HOUSE_OVERSIGHT_024867.jpg

1.29 MB
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Extraction Summary

1
People
3
Organizations
1
Locations
0
Events
1
Relationships
2
Quotes

Document Information

Type: Financial research report / market analysis
File Size: 1.29 MB
Summary

A Cowen 'Collaborative Insights' financial report page dated February 25, 2019, analyzing the U.S. market for CBD vapor and e-cigarettes. The document projects significant growth in the sector, forecasting CBD vape revenues to reach $360 million by 2020 and comparing this to JUUL's market share. The page includes three figures (95, 96, 97) illustrating sales forecasts and scenario analysis, and bears a House Oversight Committee Bates stamp.

People (1)

Name Role Context
Michael Cella Recipient/Employee
Email address michael.cella@cowen.com appears in the sidebar watermark indicating the report is intended for him.

Organizations (3)

Name Type Context
Cowen
Financial services firm producing the report (Cowen and Company).
JUUL
E-cigarette company used as a benchmark for market share comparison.
House Oversight Committee
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.

Locations (1)

Location Context
Market location for the sales data (U.S. CBD Vape Sales, U.S. E-Cigarette Sales).

Relationships (1)

Michael Cella Employment/Affiliation Cowen
Email address michael.cella@cowen.com in watermark.

Key Quotes (2)

"If vapor generates $360 mm in revenues in 2020, that would result in an implied market share of 3.2%, roughly 10% of JUUL's current U.S. market share."
Source
HOUSE_OVERSIGHT_024867.jpg
Quote #1
"We benchmark the market opportunity against the U.S. e-cigarette category, which we are forecasting to grow ~32% in 2019 and ~27% in 2020, resulting in revenues surpassing $11 bn in 2020."
Source
HOUSE_OVERSIGHT_024867.jpg
Quote #2

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