PALM BEACH, Florida, October 18, 2018 /PRNewswire/ --
Financialnewsmedia.com News Commentary
An increasing number of Major Corporations are revving up for what should be an inevitable and growing widespread legalization of Cannabis use across North America. The global cannabis industry remains one of the more difficult industries to accurately forecast because its growth is so drastic and explosive that experts are constantly being forced to reevaluate and increase their projections for the space. The overall industry is well on its way to being a consistent multi-billion dollar sector of the economy and this growth is leading to rising levels of investment, both privately and publicly. Leaders in the industry are expanding operations in order to keep up with the rising levels of demand. Examples of expansion include companies investing in additional land to expand production facilities, as well as pioneers expanding operations into new markets in order to capitalize on new opportunities. Active companies in the Cannabis market this week include Cannabis Strategic Ventures, Inc. (OTC:NUGS), Sugarmade, Inc. (OTC:SGMD), CV Sciencs Inc. (OTC:CVSI), Canopy Growth Corporation (NYSE:CGC) (TSX:WEED), Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF).
Cannabis Strategic Ventures, Inc. (OTCPK:NUGS) BREAKING NEWS : Pure Applied Sciences, a wholly own subsidiary of Cannabis Strategic Ventures has announced that "PureOrganix™," their brand of high-quality concentrate, organic and pure cannabis oils that conform with Current Good Manufacturing Practices (cGMP), is now available in dispensaries in California. PureOrganix™ and plans to expand its national and international shelf-presence in states with legal markets and Canada in the next year.
"Having our brand available to consumers is a huge milestone for PureOrganix™; we have spent months refining our formulation, branding and designing our product to appeal to our target demographic. We are excited for PureOrganix™ continued expansion into legal cannabis retail stores and believe this growth highlights the growth of the cannabis industry. Equally important, this confirms our belief that as the cannabis industry expands into the mainstream, consumer demand for high-quality and pure products continues to increase. PureOrganix™ stands for quality and we look forward to increasing our shelf presence in dispensaries throughout the United States and internationally, in Canadian markets," said Simon Yu, CEO, Cannabis Strategic Ventures. "The PureOrganix™growth affirms Cannabis Strategic Ventures belief that there is incredible opportunity to create unique cannabis consumer branded products and expand into other sub-sectors of the cannabis marketplace."
Cannabis Strategic Ventures acquired Pure Applied Sciences and its brand PureOrganix™ in February 2018. In July 2018, Pure Applied Sciences entered a non-exclusive cannabis concentrate extraction services agreement with CP Logistics LLC ("CPL"), a wholly owned U.S. subsidiary of Sunniva Inc. (CSE:SNN) (OTCQX:SNNVF). Under the agreement, CPL performs white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California, for Pure Applied Sciences under the PureOrganix™ brand name. Under this model, Pure Applied Sciences exclusively develops brand, marketing and licensing opportunities for distribution to legal retail stores. Read this and more news for Cannabis Strategic Ventures at: http://www.financialnewsmedia.com/news-nugs
Other recent developments and major influences in the cannabis industry include:
Sugarmade, Inc. (OTCQB:SGMD), one of the largest publicly traded hydroponics supply companies, yesterday announced the signing of a binding Letter of Intent ("LOI") to acquire Sky Unlimited, LLC, dba Athena United (http://www.AthenaUnited.com ), a California-based supplier of cannabis cultivation materials to wholesalers and large commercial cannabis cultivators. Sugarmade expects this acquisition to be highly accretive to earnings and shareholder value and thus is revising its guidance for full-year 2019 revenues to more than $70 million. Sugarmade's revenue within the cannabis cultivation supply sector is primarily derived from online sales, whereas Sky Unlimited's revenues are mainly generated via direct sales to wholesalers and large commercial cultivation companies.
CV Sciences, Inc., (OTCQB:CVSI) preeminent supplier and manufacturer of industry leading hemp extract brand, PlusCBD Oil™, announces that the Company is now sponsoring Rodale Institute's research on organic hemp farming alongside industry leaders Patagonia and Dr. Bronner's. The Rodale Institute is the nation's leading organic farming institution, dedicated to pioneering organic farming through research and outreach. Since 2014, CV Sciences has pioneered the hemp industry through research and development affiliations with the University of Kentucky and Murray State University, amongst others. The Company continues to invest and support the promising future of agricultural hemp in the United States and this partnership with the Rodale Institute demonstrates our continued commitment to expanding scientific research in hemp agriculture.
Canopy Growth Corporation (TSX:WEED.TO) (NYSE:CGC) is pleased to join Canadians and cannabis advocates from around the world in celebrating yesterday's legalization of recreational cannabis in Canada. With the dawn of this new day, Canada becomes the first G7 nation to legalize and regulate recreational cannabis, and the first to do so while ushering in a diverse, professional retail marketplace for cannabis products. To celebrate the day, the Company's Founder and Co-CEO Bruce Linton completed (what the company believes was) the first legal sale of recreational cannabis in Canada at the Tweed flagship store on Water Street in St. John's, Newfoundland at 12:00 a.m. Newfoundland Time.
Aurora Cannabis Inc. (TSX:ACB.TO) (OTCQX:ACBFF) applauds the federal government's plan to create a quicker and more efficient pardon process for the 500,000 Canadians who live with the stigma of minor possession charges. "We applaud this positive move, which will create meaningful change for the 500,000 Canadians who deal every day with the effects of simple possession charges," said Jonathan Zaid , Aurora's Director of Advocacy and Corporate Social Responsibility. "Steps to amend this injustice are long overdue but entirely welcome and we congratulate the government for acting." While Aurora supports any move providing cannabis amnesty for those affected, it shares the concerns of members of the activist community who hoped the government would have gone further in today's announcement by offering record expungement, a process that would have more definitively and completely removed cannabis possession charges from a person's criminal record.
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