FinancialBuzz.com News Commentary

NEW YORK, April 2, 2019 /PRNewswire/ -- The cannabis plant has recently seen a widespread growth in popularity and even though the plant is still considered illegal in most countries, a handful are moving towards legalization. Most of these countries are legalizing cannabis for medical purposes, while some are looking to legalize it for recreational use as well. Cannabis is commonly stereotyped as a psychoactive drug, due to its tetrahydrocannabinol or THC makeup. However, as research and clinical trials have progressed over the past few decades, consumers have noticed that the plant is much more versatile and not for just getting "high." Now, researchers have been able to link cannabis to the treatment of certain medical conditions. Additionally, more and more companies and entrepreneurs are entering into the cannabis space in an effort to offer consumers medical cannabis treatments. While the use of cannabis is more readily available for medical applications, there is still a large recreational market, particularly in the U.S. and Canada. The recreational sector of the cannabis industry is still heavily regulated, but many countries have moved to decriminalize the plant, allowing its denizens consumption in moderate amounts. The shift in regulatory enforcement regarding cannabis is also influencing other countries to explore opportunities within the industry. According to data compiled by Mordor Intelligence, the global cannabis market was valued at USD 7.7 Billion in 2016 and is expected to reach USD 65 Billion by 2023. Additionally, the market is expected to register a robust CAGR of 37% during the period. Nerds On Site Inc. (OTC: NOSUF) (CSE: NERD), Weekend Unlimited Inc. (OTC: WKULF) (CSE: POT), InMed Pharmaceuticals, Inc. (OTC: IMLFF) (TSX: IN), Freedom Leaf, Inc. (OTC: FRLF), PotNetwork Holdings, Inc. (OTC: POTN)

The development of the cannabis industry has introduced various public and private sectors into the marketplace. Companies related to banking, finance, law, food, security, and even technology have expanded outward and into cannabis. In particular, the technology market has come into focus because of the large role that it can play within the industry. Now, multiple technology companies are developing e-commerce platforms for cannabis consumers, while some are integrating blockchain technology into operations. In addition, the information technology market is also beginning to play a major role in the cannabis industry as well. Information technology is often used in the cannabis industry to provide platforms such as seed-to-sale tracking for growers and retailers, ID scanning for buyers, databases for customers, and digital marketing for both businesses and consumers. Established and large marketplaces such as Colorado and California have already integrated various examples of this technology and these two states are the largest revenue drivers for the global cannabis market. The integration of technology allows dispensaries, retailers, cultivators, and distributors to keep track of their operation, allowing them to operate fluidly and effectively meet demands. "This harnessing of an information technology to track the cannabis market is key to Colorado's forceful march towards creating a thriving legal marijuana industry. Crucially, the state's ability to use tracking and Big Data could provide a reference point for other jurisdictions interested in the regulatory potential offered by tracking," according to Daniel Martinez, Dane Pflueger, Tommaso Palermo and Daniel Brown, associates at HEC Paris Insights.

Nerds On Site Inc. (OTCQB: NOSUF) (CSE: NERD) also listed on the Canadian Securities Exchange under the ticker (CSE: NERD). Earlier today, the Company announced breaking news that, "Cannabis IT in a Box, the "Go To" solution, delivered, installed and serviced for SME businesses in the cannabis industry last week, announces its first customer for the solution - Northern Lights Supply retail operation in Alberta.

Northern Lights Supply is situated in Nisku, Alberta, at the intersection to Canada's largest oilfield industrial park, along Alberta's busiest corridor, Highway 2 and opposite the Edmonton International Airport. The store provides 6,500 square feet of retail space, making it one of the largest approved retail cannabis stores in Alberta. Northern Lights Supply opened on 23 February 2019. Northern Lights Supply is a Weekend Unlimited brand (CSE: POT).

"This is an ideal solution for our start up retail operation. The Cannabis IT in a Box concept is exactly what we needed to ensure, as a small business, that we have the resources and expertise of a highly sophisticated operation when it comes to best practices and applications for our information technology," said Mr. Derek Shields, President and CEO, Northern Lights Supply.

The NERDS on Site Cannabis IT in a Box solution will provide the following services to Northern Lights Supply:

• IT support for existing systems
• Development and provision of inventory tracking and sales systems
• Security systems and video systems maintenance and monitoring
  (access card or fob solutions with multi-level access function, timer and alarm features) 
• IT systems regulatory compliance management
• Network monitoring and management
• In store network security and ransomware protection
• Corporate and multi store network support, management, and ransomware protection
• Website development e-commerce ready, from simplest to most complex systems 
• Mobile in person support if required, with back up capabilities, remote access and remote support

"Derek and his team have seized the early opportunity to work with us in prototyping and launching Cannabis IT in a Box with their solid retail operation," said Mr. Charles Regan, CEO, NERDS on Site. "Northern Lights Supply is an impressive operation, it has been designed to set the standard for cannabis retail operations and its strong customer flow in the first month of operations presents an opportunity for us to design and scale their Cannabis IT in a Box solution for the long-term success of their business."

The Cannabis IT division of NERDS delivers the most experienced and agile IT solutions company, serving small and medium sized businesses, to new and existing operators in the Cannabis space. The turn key Cannabis IT in a Box solution is designed to get businesses up and running efficiently, in full compliance, and with instant access to the information they need to serve customers."

For our latest "Buzz on the Street" Show featuring Nerds On Site Inc. recent corporate news, please head over to: https://www.youtube.com/watch?v=rFuEBDOjsqU

Weekend Unlimited Inc. (OTCQB: WKULF) (CSE: POT) is capitalizing on its vast industry relationships to establish a lifestyle brand featuring premium products and delivering life's highest moments. Weekend Unlimited Inc. recently announced that Northern Lights Supply, for which Weekend Unlimited has previously announced an arms-length agreement to acquire 49% of, has celebrated its grand opening on Saturday, February 23rd, less than three weeks after receiving one of 10 new licenses in Alberta. Northern Lights Supply is situated in Nisku, Alberta, at the intersection to Canada's largest oilfield industrial park, along Alberta's busiest corridor, Highway 2 and opposite the Edmonton International Airport. The store provides 6,500 sq. ft. of retail space, making it one of the largest approved retail cannabis stores in Alberta. Northern Lights Supply was designed to take advantage of the upcoming edible and infused cannabis products, scheduled to be legal in the fall of 2019. "The initial customer response confirmed we hit a home run with not only our store design and selection but just as important, our team's commitment to cannabis education," said Northern Lights Supply President, Derek Shields. "With very little promotion our grand opening achieved sales of USD 27,000 (approximately 35% margin) and our customers provided terrific feedback, mainly that they appreciated an education focused experience in the store, something we see as our number one priority," added Mr. Shields.

InMed Pharmaceuticals, Inc. (OTCQB: IMLFF) (TSX: IN) is a biopharmaceutical company developing a proprietary biosynthesis system for the manufacturing of pharmaceutical-grade cannabinoids, as well as a pipeline of cannabinoid-based medications that target diseases with high unmet medical needs. InMed Pharmaceuticals Inc. recently provided an update on its drug development program for the treatment of Epidermolysis Bullosa. The Company has determined that the clinical development path forward with its investigational drug candidate for the treatment of EB, previously referred to as INM-750, will be optimized by transitioning to an alternative formulation, now designated as INM-755. INM-755 is formulated based on one of the two cannabinoids that comprised INM-750. Alexandra D.J. Mancini, MSc, InMed's Senior Vice President, Clinical and Regulatory Affairs, commented, "Our decision to move forward in clinical development with INM-755 is data-driven. Moreover, we believe that pursuing a single-agent formulation, rather than a combination product, will ultimately improve the probability of development and regulatory success in this complex and rare disease," Ms. Mancini continued, "INM-755 will be developed based on its potential to provide symptomatic benefit for all EB patients, and possibly improve skin integrity in a subset of EB Simplex patients through keratin up-regulation."

Freedom Leaf, Inc. (OTCQB: FRLF) is a diversified, global leader in plant-based care providing premium Hemp CBD health products across advanced care, consumer and pet markets to promote greater health, wellness and longevity. Freedom Leaf, Inc. and Pura Naturals, Inc. (OTC: PNAT) recently jointly announced a Strategic Alliance Agreement between the companies. On December 20, 2018, Pura and Freedom Leaf entered into a Strategic Alliance Agreement where Freedom Leaf will supply CBD to Pura as part of Pura's health and beauty line of products that contain CBD. The Pura Health and Beauty Line will feature "IrieCBD Inside" with Freedom Leaf, Inc. receiving a royalty. Freedom Leaf will also assist with marketing, distribution and sales of Pura's products and receive a fee for this work. Clifford J Perry, C.E.O. and Member of the Board of Directors of Freedom Leaf said, "Freedom Leaf is happy to provide our CO2 extracted CBD to Pura Naturals for inclusion in their new health and beauty line of products. We are always looking for methods of increasing the reach of our IrieCBD brand."

PotNetwork Holdings, Inc. (OTC: POTN) is a publicly traded company that acts as a holding company for its principal subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products. Diamond CBD Inc. recently announced that it is presenting its popular line of Diamond CBD oils, edibles, and creams to several large pharmacy chains. Recently passed federal legislation that legalizes industrial hemp production in the United States has generated increased mainstream acceptance of CBD-based products and drawn interest from retailers looking to capitalize on the public's desire for products that reduce stress and anxiety. "Our array of CBD products already play an active role in the wellness routine of thousands of Americans," said Kevin Hagen, Chief Executive Officer of Diamond CBD parent company PotNetwork Holdings, Inc. "That's why we are happy to present the benefits of CBD and our popular oils, edibles and beauty products to several large pharmacy chains in the days ahead."

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia 
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz 
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz 
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com  (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For nerds on site inc. financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.

For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879
Url: www.FinancialBuzz.com

SOURCE FinancialBuzz.com