why are cannabis edibles creating a buzz? · 2019-11-27 · has now grown to house 11 brands –7...
TRANSCRIPT
WHY ARE CANNABIS
EDIBLES CREATING A
BUZZ?
• Bravura Foods is a leading specialist in vegan and
vegetarian brand distribution, sales & marketing.
• Established in 2011 with one brand, the company
has now grown to house 11 brands – 7 of which
are distributor brands, 4 of which are our own
brand
• We supply to the health food, multiple grocery,
convenience, drug store, pharmacy high street,
online, convenience, “horeca”(hotels-restaurants,
cafes), discount & export markets.
• Co Founders – Lisa Gawthorne & Karl Morris
BUSINESS BACKGROUND
HOME OF MULTIPLE AWARD WINNING PLANT BASED FOOD AND DRINK BRANDS
We represent leading and award winning vegan and vegetarian brands enriched by their intrinsic quality and focus on innovation. In addition to the brands that we
represent as a UK distributor, we also have our own brands (Free From Fellows and Peanut Hottie). We pride ourselves in being able to give all brands an equal share
of voice and a gold standard service in every departmental function that allows the brand to grow and develop successfully in the market with a long term approach.
Bravura Foods is passionate about providing exceptional vegan food and drink products from around the world. We bring strong innovation, exquisite taste and visual delights
with our portfolio of carefully selected brands.
Vision: THE FUTURE IS VEGAN…
Learning about CBD
LEARNING ABOUT
CBD
WHAT IS CBD?
Definition of Cannabidiol - CBD
• A crystalline, nonintoxicating cannabinoid
C21H30O2 found in cannabis and hemp
that is sometimes used medicinally-
Merriam Webster Dictionary
• NOTE: After THC, cannabidiol is the
second most prevalent cannabinoid in
cannabis
• CBD is legal in the UK There are a
multitude of claims around the
therapeutic benefits of CBD
• CBD is short for cannabidiol. It is the
active ingredient in cannabis that does
NOT get you high as it does not contain
THC (tetrahydrocannabinol).
CBD MARKET INTEL
The Grocers No.1Tip for
2019(05.01.19)
The CBD market will hit 22 billion globally by 2022
(Bright field Group)
According to Harris Active
Research60% of
consumers would buy a
CBD drink
The CBD UK Market has
gone from 0-£300m
In 3 years (The Times
19.08.19)
FoodBev Mag June 2019
CBD MARKET INTEL
CBD can easily slot into the $4.2 trillion global wellness
industry
UK set to follow the US Trends - like
Kombucha market
Grocer April 2019, Rolling Stone.com May 2019
CBD MARKET INTEL
WHY IS CBD SEEING SO MUCH GROWTH?
• Stress continues to be a huge
problem in society
• This also affects blood
pressure, sleep and
depression rates
• Alleviators: Medication,
fitness, herbs, CBD
• CBD has multi usage benefits
Liv Tyler has opened up
about her ongoing
battle with anxiety,
revealing that she
takes a daily dose of
CBD oil in order to
treat her nerves and
worry.Gwyneth Paltrow is
often credited with
popularizing (and
normalizing) CBD use
within the beauty and
wellness industries
POSITIVE ADVERTISEMENT& the buzz around CBD
CBD TRENDS
Vegan CBD-filled Oreos are the ultimate munchies treat
Ben & Jerry’s hopes to stay
incredibly on-brand with
CBD ice cream
• Large opportunity for UK
companies to enter the CBD
skincare market and follow in
the footsteps of the US market
• Products target multiple
consumers at multiple price
points
It is estimated that women in the UK spent £1.18 billion on facial skincare alone on 2018
Love Hemp, facemask-
£9.99
Holland & Barrett, CBD facial serum-
£19.99
Kloriscbd.com- “from £12”
BEAUTY & SKINCARE
Rodial, CBD sleep drops,
£85
The global market is now estimated to be worth $19.3bn (£15.5bn) - up from $6.9bn (£5.5bn) just five years ago.
• Vape UK introduced CBD products onto their website in 2017, they proved so popular that they developed a sister website called Vape UK CBD, purely to sell CBD vape products.
VAPE INDUSTRY
Starbuds
opened in June this year, in
Sheffield
HORECA
Yogland
Frozen yoghurt shop in west
London, which has
introduced a Hemp Matcha
flavour frozen yoghurt
containing CBD oil.
Farmacy
Farmacy is a venue which has
a whole menu and ethos
revolved around health. You
can now book an afternoon tea
which includes truffles infused
with CBD oil.
Maison Bab
Its drinks menu features a Gin
& Chronic, which mixes
Bombay Sapphire gin with
lemon and a dose of CBD oil.
• Three great popular mainstream flavours –Lemonade, Raspberry and Mango & Passionfruit
• 250ml slim line cans
• Very low sugar
• 15mg natural CBD in each can –full spectrum, THC free and not isolate
• Fully certified, EU compliant, British extracted and manufactured CBD
• 12 cans in a SRP fully recyclable box
• No artificial flavours
• No refined sugars
• Fully supported with Marketing, PR, Sampling and Social Media
• On trend with Millennials and generation Z
INTRODUCING: the leaf life
LAUNCHING A CBD DRINK
Background: Why a CDB Drink?
WHY A CBD DRINK?
The CBD category is very much on trend at the moment, with several
brands launching this year across formats. From snacking to RTD there’s
lots of opportunity to capitalise on the market.
We don’t believe that any of the competitors are doing RTD
successfully, and that we have the opportunity to carve a niche in
the market. We need to launch a brand that can be the original,
genuine and delicious leader.
• The main issue is assuring consumers
they wont get high
• We decided not to make the cannabis leaf
the hero but focus instead on promoting the
wellbeing benefits of CBD
• Its recognised it was key to be clear about
dosage which is why we have 15mg printed
on the front of each can
• As a business, we currently cannot make
any claims on pack, so clever use of wording
and visual language was key to guide
consumer to do some research about CBD
and what it can deliver
THE CHALLENGES OF MARKETING CBD
BRAND & DESIGN
• We specialise in the healthy
food and drink sectors.
• We launch, reposition and
refresh brands for success in
mainstream retail, on line or
on-trade
• We track changing
consumption occasions,
motivations and drivers of
purchase.
THE POWER OF BRANDING
• Design drives trial in store for new products
• It communicates your brand story
• Key brand messages can be delivered
effectively
• Design builds a connection with consumers
• Volvic L’Mon - National Listings –
Sainsbury, Tesco, Boots, Co-op - 15000
stores
• Heath & Heather Herbal Tea - 48%
increased in price per kilo
BACKGROUND
The competition seem to approach the
positioning from something that feels very
‘cannabis’ centric to Sprig who deliver CBD at a
very low level.
BACKGROUND
CONSUMER PROFILING
OUR CONSUMER
Based on our understanding of the shopper and buying behavioursThere are 3 core areas that capture the balance of who our target
consumer is, this manifests itself in our consumer profile.
60% Women40% Men
18 - 35 years oldEarly adopters
Semi professional,
disposable income
BRAND NAMINGconsumer test results
Leaf Life came out on top for general
popularity (picked in top 3)
Leaf Life had the
strongestoverall vote with 44%preference
56%females picked
leaf life
Leaf Life the name was put
into consumer testing in a group of ten possible names and
tested across 84 consumers
43%Males picked
leaf life
TAKE-OUT
• CBD has many benefits that are not claimable on pack, but subliminal messaging can
help
• CBD is layered with myth and confusion. Be clear about your proposition calming,
energising, focused
• Identify the barriers that may limit your audiences interest in CBD and address them
• Identify a ‘Brand Idea’ that reflects your benefits and can be used in all comms.
• Normalise CBD without overplaying the stereotypical ‘Cannabis Leaf’ visual
iconography
• Emphasis the natural ingredients of your CBD proposition
• Combine with well known ingredients to make your proposition accessible
• Leaf Life is being launched nationally in
2019
• On line and in independent health food
retail
• Shortlisted in the Best New Drinks Category
RESULTS