and life enhancement nutraceutical products that include both hemp CBD and nutraceutical ingredients (4 with CBD and 4 nutraceutical).
One of the attractive aspects of X-Sprays; fundamental story pertains to the minimal capital and resources needed to enter new markets. X-Sprays is implementing a multi-faceted distribution strategy and will use traditional retail outlets, its e-commerce outlet, and non-traditional retail outlets
A Unique Natural Product Targeting Major Indications
CRPGF is targeting indications with a massive addressable market and has focused its efforts on creating a natural product line of oral sprays to deliver medicines, nutrients and vitamins. The product contains natural fruit or mint flavors and are free of: artificial flavors, artificial colors, sugar, starch, wheat, soy, gluten, eggs, salt and dairy.
X-Sprays’ product provides a precise dose and each one contains a 30-day supply when used as suggested (8 sprays every day). The company’s products include:
- Pain relief – Fast acting and non-addictive
- Awareness – Increases focus naturally
- Sleep – Improves sleep without addictive additives
- Libido – Enhances your libido naturally
- Energy – Caffeine free and quick acting formula
- Recovery – A dose of natural ingredients to help you get through any day
A Multi-Billion-Dollar Market Opportunity
Earlier this year, Research and Markets released a new report published by BCC Research which said that the global nutraceutical market should be a $285 billion market by 2021.
According to BCC Research, nutraceutical products can enjoy significant price premiums over the nearest ordinary competitive products (can cost 1,500% more). We do not expect this trend to end anytime soon as consumers are willing to pay higher prices for products that support health.
BCC Research Editorial Director Kevin Fitzgerald said, “Despite a trend of reduced consumer spending in the wake of the economic downturn, consumers are willing to pay a significant premium for fortified or high-nutrition products. They’re investing in their health.”
Market Responds Favorably, A Stock You Cannot Miss
X-Sprays is led by a management team has more than 20 years of relevant experience and has demonstrated an ability to create value for its shareholders. The company is levered to a multi-billion-dollar market and offers a product that is effective and differentiated from the competition.
We are favorable on the recent developments and believe that signing of a definitive agreement as well as the closing of the financing have CNRP well positioned to execute on its operating plan.
We will continue to monitor how this team continues to execute and deliver value to its shareholders. CRPGF is a company that we will continue to monitor and believe this is stock that needs to be watched!
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