Algae Dynamics Corp. (ADYNF) Positioned to Benefit as Market Survey Highlights Consumer Preference for CBD

  • Survey respondents use CBD to treat anxiety, depression, insomnia and joint pain
  • ADYNF is researching impact of cannabidiol products in treatment of mental health issues and cancers
  • 61% of consumers surveyed said they are spending greater than $50 monthly on CBD products

Algae Dynamics Corp. (OTCQB: ADYNF) could be among the chief beneficiaries of a recent survey that found that 42% of respondents chose cannabidiol (CBD), derived from hemp or marijuana, and dropped traditional medicines (http://nnw.fm/6Qu2c). In addition, an “Understanding Cannabidiol” survey of some 2,400 members of HelloMD, an online CBD community, and market research firm Brightfield Group jointly found that, by an overwhelming majority, respondents favored CBD made from cannabis rather than industrial hemp (http://nnw.fm/s2m3Q).

CBD is being used instead of traditional medicines to treat anxiety (67%), insomnia (60%), joint pain and inflammation (52%) and depression (43%). A total of 61% of survey-takers said that they spend more than $50 monthly on CBD products, while more than half of respondents said they use…

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