NetworkNewsWire
Editorial Coverage: Public acceptance and legislative approval
of cannabis use, both for medicinal and recreational purposes,
continue to spread internationally. In Canada, where medicinal
cannabis has been legal since 2001, the federal government is
moving toward its goal of adding recreational marijuana
legalization nationwide by July 2018. The turning tide in public
sentiment and the advancement of legalization, both in Canada and
throughout the world, are gradually destigmatizing marijuana use
and giving rise to new cannabis subcultures and brands. This
evolution of the cannabis lifestyle is creating big market
potential for Canadian cannabis producers like DOJA
Cannabis Ltd. (CSE: DOJA) (OTC: DJACF) (DOJA
profile), MYM
Nutraceuticals, Inc. (CSE: MYM) (OTC: MYMMF),
Emblem Corp. (TSX.V: EMC)
(OTC: EMMBF), ABcann Global (ABCN:CC)
(OTCQB: ABCCF) and Cannabis Wheaton
Income Corp. (TSX.V: CBW) (OTCQB: CBWTF) as these
players see increased opportunities to meet the rising demand for
quality cannabis.
A recent market research report has predicted that the
international cannabis market, currently worth approximately $7.7
billion, will reach $31.4 billion by 2021 (http://nnw.fm/EpTH9), spurred on by the continued
liberalization of marijuana laws across the globe. As Canada
prepares for recreational cannabis legalization, companies
like DOJA Cannabis
Ltd. (CSE: DOJA) (OTC: DJACF) are
right in line to profit.
DOJA is a premium cannabis lifestyle brand and licensed
marijuana producer in Canada, based in the Okanagan Valley of
British Columbia. DOJA believes “lifestyle” is where the medical
and recreational cannabis markets converge, and the company’s
central focus is on creating a revolutionary cannabis lifestyle
brand. DOJA, in fact, stands out as Canada’s first licensed
cannabis producer to focus on building a high-end lifestyle
cannabis brand in this way.
DOJA’s wholly owned subsidiary is a licensed cannabis producer
under Canada’s Access to Cannabis for Medical Purposes Regulations
(ACMPR), and the company has further applied for a cannabis sales
license through the ACMPR, which is expected to be issued soon. On
Nov. 2, DOJA announced that its subsidiary had successfully
completed initial marijuana harvests and had requested a pre-sales
license inspection from Health Canada, which is the final step
prior to receiving a cannabis sales license under the ACMPR.
DOJA also recently closed its acquisition of a
22,850-square-foot commercial building in Kelowna, where the
company intends to build a state-of-the-art extraction facility,
called the FUTURE LAB, and for which it plans to obtain an oil
production license. When this facility is completed, DOJA expects
its corporate cannabis production capacity will exceed 5,000 kg
annually.
“The acquisition is a game changer for DOJA,” DOJA CEO Trent
Kitsch stated in a recent press release (http://nnw.fm/Sp1BX). “It allows us to expand our
production capacity by almost 8 times, diversify our strain
production, integrate a world class extraction lab and leverage the
economies of scale that come from a larger growing-space. Our
strategy has always been to reach 5,000 kg of cannabis production
per year by the end of 2018; with the addition of the FUTURE LAB we
project we will reach (our) goal in less time and for less capital
investment than previously budgeted. The FUTURE LAB has 325 feet of
highway frontage, which will be utilized to promote DOJA’s cannabis
lifestyle brand to the 1.9 million plus visitors to the Okanagan
each year and the 40,000 commuters that drive past the facility
each day.”
DOJA brings a handcrafted approach to the cannabis space, with a
focus on branding premium flower and extracts. The company grows
its cannabis indoors and hand trims and hang-dries all flower,
which are techniques that coax greater flavor and result in
enhanced quality and higher crystal content.
DOJA recently opened the Doja Culture Café in Kelowna, which is
a high-end café and cannabis access center. At present, the
establishment hosts events like cannabis information nights and
doctor discussions for medical marijuana patients to help promote
the development of cannabis culture in Kelowna. The company plans
to take steps toward incorporating a cannabis dispensary within the
venue once the provincial government in British Columbia
settles on which model it will adopt relative to recreational
cannabis legalization (http://nnw.fm/ri3PX). DOJA plans to open additional
culture cafes in the future.
The management team that leads DOJA is composed of individuals
who possess experience working with distributor channels in the
liquor industry, and the company’s founders are locked into the
company for a three-year period — a testament of their dedication
to the company’s mission and to the cannabis space in general.
Kitsch built his profile as the founder of Saxx, one of Canada’s
premier men’s undergarment brands. He was featured on “Dragon’s
Den” and owns Kitsch Wines in Kelowna.
Another Canada-based cannabis player poised to benefit when the
country legalizes recreational marijuana is MYM
Nutraceuticals Inc. (CSE: MYM) (OTC: MYMMF). MYM is
focused on acquiring licenses through Health Canada for producing
and selling premium organic medical cannabis supplements and
topical products. The company has two production projects in Quebec
that will, when they are completed, boast more than 1.5 million
square feet of cannabis production space.
Additionally, MYM is a partner in a 1.2 million-square-foot
production project in New South Wales, Australia. MYM is actively
seeking to acquire complementary businesses and assets within the
technology, nutraceutical and cannabidiol sectors of the cannabis
market.
Vertically integrated cannabis company Emblem
Corp. (TSX.V: EMC) (OTC:
EMMBF) is another Canadian marijuana player that is
anxious for the advent of recreational cannabis legalization.
Emblem is focused on R&D, production and distribution of
medical cannabis products, and the company recently announced its
growth plans for 2018 (http://nnw.fm/S39p6), which include significantly
increasing its cultivation capacity preparatory to recreational
marijuana legalization.
Currently, Emblem has more than 8,500 square feet of flowering
capacity at its closed-box facility in Paris, Ontario, and operates
through a multifaceted approach of employing both “closed box” and
greenhouse production facilities.
A significant land acquisition recently completed by the company
is paving the way for cutting-edge greenhouse facilities that will
substantially expand Emblem’s total production capacity to more
than 17,000 kg of dried flower per year. Emblem also has its oils
license in place.
Another standout in the Canadian marijuana market is
ABcann Global (ABCN:CC) (OTCQB: ABCCF),
which was one of the first companies to obtain licensure to produce
medical marijuana in Canada. ABcann has been a licensed cannabis
producer in good standing since 2014 and has zero history of
product recalls to date. The company employs a proprietary
computer-controlled indoor growing process that regulates
temperature, humidity and water. The result of this unique
cultivation approach is the production of cannabis that is
high-quality, standardized, organically grown and pesticide-free.
ABcann is expanding its line of products to include cannabis oils
(http://nnw.fm/Z1LnN), and the company is
further pursuing opportunities for partnership and product
development both domestically and in select international
markets.
Another Canada-based entity is contributing to Canada’s cannabis
market in a more unique way. Cannabis Wheaton Income
(TSX.V: CBW) (OTCQB: CBWTF) (d/b/a Wheaton
Income) is an asset management company that is engaged in investing
and supporting a wide variety of licensed cannabis producers in
Canada. Cannabis Wheaton has created a platform through which LPs
(licensed cannabis producers) and LP applicants can obtain CapEx
financing to build or expand their marijuana cultivation
facilities.
In exchange, Cannabis Wheaton receives a combination of equity
in these streaming partners and a percentage of their cultivation
yields over a certain period of time and at negotiated prices per
gram. In addition to providing its partners with the funding they
need, Cannabis Wheaton also gives them access to its expert
management team, which is composed of industry leaders, to assist
them in accelerating the growth of their enterprises.
Cannabis Wheaton foresees the worsening problem of cannabis
shortages in Canada while marijuana producers race to meet the
demands of authorized medical cannabis patients and to also get
ready for the increased demands that will come with recreational
legalization. Through supporting the successful development of
Canadian cannabis producers, Cannabis Wheaton aims to foster the
growth of a diverse, robust, innovative and successful cannabis
industry.
As the legalization of recreational marijuana use looms in
Canada and as public acceptance and legalization move forward
throughout the world, the named companies are gearing up for a
Canadian cannabis boom that is sure to be substantial. As the
cannabis lifestyle gradually takes hold throughout the world, these
players are in prime position to profit and expand.
For more information on DOJA Cannabis Ltd., visit DOJA Cannabis
Ltd. (DOJA).
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