NEW YORK, August 30, 2018 /PRNewswire/ --
According to the data compiled by Energias Market Research, the global medical cannabis market is expected to increase
from USD 8.28 Billion in 2017 to USD 28.07 Billion in 2024 while at a CAGR of 19.1% from 2018 to 2024. There
are numerous key aspects that are expected to help drive the growth of the industry, including growing recognition of medicinal
benefits, stronger demand for cannabis in the treatment of various medical conditions, as well as a growing number of R&D
investments. Sales of cannabis products for recreational use are also projected to grow as a result of California's new
cannabis laws which went into effect earlier this year. While the State is the largest market, Canada will show strong
sales as well, as a report by Deloitte projects the Canadian market will be worth at least USD 5 Billion in sales in
2018. Crop Infrastructure Corp. (OTC: CRXPF), GB Sciences, Inc. (OTC: GBLX), Freedom Leaf, Inc. (OTC: FRLF), PotNetwork
Holdings, Inc. (OTC: POTN), United Cannabis Corporation (OTC: CNAB)
The recent advancements from both the political and technological standpoints, have 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."
Crop Infrastructure Corp. (OTC: CRXPF) is also listed on the Canadian Securities Exchange under the ticker (CSE:
CROP). Earlier this week, the Company announced that, "its tenant has now commenced commercial production at Wheeler Park.
The facility is designed for perpetual harvest of cannabis at 'The Park', its state-of-the-art facility in Washington State. Crop's licensed tenant grower has now advised the Company that it expects its first
harvest of cannabis within weeks and it will be at full-scale production in September 2018. The
perpetual harvest system utilizes cannabis strains with a 55-60 day flower cycle. Every other day the tenant grower removes three
trays of flowered plants from the finishing end and harvests the plants, while simultaneously loading three new trays with plants
to begin the flowering process.
The Park cannabis greenhouse is 35,000 sq. ft. and sits on approximately nine acres of land. The facility recently
underwent a complete retro-fit for hydroponic automation and the addition of 500 Gavita HPS grow lights. The greenhouse facility
has five flowering bays that are designed to yield, at full scale production, approximately 12,000 pounds of high quality
cannabis annually (~1,000 pounds per month). The current operating cost is USD 50,000 per
month."
CROP Infrastructure Director and CEO, Michael Yorke, stated, "With harvests now underway in
California along with our Washington tenant weeks away from its
first harvest, the Company is now at a turning point. The Company expects four of its six tenant licensees to harvest at its
farms, with each set to begin cash flowing in Q4 2018."
GB Sciences, Inc. (OTCQB: GBLX) is a diverse cannabis company, focused on standardized cultivation and production
methods; as well as biopharmaceutical research and development. Recently, GB Sciences and the LSU Agricultural Center, have
commenced operation in the environmentally controlled grow pod. The first plants in production were developed through tissue
culture propagation to ensure genetic consistency. Once operating at full capacity, the facility will have plants at
staggered stages of growth, enabling a continuous harvesting cycle that will provide the raw material for Louisiana's therapeutic cannabis program. Final formulations are expected to be available in November of
this year. Once construction of the production facility is complete, the facility will house a 5,000 sq. ft., state of the art
laboratory operated by LSU AgCenter researchers.
Freedom Leaf, Inc. (OTCQB: FRLF) is a group of diversified, international, vertically-integrated hemp businesses
concentrating on health, wellness, and education as well as cannabis media companies. Earlier this month, the Company announced
that it has consummated a 100% acquisition of Tierra Science Global, LLC, a company specializing in health supplements supporting
peak bio-energy levels in humans which are currently distributed via highly motivated direct sales teams and well-established
affiliate programs in Europe, Asia and the United States. Tierra Science Global is led by founding managers, Mark Rolando
Rosales and Marc Viterillo. Rosales has over 25 years of success in direct sales and network marketing, while Viterillo is
a software development expert with extensive experience in online sales. Freedom Leaf will take the brand and potential revenues
one significant step further by manufacturing a number of unique Full Spectrum Hemp/CBD oil products.
PotNetwork Holdings, Inc. (OTC: POTN) is a publicly traded company that acts as a holding company for its subsidiaries,
First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils. On August
15th, 2018, the Company announced that its six-month operating results have been posted in the form of
unaudited financial statement and a supplemental disclosure. With revenues of USD 12,044,028, the
Company has demonstrated the result of its continuously strengthening momentum. The year-to-date results are more than twice its
6-month revenues in 2017 of USD 5,077,625, an increase of 137% year-over-year. Diamond CBD focuses
on the research, development, and multinational marketing of premium hemp extracts that contain a broad range of cannabinoids and
natural hemp derivatives. Diamond CBD's team consists of hemp industry pioneers and natural product experts, chemists, doctors
and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils.
United Cannabis Corporation (OTCQB: CNAB) is a biotechnology company dedicated to the development of phyto-therapeutic
based products supported by patented technologies for the pharmaceutical, medical, and industrial markets. Earlier this month,
the Company announced that it has initiated clinical trials on its Prana Bio Nutrient Medicinals P1 Capsules for the treatment of
chronic pain at Jamaica's University of the West Indies. The study,
titled, "An Open Label, Phase 1, 2-Way crossover study evaluating the pharmacokinetics of Prana P1 THC activated capsules," is be
conducted in conjunction with Cannabinoid Research & Development ("CRD"), the Company's Jamaican subsidiary, at the Centre
For Cannabis Research at the University's Mona Campus. Cannabinoid Research & Development
(CRD), a subsidiary of United Cannabis, is a Jamaican based corporation pursuing local licensing to advance the use of medical
cannabis therapies through biomedical research and development for the nutraceutical industry.
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 .
For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879
URL: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com