Staff, Author at Green Market Report

StaffStaffJune 11, 2018
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3min1490

Aurora Cannabis Inc. (ACBFF)  announced that it signed a cannabis flower and trim supply agreement with Agrima Botanicals Corp. a wholly-owned subsidiary of Ascent Industries Corp. Agrima is a licensed producer of medical cannabis pursuant to Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”).

According to a company statement, Agrima will supply Aurora with up to 20,000 kg of dried cannabis flower and up to 6,000 kg of cannabis trim per year from its Canadian cultivation facilities. The deal can last up to five years and is subject to a 12,000 kg per year minimum. Currently, Cannabis Benchmarks lists the spot price of wholesale cannabis at $1,237 per pound. At 2.2 pounds per kilogram, this gives the deal an approximate potential value of $54 million.

“The agreement with Ascent brings further differentiation to Aurora’s growing portfolio of products,” said Terry Booth, CEO. “Expanding product choice to our various audiences through quality operators such as Agrima positions us well to accelerate growth. Furthermore, the relationship provides an opportunity to potentially source additional, higher-margin derivative products down the line.”

Philip Campbell, CEO, and Director of Ascent added, “We are delighted to be selected as a supplier to Aurora, a leader in the global cannabis sector. Agrima is committed to providing high-quality cannabis to both consumers and strategic partners, which this new agreement is a testament to. We believe this represents the beginning of a strong strategic relationship with Aurora, one which will benefit both companies for years to come.”

Agrima’s dried cannabis flower and trim will come from its facilities in Pitt Meadows, British Columbia. Once operational, the 600,000 square foot, automated cultivation facility will have a total cultivation capacity of approximately 60,000 kg of cut flower per year. Agrima anticipates receiving Health Canada approval towards the end of calendar 2018 and anticipates shipping its first products in Q1 2019. Agrima’s parent company Ascent offers a product suite of more than 40 unique products under eight consumer-focused brands, including gel capsules, oils, vaporizer pens, pre-rolled joints, various edibles and raw flower.


StaffStaffJune 11, 2018
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4min8140

Canadian medical marijuana company Tilray has busted the bro culture in cannabis by naming three accomplished women to the board of directors, making it one of the few woman-led boards in cannabis.

Tilray Inc. announced the appointment of Rebekah Dopp, a Principal in Global Partnerships at Google; Maryscott “Scotty” Greenwood, CEO of the Canadian American Business Council and a Principal at Dentons; and Christine St.Clare, founder of St.Clare Advisors and formerly a Partner at KPMG, to the company’s Board of Directors. Tilray is owned by private equity company Privateer Holdings.

“We feel honored to welcome these directors to Tilray’s Board and proud that their appointments will create one of the first majority women led Boards in the cannabis industry,” said Brendan Kennedy, Tilray CEO. “Rebekah, Scotty, and Christine each bring a wealth of knowledge and expertise that complement and enhance our current Board. Their established track records of success guiding global companies in rapidly evolving regulatory environments is a huge asset to Tilray as we strive to expand our operations around the world.”

Rebekah Dopp brings media gravitas to the board. She heads up Principal, News, and Local Media – Global Partnerships at Google.  According to the company statement, prior to joining Google, Rebekah was Senior Vice President, Advanced Services for CBS Corporation (CBS). She began her media career at Home Box Office, Inc. (HBO) where she spent 14 years in leadership positions in technology and distribution, culminating in her role as Vice President, Global Technology Business Management.

Maryscott “Scotty” Greenwood brings her governmental expertise to the board. She currently serves as CEO of the Canadian American Business Council and as Principal at Dentons U.S. LLP (Dentons) in the firm’s Public Policy Group and as co-leader of the practice’s Advocacy and Government Affairs team. According to the company statement, before joining Dentons in 2001, Scotty spent four years as chief of staff of the U.S. Embassy in Canada as a Presidential appointee.

Legal eagle Christine St.Clare founded St.Clare Advisors, LLC in September 2010 and currently serves as its President. Prior to founding her own firm, Christine was a partner at KPMG LLP, where she was an Audit Partner from 1986 to 2005 and Advisory Partner from 2006 to 2010. She currently is an Independent Director of Fibrocell Science, Inc., and AquaBounty Technologies, Inc. and was an Independent Director for AVINTIV, Inc. (formerly known as Polymer Group, Inc.) prior to the sale of the company.


StaffStaffJune 6, 2018
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5min1210

It’s time for your Daily Hit of cannabis financial news for June 6, 2018.

On The Site

The Green Organic Dutchman Holdings Ltd. 

The Green Organic Dutchman Holdings Ltd. (TGOD) is getting into the beverage businesses. On June 6, 2018, the company announced the official launch of its global division focused solely on the beverage industry, appropriately named The Green Organic Dutchman Beverage Division. Recognizing the similarities between the beverage industry and the cannabis industry, TGOD’s new division will focus on the creation of branded products and supplying organic ingredients for global beverage brands.

Stifel Predicts Price Fall

Will the nationwide legalization of cannabis in the United States lead to falling cannabis prices? According to a recent report published by the financial services company Stifel Financial Corp., the answer is yes. Published on May 30, 2018, the report details various market pressures and predictions regarding how the legal cannabis market will over the next several years. The report predicts that a national cannabis industry would most likely see cannabis sell for a wholesale price of $2.00 per gram and a retail price for $3.50 per gram for medicinal and $5.50 for recreational.

Namaste Technologies 

The California cannabis company known for its marijuana flower crowns and special holiday productsLowell Herb Co., is teaming up with Namaste Technologies (NXTTF) to launch its products in Canada. Namaste signed a supply and distribution agreement with Lowell Herb to launch ultra premium Lowell Smokes products for the Canadian recreational and medical cannabis markets. In anticipation of Canada’s roll-out of legal recreational cannabis, the deal represents a strategic partnership between Namaste and Lowell Smokes to leverage Namaste’s resources and Lowell’s international brand appeal.

cannabisMD

The effects of legalized marijuana are being felt far and wide across different sectors of the economy, especially media, as cannabisMD.com has officially launched, aiming to be the destination for consumers to learn about medical marijuana and how to treat particular ailments.

Described as WebMD meeting cannabis and CBD, cannabisMD.com will provide potential patients a plethora of curated and original content, including peer-reviewed research, original video content and more, to give readers the opportunity to make better-informed decisions about medicinal marijuana.

In Other News

Aphria Inc.

Aphria Inc. (APH.TO) entered into an agreement with Clarus Securities Inc., to purchase, on a “bought deal” basis, 18,987,400 common shares of Aphria at a price of C$11.85 per share for aggregate gross proceeds of C$225,000,690. The company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 2,848,110 common shares at the offering price, exercisable in whole or in part at any time for a period ending 30 days from the closing of the offering. In the event the over-allotment option is exercised in full, the aggregate gross proceeds will be C$258,750,794.

MedMen Enterprises Inc.

MedMen Enterprises Inc. (MMEN) announced that it has signed a definitive agreement to acquire dispensary and cultivation assets from Florida based Treadwell Simpson Partnership and affiliates. As part of the transaction, MedMen will acquire Treadwell Nursery’s cultivation facility situated on 5 acres in Eustis, Florida and the right to open 25 medical marijuana dispensaries in the State of Florida. The Company will pay US$53 million, subject to a working capital adjustment, half of which will be satisfied in cash and the other half of which will be satisfied by way of issuance of common units of MM Enterprises


StaffStaffJune 5, 2018
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8min1390

It’s time for your Daily Hit of cannabis financial news for June 5, 2018.

On The Site

CannTrust Holdings Inc. 

Medical cannabis producer CannTrust Holdings Inc. (TRST) announced today that is has closed its previously announced short form prospectus offering, on a bought deal basis. The announcement comes in the wake of a very strong fourth quarter and full-year financial report in which the company’s profits exceeded its losses and annual revenue rose from C$4.3 million to C$20.6 million.

Including the full exercise of the over-allotment option, CannTrust sold a total of 11,155,000 units of the company, at a price of C$9.00 per unit, for a total exceeding C$100 million. A unit of the company consists of one common share and one half of one common share purchase warrant. A common share purchase warrant entitles the holder to acquire one common share of the company, at a price of C$12 per share, until June 5, 2020.

The Green Organic Dutchman Ltd.

The Green Organic Dutchman Ltd. (TGODF) entered into an engagement letter with Canaccord Genuity Corp. on behalf of a syndicate of underwriters including PI Financial Corp. and Mackie Research Capital Corporation to purchase 3,910,000 special warrants of the company, on an bought deal basis. The price per special warrant is $6.40 generating an aggregate gross proceed of approximately C$25 million. The offering is expected to happen on June 26, 2018.

The warrants will be made up of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of c$9.50 for a period of 36 months from the date of closing. The stock was lately trading at C$6.99 on the Toronto Exchange, a sharp increase from its initial pricing of C$3.65 when the company went public in April.

The State of Legal Marijuana Markets 6th Edition

A new report from Arcview Market Research and BDS Analytics says that the medical marijuana market will drop to only 41% in 2018 as the California, Nevada and Canada adult-use markets explode. Medical marijuana accounted for 71% of the legal market in 2017, making the pace of the decline dramatic. The State of Legal Marijuana Markets 6th Edition also predicts that the medical component of worldwide legal sales will plunge to just 35% by 2022 due to the growth of recreational sales in those three markets, along with new states like Maine and Massachusetts.

Consumer spending in cannabis markets is expected to triple to $32 billion by 2022 for a 27.5 compound annual growth rate (CAGR). The report notes that U.S. sales alone will grow to $23.4 billion by 2022. It seems Americans are the most excited about adult use marijuana as the paper says that it is largely a U.S. phenomenon.  The rest of the world appears to be content to stick with just medical marijuana.

 In Other News

Neptune Technologie & Bioresources 

Neptune reported its earnings after the market close. The company transitioned to a new fiscal year-end as at March 31, 2017. As a result, the comparative periods cover the four and thirteen-month periods ended March 31, 2017, and may not be directly comparable to the figures of the 2018 fiscal year.

Fourth Quarter Financial Results

  • Revenues were $7.0 million for the three-month period ended March 31, 2018, versus $11.8 million for the four-month period ended March 31, 2017.
  • Net loss was $4.8 million for the current quarter, versus a net income of $0.3 million for the four-month period ended March 31, 2017.
  • Non-IFRS operating loss1 was $1.8 million for the current quarter, compared to an Adjusted EBITDA1 of $0.9 million for the four-month period ended March 31, 2017.

The fourth quarter Non-IFRS operating loss1 increase was mainly attributable to the sales and gross margin decrease after the transaction concluded with Aker BioMarine. The fourth quarter net loss includes derecognition of tax credits of $1.9 million, an income taxes recovery of $1.7 million and an impairment loss on inventories of $0.7 million.

Nutritional High International Inc.

Nutritional High International Inc.  (SPLIF) has agreed to the extension of its previously announced non-binding letter of intent (“LOI”) to acquire a 75% interest in Green Therapeutics LLC, one of the premier innovators and established producer/processors within the cannabis space in the State of Nevada. As per the terms of the extension, the date of termination of the LOI has been extended to June 15th, 2018.

“We remain to consummate this acquisition and are excited about this business venture with Green Therapeutics, as we view this as an opportunity to establish ourselves in the rapidly growing cannabis market of Nevada, and add some key talent to our management team,” said Jim Frazier, CEO of Nutritional High. “Nevada’s cannabis market has seen tremendous growth in the past year and we are excited to introduce Nutritional High’s FLI products to the Nevada market and to further expand Nutritional High’s and our partner’s brands throughout the US.”

Green Spirit Industries Inc.

Green Spirit Industries Inc. (GSRX) announced that it has been issued the requisite establishment license by the Department of Health of Puerto Rico to commence operations of the Company’s second medicinal cannabis dispensary, which is located in Carolina, Puerto Rico.


StaffStaffMay 31, 2018
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8min200

New York, May 31, 2018 /AxisWire/ – KCSA Strategic Communications, an integrated public relations, media relations, social media, and investor relations agency, today announced its Virtual Investor Conference focused on the cannabis industry will take place on Thursday, June 7. Current presenting companies include Aurora Cannabis Inc., Golden Leaf Holdings, iAnthus Capital Holdings, Khiron Life Sciences Corp., Kush Bottles Inc., Medicine Man Technologies, Inc. and Terra Tech Corp.

To register, visit https://tinyurl.com/0618pr

Pre-registration is suggested to save time.  There is no fee for participants to log in, attend live presentations or ask questions.

The event will feature live webcast presentations by senior executives from a range of leading publicly-traded companies operating in various stages of the cannabis industry – including cultivation, commercial activity and provision of support services to the sector. They will discuss their businesses and investment stories and answer questions from investors. Investors will be able to interact directly with the presenters and other participants, as well as watch pre-recorded materials, download annual reports, investor kits, surveys and other information from a virtual “exhibit hall.”

The order of presenting companies is as follows:

Company

Presentation Time

Khiron Life Sciences Corp. (TSXV: KHRN)

10:00am – 10:30am ET

Medicine Man Technologies, Inc. (OTCQB: MDCL)

10:30am – 11:00am ET

Kush Bottles Inc. (OTCQB: KSHB)

11:00am – 11:30am ET

iAnthus Capital Holdings (OTCQB: ITHUF | CSE: IAN)

11:30am – 12:00pm ET

Aurora Cannabis Inc. (OTCQB: ACBFF | TSX: ACB)

12:00pm – 12:30pm ET

Golden Leaf Holdings (OTCQB: GLDFF | CSE: GLH)

12:30pm – 1:00pm ET

Terra Tech Corp. (OTCQX: TRTC)

1:00pm – 1:30pm ET

“The legal cannabis industry is one of the most dynamic and fast growing markets of the past decade. As it continues to evolve we are witnessing several shifts in the market, including increased consolidation in certain territories, adult-use legalization across more and more U.S. states and the anticipated introduction of adult-use sales in Canada later this year. Our presenting companies, which collectively touch every stage of the cannabis supply chain from seed to sale, and have operations across the U.S., Canada, Europe and South America, will discuss these trends, and shed light on their individual strategies to build successful, sustainable cannabis businesses,” said Phil Carlson, Managing Director, KCSA Strategic Communications.

The Cannabis Virtual Investor Conference is made possible by a partnership between KCSA Strategic Communications and VirtualInvestorConferences.com.  Cannabis companies interested in presenting are encouraged to contact Phil Carlson pcarlson@kcsa.com 212-896-1233 to reserve a presentation time.

About KCSA Strategic Communications
KCSA is a fully integrated communications agency specializing in public relations, shareholder communications and social media, with expertise in cannabis, financial and professional services, technology, healthcare, digital media and energy. Since 1969, the firm has demonstrated strategic thinking and program execution that drives results for its clients in the ever-changing communications and digital landscape. The firm’s clients are its best references. For more information, please visit www.kcsa.com or https://www.kcsa-cannabis.com/

 


StaffStaffMay 31, 2018
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9min270

Santa Ana, CA, May 31, 2018 /AxisWire/  Kush Bottles, Inc. (OTCQB: KSHB) (“Kush Bottles” or the “Company”), a leading provider of packaging, suppliesvaporizers, hydrocarbon gases, solvents, accessories and branding solutions for the regulated cannabis industry, today announced it has signed a lease for a new warehouse facility in Las Vegas to meet demand from the consumer market as well as support the current and new businesses entering the industry or expanding operations.

With the 13,000 square foot facility, expected to be operational mid-June, Kush Bottles expects to minimize the time taken to receive and distribute packaging and supplies, streamline its logistics and access more storage space for high-demand products with rapid turnover times, such as exit bags, cartridges, and pre-roll tubes. By opening its first local distribution facility in Las Vegas, the Company aims to become a stronger partner to some of the most advanced cannabis cultivation and retail facilities in the industry, which are located in Nevada. This warehouse will complement the existing Kush Bottles hazmat facility used today to service the Las Vegas and greater Nevada market with a variety of hydrocarbons, in which businesses use to turn cannabis plants into oils.

“The new Las Vegas facility will further solidify Kush Bottles’ commitment to the city’s thriving, local cannabis community and strengthen our own mission to be the go-to partner for cannabis companies as they scale their operations,” said Kush Bottles CEO Nick Kovacevich. “The fluctuating demand from the tourism and organic growth in the cannabis market means that a lot of our partners are having a difficult time forecasting their packaging and supply needs. By having a local facility, we give our clients the added flexibility of faster delivery as well as offering on-site pick up if that’s what their business dictates.”

As one of the busiest tourist destinations in the country, people from all over the world are being exposed to cannabis, sometimes for the very first time, through Las Vegas dispensaries. With consumer demand at an all-time high in Las Vegas, retailers in the state have already sold nearly $200 million in cannabis in the first six months after the legalization of its adult-use cannabis sales, fueled by both tourists and locals. ¹

To be added to the distribution list, please email ir@kushbottles.com with “Kush” in the subject line.

References

¹ “McVey, E.” Tourism drives hot start to recreational marijuana sales in Nevada, but where’s the ceiling?” Marijuana Business Daily. Retrieved May 29th, 2018 from https://mjbizdaily.com/chart-tourism-drives-hot-start-recreational-marijuana-sales-nevada-wheres-ceiling/

###

About Kush Bottles

Kush Bottles, Inc. (OTCQB: KSHB) is a dynamic sales platform that provides unique products and services for both businesses and consumers in the cannabis industry. Founded in 2010 as a packaging and supplies company for dispensaries and growers, Kush Bottles has sold more than 1 billion units and now regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The Company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market.

Kush Bottles aims to be the gold standard for responsible and compliant products and services in the cannabis industry. Kush Bottles has no direct involvement with the cannabis plant or any products that contain THC.

The Company has been featured in media nationwide, including CNBCLos Angeles TimesTheStreet.comEntrepreneur, and business magazine Inc.

For more information, visit www.kushbottles.com or call (888)-920-5874.

Forward-Looking Statements

This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: “potential,” “expect,” “look forward,” “believe,” “dedicated,” “building,” or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC), available at: www.sec.gov, and on the Company’s website, at: www.kushbottles.com.

Kush Bottles Contacts

Media Contact:
Anne Donohoe / Nick Opich
KCSA Strategic Communications
212-896-1265 / 212-896-1206
adonohoe@kcsa.com / nopich@kcsa.com

Investor Contact:
Phil Carlson / Elizabeth Barker
KCSA Strategic Communications
212-896-1233 / 212-896-1203
ir@kushbottles.com

 


StaffStaffMay 30, 2018
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6min1060

It’s time for your Daily Hit of cannabis News for May 30, 2018.

On The Site

MedMen Enterprises 

Trading for MedMen Enterprises (MMEN) has got off to a rocky start. The much-touted first “unicorn” of cannabis began selling shares following a reverse takeover on Tuesday at the Canadian Stock Exchange. The shares were valued at C$5.63, but on the first day of trading, the prices slipped to C$4.95. The stock was lately trading at C$4.65, slipping another 6%.

Matters weren’t helped when a story from Equity Guru was published the day before the stock began trading.  The story did not mince words and said, “This MedMen deal is rank AF.” Readers should probably know what the AF stands for.

Canopy Growth Corporation 

Canopy Growth Corporation (WEED) is staking a claim in the African medical cannabis market. On May 30, 2018, the company announced that it has acquired Daddy Cann Lesotho PTY Ltd., which trades under the name Highlands.

Highlands is located in the Kingdom of Lesotho, which recently legalized medical cannabis in 2017. Geographically surrounded by South Africa, Lesotho is part of what is known as the “Dagga Belt,” which is a region known for its prolific cannabis production. Dagga is a term used in South Africa for cannabis. Under the agreement, Canopy will issue a total of 999,643 shares of the company to Highlands’ sole shareholder, at a price of approximately $28.76 per share. The sum value of the deal is estimated to be approximately $28.8 million.

In Other News

Sunniva Inc.

Sunniva Inc. (OTCQX: SNNVF) released its financial results and management’s discussion and analysis for the three months ended March 31, 2018. During the period ended March 31, 2018, the Company generated $5.2 million in revenue from its two subsidiaries, Natural Health Service Ltd. and FSD, which contributed $2.7 million and $2.5 million, respectively. Net loss for the period ended March 31, 2018, was $6.,3 million as compared to $1.0 million during the period ended March 31, 2017. The key components contributing to the change in net loss from the three months ended March 31, 2018, compared to the three months ended March 31, 2017, comprise the following:

Revenue increased from $2.4 million to $5.2 million due to NHS and FSD being acquired mid-way through the comparative period ended March 31, 2017, and stronger Q1 2018 results from FSD. Costs of goods sold increased from $1.2 million to $3.1 million resulting from the increase in revenue.

NeutriSci International Inc.

NeutriSci International Inc.  (OTCQB: NRXCF) and Nutritional High International Inc.  (OTCQB: SPLIF)  are entering into a binding Memorandum of Understanding to develop, manufacture and distribute THC and CBD infused sublingual tablets utilizing NeutriSci’s patent-pending technology, proprietary ingredients, and formulations.

The tablets will combine the benefits of NeutriSci and Nutritional High’s existing technologies and ingredient mixes.  The tablets will be quick dissolving and will offer a measured dose of pure THC or CBD oil, combined with the powerful bio-availability & antioxidant properties of pterostilbene. The tablets will be flavored and optimized for efficacy and taste with zero-sugar.  Initial manufacturing will be carried out in Nutritional High’s manufacturing facilities in Sacramento, California and Green Therapeutics LLC facilities in Las Vegas, Nevada, with sales and distribution expected to begin in Q3-2018.

Bloom Farms

Bloom Farms, one of California’s leading manufacturers and distributors of high quality cannabis products, has launched its line of vape pen sets and refill cartridges in the Nevada market.  This is the first market the Company’s products are available outside BLOOM FARMS’ home market of California and the first step in its plan to expand into multiple legal cannabis markets.

Bloom Farms vape pens and cartridges’ are among the best selling pens and oil cartridges in California where customers choose them because they can vaporize at a low, consistent temperature for better flavor and a safer experience.

Food Stuff

Jade & Jane

Cannabis cupcake company, Jade & Jane, broadens consumer’s choices in the edibles market with the recent introduction of single serving, recreational 10mg THC-infused cupcakes. Jade & Jane’s products are available to retail customers through licensed Colorado recreational dispensaries. Wholesale dispensary customers may contact Jade & Jane to place orders. Ordering through LeafLink is coming soon.

Azuca

Ron Silver, Chef and Owner of popular New York City brunch destination Bubby’s, today announced the launch of Azuca, a line of fast-acting cannabis edibles and ingredients made from chef-quality, all-natural ingredients. The product suite—which leverages first-of-its-kind, patent-pending technology—will fill the cannabis industry’s demand for a trustworthy edible product that offers a fast-acting, consistent effect.


StaffStaffMay 22, 2018
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5min3911

The cannabis industry took a big leap towards the mainstream earlier this month with the official launch of the world’s first cannabis focused communications firm, AxisWire.

Founded by a seasoned team of cannabis professionals, AxisWire was created in response to the severe lack of access to basic business services that many entrepreneurs take for granted.

Although cannabis is legal in some shape or form in more than half of the United States, many newswire services and public relations firms have refused to do business with anyone associated with the cannabis industry; due primarily to the substance’s Schedule I status and fears of federal interference.

Despite the lack of access, the cannabis industry has flourished nonetheless. According to a report by ArcView Market Research and BDS Analytics, the economic impact of the cannabis industry is expected to grow to $40 billion by 2021, leaving plenty of room for savvy operators to fill the void left by traditional communications firms.

“The cannabis industry is on the brink and ripe for a platform that will provide the infrastructure for all cannabis businesses, journalists and PR representatives to be able to access one another and exchange their news,” commented AxisWire founder and CEO, Cynthia Salarizadeh. “After two years of development, our team is confident that AxisWire will stand at the center of all things media for cannabis.”

Conceived of as a one-stop-shop for the cannabis businesses to grow their brand, AxisWire offers a variety PR and marketing tools, like its  STAR (Submit To A Reporter) source locator subscription service. With STAR, entrepreneurs hoping to grow their cannabis brand can get connected with journalists looking for expert sources for a small fee.   

One of the most powerful tools in AxisWire’s employ is its newswire service. Cannabis brands signed up with AxisWire can have their press releases distributed to over 1,700 targeted journalists and producers at industry specific publications as well as hundreds of publications like Forbes, The Washington Post, CNN, TIME, Business Insider, and VICE. In addition to distributing press releases, AxisWire also offers a service to write them as well.

But it’s not just as simple as sending out a press release and hoping for the best. In many states, like Washington, there is a myriad of confusing rules and regulations regarding cannabis advertising. To help assist their users stay compliant with state law, AxisWire has partnered with the cannabis compliance firm CannaRegs to offer discounted compliance consultations.

In addition to compliance, AxisWire also offers media consultancy services where businesses can learn how to maximize their marketing strategies and increase brand awareness. Led by Evan Nison, the company’s Chief Public Relations Officer and founder of the PR firm Nison Co., AxisWire’s media consultancy team is backed by some of the best PR and marketing minds in the business; with experience ranging from Fortune 500 Companies to small businesses.

In a statement, AxisWire Chief Marketing Officer of AxisWire and Founder of Wick & Mortar, Jared Mirsky, said that the creation of of AxisWire was a no-brainer and expressed excitement at bringing the new platform online.

“It only makes sense that something like this should exist, especially given the fact most traditional marketing methods aren’t so traditional for the cannabis industry,” explained Jared Mirsky Chief Marketing Officer of AxisWire and Founder & CEO of Wick & Mortar. “We are forced to be even more creative in our approach and often rely on so-called ‘cannabis marketers’ to help move our brands. I am extremely excited to bring this platform to the forefront for my clients and the industry, and proud to be part of this new venture with AxisWire and our team of cannabis industry leaders.”

 


StaffStaffMay 21, 2018
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6min1570

It’s time for your Daily Hit of cannabis financial news for May 21, 2018.

On The Site

Alliance One International, Inc.

Alliance One International, Inc. (AOI)  said that its Canadian Prince Edward Island-based indirect subsidiary, Canada’s Island Garden, will undergo a significant expansion to support the growth of its Canadian cannabis line. Canada’s Island Garden is Prince Edward Island’s only federally licensed producer of cannabis. This expansion will increase Canada’s Island Garden’s production capacity to an excess of 35,000 kilograms.

In Other News

Evio Inc.

Cannabis testing company EVIO Inc.  (EVIO), announced that it has executed a long-term lease for a 2,700 square foot facility in Los Angeles, California to provide its accredited analytical testing services to the Southern California cannabis market.

Located in the heart of Los Angeles in the Mission Junction District, the new facility is strategically positioned to serve the largest marketplace in the United States.  According to Forbes, Los Angeles was accountable for over 40% of the state’s medical cannabis revenue.  With about over 10 million people in Los Angeles County, the market potential for medical and recreational cannabis can surpass entire states like Colorado and Washington.  Due to California’s July 1st testing deadline mandating licensed retailers to sell the only lab tested product, the company is expecting a significant uptick in the need for testing services. There is a high concentration of distributors planned to operate in the city. This would make L.A. home to the greatest number of legal MMJ and adult-use cannabis businesses of any municipality in the country.

Invictus MD Strategies Corp.

Invictus MD Strategies (IVITF) announced that Acreage Pharms Ltd. has received its sales license from Health Canada pursuant to the Access to Cannabis for Medical Purposes Regulations (ACMPR) effective May 18, 2018.

Dan Kriznic, Invictus Chairman, and CEO commented, “We are thrilled to have obtained our sales license from Health Canada. This is the crowning milestone in our licensing journey for Invictus, as we march towards fulfilling capacity goals during this historic and important year for Canada’s cannabis industry. We started this company in 2014 with the intention of becoming Canada’s Cannabis Company. With the granting of Acreage Pharms’ sales license and the completion of the Phase 2 structure at Acreage Pharms, two key milestones in the drive towards that intent now have been achieved. This dramatically advances our timeline for increasing our annual run-rate production capacity at our current 39,600 square foot facilities and construction plan for the 80,000 square foot Phase 3 to be completed by September 2018 in time for the adult-use market.”

NuvusGro Corp.

Cannabis software company NuvusGro Corp. (NUVG), announced that it has been contracted by Infrax Systems (IFXY) to develop and manufacture Mobile Mining Unit (MOMU) using its Grow.Droid Enterprise Technology to mine Bitcoin, Ether, BCH, and Altcoins. Grow.Droid technology has been used to develop and manufacture sophisticated container based grow systems.

MoMu is a mobile container-based computer mining operation that can be easily transported from site to site. Just plug into power, connect to the internet via satellite and start mining cryptos. A completely self-contained unit ready to house and operate 128 to 164 GPUs or Asics. The Nuvus Mobile Mining Unit is constructed from a 20-foot shipping container and comes attached to a sturdy trailer base which can be towed via most pickup trucks and larger SUVs. This self-contained unit has everything needed to start mining operations, just add preferred mining computers and equipment.

GrowGeneration Corp.

GrowGeneration Corp. (GRWG) hired Yoshi Sakashita to the position of Vice-President of GrowGen Management Corp. GrowGen is focused exclusively on providing product driven solutions, that lower costs and increases the efficiencies for large commercial cultivation operations.

Cannidex Brands

Cannidex Brands signed an exclusive license agreement with Alternative Solutions, Washington, DC’s premier cannabis cultivator.  The agreement allows Alternative Solutions to manufacture CANNIDEX+ and distribute the product to all licensed Washington, DC dispensaries.

“We couldn’t be more excited to be working with the exceptional team at Alternative Solutions,” said Scott Gerhardt with Cannidex Brands.  “We had the incredible opportunity to come to Washington and tour several dispensaries, and are pleased to be collaborating with Alternative Solutions to bring CANNIDEX+ to this wonderful and thriving community.”

 


StaffStaffMay 18, 2018
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4min1430

It’s time for your Daily Hit of cannabis financial news for May 18, 2018:

On The Site:

Eaze

The cannabis technology company Eaze finds itself in legal jeopardy as a class action lawsuit has been filed alleging that the company violated the Telephone Consumer Protection Act (TCPA) of 1991 by sending out unsolicited marketing text messages en masse various individuals across the country.

The lawsuit was filed by Farrah Williams and reported in MJ Biz Daily, who alleges that between September 2017 through the present she received dozens of unsolicited texts messages from Eaze. Williams’ suit claims that Eaze contacted her through the use of an autodialer and that the same had happened to countless others. The case also mentions the technology provided by (among other agents or affiliates) a company called Bitesize, which was founded and is operated by an individual named Jessica Lee. As restitution Williams is seeking an injunction prohibiting Eaze from committing any further violation of the TCPA, $2000 for herself and each member of the lawsuit for each and every text message that violated the TCPA, and payment of attorneys’ fees and costs.

In Other News

The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (TGODF) announced that on May 9, 201,8 its facility based in Ancaster, Ontario received organic certification from Ecocert Canada, an internationally recognized world-leading organization in organic certification.

“This is another step in TGOD’s planned expansion to be the world’s largest branded organic cannabis company. Consumers world-wide are interested in quality products and TGOD will continue to strive to provide the highest quality organic product that complements the natural product preferences of today’s consumer,” said Mr. Robert Anderson, Co-Chairman and CEO.

Marapharm Ventures Inc.

Marapharm Ventures Inc. (MRPHF) announced today that it intends to proceed with a non-brokered private placement of up to 6,666,667 Units at CDN $0.60 per Unit to raise gross proceeds of up to $4,000,000. The Unit will consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant of the Company (each whole warrant, a “Warrant”).  Each warrant entitles the holder thereof to purchase one Common Share of the Company at an exercise price of $0.70 for a period of 12 months from the date of issuance of the warrant.

Cronos Group

Cronos Group Inc. (CRON) announced that it has appointed Jim Rudyk as lead director and has entered into an engagement agreement to retain Athena Advisors LLC as its agency of record for investor relations and corporate communications.



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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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