Hempu Time highlights three core products in 2022
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E-mail China.org.cn, February 21, 2022
Hempu Time, a Chinese hemp company, will highlight three of its CBD products this year — a pain-away spray, patches and cream — while promoting cooperation with Thailand and trade worldwide.
The company's CBD pain-away spray, which was rolled out in 2021, was well received, especially in the United States, according to Ji Han, CEO of Hempu Time.
"The next step for Hempu is to develop a range of scented sprays, including those specially designed for women," Ji said. The reinvented spray will maintain the pain relieving effects of CBD and traditional Chinese medicine, while incorporating floral fragrances, which Ji explained represents a surprising new innovation among both pain-relief and CBD products.
Another major product of Hempu Time — its CBD pain-away patch, released on Feb. 10 — could be the first product of its kind in China, said Ji. The patches have so far been sold in Malaysia, Thailand, South Africa and the U.S. Scented patches are also currently under development, with possible fragrances including sandalwood.
Hempu Time is also seeking a larger market share and greater cooperation in Thailand, and is playing its trump card by debuting a CBD cream there featuring local ingredients in 2022 with Brother Bao, a local company. The Thai company owns two hemp farms, a greenhouse of around 8 hectares and a field of over 30 hectares, which provide raw hemp material for further processing.
To extract CBD and develop future products, Hempu Time co-established a laboratory with Suan Sunandha Rajabhat University, a leading Rajabhat university in Thailand. With the professional equipment of Hempu Time and relevant licenses from its Thai partners, Hempu Time's business in Thailand will run smoothly, Ji said.
Thailand is a country that welcomes CBD products and boasts strong consumer awareness in this area, according to Cai Zhen, CEO of Brother Bao. The nation's medical cannabis market reached a value of $26.3 million in 2020. Looking forward, the market is expected to grow at a compound annual growth rate of around 32% from 2021 to 2026, according to a report by market research company IMARC Group.
With breakthroughs in scented CBD sprays and patches, as well as cooperation with a Thai company and university, Ji believes that Hempu Time is well placed to enjoy a greater share of the global CBD market.
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