DALLAS, TX, Dec. 26, 2017 -- Bayport International Holdings, Inc. (OTC Pink: BAYP) is pleased to announce that it has engaged CaliPharms, Inc. (OTC Pink: KGET) as a consultant to assist with building a CBD section for Weedwiser.com’s e-commerce platform, according to a press release.
CaliPharms, Inc. has vast knowledge of the cannabis industry and will help guide Bayport in gaining further insights into the emerging sector. The consulting agreement is an important step for Bayport’s development of the Weedwiser e-commerce platform, as the company looks to list only reputable and high-quality products.
The CBD market is a multi-billion dollar market that is still in the early stages of growth. According to the Hemp Business Journal, the CBD market is forecast to be a $2.1 billion market by 2020. Greenwave Advisors’ Matt Karnes, forecasts the CBD market to reach $3 billion by 2021.
Through partnering with high-quality CBD extraction and distribution companies, management believes this will help deliver shareholder value and give its cannabis technology platforms an even greater ability to generate revenues.
Currently, Bayport International Holdings, Inc. has three major developments in progress:
- Development of a secondary cannabis technology platform to complement Weedwiser and expand its digital ecosystem.
- The Weedwiser e-commerce platform and online store that will have up to 15,000 products (apparel, clothing, accessories, CBD products, etc.) by the end of Q1 2018.
- Looking into enabling cryptocurrency payments, as well as traditional merchant payment capabilities, for the Weedwiser e-commerce platform.
