AxisWire Archives - Green Market Report

StaffStaffFebruary 21, 2019
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6min190

Acquisition of Real Estate, Facilities and Infrastructure for Two Active Grows and Five Colorado Medical Cannabis Dispensaries

COLORADO SPRINGS, Colo., Feb. 21, 2019 /AxisWire/  Covalent   Collective, Inc., a burgeoning network of vertically integrated cannabis-centric enterprises, announces today the completion of its first acquisition, internally referred to as the “Colorado 16”, which includes ownership of the real estate that leases multiple medical marijuana cultivations, production and five Colorado medical cannabis dispensaries.  The operators of Colorado 16 are among the most experienced in the cannabis industry and bring to bear more than ten years of experience in the production, extraction and distribution of cannabis products. Terms of the transaction were not disclosed.

“The acquisition of Colorado 16 will form the foundation of Covalent’s vertically integrated operating platform. Our long-term strategy is to enhance and strengthen our platform and significantly expand it throughout the US, which includes plans to develop over one-million square feet of cultivation capacity. We look forward to continuing to share our progress on our various business initiatives with investors in the months ahead,” commented Mr. Bill Gregorak, CEO of Covalent Collective.

Colorado 16’s proprietary cultivation processes have resulted in consistently high-quality production and amongst the industry’s lowest cost of production.  A next generation production facility is currently scheduled to be completed in 2019 and is expected to measurably improve yield and quality consistency.  Hydroponics Depot, the largest supplier of canna agricultural supplies in Arizona, which is included in the Colorado 16 acquisition, will further help reduce the overall cost of production while capitalizing on the growth of both commercial and home cultivation operations in the AZ market.

About Covalent Collective:

 

Covalent Collective, Inc. is a British Columbia, Canada company founded in 2014 and headquartered in Colorado Springs, CO. The Company is building a diverse network of vertically integrated cannabis-centric enterprises that span the entirety of the legal cannabis and hemp industries. With a vision to build the largest grow capacity in the U.S., Covalent Collective’s mission is to create stronger bonds throughout the greater cannabis community through the execution of a strategic acquisition and joint venture strategy that is strategically positioned to support eventual federal legalization in the United States. For more information, please visit https://covalentcannabis.com.  

 

Cautionary Note Regarding Forward-Looking Statements:


This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward- looking information” within the meaning of Canadian securities laws, or collectively, forward-looking statements. Forward-looking statements in this press release may be identified by the use of words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and other similar expressions, including statements with respect to the Company’s rebranding and acquisition strategies. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment and future approvals and permits. Actual results, performance or achievements could differ materially from those expressed in, or implied by, any forward-looking statements in this press release, and readers should not place undue reliance on any such forward-looking statements since they are not guarantees of future results. The Company does not undertake and specifically declines any obligation to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.

 

Media Contacts:

Nick Opich / Cynthia Salarizadeh

KCSA Strategic Communications

212-896-1206 / (856) 425-6160

nopich@kcsa.com / cynthia@kcsa.com

 

Investor Contact:

David Hanover

KCSA Strategic Communications

212-896-1220

dhanover@kcsa.com

 

Richard Kaiser

Covalent Collective, Inc.

rkaiser@covalentcannabis.com

757-306-6090

 


StaffStaffFebruary 20, 2019
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3min340

Vertically Integrated Cannabis Operator to Enter its Fourth State on East Coast

February 20, 2019 – BOSTON, MA /AxisWire/ Ascend Wellness Holdings (AWH), a multi-state, vertically integrated cannabis operator, today announced that the company secured $37 million in a bridge round of preferred equity and $18 million in a senior secured cultivation note. The $55 million in raised funds will be used to build out market leading operations in Massachusetts, as well as the continued expansion in limited license cannabis markets.

AWH is entering Ohio through an agreement to purchase a tier II cultivation license. It is also in advanced discussions for dispensary licenses. Ohio allowed medical cannabis use in January, and marks AWH’s fourth market. AWH will provide care to Ohio residents for different approved medical conditions, solidifying its commitments to limited license markets.

The capital will also fund construction of AWH’s adult-use flagship store. Located near the famed Faneuil Hall, the five-story building will be the first of its kind to operate within a major East Coast city. During the planning phase, the 16,000-square foot project garnered widespread support among the Boston community and state leaders. AWH is also building a 9.5 acre cannabis cultivation facility, called MassGrow. Located in Athol, Massachusetts, the campus is expected to produce 15 million grams of cannabis annually.

“AWH is excited to close on funding that will allow us to build out our market leading Massachusetts operations and to enter the newly legalized Ohio market,” said AWH Founder and CEO, Abner Kurtin. “We expect to be operating in all four of our markets by the end of 2019.”

This latest round of funding comes at a time when several Eastern states have legalized cannabis. AWH operates and has assets in Massachusetts, Illinois, Michigan and Ohio, an addressable cannabis market of over 40 million people. In its first year, AWH closed over $100 million of total capital, making it among the more well-funded consolidators in the space as it seeks opportunities to expand into other key markets.

For more information about AWH visit www.ascendwellness.com

About AWH AWH is a vertically integrated cannabis company operating in Massachusetts, Illinois, Michigan and Ohio. AWH is redefining the cannabis retail experience, offering a customer-centric environment and a curated selection of products with effect-based categorization. AWH will also operate a large-scale indoor cultivation facility in Massachusetts.

 


StaffStaffFebruary 20, 2019
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4min360
The #1 cannabis topical brand in CA receives award for Excellence in Technology,
Infused Products and Extractions

Boston — February 20, 2019 /AxisWire/ Papa & Barkley, a nationally recognized cannabis wellness products company, received an award for Excellence in Technology, Infused Products and Extractions at the National Cannabis Industry Association (NCIA) Awards in Boston.

CEO & Founder Adam Grossman accepted the award at NCIA’s Seed-to-Sale Show. “I’m so proud of our team at Papa & Barkley for their dedication to developing new extraction methods and the highest quality products,” said Grossman. “This award recognizes our commitment to innovation and focus on efficacy.”

Papa & Barkley is a proud team of caregivers, scientists and professionals on a mission to unlock the power of cannabis to improve people’s lives. Starting with its Releaf Balm, a product that was created in Adam’s kitchen to help his ailing father, the company has since created an award winning suite of highly effective pain and wellness products.

Located in Eureka, California, Papa & Barkley has developed a proprietary whole-plant infusion process, including a first-of-its-kind large-scale, solventless infusion vessel. All Papa & Barkley products are produced using whole-plant, solvent-free processes, meaning chemicals are never introduced, there are never any distitalltes added, and terpenes are never re-introduced. This technology captures the full cannabinoid profile including all of the phytonutrients and terpenes naturally found in the cannabis plant, that work together to maximize health benefits.

For more information about Papa & Barkley and its award winning technology, please visit www.papaandbarkley.com.

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About NCIA

Founded in 2017, NCIA’s Industry Excellence Awards were developed to recognize the trailblazing individuals and companies driving the growth and elevation of the cannabis industry. Determined by nominations and votes from NCIA members, NCIA’s Industry Excellence Awards are given to members in each of the following categories of Cultivation, Infused Products and Extractions, and Business Strategies and Innovation.

About Papa & Barkley

Papa & Barkley is a premium wellness brand that creates highly effective, natural products that unlock the healing power of the cannabis plant to improve people’s lives. All of our products are made with sun-grown cannabis flowers and are produced in our licensed, state-of-the-art manufacturing facility, located in Humboldt County, California.

Founded by caring for the ones we love, we are a team of scientists, caregivers and advocates who are committed to producing safe and reliable products using the whole plant. Our products are 100% solvent free and are offered in THC-rich and CBD-rich ratios, to address a variety of conditions. To learn more about us please visit http://www.papaandbarkley.com/.


StaffStaffFebruary 20, 2019
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12min230

LAFAYETTE, Colo., Feb. 20, 2019  /AxisWire/ urban-gro, Inc, a leading agricultural solution and technology company that works with commercial cannabis cultivators around the world, was awarded NCIA’s “Excellence in Innovation Award” in Cultivation at the 2019 National Cannabis Industry Association Seed to Sale Show. The event and ceremony were held at the Hynes Convention Center in Boston, Massachusetts on February 13.

urban-gro was carefully selected for its high-performance cultivation systems that help commercial cultivators grow quality cannabis, improve crop consistency, and advance overall operational efficiencies. Award recipients were evaluated by NCIA members based on innovative best practices, science, and cutting-edge technology surrounding the whole life cycle of the cannabis plant from cultivation through sale in a regulated market.

“This award is a testament to our commitment to providing commercial cannabis cultivators with high-performance agricultural solutions and the most advanced technology in the industry. NCIA continues to lead the charge for advocacy and advancement of this industry. It is an honor to be recognized among this influential group of companies,” said Brad Nattrass, CEO of urban-gro.

Award nominees are presented to current NCIA members for voting in each category. Categories include: Cultivation, Infused Products and Extractions, and Business Strategies and Innovation. Winners represent businesses that have disrupted and advanced the industry by bringing an innovative idea to life.

ABOUT URBAN-GRO

urban-gro is a leading systems integrator and agriculture technology firm focused on serving commercial cultivators around the world. The company’s ag tech division, Soleil Technologies, delivers data-driven micro climate intelligence using high-density sense and control technology to improve crop quality, consistency, and operational efficacies. urban-gro helps cultivators achieve sustainable scalability via innovative solutions that drive down costs, increase economic yield and reduce environmental impact.  By combining its design and integration services, industry-leading suite of cultivation equipment and crop management products, and proprietary technology solutions, urban-gro provides integrated solutions for today’s commercial cannabis cultivators to efficiently manage and optimize their cultivation operations.  urban-gro is recognized as one of the cannabis industry’s fastest growing systems integration and agricultural technology companies. Visit www.urban-gro.com and soleiltech.ag to learn more. Follow us on InstagramFacebookTwitter and LinkedIn.

Safe Harbor Statement

This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by us with the U.S. Securities and Exchange Commission (SEC).  Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, we not be able to sustain growth or achieve profitability based upon many factors including, but not limited to, general market conditions. Reference is hereby made to cautionary statements set forth in our most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term.  Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time.

For media inquiries, please contact:

Press Contacts:
McKenna Miller
KCSA Strategic Communications
mmiller@kcsa.com
786-390-2644 / 347-487-6197


StaffStaffFebruary 20, 2019
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7min110

German based pharma startup Cansativa to see investment

New York – February 20, 2019 /AxisWire/ Northern Swan Holdings, Inc. (“Northern Swan”), a New-York based holding company focused on the medical cannabis industry, has structured an investment of approximately $8 million in Cansativa GmbH (“Cansativa”), a German cannabis distribution and wholesaling company, in order to further accelerate the growth of Cansativa and its integration into the wider European market.

Cansativa will use the Northern Swan investment to expand its current facilities to become a “EU GxP Innovation Hub” and fulfillment center for medical cannabis to Germany, Europe’s largest country with more than 80 million residents and a potential $5 Billion annual market.

“Unlike most of our competitors, Cansativa operates as a vertically integrated medical cannabis company independent of third-party contractors.  Ever since we started the company, we’ve been moving our products through our own warehouse on a daily basis, and we plan to implement each additional process on our own as well,” says Jakob Sons, co-founder and joint Managing Director of Cansativa along with Benedikt Sons.

“Germany offers one of the largest legal medical cannabis consumer markets in the EU, with the patient population growing at a steady rate – there are already nearly 50,000 registered patients. Domestic supply and production are severely restricted, which creates substantial need for importing flower and oil products. Of all the markets in the EU, Germany is arguably the most attractive from a distribution standpoint,” said Kyle Detwiler, CEO of Northern Swan.

Northern Swan brings much more than capital to the table, including industry expertise, technical know-how, robust professional networks, and synergistic portfolio companies in the medical cannabis industry. For example, Clever Leaves, a subsidiary of Northern Swan and a leading vertically-integrated Colombian licensed producer of pharmaceutical-grade medical cannabis, will initially be Cansativa’s exclusive Latin American partner and supplier. Cansativa and Northern Swan are finalizing a binding off-take agreement with a term of five years, whereby Clever Leaves will receive Most Favored Nations pricing, and guaranteed acceptance of its products from Cansativa.

The funds from this investment will also accelerate the development of the European medical cannabis industry with the expansion of Cansativa’s Frankfurt facility. The new site will serve as an EU hub for the growing industry, providing pharmaceutical companies from all over the world access to the rapidly growing European market. Cansativa is poised to lend its support as a reliable, independent full-service GxP partner.

“We are confident that Cansativa is an ideal partner to develop the European market for medicinal cannabis sourced from Colombia and around the world,” said Detwiler.

Northern Swan

Northern Swan is an investment firm focused on transformative investments in the international cannabis industry in geographies where the sector is federally legal. With offices in New York, Toronto, Bogota, and Frankfurt, Northern Swan invests in and assists emerging companies develop low-cost production capacity and distribution capabilities to improve distribution globally and generate brand value. Prior to founding Northern Swan, its management team has collectively invested in excess of $3 billion of capital at Blackstone, KKR, and Och-Ziff.

Cansativa

Founded in 2017, Cansativa is a GDP-certified pharmaceutical wholesaler licensed for trade in controlled substances and headquartered in Frankfurt am Main, Germany. Cansativa is committed to the goal of professionalizing the medical cannabis market, eliminating stigmatization surrounding it, and reducing prices for patients.

Since the very beginning, Cansativa has operated its own distribution and fulfillment center, and as one of the “first movers” in the industry, it has become one of the largest importers and distributors of medical cannabis in Germany. From its location in Frankfurt am Main, the company supplies pharmacies and pharmaceutical wholesalers throughout Germany.

Cansativa’s founding team is able to build upon two generations of expertise in the fields of medicine, law, and strategy.

Forward Looking Information

This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, the Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors.

 

Media Contact:

United States:

Gretchen Gailey

KCSA Strategic Communications

+1 347-487-6186

ggailey@kcsa.com

 

Cansativa:

Jakob Sons or Benedikt Sons, co-Founders

info@cansativa.de

 


StaffStaffFebruary 19, 2019
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4min280

JACKSONVILLE, Fla., February 19, 2019/AxisWire/ – Athletes for CARE (A4C), announced today that it has hired Christina Michael as its Director of Canadian Activation. Founded by former professional athletes, Athletes for CARE is empowering legendary athletes from every sport to use their influence to improve global standards of health, safety and quality of life.

Specializing in business solutions, Ms. Michael is skilled at building large-scale corporate projects and helping ensure that companies are ready to navigate and explore growth possibilities. Passionate about health and wellness, Ms. Michael spends much of her personal and professional time educating individuals about the benefits of living a healthy lifestyle.

In recent years, that passion has led Ms. Michael from traditional wellness circles to the cannabis industry, where she has become a vocal advocate for legally and responsibly integrating cannabis and CBD into a healthy lifestyle.  

“Athletes for CARE is excited to welcome Christina to our growing team. Her skills, passion and experience are key to helping us achieve our goals,” said Anna Valent, Executive Director, Athletes for CARE. “We understand that health, wellness and safety in sports are global issues that affect athletes of all ages and we are excited to have this opportunity to expand the advocacy, research and education services we provide throughout North America.”

Sitting on the Forum for Women Entrepreneurs, Ms. Michael helps mentor aspiring young entrepreneurs. She also provides mentorship for Covenant House, a non-profit organization that supports young people struggling with issues such as homelessness and adversities.

As the owner of Full Circle Enterprises Inc., Ms. Michael has helped clients both in and outside of the cannabis industry with business development, strategic partnerships, project management, and mentorship. In her new role as A4C’s Director of Canadian Activation, Ms. Michael hopes to bring these skills to the forefront as she helps A4C expand its presence throughout North America.

“We are very excited to have Christina join the Athletes for CARE team,” added Riley Cote, former NHL Philadelphia Flyers enforcer and Athletes for CARE co-founder. “Christina has all the key ingredients to lead the Canadian division to accomplish its short- and long-term goals,”


About Athletes for CARE
Athletes for CARE (A4C) is a not-for-profit organization launched in 2016 by passionate retired professional athletes who recognized the need to advocate for the health, safety and wellness of the more than 2 billion people of all ages who compete annually in sanctioned sports globally. Through that advocacy, we are improving health and wellness options for the billions of people around the world living with mental and physical illnesses including chronic pain, depression, anxiety, PTSD, CTE, TBI, substance abuse and opioid dependency. For more information, please visit athletesforcare.org.

Media Contact:
Cynthia Salarizadeh
KCSA Strategic Communications
Cynthia@kcsa.com


StaffStaffFebruary 12, 2019
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5min720

The First Cannabis Focused Tech Company to Move Beyond The Industry

Denver, CO – February 12, 2019 – Cannaregs, Inc. the leading web-based data technology platform providing up-to-date access to comprehensive cannabis-related legal data including rules and regulations from municipal, county, state and federal sources, has just announced the completion of a $2 million capital raise  to expand services and features nationally as well as beyond cannabis under the umbrella of Regs Technology (RegsTech).

RegsTechplans to deploy the capital strategically expanding its CannaRegs platform to enable the Company to scale nationally and expand its data platform beyond cannabis into other highly regulated hyper-local industries like shared transportation, electric and autonomous vehicles and emerging mobile telecom technologies.

“We’ve built a terrific set of advanced data services for our CannaRegs subscribers and are proud to be working with the best companies in the cannabis industry.” explained Founder and CEO Amanda Ostrowitz. “With this infusion of capital we’re confident that we will take RegsTech to the next level.”

Lead investors include Phyto Partnersand Panther Opportunity Fundalong with other high profile tech and cannabis VC investment. “By simplifying local legal search, Cannaregs helps all industry participants understand and comply with the laws saving time money and potential regulatory scrutiny.” said Larry Schnurmacher managing partner of Phyto.  “As the cannabis economy continues to expand to more states, the need for this type of legal resource grows and we think cannaregs will capture that market.” said Larry Schnurmacher, Managing Partner of Phyto Partners.

“We are excited to be investing in RegsTech after following Amanda Ostrowitz over the last two years and seeing her grow her team and company to be the leading provider of local compliance and regulatory tracking software, stated Jordan Tritt, Principal at Panther Opportunity Fund. “Amanda and her team are very well respected among cannabis operators, consultants and government entities, and this capital raise will allow RegsTech to expand its reach within the cannabis industry as well as other highly regulated and localized industries.”

CannaRegs is regarded as the most trusted resource for cannabis regulatory and policy  information. With over 500 users comprised of cannabis companies (e.g. Cresco, Kiva Confections, Caliva, Canndescent), law firms (Akerman, Thompson Coburn, Buchalter), governments (San Francisco, Sacramento, Mendocino County), consultants (3C Consulting, Green Wise Consulting, Muniservices), Real Estate Professionals (Kidder Matthews) and various other ancillary providers (Eaze, Hawthorne Gardening), its reach is far broader than the typical law firm audience of most legal tech platforms.

This capital raise ensures that CannaRegs is now able to offer even more information, new features, and enhanced user experience, while expanding nationally and with an eventual launch of additional Regs Techportals.

The next portal on the horizon for RegsTech is TransitRegs which will cover autonomous vehicles, electric vehicles and charge stations, app-based ride share, scooters, dockles bicycles and robotic deliveries.

About Regs Technology:

Regs Technology is a legal technology platform for highly regulated industries that are hyper-localized in nature. Its first product offering, CannaRegs, is a subscription platform that enables cannabis operators, law firms, investors, real estate professionals, consultants, and Governments to track cannabis regulation and policy, in real-time, providing users with critical information they need to make strategic business decisions, identify new opportunities and maintain compliance in an ever-evolving regulatory landscape. CannaRegs currently provides comprehensive cannabis laws for the states of California, Colorado, Florida, New Jersey, Nevada, Massachusetts, Michigan, Illinois, Ohio, New York, Missouri, and Pennsylvania to be followed by all other states that permit medical and/or recreational marijuana. For more information visit www.cannaregs.com.

 


StaffStaffFebruary 6, 2019
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3min1250

Infused Products Manufacturer Leverages Contacts & Experience
in fast-growing Cannabis Industry

Santa Rosa, Ca. – Feb. 6, 2019 /AxisWire/ The cannabis industry is growing at an accelerated rate and the opportunities are vast for financing groups to partner with top talent who have history, strong connectivity, and credibility in the space. The Galley and QVI Inc. have the leadership and skillset to make remarkable strides in manufacturing. The company is pleased to announce secured financing with FinCanna Capital Corp.(CSE:CALI) (OTCQB:FNNZF) a royalty company for the U.S. licensed cannabis industry headquartered in Vancouver, Canada.

QVI (which stands for the company’s core values of Quality Value Integrity) is strategically located in Sonoma, California, between the famed Emerald Triangle and the greater San Francisco Bay Area. QVI is currently refitting an 8,300 square foot facility in Santa Rosa, CA with dedicated space for a large-scale commercial kitchen to produce baked goods, chocolate products, and a hard candy and gummy line. The facility will also have a designated area for contract manufacturing of additional products including topicals and tinctures, vapes, pre-rolls, beverages, flower assembly, and packaging services.

QVI’s immediate goal is to become the premier contract manufacturer in California, the largest single market in North America. Their customer base will include legacy companies already on dispensary shelves, new entrepreneurs with creative IP, and out-of-state brands looking to enter the California market. Additionally, The Galley will produce their own branded product line called, “Big Fish Edibles”.

The principals’ of QVI have decades of award-winning edibles manufacturing and food production experience in California. Co-Founder, President, and CEO Gina Pippin has 23 years of business and financial management with decades of experience in efficient production management and food safety. Co-Founder Annie Holman’s career includes 25 years in marketing and media. She is the former owner of California-based Derby Bakery Cannabis Edibles that produced high-end, award-winning products, and won several “Emerald Cup – Best Edibles” honors and both first and second place prizes from the “Edibles List – Best of Awards.”

QVI is currently executing a three-phase development program to culminate with full commercial operation expected in April 2019.

CEO Gina Pippin states, “We are excited to be in the portfolio family of FinCanna Capital and feel they are an amazing fit for helping us look to the future of the development of products from Sonoma and beyond”

Media Relations:
Gaynell Rogers.
415.298.1114
gaynellrogers@gmail.com


StaffStaffFebruary 5, 2019
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6min840

Cannabis Stocks Follow Broader Market Selloff As Q4 Index Falls 33%

New York City – February 5, 2018 /AxisWire/ The Green Market Report (GMR), the cannabis industry’s most trusted source for credible in-depth financial and economic reporting, today released its 2018 Cannabis Company Index Q4 Summary Report. The report can be downloaded at GreenMarketReport.com/Reports.

The GMR Index follows the trading activity of 30 selected public cannabis companies that denote market dominance. After rising 56% in the third quarter, on a plethora of good news, the Index plunged 33% along with the broader market in general which saw stocks give back most of the year’s gains. The S&P 500 fell 13.9%, while the Horizons Marijuana Life Sciences ETF (HMMJ) declined by 39% in the fourth quarter. The GMR Index managed to gain 5.5% for the entire year, while the HMMJ actually dropped 19% for the year .

In Q2, investors felt that the risk to investing in cannabis had been tempered once it was clear that the DOJ was more talk than action when it came to punishing those in the cannabis industry. In addition, conservative Republicans at both the federal and state level began to demonstrate a willingness to shift away from their hardline anti-cannabis stances of the past and confirmed a willingness to discuss a pathway towards legalization.

History continued to be made in the cannabis industry during the last quarter. On October 17, Canada began the first day for sales of adult use cannabis in Canada – making 1017 the new 420. The mid-term elections in the U.S. were the next big event for the quarter. More states legalized cannabis in this year’s midterm elections in November, with Michigan becoming the latest one to legalize adult-use cannabis. Missouri and Utah both approved medical cannabis. If that wasn’t enough for the industry to cheer about, in December lawmakers in D.C. passed the 2018 Farm Bill, which included an amendment legalizing hemp.

“The fourth quarter of 2018 was very challenging for cannabis industry stocks as share prices plunged as stocks in general entered bear market territory. Legalization of hemp in December set the stage for a recovery as cannabis stocks have mostly moved higher in the early days of 2019 ,” stated Debra Borchardt, CEO of Green Market Report.

The best performing stock in the GMR Index was Charlotte’s Web Holdings which managed to end the quarter neither gaining or losing. Remaining flat was a huge accomplishment.  The company stands to benefit greatly from the legalization of hemp and hemp-derived CBD products.

The biggest loser in the GMR Index was The Green Organic Dutchman with a loss of 64% in its share price. TGOD is behind many of its peers with regards to having product available for the newly legal adult market Canada.

Consolidation continues to force the Index to make adjustments, but the choice of stellar companies as replacements make the changes very easy. MPX Bioceuticals and Emblem Corp. were both removed due to impending acquisitions.

The Index decided to add Acreage Holdings Inc. as that company continues to add to its portfolio and now has a presence in 19 states. iAnthus is acquiring MPX Bioceutical and is also getting added to the Index. While the Index was sad to let MPX go, the substitution is just as strong.  Cresco Labs is added as this multi-state operator focuses on markets with high barriers of entry. Finally, Florida-based Trulieve was added as the company continues to report increasing revenues and has embarked on an expansion strategy outside of the state.

“Looking ahead to 2019, we expect to see the industry adjust to the legalization of hemp and what that means for hemp-derived CBD products,” added Borchardt. “We expect the industry will experience more consolidation and even more cannabis companies to become publicly traded stocks.”

About Green Market Report:

The Green Market Report (GMR) is headquartered in New York City with an office in Los Angeles. GMR is poised to be the center for trustworthy business, financial and economic news and intelligence. The site offers coverage on financial matters including news briefs on business, cultivation, and extraction, cannabis company stock prices, and wholesale cannabis pricing. For more information, please visit www.greenmarketreport.com or email info@greenmarketreport.com. Follow us on Facebook, Instagram and Twitter @GreenMarketRpt.

Communications Contact:

Cynthia Salarizadeh

KCSA Strategic Communications

856-425-6160

cynthia@kcsa.com

 

 


StaffStaffFebruary 4, 2019
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9min1020

Twelve 30-Second Spots Debut During Super Bowl Broadcast on CBS Affiliate in USVI

NEW YORK, NY – February 4, 2019 /AxisWire/ Women-owned digital marketing agency made history this weekend by managing to air its cannabis education ads during the much-coveted Super Bowl LIII broadcast.  Featuring the Rastafarian Senator who led the fight for legal cannabis in the U.S. Virgin Islands, the spot is the first in a series for the cannabis online TV network Hmm Did You Know (HDYK) showcasing prominent voices from the cannabis industry and community.

A total of twelve :30 commercial spots aired during Super Bowl LIII programming on the USVI CBS affiliate, marking the first broadcast of a cannabis-centric public service announcement during NFL programming. The historic campaign is a product of 420MEDIA, a Seattle, NYC and Nevada-based digital marketing and media agency serving the legal cannabis industry.

In January, 2019, U.S. Virgin Islands Gov. Albert Bryan Jr. approved a new medical marijuana law making the territory the latest Caribbean jurisdiction to open its doors to cannabis businesses and potential new tourism opportunities. The move has been years in the making, with voters having favored medical cannabis in a 2014 referendum. In addition to the U.S. Virgin Islands, other U.S. territories that have approved MMJ include Guam and Puerto Rico.

It is only fitting then, that the spots that aired during this Sunday’s Super Bowl broadcast feature former Senator Positive T.A. Nelson, the seven-term Senator from the island and now the commissioner nominee to the Dept of Agriculture, who was among the most prominent voices leading the fight for marijuana law reform.

“The rationale behind medicinal cannabis is real, the science is real, the economics behind it is real, the health behind it is real,  and the opportunities behind are very real” says the former Senator in the spot promoting Hmm Did You Know Online Cannabis TV Network.

“I am extremely excited and honored to be working with 420MEDIA, on the frontlines in the battle for legalization,” Senator Nelson said. “We must keep up the fight until the old wall of prohibition is completely broken down! Our collective efforts continue to change the mindset of individuals who have been bombarded with propaganda for over 80 years. Education is the key to removing stigma.”

“For years, there has been pushback on the national level, but local media markets with legal cannabis are slowly changing,” said 420MEDIA CEO Kerri Accardi.  “We are extremely grateful to the USVI for taking the first step to educate the mainstream audience about the benefits of cannabis. This is the first of many slated for the cannabis education and awareness campaign with other renowned cannabis experts in the sports, medical and entertainment field sharing their wealth of information about benefits of medical cannabis. We look forward to breaking through new markets, and reaching audiences in legal cannabis states,” she added.

Airing of the PSA during the pre-game Super Bowl LIII can be seen here: https://www.youtube.com/watch?v=GW7JXvTuf68

The public service announcement was co-sponsored by 420MEDIA along with several cannabis-based organizations and businesses including:

Humboldt Grace, a woman-owned cannabis strategic consulting company. Founder Lelehnia Du Bois offers her 45 years of experience to educate on the cannabis culture, work with individual, businesses, and organizations to develop successful strategies, and advocate for a healthy and sustainable industry.

The Marijuana Business Association (MJBA), a leading cannabis business organization and publisher the MJNews Network and Marijuana Channel One.

Nature Nurse Products, utilizing the power of nature and knowledge of medicine to create products that support the biological Endocannabinoid system. Nature Nurse is a beautifully blended and synergistic combination of ancient plant wisdom which has been expanded upon through science to create high-quality, easy to use products to incorporate into everyday life supporting health and well-being.

 

Curved Papers, a new twist on Rolling Papers, Curved Papers was founded by Michael O’Malley, an MIT-educated entrepreneur whose innovative patented curved design makes joints Easy to Roll.

Vital CBD:  Age Vital pharmacy, research and wellness is your local community and compounding family pharmacy Sarasota. By working in the medical field closely with physicians and patients for several years, their primary commitment is to serve people who suffer from chronic conditions such as pain, inflammatory conditions, and stress.

Airing of the PSA during the pre-game Super Bowl LIII can be seen here: https://www.youtube.com/watch?v=GW7JXvTuf68

About 420MEDIA


420MEDIA, a women-owned cannabis marketing agency with offices in Seattle, New York and Nevada, offers a unique combination of full-service digital marketing services, media distribution, and industry expertise. Our team’s experience allows 420MEDIA to provide the full range of services necessary to effectively craft and execute marketing strategy in the cannabis sector. To see our recent reel and our advertising packages, please log on to http://www.420media.us

Media contact:

Janet Vasquez

Communications Director/420MEDIA

pr@420MEDIA.US

917-546-2003

 



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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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