NEW YORK, April 11, 2018 /PRNewswire/ --
According to a report by Ameri Research Inc., the global legal cannabis market was valued at $14.3
billion in 2016 and is projected to grow at a CAGR of 21.1% between 2017 to 2024, while reaching an estimated value of
$63.5 billion by 2024. The market is going through a period of healthy growth thanks to increasing
legalization and decriminalization of cannabis products across North America. The report
specifies that the legalization trend is moving beyond the U.S. region. Data by Arcview Market Research explains that growth of
the legal cannabis industry is expected reaccelerate this year, as sales of products for recreational use set to start in
Canada, California, and Massachusetts along with medical sales in Florida. Liberty Health Sciences
Inc. (OTC: LHSIF), American Cannabis Company, Inc. (OTC: AMMJ), Lexaria Bioscience Corp. (OTC: LXRP), GB Sciences, Inc. (OTC:
GBLX), MPX Bioceutical Corporation (OTC: MPXEF)
According to CBC, Canada is one of only two countries, together with the Netherlands - that currently exports cannabis, allowing firms in Canada
to take instant benefit of recent medical cannabis legalizations in more than 20 countries. CBC reported that the, "offerings in
today's Canada medical marijuana market differ little from those used recreationally - the
smokable plant and, more recently, oil extracts. More than 70 companies have licenses from the federal drug regulator, Health
Canada, to cultivate, produce and sell medical marijuana, with more than half those licenses granted in 2017 or 2018."
Liberty Health Sciences Inc. (OTCQX: LHSIF) also listed on the Canadian Securities Exchange under the Ticker (CSE:
LHS). Just earlier this morning the company announced breaking news that it, has recorded a 253% increase in monthly revenue
since the start of 2018, and a 100% increase in its served patient count. The surge has been fueled by unprecedented growth in
the number of registered medical cannabis patients and physicians in the state of Florida. So
far this year, the number of registered patients in Florida has increased 46% to over 93,000
patients, and the number of recommending physicians has increased 44% as the physician community continues to witness the
benefits of medical cannabis first-hand. The registered patient count in Florida is expected to
continue to increase rapidly as more physicians recommend cannabis as a treatment option, and as more Florida residents become educated on the benefits of medical cannabis to treat certain qualifying
conditions. The Florida Department of Health ("DOH") continues to make progress in processing the high volume of applications and
issuing Medical Marijuana Use Registry identification cards, which is also helping to accelerate demand for Liberty's products
throughout the state.
"Our patient-centric approach has been very well received in Florida," said George Scorsis, Director and CEO of Liberty. "Our Cannabis Education Centers, which we are continuing to
roll-out across the state, provides comprehensive education, resources and compassionate one-on-one consultations geared towards
educating patients on cannabis use as a safe treatment alternative to treat their symptoms. Liberty is proud to provide
Florida's patients in need with convenient and timely access to high-quality, clean and safe
pharmaceutical-grade medical cannabis when they need it the most."
In response to the rapidly growing patient demand, Liberty is expanding its home delivery model to bring 24-hour delivery
service to patients across southern Florida. The Company has received approval from the DOH to
establish a distribution center ("Hub") located in Fort Lauderdale. Supported by a fleet of
eco-friendly hybrid vehicles, The Hub will provide one-day delivery service to patients in Broward, Miami-Dade and Palm Beach
counties, an area with nearly 6 million people representing 29% of the state's population. Liberty is also expanding its fleet to
provide one-day delivery service to patients in Alachua and Marion counties. This fast and convenient service will also be offered through Liberty's Cannabis Education
Centre in The Villages and at the Company's future dispensary locations expected to open soon.
In total the Company's one-day delivery service will reach 6.6 million people, or 32% of Florida's population.
"The growth in registered medical cannabis patients in Florida is far exceeding our
expectations, but Liberty is fully prepared to meet the rapidly expanding demand with our production expansion currently underway
at Chestnut Hill and Liberty 360 facilities and our new southern Florida distribution hub," said Scorsis. "We are committed to providing all of our patients across
Florida with fast and convenient access to medical cannabis, regardless of their location in the
state."
American Cannabis Company, Inc. (OTCQB: AMMJ) offers end-to-end solutions to existing and aspiring participants in the
cannabis industry. Earlier this year, the company announced that it has secured a consulting contract with Cloud 9 Apothecary in
the state of California. In conjunction with the consulting agreement, ACC will acquire an
equity stake in Cloud 9's project that is currently non-operational and in the development stage. This project, to be built-out
and completed in Desert Springs, California, will comprise a
closed-loop greenhouse containing a 22,000 square foot canopy of premium cannabis cultivars. With the construction of this
facility, Cloud 9 Apothecary's plans focus on wholesale cultivation and product manufacturing. Plans to shift into a fully
integrated business model, complete with dispensing solutions, will be made in the near future as Cloud 9 plans to scale up
operations organically.
Lexaria Bioscience Corp. (OTCQX: LXRP) has developed and out-licenses its disruptive delivery technology that promotes
healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. On March 22, 2018, the company announced it has received a new Notice of Allowance from the United States Patent
and Trademark Office ("USPTO") providing for "composition of matter" claims that protect the specific combination of substances
which enable improved taste and bioabsorption properties of its DehydraTECH™ technology for the delivery of cannabinoids.
This is a significant addition to Lexaria's existing manufacturing "method of use" patent rights previously granted.
GB Sciences, Inc. (OTCQB: GBLX) is a diverse cannabis company, focused on standardized cultivation and production
methods, as well as biopharmaceutical research and development. Earlier this month, the company announced it has completed the
technology transfer for the manufacturing of time-released nanoparticles containing a cannabinoid-based therapeutic for
neuropathic pain from the University of Seville. As announced in Q4 of 2017, GB Sciences has
obtained the exclusive worldwide license to the intellectual property covering this time-released cannabinoid formulation from
the University of Seville ("USE"), the Centro de Investigación Biomédica en Red de Salud Mental
("CIBERSAM") and the University of Cadiz.
MPX Bioceutical Corporation (OTCQB: MPXEF), an Ontario corporation, through its wholly
owned subsidiaries in the U.S., provides substantial management, staffing, procurement, advisory, financial, real estate rental,
logistics and administrative services to three medicinal cannabis enterprises in Arizona
operating under the Health for Life (dispensaries) and the award-winning Melting Point Extracts (high-margin concentrates
wholesale) brands. The successful Health for Life brand operates in the rapidly growing Phoenix Metropolitan Statistical Area.
Recently, the company announced that the official opening of the its newest "Health for Life" medical marijuana dispensary in the
Metropolitan Phoenix area, located at the junction of E. Main and Crimson in the suburb of Apache
Junction. This brings the number of dispensaries under MPX management in Arizona's
Sun Valley to four. The Crimson dispensary will meet the needs of patients in this comparatively
underserviced southeast quadrant of the region by making available the full spectrum of MPX concentrates, an extensive variety of
cannabis flower, and a broad selection of 3rd party, processed cannabis-infused edibles.
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