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Boca Raton, FL, Dec. 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Smart Decision, Inc. (OTC Pink Markets: SDEC), a next-generation consumer-based LED & CBD algorithm innovator, will be announcing a strategic engagement with a leading computational data firm as early as next week.
"We’ve spent a considerable amount of time searching for a development company that could develop class-leading software that hides complex computations and interactions from the end-user with simple and approachable interfaces,” said Adam Green, CEO of Smart Decision, Inc.
More details to follow next week.
While the CBD market is still relatively new in most regions, it has already experienced dramatic innovations over the past few years. Originally, CBD products were predominantly sold as flower. However, entrepreneurs began to develop new methods of consumption. Consequently, CBD-based products such as concentrates, extracts, edibles, beverages, and tinctures became explosively popular. To note, CBD became popular because researchers discovered that it offers a number of therapeutic benefits. Studies discovered that CBD can effectively suppress symptoms associated with severe conditions such as cancer, epilepsy, Alzheimer's, and chronic pain. In a newly released report from Brightfield, the company is calling for year-over-year CBD product sales growth in the United States of 706% in 2019 to around $5 billion and sales of $23.7 billion by 2023. Growing CBD revenue from about $620 million in 2018 to $23.7 billion by 2023 works out to a compound annual growth rate (CAGR) of approximately 107%.
About Smart Decision Inc.
Smart Decision Inc. has researched and is developing algorithms for the consumer and business LED Lighting and CBD markets. With their patent-pending “Smart Decision” algorithms, the confusion of selecting the right product(s), whether for LED or CBD, will be significantly reduced. Ultimately, Smart Decision Inc. believes that selecting the right product the first time, dramatically cuts down on product returns and creates a positive purchasing experience for the consumer. Their site can be viewed at https://cbdsmartdecision.com.
Who can benefit from our Recommendation Algorithm?
8 Medical Conditions that CBD can help treat:
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to access to capital, liquidity, increased visibility, our growth strategy and product development, updates on the CRADA, and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our dependence on third-party suppliers and partners; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. Important factors that may cause the actual results to differ from those expressed within may include, but are not limited to: the success or failure of Smart Decision’s efforts to successfully market its camera; systems, other products and services as scheduled; Smart Decision’s ability to attract and retain quality employees; the effect of changing economic conditions; increased competition; the ability of Smart Decision to obtain adequate debt or equity financing. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.
For more information, please contact:
Adam Green, CEO
Corporate Website: http://smartdecisioninc.com
Consumer Website: https://cbdsmartdecision.comNEXT ARTICLE
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