Cannabis Sector Gaining Major Momentum Ahead of U.S. Elections
FT. LAUDERDALE, Florida, November 2, 2016 /PRNewswire/ --
Marijuana & Cannabis operations continue to assert itself as one of the more rapidly growing industries, as the sector is boosted by nearly 20% of states in the U.S. voting to pass various forms of legalization. The Cannabis sector performers this week include Arcturus Growthstar Technologies Inc. (CSE: AGS.CN), Canopy Growth Corporation (TSX: CGC.TO), Maple Leaf Green World (TSX-V: MGW), Aurora Cannabis Inc. (CSE: ACB.CN), Aphria Inc. (TSX-V: APH)
Arcturus Growthstar Technologies Inc. (CSE: AGS) (AGS.CN) i is pleased to announce that it has engaged the services of Mr. Jim Coull to begin design and construction work at its flagship farm in North Kingstown, Rhode Island. Mr. Coull offers commercial design-build, general contracting and preconstruction services to the cleanroom laboratory, advanced technology, education and healthcare industries. He is known for his highly technical construction and turnkey services, from planning and feasibility through architecture, engineering, general contracting and commissioning.
Read the full Arcturus (AGSTF)(AGS.CN) press release at: http://financialnewsmedia.com/profiles/agstf.html
The Company plans to use the Rhode Island farm to showcase its proprietary scalable, indoor Controlled Environment Agriculture (CEA) technology, which allows it to produce crops more cost effectively than traditional farming methods, without the use of chemical pesticides, all while using 90% less water and fertilizer. Mr. Coull has experience with Arcturus' CEA technology, and even helped to refine the CEA system by creating greater efficiencies during growth trial phases.
"We are excited to have Jim Coull and his team of construction professionals on board with us in the development and construction of our Rhode Island farm, which can grow both leafy greens and Cannabis" says Mr. William Gildea, Arcturus Growthstar Technologies, Inc.'s CEO and Chairman. "Mr. Coull's reputation for excellence and comprehensive construction management services will ensure our flagship farm's success." Mr. Coull adds, "I am pleased to see this project is underway and look forward to help bring it to a successful conclusion. It will provide fresh organic produce to the Rhode Island Market on a one day 'harvest to table' basis. CEA is the coming trend in the food production business, and is of particular importance here in New England where our growing season is very short."
Tuesday's top performers in the sector were led by:
Canopy Growth Corporation (TSX: CGC) (CGC.TO), Canada's largest and most recognized producer of cannabis, has entered into a Memorandum of Understanding (the "MoU") with the Goldman Group to expand Canopy Growth's cannabis production capacity and geographic footprint. The MoU is the culmination of a shared view that high quality cannabis grown through secure production channels will continue to be the preferred model for Canadian cannabis production, and that current capacity is insufficient to meet the growing demand for medical and future recreational cannabis.
Maple Leaf Green World (TSX-V: MGW) recently announced that it has retained the services of a San Diego based law firm to assist the Company in obtaining a cultivation license from the San Diego County under the MCRSA (Medical Cannabis Regulation and Safety Act) and/or AUMA (Adult Use of Marijuana Act). This law firm will also assist the Company with the identification of land parcels in San Diego County which have a higher likelihood of satisfying applicable licensing requirements under the MCRSA and/or AUMA. Currently, Maple Leaf is reviewing several parcels of land to determine their suitability for the Company's plans in San Diego County.
Aurora Cannabis Inc. (CSE: ACB) (ACB.CN) closed up over 6% on Tuesday at $1.55 trading over 5.05 Million shares by the market close. Aurora Cannabis, together with its subsidiaries, cultivates, harvests, produces, and distributes medical marijuana and cannabis oil products in Canada.
Aphria Inc. (TSX-V: APH) one of the leading Canadian licensed producers of medical cannabis, and MassRoots, Inc. (MSRT), one of the largest technology platforms for the cannabis industry, recently announced in October they have entered into one of the first international partnerships between cannabis companies. Under the terms of the agreement, MassRoots will help build awareness of the Aphria brand amongst its Canadian userbase. Aphria will compensate MassRoots a cash fee (in U.S. dollars) per patient it refers.
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