NEW YORK, January 2, 2018 /PRNewswire/ --
According to a research report by Arcview Market Research, the legal cannabis market is estimated to grow from $6.7 billion in consumer spending in 2016 to $22.6 billion in 2021. The report
also indicates that the amount of cannabis that cultivators will need to grow to feed the demand this spending represents will
grow at a 23% compound annual growth rate (CAGR), from 1.7 million pounds in 2016 to 4.8 million pounds by 2021. The positive
projections are due to increasing legalization of cannabis products. Two major markets are legalizing cannabis for recreational
use - California and Canada. While California is the largest market, Canada is projected to show strong sales
as well. Deloitte's report estimates the market will be at least $5B in sales in 2018. FinCanna Capital Corp. (CSE:
CALI), Canopy Growth Corporation (OTC: TWMJF), Aurora Cannabis Inc. (OTC: ACBFF), MedReleaf
Corp. (OTC: MEDFF), Aphria Inc. (OTC: APHQF).
California's new recreational cannabis laws went into effect on January 1st, 2018. A report by Fortune indicates that, "in order to collect $1
billion a year in taxes, the state will need to reach a projected $7 billion in annual legal
recreational cannabis sales. At that rate, California would easily be the country's largest
legal marijuana market, as the entire legal cannabis industry in the U.S. is expected to pull in roughly $10 billion in total sales for 2017. That number would almost certainly get a boost in the coming years, as
legal markets grow in California and other states, such as
Nevada and Massachusetts."
FinCanna Capital Corp. (CSE: CALI) listed on the Canadian Securities Exchange under
the trading symbol "CALI". On December 29th the company announced
breaking news that, "FinCanna is supporting the greater medical use of cannabis while benefitting from the growth in the market
by investing in top-tier licensed medical cannabis companies in California. In exchange for financing, FinCanna will receive
royalties from these licensed medical cannabis and related operations.
To date, FinCanna has completed approximately $14M CDN in financing to support its flagship investment in
Cultivation Technologies ("CTI"). Based in Irvine, California, CTI is developing a very
significant, state-of-the-art medical cannabis project and has already secured permits to construct a fully-entitled, 111,500 sf.
permitted medical cannabis facility on a six-acre property in Coachella, Southern California.
Andriyko Herchak, CEO & Director, states, "We are very excited to apart of the growing industry of medicinal cannabis and
our public listing offers investors increasing access to growing cannabis operations in the United
States, particularly California. While the legalization of recreational Cannabis is highly anticipated
in California, we remain focused on our core competency of sourcing and financing ethical, medicinal and regulated cannabis
businesses to leverage the paradigm shift in the industry."
FinCanna is initially focused on California since it is the sixth largest economy in the world and the largest
medical cannabis market in North America. Analysts estimate the State's legal cannabis industry will grow at a 21.1% CAGR
to $6.5 billion by 2020, and generate upwards of $1 billion in tax revenue. New laws that come into effect
in January 2018are expected to significantly change existing supply and demand dynamics."
Canopy Growth Corporation (OTC: TWMJF) is a world-leading diversified cannabis and hemp company, offering distinct
brands and curated cannabis varieties in dried, oil and Softgel capsule forms. On December 18,
2017, the company and Canopy Rivers Corporation announced a definitive joint venture agreement to form a new company, Les
Serres Vert Cannabis Inc., together with Les Serres Stéphane Bertrand Inc., a largescale tomato greenhouse operator in
Mirabel, Quebec. Bertrand currently produces tomatoes and other vegetables under 700,000 sq. ft.
of modern greenhouse, most of which was built in 2015. The entire greenhouse will be upgraded and retrofitted for cannabis
production by April 2018. With the assistance and guidance of Canopy Growth, the application for
this site has been submitted; and subject to Health Canada and other standard regulatory approvals, the Company anticipates being
ready to begin production by May 2018.
Aurora Cannabis Inc. (OTCQX: ACBFF) is one of 35 licensed producers across Canada and the
only one located in Alberta. On December 19, 2017, the company
Micron Waste Technologies Inc., a developer of proprietary digester solutions for the treatment of organic waste, announced that
the companies have signed a non-binding term sheet for Aurora to make a strategic investment in Micron, and for both companies to
collaborate on the optimization of Micron's technology for the treatment of organic waste generated in the cultivation and
production of cannabis products. Micron has developed a new technology, based on aerobic digestion and subsequent treatment that
converts organic waste into clean water that meets municipal effluent discharge standards. The effluent from currently available
digester-based treatment systems of organic waste does not meet municipal discharge standards and requires costly further
treatment.
MedReleaf Corp. (OTC: MEDFF) sets The Medical Grade Standard™ for cannabis in Canada and
around the world. On December 21, 2017, the company announced that it has entered into an agreement
to become a medical cannabis supplier to Shoppers Drug Mart. Subject to Health Canada's approval of Shoppers Drug Mart's
application to be a licensed producer, under the terms of the agreement the Company will supply Shoppers Drug Mart with MedReleaf
branded medical cannabis products. It is expected the products will be sold online, as Canadian regulations currently restrict
the sale of medical cannabis in retail pharmacies.
Aphria Inc. (OTCQB: APHQF), one of Canada's lowest cost producers, produces, supplies and
sells medical cannabis. Located in Leamington, Ontario, the greenhouse capital of
Canada. Aphria is truly powered by sunlight, allowing for the most natural growing conditions
available. On December 21, 2017, the company announced that it has committed to make a
$10 million equity investment in the combined company, which is expected to be renamed Hiku Brand
Company Ltd. The combination of Tokyo Smoke and British Columbia based DOJA would bring together
two premium lifestyle brands to serve the anticipated recreational cannabis market. Aphria's investment represents an advancement
of the Company's strategy to be a leader in the recreational market, once legalized in Canada.
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