No Image

CWCBExpo Succeeds in New York

PARAMUS, N.J., June 12, 2019 /PRNewswire/ — The 6(th) Annual CWCBExpo (Cannabis World Congress & Business Exposition), May 29-June 1, 2019, concluded its largest event to date with record attendance of business, retail, healthcare and financial professionals from the tri-state area, across the country and around the world.



No Image

Medicine Man Technologies, Inc. Announces Strategic Expansion into Colombia with Binding Term Sheet to Acquire Green Equity S.A.S.

DENVER, June 12, 2019 /PRNewswire/ — Medicine Man Technologies, Inc. (OTCQX: MDCL) (“Medicine Man Technologies” or “Company”), a rapidly growing, vertically integrated cannabis operator, today is pleased to announce that it has entered into binding term sheets to acquire 100% of the assets of Green Equity S.A.S. (“Green Equity”). The acquisition will provide Medicine Man Technologies with additional licenses and intellectual property (IP) for cultivation, manufacturing, extraction, exportation, and R&D, increasing its capabilities and service offerings to becoming a vertically integrated operator. The Company will combine its best-in-class cultivation methods with its access to Green Equity’s 271-acre farm, located outside Bogotá.


No Image

Cannabis Growth Opportunity Corporation is Pleased to Report that Jushi Commenced Trading on the Neo Exchange Under the Symbol “Jush.B”

TORONTO, June 12, 2019 /PRNewswire/ – Cannabis Growth Opportunity Corporation (“CGOC”, or the “Company”) (CSE: CGOC), a cannabis focused investment corporation with both public and private cannabis holdings, is pleased to report that Jushi Holdings Inc. (“Jushi”), one of the private portfolio holdings commenced trading on the NEO Exchange Inc. (“NEO”), under the symbol “JUSH.B”, on June 10, 2019, closing its first day of trading at a price of $3.20. The listing follows the successful completion of the previously announced reverse takeover (“RTO Transaction”) of a Canadian public company, Tanzania Minerals Corp., by U.S.-based Jushi. The public company was subsequently renamed Jushi Holdings Inc., in connection with the RTO Transaction and the listing on NEO. Additionally, the Company raised approximately US$68.2 million through a brokered and non-brokered private placement.




No Image

Craft Cultivators Offer the Cannabis Consumer an Artisanal Alternative

NEW YORK, June 12, 2019 /PRNewswire/ — Following the ascent of the cannabis marketplace, reputable analysts have initiated their coverage on the industry. Major Wall Street firms such as RBC Capital Markets, Cowen, Piper Jaffray, and Bank of America Merrill Lynch have covered several companies within the market space, as well as the overall outlook for the industry. Although the industry is still technically illegal under international regulations, many countries have decided to overlook laws and move towards cannabis legalization. Large international countries such as Australia, Argentina, Colombia, France, Germany, Spain, parts of the U.S., and most notably, Canada have all adopted some form of cannabis legislation. While predominantly, most countries are adopting medicinal cannabis legislation due to its therapeutic benefits, the U.S. and Canada are accelerating the recreational market due to their large user bases. For instance, RBC Capital Markets analyst Nik Modi believes that the U.S. legal market is positioned to reach USD 47 Billion within the next decade while registering a CAGR of 17%. And while the medical sector currently accounts for the majority of the market share, Modi believes that the recreational sector will prevail in the shortcoming future, due to the increasing usage of concentrates and edibles. However, despite the U.S.’ dominance, its market share is expected to slowly dwindle as more countries enter into the marketplace. On the other hand, Bank of America Merrill Lynch analyst Chris Carey predicts that events such as Canada reaching oversupply by 2021 in combination with U.S. legalization efforts are expected to further shift the market. Meanwhile, Cowen analysts attribute the successful growth of the cannabis industry to numerous factors such as continued cannabis trial and use, lower levels of binge drinking and its role as an opioid alternative. According to data compiled by Zion Market Research, the global marijuana market was valued at approximately USD 16.71 Billion in 2017. By 2024, the market is expected to generate revenue of USD 62.96 Billion while growing at a CAGR of 21% from 2018 to 2024. Pasha Brands Ltd. (CSE: CRFT), Constellation Brands, Inc. (NYSE: STZ), Pyxus International Inc. (NYSE: PYX), Greenlane Holdings, Inc. (NASDAQ: GNLN), Curaleaf Holdings, Inc. (OTCQX: CURLF) (CSE: CURA)