HempCBD Investor Magazine Issue 2 - February 2020 | Page 22

Elemental Pharma, Inc.

22

Last but certainly not least, it should also be kept in mind that in

addition to its pharmacy network, Elemental Pharma has also set up other lines of marketing. Some of those include MLMs ( multi-level marketing companies), online affiliate markets, social media marketing, and direct marketing among others. The company currently has as many as eight wholly owned subsidiaries under its control and hopes to fuel its growth through those entities.

However, it is also necessary to keep in mind that the total addressable

market for Elemental Pharma is significant and if it can corner a portion

of that market, then it could possible turn into one of the larger

operators in the industry.

Research suggests that the total addressable market could eventually

grow into as much as $11.3 billion and hence, it is quite clear that there is an immense promise for a vertically integrated company like

Elemental Pharma. The company is currently harvesting 55,000 kilos of

biomass a year and it seems to be on the right path to prominence in

the CBD market.