NEW YORK, May 17, 2017 /PRNewswire/ --
Canada has been moving forward with its full legalization plans. On April 13, Canadian Prime Minister Justin Trudeau and his government revealed the
legalization bill for growth, sale and consumption of cannabis for recreational use. The bill, now known as The Cannabis
Act, is expected to become a law in time for Canada's 151st birthday on July 1, 2018. Bloomberg reported that Prime Minister Trudeau made legalization a central part of his campaign
in 2015 and he wants to move quickly. However, he is now facing pressure to slow down, given all the details that remain to be
worked out, including tax rates and prices, as well as packaging and retail sales rules. Deloitte has estimated in a research
report that annual sales of recreational cannabis in Canada could be as high as C$8.7 billion ($6.5 billion) which is a larger value than Canada's spirits market, valued at approximately $5
billion. Cannabis Wheaton Income Corp. (OTC: KWFLF), Canopy Growth Corporation (OTC: TWMJF), Aurora Cannabis Inc. (OTC: ACBFF),
Organigram Holdings Inc. (OTC: OGRMF), Aphria Inc. (OTC: APHQF).
In the U.S., despite successful legalization in several states, including California where
cannabis products are now legal for both medical and recreational purposes, cannabis remains illegal on the Federal level. It is
unlikely to change during the current administration. A report by Bloomberg indicates that this could end up being favorable news
for Canada's pot business. "The longer U.S. prohibition remains in place, the more dominant the
Canadian companies will become," says Mark Zekulin, President of Canopy. "American operators are
still stuck, because at the federal level it's still a crime. With that comes uncertainty and risk. Not having to worry about
crossing state lines creates an environment where we can grow our scale and capital to unprecedented levels."
Cannabis Wheaton Income Corp. (OTC: KWFLF) announced this week that its partner Broken Coast Cannabis Ltd. ('Broken
Coast') and discuss the CW and Broken Coast transaction in more detail. Broken Coast is a medical cannabis producer based in
British Columbia which has established itself as one of the world's leading producers of high
grade cannabis products. (TSX-V: CBW).
The clean tech production methods and systems developed at Broken Coast are delivering an industry leading ratio of yield and
grade. Current average yields are optimized at 1.33 grams per watt with an all in cost of less than $1.50 per gram. More remarkably is that the yield is comprised of 90% AAA cannabis flower and only 10% trim.
Broken Coast was recently awarded one of the few 18 month ACMPR licenses demonstrating its strong record of compliance.
Dean Kauwell, Co-Founder, Director and COO of Broken Coast commented, "Broken Coast is very
enthusiastic about our new partnership with Cannabis Wheaton. As opposed to traditional VC's, the team at Cannabis Wheaton brings
a lot more than money to the table. They are in it for the long term and add tremendous value in the areas of marketing, product
innovation, distribution, legal, and regulatory compliance. Broken Coast is also very excited about the opportunity to
participate in the dynamic market place that will be created by the Cannabis Wheaton platform. We are very confident that the
funding provided by Cannabis Wheaton will enable our jointly owned entities to accelerate our expansion and achieve significant
scale of high grade cannabis production in a short amount of time. We appreciate the trust and confidence placed in us by the
Cannabis Wheaton team and we look forward to a long, productive, and profitable relationship."
Canopy Growth Corporation (OTC: TWMJF) is a world-leading diversified cannabis company, offering diverse brands and
curated cannabis strain varieties in dried and oil extract forms. Recently, the company announced the closing of the previously
announced acquisition of rTrees Producers Limited Inc., a late-stage applicant in Health Canada's Access to Cannabis for Medical
Purposes Regulations. The site will operate as Tweed Grasslands ("Tweed Grasslands") and become the newest facility to join
Canada's largest network of legal, licensed cannabis producers owned and operated by Canopy
Growth.
On April 20, 2017, Aurora Cannabis Inc. (OTCQX: ACBFF) announced that the company has
commenced sales of a new product line of ingestible cannabis oils called Aurora Drops. The Company's newest offerings include
three distinct product types all priced equally at a standard flat rate of $115 per bottle, or $80 per bottle
for clients approved for Aurora's compassionate pricing program. The ingestible cannabis oils come in 30 ml glass bottles with a
child resistant certified cap and dropper to allow for the easy and accurate dosing of small amounts of the high potency fluids,
and are produced using CGMP compliant supercritical CO2extraction technology, as well as using an MCT carrier oil sourced from
coconut oil.
Organigram Holdings Inc. (OTCQB: OGRMF) is focused on producing the highest quality, condition specific medical
marijuana for patients in Canada. Organigram's facility is located in Moncton, New Brunswick and the company is regulated by the Access to Cannabis for Medical Purposes
Regulations ("ACMPR"). on April 10, 2017, Organigram signed a letter of intent to acquire all of
the issued and outstanding shares of Trauma Healing Centers Incorporated ("THC"). THC specializes in medical cannabis assessment
and prescribing while offering a multi-disciplinary approach to healing chronic conditions. "The acquisition of THC will allow
Organigram to accelerate its patient onboarding strategy and further vertically integrates our goal company's cannabis value
chain," says Greg Engel, Chief Executive Officer of Organigram.
Aphria Inc. (OTCQB: APHQF) produces, supplies and sells medical cannabis. The company recently announced that the
company has received a license amendment from Health Canada that provides Aphria with additional production space of 57,000
square feet, as part of its Part II expansion at its facility in Leamington, Ontario. This will
more than triple Aphria's production capacity of medical cannabis from 2,600 kgs annually to 8,000 kgs annually. Vic Neufeld, Chief Executive Officer of Aphria said: "This will allow us to continue to produce high-quality
cannabis at one of the lowest costs in the industry. The expansion will propel Aphria's greenhouse footprint to become the
largest in the industry and deliver on our long-term strategic plan."
Please Sign Up now at http://www.FinancialBuzz.com to receive alerts
on Trending Financial News from all these companies. "The Latest Buzz in Financial News"
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into
media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials
for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in
this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information
posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality
and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not
offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and
corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial
newswire and media platform. For this release, FinancialBuzz.com has been compensated five thousand
dollars for financial news dissemination and PR services by a third party non affiliate for cannabis wheaton income corp.
Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or
a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the
balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in
securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the
information on the editorial or Site or continue to post information about any companies the information contained herein is not
intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation.
The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members
and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site,
company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors
accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation
of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and
website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time.
None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any
particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication
is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment
strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree
to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no
representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change
without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not
guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com
For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879
SOURCE FinancialBuzz.com