No Image

Latest Cannabis Companies to Reap the Benefits of Technology’s Evolution

NEW YORK, June 6, 2019 /PRNewswire/ — Technology has become prominent in almost every aspect of daily life for most consumers in the West. Even though technology has had a widespread impact, it continues to penetrate into other regions across the world as more and more consumers adapt to the digital era. It has become apparent in most global industries that the use of technology is required in order to thrive among the competition. For instance, major markets such as retailers, banks, healthcare, and even the food industry have incorporated technology in order to operate more efficiently and effectively. For instance, retailers and banks introduced digital payment portals to speed up the transaction process of payments, while the food industry created mobile apps so consumers can order remotely. Meanwhile, the healthcare industry integrated advanced technology to accurately diagnose and operate on patients. Moreover, one industry that has benefitted from the evolution of technology is the cannabis market. Tech entrepreneurs and investors are eager to introduce ideas such as blockchain into the market space. Notably, verification and tracking systems have become highly popular across various cannabis segments because companies can track their product from seed-to-sale. Seed-to-sale verification keeps a transparent process between both the vendor and the consumer. Furthermore, The Verge reported that advanced technological applications such as machine learning and automation are becoming increasingly popular within the cannabis industry. For example, a Massachusetts-based company, Bloom Automation, has developed a robot that can automate the cannabis trimming process, eliminating the need for humans. Technology remains one of the key aspects to a successful business and as more companies shift towards technology, the cannabis industry has the potential to become the next disruptive global market. According to data compiled by MarketsandMarkets research, the global cannabis market is projected to grow from USD 10.3 Billion in 2018 to USD 39.4 Billion by 2023. Additionally, the market is expected to register a CAGR of 30.7% during the forecast period. Trutrace Technologies Inc. (OTC: BKKSF) (TSX-V: TTT), Emerald Health Therapeutics Inc. (OTC: EMHTF) (TSX-V: EMH), The Supreme Cannabis Company, Inc. (OTC: SPRWF) (TSX: FIRE), Terra Tech Corp. (OTC: TRTC), NightFood Holdings, Inc. (OTC: NGTF)


No Image

Endoca Joins Tough Mudder as Its Official CBD Partner

SPOKANE, Wash., June 6, 2019 /PRNewswire/ — Endoca, the leader of organic cannabis products, today announces its strategic move to join forces with Tough Mudder as its official CBD partner and sponsor. With participants from around the world, this obstacle-course focused event harnesses everyone from weekend warriors at their 5Ks to athletes at the top of their game as part of the competitive events. At Tough Mudder’s 2019 North America and United Kingdom events, Endoca will provide CBD education and product samples to participants.


No Image

Origin House Announces Technical Amendment to Plan of Arrangement with Cresco Labs Inc.

OTTAWA, June 6, 2019 /CNW/ – CannaRoyalty Corp. d/b/a Origin House (the “Company” or “Origin House”) (CSE: OH and OTCQX: ORHOF) announces today that it has agreed with Cresco Labs Inc. (“Cresco”) to certain technical amendments (the “Amendments”) to its previously announced plan of arrangement (the “Arrangement”) pursuant to which Cresco will acquire all of the issued and outstanding shares of Origin House. The agreement amending the Arrangement (which includes the amended Plan of Arrangement) will be filed under the Company’s profile on www.sedar.com. The Amendments permit outstanding restricted share units (the “RSUs”) to remain outstanding following the completion of the Arrangement as opposed to automatically converting such RSUs into Subordinated Voting Shares of Cresco, as previously provided in the Plan of Arrangement. The Amendments were agreed to as they provide additional flexibility to holders of the RSUs without effect to the treatment of Origin House’s shareholders under the Arrangement.


No Image

CBD Beauty is Blossoming, say Analysts at Jefferies

PALM BEACH, Florida, June 6, 2019 /PRNewswire/ — According to a recent industry article published this year, Jefferies analysts, after initiating coverage on the cannabis markets, followed up with additional coverage specific to the CBD industry and in particular CBD beauty products. The article suggests Jefferies believes the CBD beauty market could reach $25 Billion globally in the next 10 years and could even amass 15 percent of the total skincare market. The incredible potential of the CBD beauty market is thought to be enormous, given the possibility that many products could be sold over the counter and without the need for a prescription, clearly allowing consumers access to the products easily. CBD beauty products have quickly become all the rage now that industry analysts estimate it could be an entirely separate category from both recreational and medical marijuana. That’s opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF), Aleafia Health (TSX-V:ALEF) (OTC:ALEAF), Curaleaf Holdings Inc. (CSE:CURA) (OTC:CURLF), and Westleaf Inc. (TSX-V:WL) (OTC:WSLFF).




No Image

Purpl Scientific Unveils the World’s First Portable, Instant Cannabis Potency Testing Device

ST. LOUIS, June 6, 2019 /PRNewswire/ — Purpl Scientific announced today that, after several years in development and a successful beta test, the Company has launched its groundbreaking portable cannabis potency testing solution to the world. Named the Purpl PRO, the device brings unprecedented mobility, insight and limitless lab-accurate THC and CBD tests to a market with a glaring need for transparency and accountability. The Purpl PRO is available for sale through authorized distributors for $1,495.




No Image

Medicine Man Technologies Closes on First Phase of Initial $14 Million Strategic Investment from Dye Capital & Company

DENVER, June 6, 2019 /PRNewswire/ — Medicine Man Technologies, Inc. (OTCQX: MDCL) (“Medicine Man Technologies” or “Company”), a rapidly growing, vertically integrated cannabis operator, announced today that it has entered into a securities purchase agreement for the sale of up to $14 million of the Company’s common stock from an affiliate of Dye Capital & Company (“Dye Capital”).