St. Louis, Missouri – January 30, 2023 – Herbal Botanical Products LLC, which develops and distributes proprietary topical pain products infused with cannabinoids derived from industrial hemp, has launched an equity crowdfunding campaign with Wefunder. The company operates under the brand name “Theá Panakeia Botanicals,” in reference to Panakeia, the mythological Greek goddess of natural remedies who used natural potions and poultices to soothe physical pain.
With its broad range of topical creams, oils, gel caps, and edibles infused with high concentrations of CBD, CBG, and CBN oils, Herbal Botanical Products’ goal is to help its customers find relief from chronic pain, anxiety, and depression, and to introduce them to a variety of other health benefits that help to elevate the overall quality of life.
“Herbal Botanical Products has created what we believe to be the broadest and deepest topical pain management products isolated from the Sativa L industrial hemp plant,” says co-founder and CEO Steven Michael McKay. “We see an extraordinary opportunity to alleviate people’s pain while operating a business at margins in excess of 70%.”
Mr. McKay, an experienced telecommunications executive who has already served as principal in the acquisition and sale of 13 companies, founded Herbal Botanical Products to acquire the assets — including CBD products, manufacturing equipment, and other raw materials — of two CBD companies that had filed for bankruptcy. In total, the company possesses finished goods and raw materials that could generate in excess of $5 million in revenue.
“Our combination of fully water-soluble, nanosized CBD products creates an ‘entourage effect’ that provides anti-inflammatory boosts and high-quality absorption,” Mr. McKay continues. “The result is increased bioavailability, which consumers have expressed as their number one buying criterion when selecting CBD-infused products.”
“We are focused on bringing advanced health products and services not currently available in the Cannabis industry. Our product development team and partner companies are instrumental to this end. We pride ourselves on our ability to develop new product concepts and bring them to a market open to innovation,” McKay states.
Due to increasing government support for chronic pain treatment, the growing geriatric population, and the rising prevalence of chronic health conditions, the $2.5 billion market for topical pain products is expected to grow at a 6% compounded annual growth rate. Additionally, the CBD market is expected to exceed $56 billion by 2028 and, given the market fragmentation, Mr. McKay sees an opportunity to capture 1%-5%s of that market. After this funding round, the company will move into a phase of hyper-growth and look to exit in approximately five years.
For more information about Herbal Botanical Products, LLC and its equity crowdfunding campaign, please visit its crowdfunding site
About Herbal Botanical Products:
Since launching in 2020, Herbal Botanical Products, LLC has established retail distribution in Florida and will accelerate its growth by further expanding on its proven strategies. Herbal Botanical Products’ mission has always been driven by its customers and how to improve their quality of life through products that improve their health and wellness.
Company Name: Herbal Botanical Products, LLC
Contact Person: Stephen McKay
Email: Send Email
Address:Herbal Botanical Products, LLC 1477 Tiny Town Road, Suite 317
State: TN 37042
Country: United States