PALM BEACH, Florida, September 25, 2018 /PRNewswire/ --
Financialnewsmedia.com News Commentary
BDS Analytics recently commented that the total economic output from legal cannabis is expected to grow 150% from $16 billion in 2017 to $40 billion by 2021, according to the "US Legal Cannabis: Driving $40 Billion Economic Output" report released today by Arcview Market Research, in partnership with BDS Analytics. "The economic excitement around the legal cannabis industry is no longer just theory," said Troy Dayton, CEO of The Arcview Group. "Due to the giant impact adult-use legalization is already having in the United States, it's vital for key stakeholders to understand the full impact of legalization, beyond just retail sales numbers." Investors across North America appear to be craving marijuana stocks as Canada prepares to legalize cannabis next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Two major events on the horizon are expected to have huge potential to drive marijuana stock value which include Canadian marijuana legalization and the U.S. midterm elections. For obvious reasons, Canadian cannabis legalization is believed to be a major boon for marijuana stocks. In fact, Canada's announcement a few years ago that cannabis would be legalized at a federal level is what helped spark the surge in the industry in the first place. Active companies in the industry making moves to ready that include: Choom™ Holdings Inc. (CSE:CHOO) (OTC:CHOOF), Aleafia Health Inc. (TSX-V:ALEF) (OTC:ALEAF), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF), Namaste Technologies Inc.'s (TSX-V:N) (OTC:NXTTF), The Supreme Cannabis Company Inc. (TSX-V:FIRE) (OTC:SPRWF).
Choom™ Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) BREAKING NEWS: Choom™, an emerging, fully-integrated cannabis company, today announced that it has been included in the Horizons Marijuana Life Sciences ETF (TSX: HMMJ)
HMMJ is the world's first and largest Exchange Traded Fund (ETF) offering direct exposure to North American publicly listed life sciences companies with significant business activities in the marijuana industry. The ETF's holdings can be viewed directly from its website at the link below:
"Choom's addition to the Horizons Marijuana Life Sciences ETF is recognition of our efforts to building a dominant branded cannabis company. The Choom brand was created exclusively to service the retail recreational market, ensuring curious customers and cannabis connoisseurs alike can 'cultivate good times'," said Chris Bogart, President and CEO of Choom. "Our inclusion in Horizons Marijuana Life Sciences ETF provides an excellent avenue for increased exposure to the investment community." Read this and more news for Choom™ at: http://www.marketnewsupdates.com/news/choo.html
Additional industry related developments from around the markets:
Aleafia Health Inc. (TSXV:ALEF.V) (OTCQX:ALEAF) has also been added to the Horizons Marijuana Life Sciences ETF. Horizons Marijuana Life is the world's first and largest exchange-traded fund (ETF) offering direct exposure to North American publicly listed life sciences companies with significant business activities in the marijuana industry. With net assets in excess of $1.1-billion, Horizons Marijuana Life will allow for increased exposure to investors for Aleafia.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTCQX:TGODF) has appointed American businessman, investor and television personality Tim Seymour to the company's advisory board. Best known for his role with CNBC as a recognized trader and market strategist, on "Fast Money," Mr. Seymour has over 22 years of investment experience as a portfolio manager and capital markets professional. For the past decade, Mr. Seymour has been a contributor on Fast Money and is cited as one of the top finance professionals on Twitter, including The Wall Street Journal's "Top Tweets for Your Money." Mr. Seymour is the founder and chief information officer of Seymour Asset Management (SAM). SAM provides asset and wealth management services for clients, including direct investment and allocation to private equity and alternative assets. Prior to SAM, he was the CIO and co-founder of Triogem Asset Management.
Namaste Technologies Inc.'s (TSXV:N.V) (OTCQB:NXTTF) wholly owned subsidiary, Cannmart Inc., has received its Access to Cannabis for Medical Purposes Regulations (ACMPR) medical cannabis sales-only licence with no cultivation, which is the first of its kind to be issued by Health Canada. The sales licence represents the most significant milestone in the history of the company and is the final component of its strategy for Cannmart to become Canada's leading on-line platform for medical cannabis. Cannmart will operate as an on-line marketplace for medical cannabis sourced from multiple licensed producers, which will offer patients a curated selection of medical cannabis strains in one location. Cannmart has secured over 13 domestic and international supply agreements and will also focus on developing arrangements with microcultivators who will provide high-end craft strains, subject to the upcoming regulations of the Cannabis Act. Cannmart's goal is to offer the largest and most diverse selection of medical cannabis products available in the Canadian market.
The Supreme Cannabis Company Inc. (TSXV:FIRE.V) (OTCQX:SPRWF) has realigned its senior leadership in order to further position the company for global growth and continued operational success. John Fowler, currently chief executive officer of the company, will assume the role of president of the company, and Navdeep Dhaliwal, currently the president of the company, will assume the role of chief executive officer of the company, effective at the end of the business day on Sept. 24, 2018. Both individuals will continue to serve as members of the company's board of directors. Mr. Fowler and Mr. Dhaliwal recommended the realignment to the board, reflecting their belief that Mr. Fowler's intimate knowledge and expertise with infrastructure development and commercial cannabis operations is critical for the successful completion of the 7Acres facility and launch in the recreational market. Supreme Cannabis intends to utilize Mr. Fowler's extensive industry experience for the buildout of the company's previously announced Lot 16 California-style indoor cultivation project as well as future product and market segments that the company may enter. The realignment will allow Mr. Fowler to best support the company's growth through focus on product and operational development in the role of president.
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