Tauriga Sciences, Inc., a revenue generating, diversified life sciences company, with a proprietary line of functional “supplement” chewing gums (Flavors: Pomegranate, Blood Orange, Peach-Lemon, Pear Bellini, Mint, Black Currant) as well as two ongoing Biotechnology initiatives, announces that it has commenced the development of a Vegan, Cannabidiol (“CBD”) infused Pet Food Treat (“Pet Treat”). The Company has contracted an industry expert to help with: formulations, specifications, designs, regulations, and certifications. The Company’s aim is to commercially launch its proposed Pet Treat product, during March 2021.
Recall that on June 8, 2020, the Company issued the press release: “Tauriga Sciences Inc. Taking Concrete Steps to Expand into the Fast-Growing CBD Infused Pet Food Market Segment.” For the Year 2020, the U.S. pet treat market is projected at $7 Billion – driven by CBD & Other Ingredient trends.
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.