PALM BEACH, Florida, July 26, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
There is growing national movement and increasing amount of opinions about marijuana legalization that appears to be changing rapidly. According to a Gallup report, Americans continue to warm to legalizing marijuana, with 64% now saying its use should be made legal. This is the highest level of public support Gallup has found for the proposal in nearly a half-century of measurement. Also, 2018 marked the first time that Gallup found a slim majority of Republicans (51 percent) supporting marijuana legalization. As a result, members of Congress have introduced several proposals to liberalize marijuana policy and passed a limit on the Department of Justice's discretion in enforcing federal marijuana laws. So far, medical and recreational marijuana have progressed through state popular initiatives and legislation. But Congress could sponsor incremental changes or even take marijuana off the schedule of nationally controlled substances - encouraging the lagging states to follow along. Active companies in the Cannabis markets this week include Cannabis Strategic Ventures, Inc. (OTC:NUGS), CV Sciences, Inc. (OTC:CVSI), Terra Tech Corp. (OTC:TRTC), Neptune Technologies & Bioressources Inc. (NASDAQ:NEPT) (TSX:NEPT), Hemp, Inc. (OTC:HEMP),
Cannabis Strategic Ventures, Inc. (OTCPK:NUGS) BREAKING NEWS: Cannabis Strategic Ventures is pleased to announce the completion of the financial audits for fiscal years 2016 and 2017. The Company is now in the process of preparing full financial reports and completing its financial audit for the year ended March 31, 2018, in preparation for moving NUGS to fully reporting status with the Security and Exchange Commission (SEC).
"Our team has made significant progress over the past few quarters, having signed several important strategic and tactical business arrangements relating to some of the fastest growing areas of the cannabis business sectors. While building on our business portfolio is very important to us, bringing the Company up to fully reporting status and up listing to a higher OTC Markets tier is also a top priority. We believe it is important to provide the reliable and transparent information to our shareholders. With these audits now behind us, we have taken critical steps toward this goal. We expect to also soon report the completion of the audit for our recently closed fiscal year and the filing of related financial reports," commented Simon Yu, CEO of Cannabis Strategic Ventures .
The Company operates on a March 31st fiscal year-end; thus the 2016, 2017 and 2018 fiscal years ended on March 31, 2016, March 31, 2017, and March 31, 2018, respectively. Read this and more news for Cannabis Strategic Ventures at: http://www.marketnewsupdates.com/news/nugs.html
Other recent developments in the cannabis industry include:
CV Sciences, Inc. (OTCQB:CVSI), preeminent supplier and manufacturer of hemp-based phytocannabinoids including cannabidiol (CBD) oil and developer of specialty pharmaceutical therapeutics, this week announced unaudited second quarter 2018 revenue and selected business highlights for the quarter ended June 30, 2018. Revenue and Business Highlights for Second Quarter 2018 -
> Second quarter 2018 revenue is expected to be $12.3 million, up 203% compared to the second quarter of 2017, and a 53% sequential increase over Q1 2018.
> Company increased retail store count to 1,968 natural and organic health food stores as of June 30, 2018, representing an 11.1% sequential increase over the Company's retail store count for the first quarter of 2018. Read more here
Terra Tech Corp. (OTCQX:TRTC), a vertically integrated cannabis-focused agriculture company, is pleased to announce this week it has been granted two permits by the City of Santa Ana to operate one retail dispensary on Dyer Road and one on Carnegie Avenue in Santa Ana, California. Derek Peterson, CEO of Terra Tech, commented, "We first entered the Southern California market in September of last year when we commenced operating and managing a cannabis dispensary in Santa Ana. We are proud to have successfully leveraged this first mover advantage to obtain two new retail permits and expand our presence in Orange County."
Neptune Technologies & Bioressources Inc. (NASDAQ:NEPT) (TSX:NEPT) closed up over 11% at $3.15 on Wednesday trading over 1.28 Million shares by the market close. Neptune is a wellness products company, with more than 50 years of combined experience in the industry. We provide great nutritional & wellness solutions and are active in 5 main areas: Legal Cannabis, Ingredients, Turnkey Solutions, Pet Supplements and Consumer Brand. NEPT recently also announced that it entered into a multi-year agreement with Canopy Growth (WEED.TO) (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."
Hemp, Inc. (OTCPK:HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced this week that Hemp, Inc.'s wholly owned subsidiary Industrial Hemp Manufacturing, LLC(IHM) has entered into an exclusive distribution agreement with Quadco, LLC for IHM's proprietary natural products for the oil and gas well drilling industries in the state of Alaska. In Alaska, the oil industry accounts for about one-half of the overall economy when the spending of state revenues from oil production is considered, according to the UAA Institute of Social and Economic Research.
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 five hundred dollars for news coverage of the current press releases issued by Cannabis Strategic Ventures, Inc by the companyy. 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.