Tag: Network News Wire


2018 Could be a Breakout Year for Cannabis Companies

NEW YORK/ — Entering a new year is exciting, especially when the future holds the promise of expanding marketplaces and business opportunities. From growers and processors to the essential support services and an increasing number of retailers, cannabis companies are looking at 2018 as a breakout year for unprecedented growth. California’s launch of legal marijuana for adult recreational use kicked off January 1, and Canada is set to follow the same path in July 2018. An article in Newsweek reveals at least 12 states are poised to consider legalizing some form of marijuana in 2018 (http://nnw.fm/1ETMq), marking the latest in a quick volley of changes being implemented by lawmakers and the public as more than 60 percent of Americans say they support legalization for adults (http://nnw.fm/pFa4w). Companies nimble enough to take advantage of these promising changes include DOJA Cannabis Company Ltd. (CSE: DOJA) (OTC: DJACF) (DJACF Profile), Growlife, Inc. (OTC: PHOT), United Cannabis Corp. (OTC: CNAB), Cannabis Wheaton Income Corp. (TSX-V: CBW) (OTC: CBWTF) and Supreme Cannabis Company, Inc. (TSX-V: FIRE) (OTC: SPRWF).

Acquisitions, deal-making, and expansion plans are on the minds of many in the cannabis sector as 2018 enters the world. A new Viridian Cannabis Deal Tracker report states the amount of financing raised in 2017 to support the coming cannabis boom is a staggering $2 billion in Canada alone, according to an article in the Financial Post (http://nnw.fm/Lxo1J).

“While the medical market is expected to continue to grow over the next several years, the size of the coming adult-use market is expected to far exceed that of the medical side,” said Harrison Phillips, Vice-president at Viridian, told the Financial Post. “Companies have been raising significant amounts of capital, primarily to increase capacity to satisfy the coming surge in expected demand.”

For DOJA Cannabis Company Ltd. (CSE: DOJA) (OTC: DJACF), 2017 was full of progress and the development of several successful ventures that will help the company gain a secure foothold in the recreational cannabis market in the new year. DOJA CEO Trent Kitsch in the company’s 3rd Quarter 2017 report (http://nnw.fm/Uv2Dv) praised the company’s team effort to make 2017 a banner year, stating, “I am very proud of our team’s year-to-date accomplishments. We have reached a number of milestones in less time and for less investment than originally budgeted.”

DOJA is a premium cannabis lifestyle brand featuring the highest quality handcrafted strains in Canada. DOJA’s wholly owned subsidiary, Northern Lights Marijuana Company, is a Health Canada licensed cannabis producer located in Kelowna within the heart of British Columbia’s picturesque Okanagan Valley. The company recently harvested and cured its first batches of premium handcrafted cannabis flower, requested a pre-sales license inspection from Health Canada, and began construction of the FUTURE LAB’s 22,580-square-foot state-of-the-art extraction facility and lab that can support greatly increased production capacity – all impressive milestones for a company committed to establishing itself as Canada’s leading lifestyle cannabis brand (http://nnw.fm/qXT1m ).

“We know that iconic brands are backed by iconic products, so our attention has been placed firmly on the art of growing, trimming and curing to ensure the quality and consistency of our handcrafted cannabis flower,” Kitsch said. “Looking to the future there are a number of initiatives that we plan on executing that will further differentiate the DOJA brand and create value for our shareholders.”

Underpinning that statement, DOJA on December 21 revealed its binding letter of intent with Tokyo Smoke to acquire all of its issued and outstanding shares http://nnw.fm/9ON1k). The proposed merger will create a unique cannabis company – to be named Hiku Brands Company Ltd. – that combines a retail-focused cannabis company with DOJA’s specialty cannabis flower production facilities. The company also announced a strategic equity investment of approximately $10 million into the newly-combined company by Aphria Inc. The combination of cannabis production, retail footprint and a portfolio of cannabis brands is expected to provide the newly formed company the opportunity to realize the significant value of complete vertical integration.

In October the company announced its plan to expand its production capacity with the build-out of its new, much larger growing facility.

“The Acquisition is a game changer for DOJA, it allows us to expand our production capacity by almost 8 times, diversity our strain production, integrate a world class extraction lab and leverage the economies of scale that come from a larger growing space,” Kitsch said in a news release (http://nnw.fm/rWR4Q). “Our strategy has always been to reach 5,000 kg of cannabis production per year by the end of 2018, with the addition of FUTURE LAB we project we will reach our goal in less time and for less capital investment than previously budgeted. The FUTURE LAB has 325 feet of highway frontage which will be utilized to promote DOJA’s cannabis lifestyle brand to the 1.9 million-plus visitors to the Okanagan each year and the 40,000 commuters that drive past the facility each day.”

Expanding DOJA’s cultivation capacity and scale provides a near-term supply source for dried cannabis flower that is grown, trimmed and cured in a premium fashion at a price per gram that is within the company’s control – ensuring DOJA remains competitive on a national level. DOJA’s FUTURE LAB state-of the-art extraction lab will drive innovation in the cannabis concentrates and edibles sector, which company officials expect will overtake cannabis whole flower sales in the future.

Closing out 2017, the company recently finalized a previously announced bought deal private placement of convertible debenture units, raising $17.25 million to be used for capital projects and general corporate purposes (http://nnw.fm/WcBi8) as it continues its pattern of growth.

Growing healthy and productive cannabis isn’t done without a great deal of help from Mother Nature and a host of specialty support services. As a nationally recognized cultivation brand for the cannabis industry, Growlife (OTC: PHOT) provides world-class hydroponic equipment, lighting, nutrients, media, and other cultivation supplies to commercial and urban operations. Based in the state of Washington, GrowLife has added an all-in-one home cultivation system called “GrowLife Cube Pro to its product offerings. The company is introducing the product as a way to service the exploding recreational cannabis markets in California and other states where adults will be permitted to cultivate up to six plants per adult under local law (http://nnw.fm/B33cS ).

Denver-based United Cannabis (OTCQB: CNAB) is constructing a state-of-the-art industrial hemp processing plant that will include extraction, purification, testing and processing equipment, as well as packaging, fulfillment and secure storage capabilities, according to a news release (http://nnw.fm/klBB1). The company, which provides consulting services, proprietary products and licenses its intellectual property to businesses in the cannabis industry, is branching out to provide contract manufacturing to farmers working under the 2014 Federal Farm Bill and Colorado’s Department of Agriculture’s Industrial Hemp Program. Farmers in the program will be able to convert harvested industrial hemp plants into a range of products, from simple extracts to capsules to sublingual drops, and have them packaged for resale, the company states in the press release.

Cannabis Wheaton Income (TSX-V: CBW) (OTCQB: CBWTF) is also advancing its footprint in the cannabis sector by entering into a letter of intent with FV Pharma Inc. Under the agreement, Cannabis Wheaton will develop all aspects of FV’s cannabis cultivation facility in mutually agreed staged phases, creating the largest indoor cannabis cultivation and processing facility in the world. A joint press release states (http://nnw.fm/l6wmD). The FV facility, located one hour east of Toronto, Canada, is an existing 620,000 square feet of building space once used by KRAFT® as a food manufacturing facility.

Another Canadian company committed to becoming a leading cultivator and distributor of specialized cannabis is Supreme Cannabis Company (TSX-V: FIRE) (OTC: SPRWF), which recently changed its name from Supreme Pharmaceuticals Inc. The company’s 7ACRES subsidiary is a federally licensed producer of medical cannabis with a 342,000-square-foot hybrid greenhouse facility in Kincardine, Ontario. The recent purchase of six acres adjacent to this facility is expected to produce high-quality “California-Style” cannabis for the premium product segment once construction of an indoor cultivation facility is completed, the company stated in a news release (http://nnw.fm/Y9Ira ).

2018 may certainly turn out to be a rollercoaster for the cannabis industry, with more participants than ever punching a ticket to ride. But there are ample opportunities for growth in various sectors of a global industry that Grand View Research, Inc. expects will reach $55.8 billion by 2025 (http://nnw.fm/LuR6w). Other industries such as marketing, software, packaging, energy, banking, blockchain technology and biotechnology are also taking notice and seeing opportunities in the burgeoning field as marijuana continues its transformation from a hidden, underworld product to a massive economic force.

About NetworkNewsWire 

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.


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 NNW and FNM undertake no obligation to update such statements.

NetworkNewsWire (NNW) is affiliated with the Investor Based Brand Network (IBBN).

About IBBN

Over the past 10+ years we have consistently introduced new network brands, each specifically designed to fulfil the unique needs of our growing client base and services. Today, we continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.


SOURCE NetworkNewsWire


Cannabis Companies Cater to an Increasingly Large and Diverse Industry

The predictions for the cannabis industry are staggering. Statista predicts the market may exceed $37.3 billion by 2024. Meanwhile, Forbes estimated the $6.5 billion market in 2016 could grow to $30 billion by 2021, and Bloomberg predicts an increase to $50 billion by 2026. The market is being fueled by demand and legalization, and it’s not just about plants. Equipment, infrastructure, cannabidiol products, and investors are components of an industry that seems to have unlimited growth potential. For example, PotNetwork Holding, Inc. (OTC: POTN) (POTN Profile) delivers, through its Diamond CBD subsidiary, widely-distributed CBD hemp extracts used in an assortment of edible gummies available in various types and flavors, vapor liquids, vaping pens, shot packages, and capsules. Others contributing to a rapidly diversifying industry include Agritek Holdings, Inc. (OTC: AGTK), Marijuana Company of America (OTC: MCOA), Hemp, Inc. (OTC: HEMP), and mCig, Inc. (OTC: MCIG).

Original or Flavored CBD Oils

PotNetwork Holding (OTC: POTN) is focused on multiple verticals within the cannabis industry, and, by sourcing hemp outside the U.S., side-steps current federally-based legal problems involved in growing cannabis domestically. Through this strategy, the company can deliver its products to every state as well as internationally. Among its list of 15 brands is Diamond CBD Gummies, CBD Liquid Gold, Premium Hemp Liquid Pet, Relax Extreme CBD, and CBD Double Shot.

As the CBD industry heats up, PotNetwork subsidiary Diamond CBD continues to see demand for its products. During its exhibit at the ASD Market Week Event in Las Vegas earlier this month, Diamond CBD generated more than $320,000in revenues (http://nnw.fm/mv9aQ). While the event was a financial win for the company, it also provided considerable brand exposure to an attending audience of more than 40,000 buyers from 88 countries.

In the first two quarters of 2017, PotNetwork reported $5.0 million in sales for its Diamond CBD products, $3.2 million of which were generated in the second quarter alone, representing an increase of 1,495 percent over prior-year second-quarter revenues. This achievement puts the company on track to exceed its fiscal year 2017 forecasts (http://nnw.fm/KxqP2).

“We remain steadfast in our efforts to build real value in our Company. The level of acceptance we are experiencing can only be surpassed by our short and long-term vision for growth. As we continue to accelerate in sales performance, we embrace the opportunity to create a real and tangible success which we expect would ultimately be reflected in shareholder value,” PotNetwork CEO Gary Blum stated in the earnings release.

As PotNetwork grows its market reach, the company’s Diamond CBD subsidiary is also pursuing medical applications of CBD. Mounting research industry-wide demonstrates CBD’s potential to provide symptomatic relief for a wide range of ailments, including rheumatoid arthritis, diabetes, alcoholism, post-traumatic stress disorder (PTSD), epilepsy, antibiotic-resistant infections, neurological disorders, and muscular dystrophy, among many others. Recognizing considerable opportunity in this field, Diamond CBD is conducting its own research to develop premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives to potentially address these key markets.

Potent CBD Crystals

To assist with this endeavor, PotNetwork is assembling an advisory board of physicians and medical cannabis specialists to support management’s plans to formulate, produce, and market a spectrum of exclusive and diversely targeted CBD blends. The first to join this new board is Dr. Mark G. Sabbota, who is board certified in internal medicine and cardiology. His experience includes a comprehensive understanding of cannabinoid attributes and corresponding knowledge based on research studies, along with Controlled Substance and DEA Licensure. He is joined by Dr. David M. Feldbaum, MD, FACS, who was named to the board earlier this month (http://nnw.fm/gq1QO). Certified in vascular surgery by the American Board of Surgery, Dr. Feldbaum brings to the table substantial knowledge of the intricacies of vascular health and an acquired understanding of how CBD components can contribute to the optimization of results in his area of expertise.

“This is an exciting time to be on the forefront of the CBD revolution. Being instrumental in the development of such cutting-edge developments, I believe we are enabled to make a difference in the quality of life for many. We stand at the threshold of great new discoveries,” Dr. Feldbaum stated in the press release announcing his appointment.

Dr. Feldbaum isn’t the only one who sees the potential of PotNetwork’s broader business model. In June, SeeThruEquity initiated coverage of PotNetwork with a price target of $0.25. Among other highlights, the analyst noted strength in Diamond CBD’s sales momentum and an aggressive marketing campaign. PotNetwork currently trades around $0.05 to $0.06. Among other key items, the analyst report (http://nnw.fm/fc27Ks) notes PotNetwork’s year-over-year Q1 2017 revenue growth of 178% and forecasts an increase of 712% in revenues to $8.3 million based on new product launches, strong marketing, and extended international market reach.

A look at other players in the diversified cannabis industry are further evidence of increasing demand, application and momentum.

Agritek Holdings, Inc.Year-to-date, real estate investment firm and branding consultant Agritek Holdings (OTCQB: AGTK) has doubled the size of its brand portfolio to include four lines, and, earlier this month, it received an additional $300,000 in backing to fund the development of its land projects in Puerto Rico, ColoradoCanada and Washington State(http://nnw.fm/tR1Mc). Agritek says it has started construction on a cultivation facility in Puerto Rico(http://nnw.fm/gAw0o), where it is funding a 25,000-square-foot facility near San Juan, along with the project’s equipment and extraction systems. Per an operations and licensing agreement, the company will be able to take advantage of multiple revenue streams, equipment lease back fees, and monthly consulting fees. It will also have exclusivity for the sale of its oils, vape products, and edibles, products used in Puerto Rico by people with anxiety, multiple sclerosis, epilepsy, and cancer among 14 preapproved conditions for which medical marijuana is permitted.

Agritek also recently announced that it is receiving orders for its MicroDose Oral Strips brand, an alternative to traditional cannabis products in that they are dissolved under the tongue or between the gum and cheek in the mouth, allowing the ingredients to be absorbed directly into the bloodstream.

Marijuana Company of America (OTC: MCOA) has seen growth in its cannabis-related operations as well, in the form of a $5 million fixed funding commitment in August and a $250,000 investment in MoneyTrac Technology, Inc. The deal gives the company a 15% ownership interest in the firm and opens the door to electronic payment processing services, such as the use of mobile applications, E-Wallet services, and processing of prepaid, debit, and credit cards. It also patented its herbal brain health product, hempSMART™ Brain, last month, which is intended to support neurological health and promote neurogenesis through its cannabidiol formulation.

Hemp Inc. Logo

Hemp, Inc. (OTC: HEMP) hasn’t slowed the pace either. In January, the company announced plans to expand its presence in North Carolina, with a 3,000-acre hemp farm, following agreements to purchase 1,000 acres from Mullen View Farms and 500 acres from John Finch Farms. The company also has a 70,000-square-foot industrial processing facility in Spring Hope, North Carolina. Aside from its growing operations, it also recently launched a critical piece of equipment. The NuAxon Tech CO2 Supercritical Extractor was purchased in a joint venture with Freedom Leaf, Inc. (OTCQB: FRLF). This system is expected to significantly boost revenue and facilitate growing, cultivation, and cloning processes for high cannabidiol plants.

Serving the cultivation, construction, and production packaging aspects of the marijuana industry, mCig, Inc. (OTCQB: MCIG) is no longer just a vaporizer manufacturer. It has also expanded into the merchant processing segment. The company offers secure payment solutions to participating dispensaries, at low rates for e-commerce and businesses that accept certain credit cards. With high uptime, fast-clearing funds, and secure transactions, the processing system is well-suited for businesses selling cannabidiol products via e-commerce websites. In addition, the company recently applauded the Senate for an amendment that would prevent the government from interfering with medical marijuana programs where they are legal. The legislation is a full amendment to the Commerce, Justice, and Science Appropriations Bill for 2018, prohibiting federal funds from being used to stop states from implementing laws regarding medical marijuana use, possession, distribution, and cultivation.

Premium marijuana cigarette

As discussed above, growth in the global cannabis industry is accelerating due to increased legislation, consumer demand, and the innovations of key market players. PotNetwork Holding is one example of the power of product diversity as it reaches across the industry in the U.S. and internationally. The company continues to execute its mission of making an impact on an industry that, while in its relative infancy, continues to surpass expectations and yield incredible opportunity for growth.

SOURCE NetworkNewsWire