PALM BEACH, Florida, October 26, 2017 /PRNewswire/ --
Companies such as growers, retail operators and producers of legal marijuana and cannabis products are focusing on increasing operations and distribution as the industry continues to expand a very rapid pace. The legalization movement in the U.S., Canada and in other countries is already bearing fruit for "Cannabis stocks" which have significantly outperformed other major indexes of recent and is fueling speculative investment opportunities based on anticipated expansion of new legal markets globally. Aiming to capture big gains as global adoption and legalization continues in the marijuana sector is leading to Companies to think a little outside the box such as: Future Farm Technologies Inc. (OTC: FFRMF) (CSE: FFT), Golden Leaf Holdings Ltd. (CSE: GLH) (OTC: GLDFF), Hemp Inc. (OTC: HEMP), Aphria Inc. (TSX: APH) (OTC: APHQF), Terra Tech Corp. (OTCQX: TRTC).
Future Farm Technologies Inc. (OTCQB: FFRMF) (CSE: FFT.CN) is pleased to announce a new joint venture between Future Farm and TCG Investments, LLC, owners of the Clinica Verde brand of medical cannabis dispensaries ("Clinica Verde"). Future Farm will purchase five pre-qualifications for medical dispensary licenses from Clinica Verde ("Licenses"). Subsequently, the Licenses will be contributed into a joint venture company that will operate five medical cannabis dispensaries in Puerto Rico under the Clinica Verde brand. Clinica Verde has already established itself as the leading medical cannabis dispensary operator in Puerto Rico, with five additional operating dispensaries.
Link to Clinica Verde Dispensaries: http://www.clinicaverdepr.com/
Future Farm has been working for several months on this exciting opportunity to own an interest in five dispensaries, which have the potential to provide consistent cash flow. While Hurricane Maria's devastation to the island was cause for concern, Future Farm remains committed to helping its partners expand their dispensary presence in order to provide the people of Puerto Rico with a reliable source of medical marijuana, as well as continuing to create a diversified portfolio of cannabis investments for Future Farm's shareholders. Future Farm looks forward to contributing to the expansion of the medical cannabis industry, which is a key driver for the future economic development of Puerto Rico. Read this and more news for Future Farm at: http://www.marketnewsupdates.com/news/ffrmf.html
"Our existing stores are located in high-traffic locations and ever since our launch in February we have enjoyed sustained sales growth. We look forward to expanding our presence to 10 stores in Puerto Rico, creating jobs and offering our patients the highest level of service," says Ramón Ortiz, CEO of Clinica Verde. "The patient registration process was recently simplified and is now quicker and more accessible to all. We believe we will be able to start building out the new dispensary locations this year and look forward to a Q1 2018 opening." Medical marijuana is legally used in Puerto Rico to address more than a dozen conditions, including Alzheimer's, cancer, Lou Gehrig's disease, Parkinson's, rheumatoid arthritis, Crohn's disease, epilepsy and more. On October 6th, Puerto Rico's Department of Cannabis' board approved allowing patients to go to any open clinic, regardless of the dispensary they had been assigned. The new rule lasts until two weeks after the state of emergency has ended or until the board decides to terminate it.
"We're pleased about the revenue opportunities these five major dispensaries open up to us as we provide medical marijuana patients with legal, consistent, pure flower, edibles and concentrates," says Bill Gildea, CEO of Future Farm Technologies. "Puerto Rico, with a population of almost 3.5 million residents and another 4 million annual visitors, is an exciting, new market for Future Farm." The local population compares well to other states that have legal cannabis. By way of example: Colorado has a population of about 5,540,545, Utah 3,051,217, Arizona, 6,931,071 and Nevada has 2,940,058.
Additional developments in the industry today include:
Golden Leaf Holdings Ltd. (CSE: GLH.CN) (OTCQB: GLDFF) closed up over 6% on the CSE Exchange on Wednesday trading over 1.4 million shares by the market close. Golden Leaf, a leading cannabis oil solutions company and dispensary operator built around recognized brands, last week announced that it has been granted business licenses by Henderson County and Washoe County, in the State of Nevada, to sell cannabis to the adult-use markets in these locations. The Company plans to commence sales in these jurisdictions immediately.
Hemp Inc. (OTC: HEMP) closed up over 8% on Wednesday trading over 27 Million shares by the market close. Hemp announced this week that its strategic growing partner, "Veteran Village Kins Community Arizona, Inc.," has completed its final site plan blueprints for its 500-acre site in Golden Valley, Arizona (20 miles north of Kingman, AZ and 90 minutes from Las Vegas, NV). The site plan has been submitted to the Mohave County Building Department for final review. The Company is also in the final stages of completing the necessary infrastructure to support an off-grid, renewable, energy system. The remainder of the solar equipment is expected to arrive in the next few days, completing the site's solar power operation.
Aphria Inc. (TSX: APH.TO) (OTCQB:APHQF) announced this week that it completed its first shipment of cannabis oil to Australian medical life science company, Medlab Clinical Limited (ASX:MDC). The shipment is part of the previously announced agreement between Aphria and Medlab, in which Aphria will produce and supply high-yield cannabis extracts for Medlab to be used in its forthcoming human trial to test management of intractable pain in oncology patients - the first trial of its kind globally. The product formulation and permits have been approved by Health Canada and the Australian Therapeutic Goods Administration ("TGA").
Terra Tech Corp. (OTCQX: TRTC), announced last week its subsidiary, Edible Garden® will exhibit its complete range of fresh, locally grown herbs and leafy greens, including its proprietary SUPERLEAF™ lettuce, at the Fresh Summit Expo, booth 4623, in New Orleans, Louisiana on Friday, October 20 and Saturday, October 21, 2017. The Fresh Summit Exposition, hosted by the Produce Marketing Association ("PMA"), brings together 19,500 attendees from 60+ countries and 1,000 exhibitors, to discuss trends, form valuable contacts and fuel new and profitable opportunities. Terra Tech's Edible Garden subsidiary is implementing a strategic plan to grow market share by expanding its offering of Non-GMO, sustainably-grown herbs and salads, in conjunction with an enhanced marketing campaign
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