Big Opportunities for Cannabis Producers Prevail in Ever Growing Market

Wednesday, August 22, 2018 Drug News
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PALM BEACH, Florida, August 22, 2018 /PRNewswire/ -- News Commentary 


a very hot and getting hotter industry, to say that legalized marijuana and cannabis is a big deal would be quite a big understatement. Several cannabis stocks in Canada alone saw a slight lift this week after the Ontario
Cannabis Store announced its initial supply agreements with 26 licensed producers. Selected firms ranged from the largest producer Canopy Growth Corp. to Northern Green Canada Inc., which received its cultivation license from Health Canada just a few months ago. According to cannabis research firm ArcView, legal weed sales across North America catapulted higher by 33% in 2017, and they're on track to grow by an average of 28% per year through 2021, leading to nearly $25 billion in annual sales. So far in 2018 recent developments have been crucial for the cannabis industry whereas Canada has legalized cannabis on a national level, and the state of California has legalized sales of cannabis products for recreational use. These big time developments are expected to have significant financial and economic implications as companies' ramp up efforts across North America. Active cannabis stocks in the markets today include: CROP Infrastructure Corp. (CSE: CROP) (OTC: CRXPF), Tilray Inc. (NASDAQ: TLRY), Aurora Cannabis Inc. (TSX: ACB) (OTC: ACBFF), Aphria Inc. (TSX: APH) (OTC: APHQF), The Green Organic Dutchman Holdings Ltd. (OTC: TGODF) (TSX: TGOD).

CROP Infrastructure Corp. (CSE: CROP) (OTCPK: CRXPF)) BREAKING NEWS: CROP Infrastructure announced today its Nevada subsidiary has leased an additional 750 acres of contiguous agricultural farmland bringing the total Nevada acreage to 1,065 acres with 240 acres under pivot.

The lease also provides access to over 300 acres of additional water rights. The additional 750 acres of pivot development potential will substantially increase production for the 2019 season.

The newly-leased acreage comes with four housing units and a building to be converted into an extraction facility to process hemp biomass for CBD isolate on site. The two-year lease will annually cost $566 USD per acre and the company intends to use a portion of the revenue from its first crop to pay for the lease.

The previously announced 240 acres of CBD Hemp was planted and is currently 1.5 feet tall and growing under pivot. All harvesting equipment has been secured for the resulting hemp biomass. It is estimated that the 240 acre pivots will yield 240,000 pounds of hemp flower. The cost of production is not expected to exceed $700,000 USD with many of the costs already incurred. The first harvest is expected in early Q4 this year.

CROP Infrastructure Director and CEO, Michael Yorke stated: "As previously announced in July, our Nevada Hemp farm and licensed tenant became the largest hemp farmer in Nevada in 2018. We are confident with over 1,000 acres that our tenant will remain the largest hemp farm in Nevada. Read this full announcement and more news for CROP Infrastructure at: Additional cannabis industry related developments from around the markets:

Tilray Inc. (NASDAQ: TLRY), a global pioneer in medical cannabis production and distribution, recently announced that a study featuring Tilray 2:100, a medical cannabis oil containing high amounts of cannabidiol (CBD) and conservative amounts of tetrahydrocannabinol (THC), has shown promising results for children with drug-resistant epilepsy (DRE) due to Dravet Syndrome. The findings of the Phase II trial, which was designed and conducted by researchers at The Hospital for Sick Children in Toronto (SickKids), were published today in the peer-reviewed medical journal Annals of Clinical and Translational Neurology.

Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB.TO) will spin off its subsidiary, Australis Capital Inc., pursuant to a distribution as a return of capital. According to the TSX, the Canadian shareholders of the company will receive one unit of Australis for every 34 shares of Aurora held, with each unit consisting of one share and one warrant of Australis. Each warrant will entitle the holder to acquire one Australis share at 25 cents per share before 4 p.m. Eastern Time on the date that is one year from the date of the distribution. Non-resident shareholders will be entitled to a cash payment net of any applicable withholding taxes following a sale of their respective units in the open market by an independent custodian following the distribution. The TSX reports that the record date for the distribution is Aug. 24, 2018, and the ex distribution date is Aug. 23, 2018. The certificates or direct registration advices representing the Australis shares and warrants will be provided to Aurora shareholders on or about Sept. 13, 2018.

Aphria Inc. (OTCQB: APHQF) (TSX: APH.TO) has entered in a supply agreement with the Ontario Cannabis Store (OCS) to provide high-quality, branded cannabis products for sale on-line in Ontario's adult-use market. Adult-use consumers will have an extensive selection Ontario- and British Columbia-grown cannabis from across the company's portfolio of adult-use brands. "We are thrilled that the OCS has selected such an extensive range of adult-use products from our carefully curated and thoughtfully developed portfolio of brands," said Jakob Ripshtein, chief commercial officer at Aphria. "Adult-use consumers will have the opportunity to discover our brands through OCS's on-line platform starting on Oct. 17, including Solei, sustainably grown in Ontario; our premium B.C. bud from Broken Coast; and several other Ontario-grown brands soon to be revealed. Each of our brands have been carefully developed to meet the needs and interests of distinct consumer segments.

The Green Organic Dutchman Holdings Ltd. (OTCQX: TGODF) (TSX: TGOD.TO) has signed a definitive agreement to acquire 100 per cent of the issued and outstanding shares of privately held HemPoland in an immediately accretive cash and share transaction. Acquisition cost of $7.75-million (U.S.) in cash and 1,968,323 restricted Green Organic Dutchman shares currently worth $7.75-million (U.S.) (about $20.4-million combined) with an additional $10.3-million (U.S.) ($13.5-million) cash investment for rapid European expansion. Additional performance based incentives of up to $12-million (U.S.) ($15.8-million) for delivery of $32-million (U.S.) ($42.1-million) of earnings before interest, taxes, depreciation and amortization in fiscal 2021.

DISCLAIMER: (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 forty nine hundred dollars for news coverage of the current press release issued above by CROP Infrastructure Corp. 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.

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