Medindia

X

Legal Cannabis Market Expected to Grow

Wednesday, November 23, 2016 Drug News J E 4
Advertisement

NEW YORK, November 23, 2016 /PRNewswire/ --

http://www.Financialbuzz.com - California is one of the four states where legalization of cannabis for recreational use is now approved. In California about 12 percent of Americans reside in the state, which is a staggering figure. Canada is not far behind the United States when it comes to legalization of cannabis. Canada is moving to legalize cannabis in 2017, as the current Liberal Party government will introduce reforms next spring to legalize marijuana for recreational use. Canadian Zeolite Corp. (CNZ.V), Aphria Inc. (APH.V), Maple Leaf Green World Inc. (MGW.V), Aurora Cannabis Inc. (ACB.V), Mettrum Health Corp (MT.V)

The impact the western state will have on the industry is still unclear, and analysts are presenting different projections, yet all suggest that growth will be big. Vivien Azer, a cannabis analyst from Cowen Group Inc. indicated in a report that sales of recreational and medical marijuana will reach $50 billion by 2026.

Canadian Zeolite Corp. (TSX-V: CNZ) is an environmentally friendly Green Tech business, with a focus on exploration, development and production of the industrial mineral zeolite. The mineral is a naturally occurring mineral found in volcanic ash, and is beneficial to for several industries thanks to its crystalline structure perforated by microscopic pores that act as natural filters. In the agricultural industry, the properties of zeolite are beneficial for use in odour and moisture control in municipal composting, animal feed supplements, zeoponics for greenhouse growing mediums and high-value outdoor zeolitic fertilizers.

This morning Canadian Zeolite Corp. announced that, "it has reached a Supplier Agreement with Natural Ventures, a Puerto Rico based licensed grower and manufacturer of medical marijuana. Canadian Zeolite will now be working with Natural Ventures to enhance their growing production per square foot with zeolitic fertilizers and substrates.

Natural Ventures is located near San Juan, Puerto Rico and has an indoor growing facility of 100,000 square feet. Currently there are over 60,000 registered medical marijuana patients in Puerto Rico and that number is expected to increase significantly in 2017. Natural Ventures CEO, Edgar Montero stated, "we are very excited to be implementing a natural Zeolitic fertilizer for our 2017 crop.  With an expected increase in crop yield, we anticipate being able to fully service the increase in demand for our product in Puerto Rico and the other parts of the Caribbean market as they open."

Canadian Zeolite CEO Ray Paquette stated, "we are extremely pleased to be supplying Natural Ventures of Puerto Rico. Plant nutritional needs vary between different species and zeolites are considered as good substrates for developing slow release fertilizers. Canadian Zeolite's natural zeolite is being developed as a value added and highly efficient soil-less substrate for growing a wide variety of plants including medical marijuana."

Since Health Canada requires Licensed Producers to dilute concentrated cannabis extract with a carrier oil, Aphria Inc. (TSX-V: APH) uses Medium Chain Triglycerides oil as the carrier substance in all of its cannabis oil products. Medium Chain Triglycerides oils is a naturally occurring oil that is used in foods, pharmaceuticals, and nutritional supplements. MCT oil has a 2-3 year shelf life and is highly permeable in the human body, which will efficiently aid in the absorption of cannabidiol, THC, and other cannabinoids.

Aurora Cannabis Inc. (TSX-V: ACB) produce and distributes medical marijuana while following rules of the Cannabis for Medical Purposes Regulations. The Company's product types include Tetrahydrocannabinol, Cannabidiol, indica, sativa and hybrid. The Tetrahydrocannabinol product is responsible for the felt from cannabis and is connected to the immune system regulating, anti-inflammatory and pain relieving properties of medical marijuana. The Cannabidiol product is connected to the anti-inflammatory, pain relieving, anti-nausea, anti-anxiety and muscle relaxing functions of medical marijuana.

Mettrum Health Corporation (TSX-V: MT) is a licensed producer of medical cannabis and distributer of industrial cannabis products, including its functional food line, Mettrum Originals. It has an annual production capacity of over 12,000 kilograms of medical cannabis. Its total licensed production capacity is about 3,550 kilograms of medical cannabis a year. It produces approximately 20 strains, chosen from a genetic library of over 60 strains. These strains are incorporated into the Mettrum Spectrum, a classification system designed to foster a product selection discussion between clients, healthcare practitioners and Mettrum. It offers a professional physician interface, the Mettrum Cannabis Electronic Medical Records application. 

Maple Leaf Green World Inc. (TSX-V: MGW) focuses on eco-agriculture and renewable energy in the environmental industry. The Company is seeking opportunities to obtain a Marijuana for Medical Purposes Regulation License from Health Canada and medical marijuana business in California. The Company operates through the eco-agriculture segment. Maple Leaf, along with its subsidiary, is engaged in exploring opportunities for its eco-agriculture nursery business, including medical marijuana in Canada and the United States, and its renewable energy business in China. Golden State Green World LLC is the subsidiary of the Company.

For "The Latest Buzz in Financial News", SIGN UP & Visit: http://www.FinancialBuzz.com

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and pr marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has been compensated four thousand dollars for financial news dissemination and pr services by a non-affiliated third party for canadian zeolite corp. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on this site along with other financial news pr media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information: 

Media Contact: Danny A

info@financialbuzz.com

+1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com

Advertisement


Advertisement

You May Also Like

Advertisement
View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
s
Medical Devices Leader Series: Top In Vitro Diagno...
S
Legal Cannabis Market Expects Growth