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Cannabis Companies Expanding Global Grow Operations in Lieu of Skyrocketing Consumer Demand


News provided by

MarketNewsUpdates.com

11 Jul, 2018, 12:40 GMT

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PALM BEACH, Florida, July 11, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Demand for legal cannabis is growing at unprecedented rates as the industry continues to develop into an economic powerhouse across the Globe. According to data from Anderson Economic Group, demand for cannabis in the United States alone has risen by 25% since 2015. Last year, the industry raked in roughly $9 billion in sales in the US according to BDS Analytics. This rapidly rising demand is creating a need for expanded operations to keep up with the needed output and leaders in turn are investing infrastructure and buying land for additional operations locations here in North America as well as Major Global locations. Active cannabis stocks in the markets today include: CROP Infrastructure Corp. (CSE:CROP) (OTC:CRXPF), Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF), Canopy Growth Corporation (NYSE:CGC) (TSX:WEED), Mym Nutraceuticals Inc. (OTC:MYMMF) (CSE:MYM), Neptune Technologies & Bioressource Inc. (NASDAQ:NEPT) (TSX:NEPT), Aphria Inc. (OTC:APHQF) (TSX:APH).

CROP Infrastructure Corp. (CSE:CROP) (OTCPK:CRXPF)) BREAKING NEWS: CROP Infrastructure announces its 30% owned Italy Joint Venture partner "XHemplar Italia" has planted 25 acres or 1,089,000 square feet of high CBD "Cannabis Light" in North Eastern Italy. This represents over a 100% increase on the previously announced capacity announced in press release dated June 27th 2018.

The Joint Venture's resulting high CBD "Cannabis Light" will be processed and sold into international CBD markets under white label, the venture's house name XHemplar and Crop brands Tiffany CBD and Hempire Italia. The company will also use the production to infuse its recently announced therapeutic and cosmetic product lines, licensed from The Yield Growth Corp., which transaction is now complete giving Crop exclusive rights in Italy to over 55 wellness products.

According to Arcview Market Research and its partner, BDS Analytics, government-subsidized health care spending (worldwide market at $1.3-trillion) is expected to make Europe among the fastest growing and largest medical cannabis markets in the world. Arcview expects Italy to be the second largest cannabis market in Europe by 2027 with $1.2 billion in sales.

CROP Infrastructure Director & CEO Michael Yorke states: "The company is extremely encouraged by the fast pace with which the team at XHemplar has commenced production in Italy. CROPs portfolio of cannabis infrastructure assets now includes cultivation properties in California, Washington State, Nevada, Italy and joint ventures on West Hollywood and San Bernardino dispensary applications. CROP has developed a portfolio of 15 Cannabis brands and also has US and Italian distribution rights to a line of over 55 cannabis topical products. Read this full announcement and more news for CROP Infrastructure at: http://www.marketnewsupdates.com/news/crop.html

Additional cannabis industry related developments from around the markets:

Canopy Growth Corporation (NYSE:CGC) (TSX:WEED.TO) and Hiku Brands Company Ltd. (CSE:HIKU.CN) recently announced that they have entered into a definitive arrangement agreement (the "Agreement") pursuant to which Canopy Growth will acquire all of the issued and outstanding common shares of Hiku (the "Transaction"). Under the terms of the Agreement, Hiku shareholders will receive 0.046 of a Canopy Growth common share (each whole share, a "Canopy Share") in exchange for each common share of Hiku (each, a "Hiku Share"), representing the equivalent of C$1.91 per Hiku Share and a premium of 33% based on the 20-day volume weighted average prices of the Canopy Shares and the Hiku Shares as of July 9, 2018, and a premium of approximately 21% based on the closing prices of the Canopy Shares on the Toronto Stock Exchange ("TSX") and the Hiku Shares on the Canadian Stock Exchange ("CSE") on July 9, 2018.

Mym Nutraceuticals Inc. (OTCQB:MYMMF) (CSE:MYM.CN) recently announced that it has entered into an Investment Agreement to acquire a 49% stake in Colombian cannabis company, Colombia Organica, that currently holds a seed to sale license for low THC cannabis. This license permits Colombia Organica to grow, produce and create cannabis derivatives to be commercialized and / or exported. Further, Colombia Organica is in the licensing process for the cultivation and production of high THC cannabis extracts. MYM and Colombia Organica have plans to build a production facility near Medellin, Colombia for the cultivation and processing of cannabis and cannabis products. Currently, Colombia Organica is developing and registering seed strains with the Colombian Agricultural Institute.

Neptune Technologies & Bioressource Inc. (NASDAQ:NEPT) (TSX:NEPT.TO) recently announced it entered into a multi-year agreement with Canopy Growth (TSX:WEED.TO) (NYSE:CGC). Under the terms of the agreement, Neptune will supplement Canopy Growth's extraction, refinement, and extract product formulation capacity. "We are truly excited to partner with such a great company as Canopy Growth. This multi-year agreement, including minimum volume commitments, will be supported by Neptune's decades of experience in extraction, purification and formulation of value added differentiated science-based products," said Michel Timperio , President of Neptune's Cannabis Business.

Aphria Inc. (OTCQB:APHQF) (TSX:APH.TO) recently announced it has signed a Supply Agreement (the "Agreement") with the Alberta Gaming, Liquor & Cannabis Commission ("AGLC") to provide a portfolio of high-quality cannabis and cannabis-derivative products for sale in Alberta's adult-use market. "We are thrilled to be working with such a strong partner that is equally committed to promoting responsible cannabis use," said Jakob Ripshtein, Chief Commercial Officer at Aphria. "This important agreement enables Aphria's adult-use brands to have a strong presence in Alberta's dynamic retail landscape. Through our partnership with the AGLC, we look forward to providing access to our thoughtfully crafted portfolio of brands that were designed to meet the diverse needs of Alberta consumers."  

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated forty nine hundred dollars for news coverage of the current press release issued above by CROP Infrastructure Corp. by a non affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Media Contact
email: info@marketnewsupdates.com
+1(561)325-8757

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