New Facilities, New Acquisitions, New Exchange Listings and Worldwide Expansion: Snapshot of the Cannabis Market
New York, NY -- May 8, 2019 -- InvestorsHub NewsWire -- Stock Market Press -- The past 5 months have been absolutely incredible for the Cannabis Sector. Passage of the 2018 Farm Bill by the US Congress has turned the tables on the industry. While this bill targets Hemp in particular, the Cannabis market as a whole has benefited.
The Cannabis market is ‘split’ into 2 sectors: Hemp and Marijuana. The projections for Hemp along top $20B by 2024, that’s just 5 years away! On the Marijuana side, which include medical and adult recreational use, the projects are similar, with $24B by 2025.
Companies of all types, from private to public, from OTC to NYSE, have seen huge gains because of the passage of this bill. Some prominent examples include:
Evolution by seeing the future direction of the Cannabis Market and the ever changing security-surveillance needs like DirectView Holdings, Inc. (OTC: DIRV) has done. As a result, they just announced the need for a larger, more complex facility to handle the rapid growth and allow for a centralized location for a customer showroom, training facility, call center and warehouse space for inventory.
Growth via initial listing on a European exchange and joint ventures like Marijuana Company Of America Inc. (OTCQB: MCOA) with their just announced Vienna Exchange hempSMART subsidiary listing and their JV to operate a California cannabis delivery service named Viva Buds™. Additionally, a joint venture partnership with Global Hemp Group (GHG.CN), which completed a successful first harvest late in 2018 and is now in position to monetize its hemp biomass.
Expansion via acquisitions like Greene Concepts, Inc. (OTC: INKW) and their recent acquisition of Mammoth Ventures, Inc. a ready-to-drink beverage products company with bottling facility and more.
Branding via sponsorship of ski jumper Ryan Dodd, a World Champion water-skier, that Kona Gold Solutions, Inc. (OTC: KGKG) just announced.
The same is seen on the NYSE and NASDAQ exchanges with companies like Canopy Growth Corp (NYSE:CGC), Aurora Cannabis (NYSE:ACB) and Tilray (NASDAQ:TLRY) all expanding via similar methods.
DIRV - DirectView to Launch New Multipurpose Facility in Dallas, Texas
DirectView Holdings, Inc. (OTC: DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that it plans to address certain requirements by leasing a new multipurpose facility in the Dallas, Texas area. The new facility is planned to contain a showroom for customers, a training facility for clients and employees, a call center for technical support and sales, a distribution office, warehouse space for inventory and shipping, and additional sales and management offices. The recent growth of DirectView and its subsidiaries is attributed to the need for a larger, more complex facility.
“We are in the final stages of leasing a new multipurpose facility that will streamline our operations and further our growth strategy as we continue our pursuit to be the best in the industry,” stated Roger Ralston, CEO and Chairman of DirectView Holdings. “From design to installation, to customer experience and post installation support, investments in our team and our facilities ensures we are generating the best results. We anticipate the new facility will give DirectView the competitive edge to make this year even more productive than the last.”
41% sales growth to a record $4.1 million
39% growth in product sales to a record $3.3 million
51% growth in services sales to a record $0.8 million
27% gross profit growth to a record $1.6 million
46% growth in product gross profit to a record $1.7 million
436 basis point gross profit margin decrease to 39.1%
111% increase in SG&A
Read more on this and other press releases by DirectView Holdings, Inc. (OTC: DIRV) at: https://finance.yahoo.com/quote/DIRV and their products and services at https://www.directview.com
INKW - Greene Concepts Partners with Leading Global CRO, Accelerates Path to $23B RTD Market
Greene Concepts, Inc. (OTC: INKW) (http://greeneconcepts.com) (“Greene Concepts” or the “Company”), an emerging leader in the global scientifically formulated beverage industry, is excited to announce that it has entered into a strategic partnership with Nutrasource, a premier global contract research organization, to assist its wholly-owned subsidiary, Mammoth Ventures, Inc (“Mammoth Ventures”), with all regulatory, clinical, product development, and testing solutions for its ready-to-drink (“RTD”) beverage products and dietary supplements throughout North America.
“This alliance is a central component of our compliance strategy and our commitment to all current regulatory and clinical guidelines for the launch of our new functional beverage line,” stated Karen Howard, CEO of Green Concepts. “Nutrasource has an impeccable reputation for excellence in science and regulation, not only in the U.S. and Canada, but globally. Having access to this elite level of expertise allows us to get both more aggressive and more creative, and to dramatically differentiate our products and drive value for our customers and shareholders.”
Nutrasource has four offices in three countries with a staff of over 150. A provider of one-stop-shop services for healthcare product development and market entry services, Nutrasource specializes in global regulatory compliance, product claims support, clinical trials, and product testing for dietary supplements, cannabis and CBD products, foods and beverages, pet products, and medical products.
Latest news from Greene Concepts can be found here: https://finance.yahoo.com/quote/INKW?p=INKW
MCOA - Marijuana Company of America Issues 2019 Shareholder Letter
Marijuana Company Of America Inc. (OTCQB: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, today announces that on May 1, 2019, the Company mailed a letter to its shareholders to update them on recent developments and new business opportunities. In the letter, the Company provided a discussion on its two current acquisitions underway a review of its recent financial and operating performance and details of its new Viva Buds™ brand that will serve as a manufacturing, distribution and retail delivery service for cannabis products in the state of California.
Recent Company highlights include:
-Marijuana Company of America's global expansion with the debut of its hempSMART™ products in the UK
-The Company's established joint venture in California to operate a California cannabis delivery service named Viva Buds™
-Details of the joint venture partnership with Global Hemp Group, which completed a successful first harvest late in 2018 and is now in position to monetize its hemp biomass
-A strategic partnership with MassRoots (OTCQB: MSRT) to promote its hempSMART CBD product line
More information on Marijuana Companies of America can be found here: https://finance.yahoo.com/quote/MCOA and the full shareholder letter here: http://marijuanacompanyofamerica.com/investor-relations/
KGKG - Kona Gold Solutions, Inc. Sponsors World Champion and World Record Holder Ski Jumper Ryan Dodd
Kona Gold Solutions, Inc. (OTC: KGKG), a hemp and CBD lifestyle brand focused on product development in the functional beverage sector, is pleased to announce the sponsorship of World Ranked #1 professional skier, Ryan Dodd. Ryan Dodd has signed a two-year agreement with Kona Gold where he will represent the brand’s Kona Gold Hemp Energy Drinks on a global level as he travels and competes in events around the world.
Ryan Dodd, who resides in Palm Bay, FL, is the current International Waterski Federation Athlete of the year, 2-time World Champion, and is currently ranked #1 in the World. Ryan has accumulated 45 career pro wins during his career and has set out to have an undefeated season this year and to extend his current Guinness Book of World Records Jump of 254 feet to 260 feet. Ryan has a host of sponsors, with Kona Gold being his beverage sponsor through 2021. Out of the water, Ryan is a dedicated husband and father who runs a charity, RD Homes of Hope, where he has set a goal to build and donate 100 homes in a year.
For more information regarding Ryan Dodd, please visit:
Read all the Kona Gold press releases here: https://finance.yahoo.com/quote/KGKG?p=KGKG&.tsrc=fin-srch
While it is hard to keep up with all the changes the market is seeing, this is a good thing, an indication that the Cannabis Market hasn’t even begun to ramp up. Major research entities are calling for a massive increase in revenues and business in the Cannabis space. This will keep investors busy and profitable for years to come.
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