NetworkNewsWire
Editorial Coverage: Entering a new year is exciting, especially
when the future holds the promise of expanding marketplaces and
business opportunities. From growers and processors to the
essential support services and an increasing number of retailers,
cannabis companies are looking at 2018 as a breakout year for
unprecedented growth. California’s launch of legal marijuana for
adult recreational use kicked off January 1, and Canada is set to
follow the same path in July 2018. An article in Newsweek reveals
at least 12 states are poised to consider legalizing some form of
marijuana in 2018 (http://nnw.fm/1ETMq), marking the latest in a quick
volley of changes being implemented by lawmakers and the public as
more than 60 percent of Americans say they support legalization for
adults (http://nnw.fm/pFa4w). Companies nimble enough to take
advantage of these promising changes include DOJA Cannabis
Company Ltd. (CSE: DOJA) (OTC: DJACF) (DJACF
Profile), Growlife, Inc. (OTC: PHOT), United Cannabis Corp.
(OTCQB: CNAB), Cannabis Wheaton Income Corp. (TSXV: CBW) (OTC:
CBWTF) and Supreme Cannabis Company, Inc.
(TSXV:FIRE) (OTC:SPRWF).
Acquisitions, deal-making, and expansion plans are on the minds
of many in the cannabis sector as 2018 enters the world. A new
Viridian Cannabis Deal Tracker report states the amount of
financing raised in 2017 to support the coming cannabis boom is a
staggering $2 billion in Canada alone, according to an article in
the Financial Post (http://nnw.fm/Lxo1J).
“While the medical market is expected to continue to grow over
the next several years, the size of the coming adult-use market is
expected to far exceed that of the medical side,” said Harrison
Phillips, vice-president at Viridian, told the Financial Post.
“Companies have been raising significant amounts of capital,
primarily to increase capacity to satisfy the coming surge in
expected demand.”
For DOJA Cannabis
Company Ltd. (CSE: DOJA) (OTC: DJACF), 2017 was full
of progress and the development of several successful ventures that
will help the company gain a secure foothold in the recreational
cannabis market in the new year. DOJA CEO Trent Kitsch in the
company’s 3rd Quarter 2017 report (http://nnw.fm/Uv2Dv) praised the company’s team effort
to make 2017 a banner year, stating, “I am very proud of our team’s
year-to-date accomplishments. We have reached a number of
milestones in less time and for less investment than originally
budgeted.”
DOJA is a premium cannabis lifestyle brand featuring the highest
quality handcrafted strains in Canada. DOJA’s wholly owned
subsidiary, Northern Lights Marijuana Company, is a Health Canada
licensed cannabis producer located in Kelowna within the heart of
British Columbia’s picturesque Okanagan Valley. The company
recently harvested and cured its first batches of premium
handcrafted cannabis flower, requested a pre-sales license
inspection from Health Canada, and began construction of the FUTURE
LAB’s 22,580-square-foot state-of-the-art extraction facility and
lab that can support greatly increased production capacity – all
impressive milestones for a company committed to establishing
itself as Canada’s leading lifestyle cannabis brand (http://nnw.fm/qXT1m).
“We know that iconic brands are backed by iconic products, so
our attention has been placed firmly on the art of growing,
trimming and curing to ensure the quality and consistency of our
handcrafted cannabis flower,” Kitsch said. “Looking to the future
there are a number of initiatives that we plan on executing that
will further differentiate the DOJA brand and create value for our
shareholders.”
Underpinning that statement, DOJA on December 21 revealed its
binding letter of intent with Tokyo Smoke to acquire all of its
issued and outstanding shares (http://nnw.fm/9ON1k). The proposed merger will create
a unique cannabis company – to be named Hiku Brands Company Ltd. -
that combines a retail-focused cannabis company with DOJA’s
specialty cannabis flower production facilities. The company also
announced a strategic equity investment of approximately $10
million into the newly-combined company by Aphria Inc. (TSX: APH)
(OTCQB: APHQF). The combination of cannabis production, retail
footprint and a portfolio of cannabis brands is expected to provide
the newly formed company the opportunity to realize the significant
value of complete vertical integration.
In October the company announced its plan to expand its
production capacity with the build-out of its new, much larger
growing facility.
"The Acquisition is a game changer for DOJA, it allows us to
expand our production capacity by almost 8 times, diversity our
strain production, integrate a world class extraction lab and
leverage the economies of scale that come from a larger growing
space,” Kitsch said in a news release (http://nnw.fm/rWR4Q). “Our strategy has always been to
reach 5,000 kg of cannabis production per year by the end of 2018,
with the addition of 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.”
Expanding DOJA’s cultivation capacity and scale provides a
near-term supply source for dried cannabis flower that is grown,
trimmed and cured in a premium fashion at a price per gram that is
within the company’s control – ensuring DOJA remains competitive on
a national level. DOJA’s FUTURE LAB state-of the-art extraction lab
will drive innovation in the cannabis concentrates and edibles
sector, which company officials expect will overtake cannabis whole
flower sales in the future.
Closing out 2017, the company recently finalized a previously
announced bought deal private placement of convertible debenture
units, raising $17.25 million to be used for capital projects and
general corporate purposes (http://nnw.fm/WcBi8) as it continues its pattern of
growth.
Growing healthy and productive cannabis isn’t done without a
great deal of help from Mother Nature and a host of specialty
support services. As a nationally recognized cultivation brand for
the cannabis industry, Growlife (OTC: PHOT)
provides world-class hydroponic equipment, lighting, nutrients,
media, and other cultivation supplies to commercial and urban
operations. Based in the state of Washington, GrowLife has added an
all-in-one home cultivation system called “GrowLife Cube
Pro” to its product offerings. The company is introducing the
product as a way to service the exploding recreational cannabis
markets in California and other states where adults will be
permitted to cultivate up to six plants per adult under local law
(http://nnw.fm/B33cS).
Denver-based United Cannabis (OTCQB: CNAB) is
constructing a state-of-the-art industrial hemp processing plant
that will include extraction, purification, testing and processing
equipment, as well as packaging, fulfillment and secure storage
capabilities, according to a news release (http://nnw.fm/klBB1). The company, which provides
consulting services, proprietary products and licenses its
intellectual property to businesses in the cannabis industry, is
branching out to provide contract manufacturing to farmers working
under the 2014 Federal Farm Bill and Colorado's Department of
Agriculture's Industrial Hemp Program. Farmers in the program will
be able to convert harvested industrial hemp plants into a range of
products, from simple extracts to capsules to sublingual drops, and
have them packaged for resale, the company states in the press
release.
Cannabis Wheaton Income (TSXV: CBW) (OTC:
CBWTF) is also advancing its footprint in the cannabis
sector by entering into a letter of intent with FV Pharma Inc.
Under the agreement, Cannabis Wheaton will develop all aspects of
FV's cannabis cultivation facility in mutually agreed staged
phases, creating the largest indoor cannabis cultivation and
processing facility in the world. A joint press release states
(http://nnw.fm/l6wmD). The FV facility, located
one hour east of Toronto, Canada, is an existing 620,000 square
feet of building space once used by KRAFT® as a food manufacturing
facility.
Another Canadian company committed to becoming a leading
cultivator and distributor of specialized cannabis is
Supreme Cannabis Company (TSXV: FIRE) (OTC:
SPRWF), which recently changed its name from Supreme
Pharmaceuticals Inc. The company’s 7ACRES subsidiary is a federally
licensed producer of medical cannabis with a 342,000-square-foot
hybrid greenhouse facility in Kincardine, Ontario. The recent
purchase of six acres adjacent to this facility is expected to
produce high-quality “California-Style” cannabis for the premium
product segment once construction of an indoor cultivation facility
is completed, the company stated in a news release (http://nnw.fm/Y9Ira).
2018 may certainly turn out to be a rollercoaster for the
cannabis industry, with more participants than ever punching a
ticket to ride. But there are ample opportunities for growth in
various sectors of a global industry that Grand View Research, Inc.
expects will reach $55.8 billion by 2025 (http://nnw.fm/LuR6w). Other industries such as
marketing, software, packaging, energy, banking, blockchain
technology and biotechnology are also taking notice and seeing
opportunities in the burgeoning field as marijuana continues its
transformation from a hidden, underworld product to a massive
economic force.
For more information on DOJA Cannabis Company, visit DOJA Cannabis
Company Ltd. (CSE: DOJA) (OTC: DJACF)
For a more in-depth look into DOJA Cannabis (CSE: DOJA)
(OTC: DJACF), view the full report on Microsmallcap.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides
(1) access to our news aggregation and syndication servers, (2)
NetworkNewsBreaks that summarize corporate news and
information, (3) enhanced press release services, (4) social media
distribution and optimization services, and (5) a full array of
corporate communication solutions. As a multifaceted financial news
and content distribution company with an extensive team of
contributing journalists and writers, NNW is uniquely positioned to
best serve private and public companies that desire to reach a wide
audience of investors, consumers, journalists and the general
public. NNW has an ever-growing distribution network of more than
5,000 key syndication outlets across the country. By cutting
through the overload of information in today’s market, NNW brings
its clients unparalleled visibility, recognition and brand
awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the
NetworkNewsWire website applicable to all content provided by NNW,
wherever published or re-published: http://NNW.fm/Disclaimer
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article
and content set forth above. References to any issuer other than
the profiled issuer are intended solely to identify industry
participants and do not constitute an endorsement of any issuer and
do not constitute a comparison to the profiled issuer. The
commentary, views and opinions expressed in this release by NNW are
solely those of NNW. Readers of this Article and content agree that
they cannot and will not seek to hold liable NNW for any investment
decisions by their readers or subscribers. NNW are a news
dissemination and financial marketing solutions provider and are
NOT registered broker-dealers/analysts/investment advisers, hold no
investment licenses and may NOT sell, offer to sell or offer to buy
any security.
The Article and content related to the profiled company
represent the personal and subjective views of the Author, and are
subject to change at any time without notice. The information
provided in the Article and the content has been obtained from
sources which the Author believes to be reliable. However, the
Author has not independently verified or otherwise investigated all
such information. None of the Author, NNW, or any of their
respective affiliates, guarantee the accuracy or completeness of
any such information. This Article and content are not, and should
not be regarded as investment advice or as a recommendation
regarding any particular security or course of action; readers are
strongly urged to speak with their own investment advisor and
review all of the profiled issuer’s filings made with the
Securities and Exchange Commission before making any investment
decisions and should understand the risks associated with an
investment in the profiled issuer’s securities, including, but not
limited to, the complete loss of your investment.
NNW 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 NNW undertake no
obligation to update such statements.
Source:
NetworkNewsWire
Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Auxly Cannabis (QB) (USOTC:CBWTF)
Historical Stock Chart
From Jan 2025 to Feb 2025
Auxly Cannabis (QB) (USOTC:CBWTF)
Historical Stock Chart
From Feb 2024 to Feb 2025
