OTCQB:VVCIF - Post by User
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1hot-techwomanon Nov 21, 2017 3:04pm
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Post# 27005868
RE:Abcann Global to be Industry Giant?
RE:Abcann Global to be Industry Giant? srtman03 wrote: Cannabis Stock Report: Canopy Growth Eyes International Market, Kannaway Partners with Hempys, ABcann Steps Up By Brandon A. Dorfman Nov 20, 2017 Canopy Growth Looks To International Cannabis Market Canopy Growth (TSX:WEED), Organa, and Green House announced their partnership in a new cultivation facility. The 20,000 square foot indoor grow facility is in Ontario. Known as Agripharm Corp., the group hopes it is a step towards the international cannabis market. Canopy, who originally owned the site, will keep a 40 percent stake in the facility. Green House will obtain a 40 percent stake, and Organa will grab the remaining 20 percent. While full financial details are not yet public, Canopy subsidiary Canopy Rivers Corp. will put in $20 million to help the facility expand. Green House Holdings is a Dutch seed distributor with offices in North America. Organa brands come out of Colorado, where they make name products such as Bakked. The three companies released a joint statement where they proclaimed, together, the [venture] is positioned to take sought-after genetics, insert those genetics into consumer-friendly ingestion formats, and put them on stores shelves across [Canada], and abroad. Kannaway LLC. Partners With Hempys Medical Marijuana Inc. (OTCMKTS:MJNA) subsidiary Kannaway LLC. announced a distribution partnership with the Hempy's Brand. The agreement calls for hemp and cotton textile products that are environmentally sound. Together the two will create all-natural fiber merchandise through "a transparent supply chain." Kannaway LLC. specializes in the marketing and network sales of hemp-based botanical products. They are under Medical Marijuana Inc., a hemp-industry player that buys cannabis companies. Hempys is a legacy hemp producer in the United States, first founded in 1995. "We are very pleased to be able to offer another way for Kannaway customers to improve their daily lives with the benefits of the hemp plant," Kannaway CEO Blake Schroeder commented. "The textiles used to manufacture these Hempy's products are environmentally friendly and durable, two qualities that are important to both our company and our customers." ABcann Global An Industry Giant ABcann Global Corp. (OTC: ABCCF) (TSX.V: ABCN) became a valuable market player this year in advance of Canadian legalization. They produce upwards of 250 grams of cannabis per square foot a year via a computer growing platform. It is one of the highest yields in all the Canadian sector. The medical cannabis company jettisons costs by growing a premium product in replicated geographies. Their yield is 100 percent over the industry average, with a customer return rate of 94.7 percent. With $43 million in working capital, ABcann broke ground on two new facilities. They plan to increase production significantly in 2018. "ABcann's first quarter as a publicly traded issuer was a successful one, leading to the company having over $40 million in current working capital," a company news release stated. "With our strong cash position, ABcann expects to significantly increase production capacity in 2018 while pursuing our aggressive construction and expansion timelines at both Vanluven and Kimmett."
I'm really liking what I am seeing unfolding with the new management at the helm! :) Don't think anyone should be selling there shares anytime soon :)