Cannabis Industry's Need for Improved Grow and Transport Products Rise to New Levels
PALM BEACH, Florida, March 21, 2017 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Recent legal marijuana research firm Brightfield Group surveyed more than 2,000 marijuana consumers, inquiring about what they would most like to see in new cannabis products entering the market identifying better tasting products, more affordable products as well as consistency and reliability in currently available products. As companies and retailers in Cannabis and legal marijuana expand operations to meet such demands, the need for the development of improved grow services and transport products is creating a lucrative opportunity in the market. Market performances and news happenings in the sector include Sugarmade, Inc. (OTC:SGMD), MassRoots, Inc. (OTC:MSRT), OWC Pharmaceutical Research Corp. (OTC:OWCP), Kaya Holdings, Inc. (OTC:KAYS), Signal Bay, Inc. (OTC:SGBY)
Sugarmade, Inc. (OTCQB:SGMD) today announced its SmelPro™ cannabis transport system, which enables nearly smell-proof and discrete shipping of cannabis, is now being carried in select GreenCoast Hydroponics stores and is being featuring in the retailer's Van Nuys store. Sugarmade is planning additional manufacturing runs of the product in order to supply the SmelPro product across all GreenCoast locations.
"We designed SmelPro™ and CannaShroud after months of field research with growers and dispensaries," commented Jimmy Chan, CEO. "With SmelPro™ odors are almost eliminated and security for transport personnel greatly improved. It's also a great looking product with built to last features and available initially in four popular colors and camouflage. We are currently seeking ways to improve manufacturing lead times in order to ensure an uninterrupted supply to GreenCoast and other retailers." Read this and more news for SGMD at:http://marketnewsupdates.com/news/sgmd.html
"If you transport product, you need to check out SmelPro™. It provides something the industry has never seen before - Nearly odor-free transport of high value product," commented Christian Gligori of GreenCoast. "We invite Los Angeles-based cannabis industry participants to GreenCoast's Van Nuys, CA. location at 16705 Roscoe Blvd to view the advanced features of the SmelPro™ product. This is truly the best way we have seen to discretely transport cannabis."
The SmelPro™ product is a significant improvement over currently available transport units used in the cannabis sector. The product utilizes the unique inner liner from the Company's CannaShroud™ product, which is a combination of two plastic film types - High Density Polyethylene (PE) and Polyamide (PA).
In other legal marijuana and cannabis market performances and developments:
MassRoots, Inc . (OTCQB:MSRT) closed up on Monday at $0.8955 trading over 800,000 shares by the market close. MassRoots announced yesterday that the company has registered more than one million users on its platform. Through its mobile application, MassRoots enables consumers to rate products and strains based on their efficacy (i.e., working well for back-pain or epilepsy) and then present this information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary.
OWC Pharmaceutical Research Corp. (OTCQB:OWCP) closed up slightly on Monday at $1.30 trading over 1.17 Million shares by the market close. OWC Pharmaceuticals owns 100% of One World Cannabis Ltd., which was formed to apply pharmaceutical research protocols and disciplines to the global medical cannabis space. Dr. Yehuda Baruch spearheads the company's research efforts after serving as the head of the Israeli Ministry of Health's Medical Cannabis Program over 10 years, overseeing clinical trials, regulatory compliance, and other industry-wide issues.
Kaya Holdings, Inc. (OTCQB:KAYS) closed up over 5% on Monday at $0.20 trading over 600,000 shares by the market close. KAYS through its subsidiaries, owns and operates the Kaya Shack™ (www.kayashack.com ), the first legal marijuana dispensary by a U.S. publicly traded company - Kaya Shack™. KAYS creates and establishes it own brands that produce, distribute and/or sell premium cannabis products, including flower, concentrates, and cannabis-infused baked goods and candies.
Signal Bay, Inc. (OTC:SGBY) closed up over 5% as well on Monday trading over 6.76 Million shares by the market close. Signal Bay, Inc. is an Oregon-based Life Sciences company. Through its three subsidiaries: EVIO Labs, Signal Bay Research and Signal Bay Services; the Company provides research, consulting services, and analytical testing services to the legal cannabis industry. The Company's EVIO Labs division operates state-of-the-art testing facilities and offers accredited testing methodologies performed by a qualified team of scientists to ensure the safety and quality of the nation's cannabis supply.
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 one thousand nine hundred dollars for news coverage of the current press release issued by Sugarmade, Inc. 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.
Contact Information: Media Contact email: firstname.lastname@example.org +1-561-325-8757