Point Roberts, WA,
Delta, British Columbia -- September 5, 2019 --
InvestorsHub NewsWire -- via Investorideas.com, a leading
investor news resource covering hemp and cannabis stocks releases a
snapshot reporting on the continued development of the cannabis
ancillary market as the sector matures; expanding into new states
and countries.
The maturation of the
Canadian and US markets, along with the rapid expansion of
international cannabis markets is now beginning to drive the
ancillary sector of the industry as more companies realize the need
for better payment processing, more reliable delivery services and
advanced infrastructure. These new demands on the industry are
beginning to generate revenue for such ancillary providers and also
provide investors a lower-risk entry point to the cannabis industry
as these ancillary providers have no direct plant
contact.
This was highlighted by
Innovation Shares, a provider of thematic ETFs who recently announced changes
in its monthly rebalance of The Cannabis ETF and has added four
companies to the portfolio: Valens GroWorks Inc., EnWave Corp.,
cbdMD Inc. and Fire & Flower Holdings while removing three
other companies: CannTrust Holdings, Vivo Cannabis and Innovative
Industrial Properties.
"We are excited to expand
THCX's footprint in the various cannabis industry sub-themes by
including three companies whose businesses revolve around ancillary
services and CBD-based consumer products," said Matt Markiewicz,
Managing Director of Innovation Shares. "In particular, Valens,
EnWave, and cbdMD all operate at the crossroads of science and
technology which should appeal to investors who are looking for
differentiated exposure outside of a traditional seed-to-sale
story."
Global Payout
Inc. (OTC: GOHE) and its wholly
owned subsidiary, MTrac Tech Corporation yesterday announced that as the
Company enters the last month of the third quarter of 2019 it has
reached a point where it is effectively processing tens of millions
of dollars in daily transaction volume across its growing base of
clients in the multibillion-dollar cannabis
industry.
As demonstrated in the
Company’s recent Q2 disclosure detailing Company financials,
MTrac’s growth trajectory has remained positive and has continued
to gain significant traction throughout the year. This growth can
be attributed to the successful strengthening of their foothold and
market reach in what has become one of the most dynamic industries
in today’s economy. This feat has been accomplished in part through
MTrac’s success in securing several strategic service agreements
with some of the largest companies within the cannabis industry
today.
The company has recently
signed a new account application with an anticipated 34 locations
and has applications coming in weekly for the services offered
through MTrac.
In addition to their
expanding market reach, the Company is also fully engaged with key
legislative partners in different states to help push for the
adoption of their system as a means of providing merchants within
these states with a viable and compliant payment processing
alternative to cash as they remain focused on delivering “The Key
to Cashless®” to as much of this diverse and expanding
industry as possible.
MARIJUANA COMPANY OF
AMERICA INC. (OTCQB: MCOA)
recently announced the official
launch of its premium cannabis delivery service, VivaBuds, in the
San Fernando Valley, California.
In April, the Company
announced it had acquired a 20% ownership interest in Natural Plant
Extract of California (“NPE”) to establish a joint venture to
create VivaBuds, a California marijuana delivery company that
offers customers a dynamic opportunity to purchase low-cost premium
cannabis products directly from farmers using a “Tell a Friend”
approach. For more information, please visit the VivaBuds website
at www.VivaBuds.com.
The VivaBuds mobile application is currently live on Google Play
and available for download on all Android
devices.
“We are extremely pleased to
have officially launched our delivery service throughout the San
Fernando Valley, where demand for cannabis continues to increase
unabatedly,” said CEO of MCOA, Mr. Donald Steinberg. “We believe
that by providing delivery and our high-quality premium products to
our consumers, we will increase revenues, expand margins, and
improve our overall brand recognition. I am confident that this new
endeavor dovetails perfectly with our commitment to become a global
leader in the legal production, processing, and distribution of
cannabis products. Going forward, management will continue to
leverage strategic operations and decisions that enhance value for
all our shareholders.”
According to an August 15,
2019 Los Angeles Times article, California is on pace to secure
$3.1 billion in licensed cannabis sales in 2019, representing the
largest legal marijuana market in the world. Legal sales have
increased from approximately $2.5 billion in 2018, the first year
of licensed cannabis sales in California, according to the analysis
by sales-tracking firms Arcview Market Research and BDS
Analytics.
KushCo Holdings,
Inc. (OTC: KSHB), the premier
producer of ancillary products and services to cannabis and hemp
industries recently announced that it
has closed on a $50 million credit facility (the “Facility”) with
Monroe Capital LLC (“Monroe”), consisting of a $35 million
revolving line of credit and an accordion of up to $15 million that
will be available subject to covenant compliance and borrowing base
availability.
The Facility will be for a
term of five years and will be used for working capital and driving
organic growth, as well as for potential
acquisitions.
“KushCo continues to execute
on its less dilutive financing strategy that will provide the
capital necessary to support our continued operations and
acquisitive growth,” commented Nick Kovacevich, KushCo’s Chief
Executive Officer. “We are excited to partner with an
entrepreneurial-focused private credit firm such as Monroe, and we
have plans to grow our businesses together providing critical
products and services to the cannabis and CBD industry. As the size
of our customer’s business grows, it’s imperative to have an
adequately sized credit facility that will increase as our business
grows.”
“We’re excited to enter this
hyper-growth industry with the Company,” commented Ted Koenig,
President and CEO of Monroe. “They are a best in class business in
a unique position to take advantage of opportunities in this
emerging business sector and we look forward to supporting their
continued growth and capital needs.”
MariMed Hemp, a subsidiary
of MariMed,
Inc. (OTCQB: MRMD), a leading
multi-state cannabis and hemp operator focused on health and
wellness, launched the Hemp Engine™,
a turnkey retail marketing platform for the fast-growing CBD sector
last month.
The platform supports sales
and marketing decisions for a wide range of CBD products based on
quality, popularity and price point, allowing distributors and
retailers to maximize returns and increase sales efficiency.
Co-developed with Sprout™, the leading CRM provider to the cannabis
industry, the platform is driven by proprietary data and
technology.
The Hemp Engine solution
includes a complete “store-within-a-store” package, pre-stocked
with a range of CBD products centered on a retailer’s particular
criteria. The platform collects real time data and pre-screens the
data for quality and content. The system helps the retailer by
reducing the time and risk typically involved in choosing among a
wide and sometimes confusing array of CBD products. The package
also includes electronic tablets that provide store customers
interactive, educational information about CBD product attributes,
benefits and usage at the point-of-sale.
“Hemp Engine creates
powerful new distribution opportunities for our hemp-derived CBD
brands,” commented MariMed CEO, Robert Fireman. “It will help us
further penetrate the growing hemp space. We expect to deliver the
first in-store installations over the next several
weeks.”
Earlier this year, the
company converted its $30 million debenture into a one-third equity
ownership of GenCanna Global, Inc., the
Kentucky-based, national leader in cultivation and production of
seed-to-sale cGMP quality CBD. MariMed Hemp was established to
augment this investment and capitalize on MariMed’s marketing
expertise with a new family of CBD brands.
According to Rick Granoff,
Co-Founder of the Hemp Engine, “The Hemp Engine addresses the major
needs of retailers and consumers as CBD popularity and consumption
continues to grow. As a one-stop-shop that greatly simplifies
decision making for both groups, it demonstrates MariMed’s
continued thought leadership in health and wellness and
industry-leading innovative approach to the CBD
space.”
While there has been a heavy
focus on cultivation and production in the cannabis industry for
the last few years, the industry is now reaching a new turning
point in which ancillary services and infrastructure are becoming
more paramount. This growth in the cannabis ancillary market is not
only providing the industry with more efficient technology and
services but is also beginning to bring in more investment
opportunities, with more diversified options than the standard
production story we’ve seen so far.
For investors following
cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX
Marijuana/Hemp Stocks
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