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.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at financialnewsmedia.com. Follow us on Facebook: facebook.com/financialnewsmedia and Twitter: twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG 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. FNMG'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. FNMG 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 FNMG has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Arcturus Growthstar Technologies Inc. by the company. FNMG 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 FNMG undertakes no obligation to update such statements.
Contact Information: Media Contact email: email@example.com Phone: +1-(954)345-0611
SOURCE FN Media Group, LLC