PALM BEACH, FL, Nov. 15, 2016 /CNW/ - The sweeping legalization of various forms of
Cannabis and Legal Marijuana operations across the United States is serving to help mature the
industry, bolstering the already existing revenue streams, as well as diversifying new opportunities for investors and consumers
alike. The cannabis performers this week include: Arcturus Growthstar Technologies Inc. (OTC: AGSTF), mCig, Inc.
(OTC : MCIG), OrganiGram Holdings Inc. (OTC: OGRMF), United Cannabis Corporation (OTC: CNAB) and MassRoots, Inc. (OTC: MSRT).
Arcturus Growthstar Technologies Inc. (OTCQB: AGSTF) (CSE: AGS) is pleased to announce that it has signed a
Letter of Intent ("LOI") to acquire a 15-acre parcel of land in Redland, Florida, in a county that
is designated to legally cultivate, process and dispense cannabis. Redland is an unincorporated community within
Miami-Dade County, with Biscayne National Park to the east and
Everglades National Park to the west. Redland is primarily a Miami suburb and a major agricultural area. Miami-Dade County is referred to
as the nation's "Salad Bowl" and "Winter Bread Basket."
Read the full Arcturus (AGSTF) (AGS.CN) press release at: http://marketnewsupdates.com/news/agstf.html
"We are pleased to have reached this LOI to acquire this prime parcel of land as it has a long history as a plant nursery, which
was first established in 1963," says Mr. William Gildea, Arcturus Growthstar Technologies Inc.'s CEO
and Chairman. "This acquisition will be an all-stock deal and greatly adds to our geographic footprint and overall strategy in the
state of Florida. With the recent passage of Amendment 2, an initiative which significantly
broadens Florida's medical marijuana program, we want to be firmly established in the state and
solidify our first mover advantage in one of the biggest potential cannabis markets in the United
States."
With this acquisition and the previously announced 10-acre greenhouse acquisition near Orlando,
Arcturus has the potential, if fully licensed, to develop 25-acres of cannabis crops. If current state projections for the
cannabis market size hold up to their $1.8B projection by 2020, Florida will have considerable demand for medical marijuana, even without factoring in the potential for
recreational legislation. This is an exciting acquisition for Arcturus as the 15-acre farm is located in a
designated legal grow zone with close proximity to Miami.
Other Cannabis stocks performing well in the markets this week:
mCig, Inc. (OTCQB : MCIG) closed up over 30% at $0.195 on over 19.4 Million shares traded
by the market close. MCIG, a diversified company servicing the legal cannabis, hemp, and CBD markets announced Monday the
second quarter, MCIG generated $620,015 in revenue, a 126% increase from the previous quarter. The
company reported to be profitable during the quarter and MCIG reported $10,469 in net income, an
increase of $675K in its bottom line compared to same period last year. MCIG's adjusted net income
for the period was $102,550, an adjusted net profit margin of 20%.
OrganiGram Holdings Inc. (OTCQB: OGRMF) closed up over 26% on Monday at $2.93 trading over
750,000 shares by the market close. OrganiGram Holdings Inc., through its subsidiary, Organigram Inc., produces and sells
medical marijuana in Canada. The company was founded in 2013 and is based in Moncton, Canada.
United Cannabis Corporation (OTCQB: CNAB) also closed up over 20% on Monday at $1.81 on
over 1.68 Million shares traded by the market close. United Cannabis Corporation last week announced that its Joint Venture,
which is 50% owned with Jamaica-based Cannabis Research & Development ("CRD"), has submitted
its application for a license to cultivate, process, transport and conduct research on cannabis within Jamaica.
MassRoots, Inc. (OTCQB: MSRT) closed up just under 10% at $0.84 on Monday trading over
945,000 shares by the market close. MassRoots announced earlier this month that it has released product and strain reviews
within its iOS and Android applications. Through community-driven reviews, MassRoots aims to connect consumers with the best
products to treat their ailments.
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