NEW YORK, June 14, 2018 /PRNewswire/ --
According to a research report provided by Marijuana Business Daily, cannabis retail sales continue to grow year-over-year as
new markets emerge and more states legalize medical and recreational cannabis. Sales in 2018 are expected to surge by
approximately 50% compared to last year, meaning sales value is on track to reach USD 8 Billion -
USD 10 Billion by the end of this year. The research also estimates that by 2022, annual retail cannabis sales in
the United States could top USD 20 Billion, a 200% increase from
2017. As for the economic impact that the new growing industry is set to have, the data predicts an estimated USD 28 Billion - USD 34 Billion economic impact in 2018. WeedMD Inc. (OTC: WDDMF), Intec Pharma Ltd. (NASDAQ:
NETC), Therapix Biosciences Ltd. (NASDAQ: TRPX), Axim Biotechnologies, Inc. (OTC: AXIM), Cronos Group Inc. (NASDAQ: CRON)
"The cannabis sector currently employs an estimated 125,000 to 160,000 full-time workers," industry analyst and Editorial Vice
President of MJBizDaily, Chris Walsh, explained at The Marijuana Business Conference & Expo,
according to a report from Fortune. "To put this in perspective, there are potentially more full-time marijuana industry workers
than there are librarians or kindergarten teachers throughout the country - and over 6 times the number of coal miners in the
U.S."
WeedMD Inc. (OTC: WDDMF) also listed on the Toronto Stock Exchange Venture under (TSX-V: WMD). Yesterday WeedMD Inc.
and Revive Therapeutics Ltd. (TSX-V: RVV) (OTCQB: RVVTF) (FSE: 31R), a company focused on the research, development and
commercialization of novel cannabinoid-based therapies, announced that, "they have entered into medical cannabis research and
development supply and collaboration.
Under the Agreements, WeedMD will supply Revive with cannabidiol for the research program evaluating CBD in the treatment of
liver disease, specifically non-alcoholic steatohepatitis and autoimmune hepatitis. Working alongside Revive, WeedMD will support
the research, development and potential commercialization of CBD in the treatment of liver disease. Additionally, Revive and
WeedMD will identify opportunities for developing and commercializing medical cannabis products and therapies for potential
collaboration in other treatments.
'The relationship with WeedMD represents a significant milestone for Revive as we have secured a strategic supply of
medical-grade CBD for our research, development and commercialization efforts for liver diseases,' said Fabio Chianelli, President of Revive. 'With WeedMD's commitment to the research, development and
commercialization of medical grade cannabis, they are the ideal strategic partner for Revive to accelerate the execution of our
business plan in commercializing novel cannabinoid-based therapies and to validate our commercial development efforts in the
medical cannabis market.'
'WeedMD continues to push ahead with its research and development initiatives, both independently and with research
institutions to accelerate cannabinoid applications and delivery system innovations, in addition to collecting valuable data
about strains and their effects,' said Dr. Luc Duchesne, Chief Scientific Officer of WeedMD. 'Both
WeedMD and Revive are making advances as participants in the pharmaceutical cannabis market which begins with the validation of
new products and innovations through clinical-evidence and the establishment of intellectual property.'
Having recently secured the intellectual property for its own delivery systems, Revive has assembled a diversified pipeline of
pharmaceutical, prescription, and over the counter (OTC) products and together with WeedMD, they will evaluate the efficacy of
CBD in the treatment of NASH and AIH, in addition to other potential indications in the future."
Intec Pharma Ltd. (NASDAQ: NETC) is a clinical-stage biopharmaceutical company focused on developing drugs based on its
proprietary Accordion Pill platform technology. The Company recently announced financial results for the three months ended
March 31, 2018. The Company raised approximately USD 37.5 Million in
a public offering of 6.75 Million ordinary shares and 400,000 ordinary shares following the exercise of part of the underwriters'
over-allotment option. Furthermore, Jeffrey A. Meckler, Vice Chairman and Chief Executive Officer
of Intec Pharma., said, "Following on favorable PK data from our Phase 1 study of AP-CBD/THC, which combined two key components
of cannabis, we are moving forward with a series of Phase 1 PK studies of each of these components alone and in combination. We
will initiate the AP-THC study in the second half of 2018. We believe that exploring the individual components of cannabis
provides the potential to pursue additional opportunities in target pain indications."
Therapix Biosciences Ltd. (NASDAQ: TRPX) is a specialty clinical-stage pharmaceutical company specializing in the
development of cannabinoid-based therapies, proprietary formulation for the treatment of CNS and pain disorders. The Company
recently announced that the first subject was enrolled for its Phase IIa, sponsor-initiated clinical trial using the Company's
cannabinoid-based technology THX-110 for Obstructive Sleep Apnea, at Assuta Medical Center, the largest private hospital network
in Israel. The clinical trial is a single-arm, open-label trial, in which 30 subjects receive
one daily treatment of the drug via oral administration and is followed-up for one month with the primary efficacy endpoint
evaluating a significant change in the AHI. It is estimated by the American Academy of Sleep Medicine that 12 percent of the U.S.
adult population suffer from OSA, and the economic burden of undiagnosed sleep apnea in the United
States alone is at nearly USD 150 Billion annually.
Axim Biotechnologies, Inc. (OTCQB: AXIM), a world leader in cannabinoid research and development, today announced that
the company has secured additional funding needed to further its clinical development program through S-3 stock purchases. "This
financing highlights our investor's confidence in AXIM and our potential for success in cannabinoid-based pharmaceutical
research," said George E. Anastassov, MD, DDS, MBA and Chief Executive Officer of AXIM Biotech.
"This deal will allow AXIM to move forward with a number of clinical projects including our bio-equivalent dronabinol chewing-gum
based product and the MedChewRx™ program for treatment of pain and spasticity in Multiple Sclerosis patients."
Cronos Group Inc. (NASDAQ: CRON) is a globally diversified and vertically integrated cannabis company with a presence
across four continents. The Company operates two wholly- owned Canadian licensed producers regulated under Health Canada's Access
to Cannabis for Medical Purposes Regulations. Cronos Group recently announced it will hold its 2018 Annual and Special Meeting of
Shareholders on Thursday, June 28, 2018 at 9:30 a.m. at the offices
of Blake, Cassels & Graydon LLP located at 199 Bay Street, Suite 4000, Commerce Court West, Toronto. A live audio webcast and replay of the meeting will also be available in the investor relations
section of the Company's website.
Subscribe Now! Watch us report LIVE 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. 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, recommendations 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 weedmd inc. financial news dissemination and PR services, FinancialBuzz.com has
been compensated five thousand dollars by the company. 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 .
Media Contact:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com