Cannabis Industry Continues to Expand as Mergers and Acquisitions Fuel Both Growth and Product Development

Tuesday, March 14, 2017 Drug News
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PALM BEACH, Florida, March 14, 2017 /PRNewswire/ --

MarketNewsUpdates.com News Commentary

The

opportunities in cannabis extracts continue to develop as leaders in the sector explore expansion via new products and services as well as mergers and acquisitions. As leaders in the cannabis industry continue to expand product lines and focus efforts
on product development, revenues follow along the rising trend despite the recent federal ambiguity regarding future decisions. Companies forging ahead in the industry include: Vinergy Resources Ltd. (OTC: VNNYF) (CSE: VIN.CN), Canopy Growth Corporation (OTC: TWMJF) (TSX: WEED.TO), Emblem Corp. (TSX-V: EMC), Terra Tech Corp. (OTC: TRTC) and MassRoots, Inc. (OTC: MSRT).

Vinergy Resources Ltd. (OTCQB:VNNYF) (CSE:VIN) in conjunction with its proposed acquisition of MJ Biopharma (announced December 14, 2016) is pleased to announce it has signed a Memorandum of Understanding (MOU) with Namaste Technologies Inc. ("Namaste") to commercialize proprietary Cannabidiol (CBD) extract formulations through Namaste's retail websites in the United States. In the first phase of the collaboration, through channels in California, Colorado and potentially other States, the Company will distribute proprietary formulations to Namaste's over 300,0000 unique visitors per month. Read this and more news for Vinergy Resources at:http://marketnewsupdates.com/news/vnnyf.html.

"We are excited and committed to working collaboratively with Namaste to bring to market our unique formulations. Namaste is an ideal partner based on their industry leading online presence and established customer base," said Mr. Kent Deuters, CEO of MJ Biopharma. "We are very pleased to work with Vinergy to further expand our product line. This relationship represents continued monetization of Namaste's database and we view broadening our strategic alliances to the benefit of our customers and shareholders," said Mr. Sean Dollinger, CEO of Namaste.

Canopy Growth Corporation (OTC: TWMJF)(TSX: WEED.TO) also announced last month that it entered into a memorandum of understanding ("MOU") with Namaste Technologies Inc., an emerging leader in the vaporizer and accessories space with 26 e-commerce retail stores in 20 countries. This MOU represents an opportunity for the companies to work together to educate customers on the legal, regulated cannabis framework in Canada, encourage the use of vaporizing technology over smoking, and introduce cross-brand exposure among their respective clients.

Emblem Corp. (TSX-V: EMC) closed up over 9% on Monday at $2.83 trading over 1.3 million shares by the market close. Emblem is licensed under the Access to Cannabis for Medical Purposes Regulations (the "ACMPR") to cultivate and sell medical marijuana. Emblem carries out its principal activities producing marijuana from its facilities in Paris, Ontario pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

Terra Tech Corp. (OTCQX: TRTC) closed even on Monday at $0.272 trading over 2.5 million shares by the market close. Terra Tech Corp, a vertically integrated cannabis-focused agriculture company, last week announced the construction of a new cultivation facility in Oakland, California. Terra Tech has executed a lease for 13,000 square feet of industrial space on over 30,000 square feet of land in Oakland's industrial corridor.

MassRoots, Inc. (OTCQB: MSRT) closed up on Monday at $0.81 trading just over 440,000 shares by the market close. MassRoots is one of the largest technology platforms for the regulated cannabis industry. The Company's mobile apps enable consumers to make medical cannabis purchasing decisions through community-driven reviews. MassRoots is proud to be affiliated with the leading businesses and organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association.

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 is 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 three thousand nine hundred dollars for news coverage of the current press release issued by Vinergy Resources Ltd. by a non-affiliated third party. 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.

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