NEW YORK, June 15, 2018 /PRNewswire/ --
According to a report published by research firm Cowen & Co., the U.S. legal cannabis industry is expected to
reach USD 75 Billion in sales by 2030. The research clarifies that the increasing consumer backing of legal cannabis,
and its wider access, is driving meaningful change at the state level. Moreover, Cowen expects to see ballot initiatives to
legalize cannabis for adult-use in both Michigan and Illinois in the upcoming midterm elections. Furthermore,
expanded access in Maine, Massachusetts and New Jersey might inspire other states in the Northeast to
pursue legalization. WeedMD Inc. (OTC: WDDMF), Hiku Brands Company Ltd. (OTC: DJACF), Aurora Cannabis Inc. (OTC: ACBFF),
Aphria Inc. (OTC: APHQF), INSYS Therapeutics, Inc. (NASDAQ: INSY)
The recent progress, from both the political and technological grounds, has helped push the market in new directions.
Editor-in-Chief at Arcview Market Research and Principal Analyst at BDS Analytics, Tom Adams,
explained: "Our data shows positive indicators across the board for the legal cannabis industry, in North America and around the globe. The passage of the 2016 ballot initiatives and continued maturation of
the existing Adult-Use markets are the primary drivers of the growth this year. That's nothing compared to what we can expect in
2018 and beyond from Nevada's tourism, and California and
Canada planning to launch Adult-Use sales in 2018."
WeedMD Inc. (OTC: WDDMF) also listed on the Toronto Stock Exchange Venture under (TSX-V: WMD). Yesterday WeedMD Inc.
and Hiku Brands Company Ltd. announced that "WeedMD has obtained an interim order from the Ontario Superior Court of Justice
authorizing the holding of an annual and special meeting of WeedMD shareholders to consider the previously announced merger
between Hiku and WeedMD.
As described in the joint Hiku and WeedMD press release dated April 19, 2018, WeedMD will be
seeking WeedMD Shareholder approval for the Arrangement under the Business Corporations Act. The WeedMD Meeting to consider the
Arrangement Resolution will be held on Wednesday, July 11, 2018 at 10:00
a.m. (Toronto time) at Fogler, Rubinoff LLP, located at TD Centre North Tower, Suite
3000, 77 King Street, Toronto, Ontario. WeedMD Shareholders of record as of the close of
business on May 23, 2018 are eligible to vote at the WeedMD Meeting.
The information circular with respect to the WeedMD Meeting is in the process of being mailed out to the WeedMD Shareholders
and will also be available under WeedMD's profile on SEDAR at http://www.sedar.com."
Hiku Brands Company Ltd. (OTC: DJACF) is focused on building a portfolio of engaging cannabis brands, unsurpassed
retail experiences and handcrafted cannabis production. The Company recently announced its congratulations to the Ontario
Progressive Conservative Party on their election victory on June 7th, 2018 in Ontario. Hiku is a proudly Canadian cannabis company with its head office in Ontario. With its portfolio of iconic cannabis brands, including our private sector retail store front Tokyo
Smoke, featuring locations across the country with the highest concentration in Ontario, Hiku is
looking forward to the significant work ahead to educate and enlighten Ontario cannabis
consumers and non-consumers alike as the federal government moves forward with legalization of adult use cannabis. Hiku looks
forward to working cooperatively with the new government, the Ontario Cannabis Store, and other regulatory bodies.
Aurora Cannabis Inc. (OTCQB: ACBFF) is a licensed producer of medical cannabis pursuant to Health Canada's Access to
Cannabis for Medical Purposes Regulations. The Company announced that they have signed a binding term sheet whereby Aurora
intends to acquire all of the issued and outstanding common shares of privately-held Anandia in an all share transaction valued
at approximately USD 115 Million on a fully diluted basis. Anandia's intellectual property ("IP")
includes the exclusive rights to a number of key genes in the cannabinoid pathway, as well as patents pending for genetic
markers. The strength of Anandia's expert staff, proprietary assets and know-how will provide Aurora with a very significant
advantage in developing new cannabis cultivars. Combining with Aurora gives Anandia access to significant new market
opportunities in Canada and internationally through Aurora's global footprint. This is a
transformative acquisition that expands our science capabilities in the upstream segment of the seed-to-sale cannabis value
chain, significantly boosting plant-based innovations in cultivation, enabling accelerated product development, and, ultimately,
enhancing our margin profile going forward," said Terry Booth, CEO of Aurora.
Aphria Inc. (OTC: APHQF) is 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. The Company recently released a statement in response to the passage of Bill C-45, the Cannabis Act, in the Senate of
Canada. "Today's passage of Bill C-45 through the Senate is a historic milestone towards safe
and legal recreational cannabis in Canada. We applaud the government's drive to establish a
rational regulatory framework for adult-use cannabis that is designed to protect public health and safety, restrict access to
youth, and eliminate the black market. It is a significant day that further cements Canada as
the preeminent leader in the global cannabis sector," said Vic Neufeld, CEO of Aphria.
INSYS Therapeutics, Inc. (NASDAQ: INSY), a leader in the development, manufacture and commercialization of
pharmaceutical cannabinoids and spray technology, recently announced hat its investigational epinephrine nasal spray showed
promise in an early clinical trial as a potential needle-free, non-invasive and easy-to-use alternative to intramuscular
injection for the treatment of anaphylaxis. "If the results of the initial study are borne out in a subsequent trial, this
epinephrine nasal spray may become a viable alternative for patients with food allergy, venom allergy or other causes of
anaphylaxis who must be prepared to treat it rapidly and effectively when it occurs," said Dr. David
Fleischer, an associate professor of pediatrics at the University of Colorado School of
Medicine and Children's Hospital Colorado who served as an advisory board physician. "Because epinephrine is the first-line
treatment for anaphylaxis, having other effective delivery options, such as a needleless alternative, may be attractive to
patients and healthcare providers, as well as parents, school nurses, first responders and emergency department staff."
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