PALM BEACH, Florida, January 10, 2017 /PRNewswire/ --
Cannabis companies are capitalizing on the overwhelming growth and demand throughout the industry, creating unique services and products that are producing significant revenue streams. One of the fastest growing sectors in leisure travel appears to be the legal cannabis industry that targets individuals who want to learn more about potential investment opportunities in the cannabis and legal marijuana business market space, while experiencing a Napa Valley type of luxury vacation. Cannabis Companies with developments of note in the markets include Puration, Inc. (OTC: PURA), Kaya Holdings, Inc. (OTC: KAYS), Mountain High Acquisitions Corp. (OTC: MYHI), Medical Marijuana, Inc. (OTC: MJNA) and Growlife, Inc. (OTC: PHOT)
Puration, Inc. (OTC: PURA) and ML Capital Group (MLCG) have partnered to introduce Cannabis Tourism to the New York Times reported 1.2 billion international travelers worldwide. The Cannabis Tourism Service will initially target what the Denver Post reported as Colorado's $19 billion tourism industry. Additional Cannabis Tour destinations are in the works. Read this and more news for PURA at: http://marketnewsupdates.com/news/pura.html
Earlier last year, PURA entered into a $1 million collaboration agreement with Colorado based Spanish Peaks ScrumpDelicacies. Last week, MLCG entered into a letter of intent to acquire Spanish Peaks ScrumpDelicacies. PURA and MLCG plan to work together on their combined interests in Spanish Peaks to expand MLCG's existing Luxury Tour business to include a Global Cannabis Tour Offering. The Cannabis Tours offering will start in Colorado, but additional Cannabis Tour locations, to include destinations outside the United States, are already in the works. PURA and MLCG have published an online and on demand presentation detailing plans for the Global Cannabis Tour Business: http://www.purationinc.com/news/mlcg
In other Cannabis/Legal Marijuana market performances and developments:
Kaya Holdings, Inc. (OTCQB: KAYS) announced last week that it has been awarded its first full recreational marijuana retailer license from the Oregon Liquor Control Commission (the "OLCC") for its existing South Salem Kaya Shack™ Marijuana Superstore. The Company also announced that KAYS has secured a $2.1 million funding commitment to implement the Company's 2017 growth plan.
Mountain High Acquisitions Corp. (OTCQB: MYHI) closed up over 72% on Monday at $0.1725 trading over 5.2 Million shares by the market close. Mountain High Acquisitions Corp. is a diversified holding company focused on the acquisition and development of businesses within the hemp and CBD nutraceutical sectors. The Company's wholly owned subsidiary, GreenLife BotaniX, Inc., is a California-based developer and marketer of the "SuperCBD" brand of CBD hemp oil infused nutraceutical products.
Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, announced yesterday that its major investment company AXIM® Biotechnologies, Inc. (AXIM® Biotech) (AXIM) has received positive pharmacokinetic (PK) data results on its CanChew Plus® CBD Gum, which will be used in upcoming clinical trials with patients suffering from irritable bowel syndrome (IBS).
Growlife, Inc. (OTC: PHOT) closed up over 15% on Monday at $0.02 trading over 41 Million shares by the market close. GrowLife, Inc. aims to become the nation's largest cultivation service provider for cultivating organics, herbs and greens and plant-based medicines.
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