NEW YORK, August 9, 2018 /PRNewswire/ --
According to a research report by Mordor Intelligence, the global cannabis market was valued at USD 7.7
Billion in the year 2016 and is expected to reach USD 65 Billion by the year 2023, while
registering a healthy CAGR of 37% during the forecast period. The strong growth is attributed to the continued legalization of
cannabis use for medical and recreational purposes across various states in the U.S. North
America accounts for more than 95% of the global cannabis market, with the U.S. alone making up more than 90% of the North
American and the global market. Crop Infrastructure Corp. (OTC: CRXPF), General Cannabis Corp. (OTC: CANN), iAnthus Capital
Holdings Inc. (OTC: ITHUF), 22nd Century Group Inc. (NYSE: XXII), Invictus MD Strategies Corp. (OTC: IVITF)
On June 19 th, Canada had legalized cannabis on a
national level, and is now the first G20 nation to do so. A research by PwC indicates that more than 100 licensed producers (LPs)
already populate Canada's cannabis landscape, with hundreds more awaiting government approval.
Most LPs are still in startup mode, despite being in operation for a few years. Darren Henderson,
Partner at PwC Canada's Technology, InfoComm, and Entertainment & Media consulting explained, "The cannabis industry is
blossoming. With the upcoming legalization of cannabis for recreational use by the Federal Government, the sector is expected to
grow as producers, manufacturers, and companies from across the value chain embrace opportunities in both the recreational and
medical markets."
Crop Infrastructure Corp. (OTC: CRXPF) is also listed on the Canadian Securities Exchange under the ticker (CSE: CROP).
Just earlier today, the Company announced that, "its tenant at the Humboldt County California
property has started harvesting 10,000 sq. ft. of greenhouses.
The operation began in the first of five 2,000 sq. ft. greenhouses and the remaining four greenhouses will be harvested at the
rate of one per week. As each greenhouse is harvested new starter plants will populate the canopy space. Once the crops have all
been taken down an additional 20,000 sq. ft of canopy crop will be harvested at which time the plants should be mature.
CROP Infrastructure Director & CEO, Michael Yorke, states, "This is an exciting time at
CROP as our California property's tenact reaches its first harvest. First production is always a
very important milestone as the results will be analyzed closely and will give an indication of what is not only achievable long
term on this property, but also similar ones."
About Humboldt Holdings LLC: Located in Humboldt County, California the property is 8.46
acres and currently houses a 10,000 sq. ft. greenhouse as well as a barn, garage and residence. On site are five 5,000-gallon
water tanks, a well and pump house and a 30 x 60 ft. drying shed. The property is zoned for a 10,000 sq. ft. medical and a 20,000
sq. ft. recreational cannabis license."
General Cannabis Corp. (OTCQX: CANN) is the comprehensive national resource for the highest quality service providers
available to the regulated cannabis industry. The Company recently announced its financial results for the quarter ended
June 30th, 2018. "We broke the USD 1 Million revenue ceiling in the
second quarter of 2018, with revenues of USD 1,114,541, an increase of 34% over 2017. Year to date
revenues increased 32% in 2018 over 2017," said Robert Frichtel, Chief Executive Officer of
General Cannabis. "Our Operations segment continues to find opportunities from the expansion of legalized cannabis in numerous
states, our Security segment is gaining traction in California, and Chiefton's apparel business
is achieving broader, national success," said Robert Frichtel Chief Executive Officer, General
Cannabis Corp. "With a suite of goods and services for customers across the cannabis industry, we are realizing the benefit of
providing a synergistic set of solutions to help cannabis businesses realize their growth potential," said Joe Hodas, Chief Operating Officer of General Cannabis. "Our revenue growth reflects the effectiveness of our
focus on driving sales and the quality of our deliverables. In addition, I am proud to share that we became founding members of
the Cannabis Trade Federation in the second quarter, which is a tangible demonstration of our belief in the importance of
supporting the industry by driving legislation favorable to its continued expansion," continued Joe
Hodas, Chief Operating Officer, General Cannabis.
iAnthus Capital Holdings Inc. (OTCQB: ITHUF) owns and operates best-in-class licensed cannabis cultivation,
processing and dispensary facilities throughout the United States, providing investors
diversified exposure to the U.S. regulated cannabis industry. iAnthus recently announced that its wholly-owned subsidiary, Citiva
Medical LLC, has begun construction on its 39,500 sq. ft. medical cannabis cultivation and processing facility, located at the
former Mid-Orange State Correctional Facility in the Town of Warwick, New York. Citiva, one of
only ten New York State licensed medical cannabis Registered Organizations, received its license
to operate one cultivation/processing facility and four dispensaries on August 1st, 2017. The
facility will implement high-end technology and cultivation practices to maximize efficiencies and production, including a
positive pressure air system, mobile containers, desiccant dehumidification systems, acrylic glazing, and a unified program for
environmental, irrigation and lighting controls. These state-of-the-art processes will enable perpetual harvesting, with an
estimated yearly production of 2,400 kg of medical cannabis.
22nd Century Group Inc. (NYSE: XXII) is a plant biotechnology company focused on technology which allows it to increase
or decrease the level of nicotine in tobacco plants and the level of cannabinoids in hemp/cannabis plants through genetic
engineering and plant breeding. The Company recently announced its second quarter 2018 financial results. With net sales revenue
of more than USD 6.9 Million, 22nd Century posted another record quarter. At the same time, 22nd
Century significantly increased spending - to more than USD 2.7 Million this quarter - on the
Company's Modified Risk Tobacco Product ("MRTP") application to the U.S. Food and Drug Administration ("FDA") for "BRAND A" Very
Low Nicotine cigarettes. As of June 30th, 2018, the Company had more than USD 53 Million in cash and short-term investments, which are sufficient reserves to meet regular operating
expenses for a number of years. On June 25th, 2018, 22nd Century announced that it was added to the
Russell 2000, Russell 3000, and Russell Global Indexes when FTSE Russell reconstituted its U.S. and global equity indexes on
June 22nd, 2018.
Invictus MD Strategies Corp. (OTCQX: IVITF) is a global cannabis company offering a selection of products under a wide
range of lifestyle brands. Invictus' integrated sales approach is defined by five pillars of distribution including medical,
wholesale, international, Licensed Producer to Licensed Producer and retail. Recently, the Company had announced that is has
signed a commitment letter for a USD 25.5 Million debt financing arrangement with an interest rate
at prime plus 2% per annum with ATB Financial ("ATB") to accelerate the construction of its Phase 3 and Phase 4 cannabis
cultivation facilities at Acreage Pharms Ltd., located in West-Central Alberta. The Expansion Plan will add a total of 180,000
sq. ft. of production capacity to Acreage Pharms. "We're ramping up production for the adult-use market in Canada" said Dan Kriznic, Chairman and Chief Executive Officer of Invictus.
"As a fast-growing cannabis company, Invictus is aiming to further strengthen its stake in the marketplace with continued
development of construction projects, quality products and retail presence. It's great to see traditional lenders coming into the
cannabis space and ATB has proven to be a long-term partner that will not only help finance the Expansion Plan at Acreage Pharms
but will also finance other expansion plans as they come to fruition."
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 Crop Infrastructure Corp. 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
http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com