NEW YORK, February 17, 2017 /PRNewswire/ --
Cannabis is arguably the fastest growing industry in the world, according to a research report by Arcview Market Research. Regulated cannabis sales in North America totaled $6.9 billion in 2016, a 30 percent increase from 2015. Sales are projected to increase to $21.6 billion by the year 2021 representing a 26 percent compound annual growth rate. This November four states voted for legalization of cannabis for recreational use - Nevada, Maine, and Massachusetts and California, the largest market for cannabis. The results on November 8th, when it comes to cannabis use, clearly indicate that North America's views are changing in favor of both medical and recreational use. Marijuana Company of America Inc. (OTC: MCOA), Cannabis Science Inc. (OTC: CBIS), mCig Inc. (OTC: MCIG), Terra Tech Corporation (OTC: TRTC), Eco Science Solutions Inc. (OTC: ESSI)
California's cannabis market alone is projected to be worth an estimated $6.46 billion by the year 2020, according to Arcview and New Frontier. "California is the 6th largest economy in the world," said Arcview, CEO Troy Dayton. "The opportunity for jobs, tax money and wealth creation made possible by California ending marijuana prohibition cannot be overstated."
Marijuana Company of America Inc. (OTC: MCOA) is an innovative cannabis and hemp marketing and distribution company. On February 16th, the company announced that it has entered into a non-binding Letter of Intent ('LOI') while performing due diligence to finalize a joint venture agreement with Bougainville Ventures, Inc. ('BV') for the purpose of housing tenant growers engaging in the cultivation, processing and commercial availability of legal marijuana in the State of Washington.
Subject to the execution of a final definitive agreement, the terms of the LOI are that MCOA will invest up to $1 million in cash in a newly formed entity and receive 50% equity ownership and 50% share in net profits produced by the joint venture. Bougainville Ventures, Inc. will contribute its expertise in establishing facilities related to the production, processing and management for tenant growers utilizing an I-502 Tier 3 license, with leased property, established partnerships, licensing agreements and marketing relationships.
Donald Steinberg, MCOA President and CEO said, "We are looking forward to getting seed in the ground and ramping up this partnership with Andy Jagpal and Bougainville Ventures. This partnership further strengthens our supply chain and enables MCOA to produce the highest quality products at the lowest possible prices."
Cannabis Science Inc. (OTC: CBIS) is currently in a collaborative research with Dana Farber/Harvard Cancer Center to explore and develop new cannabinoid medicines to fight cancer. This agreement is also the first step in the development of clinical trials that will lead to approval of successful cannabinoids by the FDA. "We believe that collaborative cutting-edge work is the most powerful approach in fighting cancer. This collaborative agreement brings together the expertise of a leading Cannabis Research Company, Cannabis Science, and the research strength of Dana Farber/Harvard Cancer Center. I can see how this collaboration with Cannabis Science will grow as we work together for commercialization of joint research successes, with ultimate goal of translating these successes to benefit cancer patients in the USA and across the globe."
mCig Inc. (OTCQB: MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Grow Contractors Inc., currently operating in the rapidly expanding Nevada market. The company looks forward to growing its core competencies to service the Ancillary legal Cannabis, Hemp and Cannabidiol markets, with broader expansion to take place once federal laws change.
Terra Tech Corporation (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, MediFarm LLC and GrowOp Technology. Blüm's retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. IVXX, Inc. produces medical cannabis-extracted products for regulated medical cannabis dispensaries throughout California. Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores. MediFarm LLC subsidiaries are focused on medical cannabis cultivation and permitting businesses throughout Nevada. GrowOp Technology specializes in controlled environment agricultural technologies.
Eco Science Solutions Inc. (OTC: ESSI) medical cannabis app, Herbo, contains a database of over 14,000 alternative medicine locations and delivery services, doctors who provide evaluations, and local shops that sell relevant product. In the latest version, Eco Science added information for its strains that include THC/CBD breakdowns, effects, and location to purchase and find the best strains for user's specific needs. The company partnered with the largest and best paraphernalia manufacturers and distributors to bring users products at great prices.
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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 marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. 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 FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com has been compensated four dollars for financial news dissemination and pr services by a third party non affiliate for marijuana company of america inc. 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 will always disclose any compensation in securities or cash payments for financial news PR advertising. 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
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Cannabis is arguably the fastest growing industry in the world, according to a research report by Arcview Market Research. Regulated cannabis sales in North America totaled $6.9 billion in 2016, a 30 percent increase from 2015. Sales are projected to increase to $21.6 billion by the year 2021 representing a 26 percent compound annual growth rate. This November four states voted for legalization of cannabis for recreational use - Nevada, Maine, and Massachusetts and California, the largest market for cannabis. The results on November 8th, when it comes to cannabis use, clearly indicate that North America's views are changing in favor of both medical and recreational use. Marijuana Company of America Inc. (OTC: MCOA), Cannabis Science Inc. (OTC: CBIS), mCig Inc. (OTC: MCIG), Terra Tech Corporation (OTC: TRTC), Eco Science Solutions Inc. (OTC: ESSI)
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California's cannabis market alone is projected to be worth an estimated $6.46 billion by the year 2020, according to Arcview and New Frontier. "California is the 6th largest economy in the world," said Arcview, CEO Troy Dayton. "The opportunity for jobs, tax money and wealth creation made possible by California ending marijuana prohibition cannot be overstated."
Marijuana Company of America Inc. (OTC: MCOA) is an innovative cannabis and hemp marketing and distribution company. On February 16th, the company announced that it has entered into a non-binding Letter of Intent ('LOI') while performing due diligence to finalize a joint venture agreement with Bougainville Ventures, Inc. ('BV') for the purpose of housing tenant growers engaging in the cultivation, processing and commercial availability of legal marijuana in the State of Washington.
Subject to the execution of a final definitive agreement, the terms of the LOI are that MCOA will invest up to $1 million in cash in a newly formed entity and receive 50% equity ownership and 50% share in net profits produced by the joint venture. Bougainville Ventures, Inc. will contribute its expertise in establishing facilities related to the production, processing and management for tenant growers utilizing an I-502 Tier 3 license, with leased property, established partnerships, licensing agreements and marketing relationships.
Donald Steinberg, MCOA President and CEO said, "We are looking forward to getting seed in the ground and ramping up this partnership with Andy Jagpal and Bougainville Ventures. This partnership further strengthens our supply chain and enables MCOA to produce the highest quality products at the lowest possible prices."
Cannabis Science Inc. (OTC: CBIS) is currently in a collaborative research with Dana Farber/Harvard Cancer Center to explore and develop new cannabinoid medicines to fight cancer. This agreement is also the first step in the development of clinical trials that will lead to approval of successful cannabinoids by the FDA. "We believe that collaborative cutting-edge work is the most powerful approach in fighting cancer. This collaborative agreement brings together the expertise of a leading Cannabis Research Company, Cannabis Science, and the research strength of Dana Farber/Harvard Cancer Center. I can see how this collaboration with Cannabis Science will grow as we work together for commercialization of joint research successes, with ultimate goal of translating these successes to benefit cancer patients in the USA and across the globe."
mCig Inc. (OTCQB: MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Grow Contractors Inc., currently operating in the rapidly expanding Nevada market. The company looks forward to growing its core competencies to service the Ancillary legal Cannabis, Hemp and Cannabidiol markets, with broader expansion to take place once federal laws change.
Terra Tech Corporation (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, MediFarm LLC and GrowOp Technology. Blüm's retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. IVXX, Inc. produces medical cannabis-extracted products for regulated medical cannabis dispensaries throughout California. Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores. MediFarm LLC subsidiaries are focused on medical cannabis cultivation and permitting businesses throughout Nevada. GrowOp Technology specializes in controlled environment agricultural technologies.
Eco Science Solutions Inc. (OTC: ESSI) medical cannabis app, Herbo, contains a database of over 14,000 alternative medicine locations and delivery services, doctors who provide evaluations, and local shops that sell relevant product. In the latest version, Eco Science added information for its strains that include THC/CBD breakdowns, effects, and location to purchase and find the best strains for user's specific needs. The company partnered with the largest and best paraphernalia manufacturers and distributors to bring users products at great prices.
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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 marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. 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 FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com has been compensated four dollars for financial news dissemination and pr services by a third party non affiliate for marijuana company of america inc. 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 will always disclose any compensation in securities or cash payments for financial news PR advertising. 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: [email protected] +1-877-601-1879 Url: http://www.FinancialBuzz.com
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