NEW YORK, October 3, 2018 /PRNewswire/ --
A report published by Grand View Research estimates that the global legal cannabis market is expected to reach
USD 146.4 Billion by end of 2025 and is expected to exhibit a CAGR of 34.6% during the forecast
period of 2017 to 2025. The U.S. legal cannabis market alone reached an estimated value of USD 7.06
Billion in 2016 and is expected to grow at a CAGR of 24.9% from 2017 to 2025. Legal cannabis has started gaining momentum
globally due to very high demand among consumers and the increasing legalization of recreational and medical products in various
countries. An important aspect of the growing industry is the continued diversification of product lines. An increasing number of
companies operating in the cannabis market are expected to bolster the quantity and variety of products reaching end
users. Victory Square Technologies Inc. (OTC: VSQTF), Future Farm Technologies Inc. (OTC: FFRMF), Choom Holdings Inc. (OTC:
CHOOF), MassRoots, Inc. (OTC: MSRT), mCig, Inc. (OTC: MCIG)
Technological innovation is playing an important role in the legal cannabis market. According to Grand View's research," the growing research in cannabis industry has led to introduction of new marijuana
strains. These advances in new product development is expected to enhance product adoption among consumers. Legal marijuana
market is witnessing strong technological and information exchange. Countries like Canada, the
U.S., Germany and Australia are expected to emerge as leading
markets in terms of sale, whereas, countries like Israel are focusing on research and technology
development and are leveraging on knowledge transfer."
Victory Square Technologies Inc. (OTCQX: VSQTF) is also listed on the Canadian Securities Exchange under the
ticker (CSE: VST). Yesterday, the Company announced breaking news that, "its newly established cannabis accelerator Grow
Tech Labs (the "GTL") (http://www.growtechlabs.com) is joining with
Launch Academy (http://www.launchacademy.ca) to develop cannabis
innovation, entrepreneurship and investment.
'This is the kind of partnership that demonstrates why Vancouver is a growing technology
center,' said Shafin Diamond Tejani, CEO of Victory Square Technologies. 'Vancouver will continue to be a leader in cannabis innovation and development. This latest partnership with
Launch Academy and Barinder Rasode at the helm of cannabis innovation at GTL, start-up ventures and entrepreneurial teams will
have access to Victory Square's world-leading acceleration program. Victory Square is incredibly excited to add exposure to the
growing cannabis sector for our shareholders to partake in its incredible growth. These new opportunities will continue to focus
on being on the cutting-edge of innovation.'
By combining forces with Launch Academy, newly established Grow Tech Labs has a foundation to welcome budding cannabis
innovators to Vancouver as legalization is announced. GTL was established to drive cannabis
innovation by attracting ambitious entrepreneurs from across Canada and around the world to
Vancouver. This initiative will aid in extending British
Columbia's international reputation as a leader in recreational and medicinal cannabis innovation and development.
'I am excited to work with this next wave of entrepreneurs, innovators and leaders who have been brought here by their desire
join the innovation that is occurring in Vancouver's cannabis sector,' said Ray Walia, founder and CEO of Launch Academy. 'GTL's cannabis accelerator is a perfect fit with our philosophy
of execution and traction, and I'm looking forward to working with Barinder and helping to guide innovation in this area.'
'Ray and Launch Academy have a reputation for driving development and innovation in Vancouver. We will work together to drive cannabis innovation in Vancouver
using the methods and training Launch Academy has perfected over the last six years,' said Barinder Rasode, CEO of Grow Tech
Labs. 'Being located in downtown Vancouver with access to a vibrant tech community and easy
access to over 80 technology accelerators around the world through Launch Academy, is the kind of advantage I'm excited to extend
to entrepreneurs from across Canada and around the world who have ideas for innovation in
cannabis.'
GTL will expand BC's global status as a leading cannabis innovator in the following ways:
- Providing direct support, access to capital, mentorship and licensed space to locate innovative start-up companies in
British Columbia, Canada
- Delivering world-class programs in innovation, entrepreneurship and mentorship created by successful innovators and
entrepreneurs
- Providing a platform for attracting international investment
- Accelerating the participation of small BC producers and processors in the legal marketplace
- Establishing programs dedicated to companies founded and owned by women and Indigenous Peoples
- Establishing partnerships with community, government, business and education organizations
- Developing a culture of corporate social responsibility"
Victory Square Technologies is an accelerator with 20+ portfolio companies focused on emerging technologies such as:
Blockchain, Machine Learning, Artificial Intelligence and VR/AR. VST has a proven process for identifying and investing in
extraordinary start-ups who are working on innovative and disruptive projects in every sector of the global economy, including
Finance, Health, Real Estate, Insurance, Cannabis, Entertainment and Education. We use our experience, expertise and resources to
help grow and scale these portfolio companies, which results in explosive returns for VST and its shareholders. For more
information, please visit http://www.victorysquare.com."
Future Farm Technologies Inc. (OTCQB: FFRMF) is a Canadian company with holdings throughout North America including California, Massachusetts, Florida, Maine,
Puerto Rico and Newfoundland. Future Farm Technologies Inc.
recently provided further information regarding the spin-out of 11,000,000 common shares of NexTech AR Solutions Corp. As
previously announced, the effective date of the spin-out was August 31st, 2018. Under the terms of
the spin-out, any holder of record of Future Farm common shares as of August 30th, 2018 is entitled
to receive approximately 0.086145 of a NexTech common share for each common share of Future Farm held by that shareholder. No
fractional NexTech shares were issued and the number of such shares issued to each eligible Future Farm shareholder was rounded
up or down to the next whole number. NexTech is seeking a listing of its common shares on the CSE. There can be no guarantee that
the NexTech shares will be listed on any stock exchange. NexTech AR Solutions Corp. is bringing augmented reality to the cannabis
market by turning 2D products into exciting 3D consumer experiences. NexTech is currently developing a proprietary and disruptive
Augmented Reality (AR) advertising and education platform that uniquely engages by connecting brands and retailers through a
fully immersive 3D AR experience called Native AR.
Choom Holdings Inc. (OTCQB: CHOOF) brand is inspired by Hawaii's "Choom Gang"- a group of buddies in Honolulu during the 1970's who loved to
smoke weed-or as the locals called it, choom. Choom™ recently announced that it has executed an agreement for cannabis
distribution with ParcelPal Technology Inc. (OTC: PTNYF). ParcelPal is a technology-driven logistics company that connects
consumers with local retailers to get their products delivered quickly and affordably. ParcelPal offers on-demand delivery of
merchandise from leading retailers, restaurants, liquor stores and soon medical and recreational marijuana in major cities
Canada-wide. Their technology handles the complete requirements of hyperlocal logistics by
bringing the merchants and customers onto a single platform. President and Chief Executive Officer Chris
Bogart from Choom, states, "We recognize the importance of utilizing the existing technology of ParcelPal's mobile app in
concert with their outstanding track record of home delivery execution. We believe this will provide an exceptional customer
experience and we are excited to offer this to our valued customers upon the upcoming rollout of our retail strategy."
MassRoots, Inc. (OTCQB: MSRT) is one of the leading technology platforms for the regulated cannabis industry. Powered
by more than one million registered users, the Company's mobile apps empower consumers to make educated cannabis purchasing
decisions through community-driven reviews. MassRoots, Inc. recently announced it has launched revamped mobile applications in
the iOS App Store and Google Play. These mobile applications are expected to serve as a solid
foundation for an updated dispensary finder and blockchain-powered utilities to incentivize user-growth and product reviews.
These new features, in addition to an updated business portal, are expected to be launched in the coming weeks. "We believe the
weeks leading up to April 20th will provide MassRoots a unique opportunity to introduce our updated
platform, as well as new features, to cannabis consumers and businesses," stated MassRoots Chief Executive Officer, Mr.
Isaac Dietrich. "We have spent the past several months making significant improvements in
MassRoots' infrastructure, developing blockchain-powered features in our platform, and revamping our business portal. We are
excited to release these updates and new features to our community and clients."
mCig, Inc. (OTCQB: MCIG), headquartered in Jacksonville, Florida, is a diversified
company servicing the legal cannabis, hemp, and CBD markets via its lifestyle brands. mCig, Inc. recently announced that the
company has launched a CBD Pet Products line, Artax, as well as a new e-commerce CBD market, https://www.CBD.Biz/. Animal lovers
are looking for a natural and safe approach to improving the health and wellness of their pets. Recent research shows steady
growth in the pet supplement market, with an anticipated compound annual growth rate of 5% between 2018 and 2022. The new CBD pet
line, Artax, includes organic CBD infused pet treats, oral drops, shampoo, and oral sprays. Expert-crafted formulations are made
with premium, human-grade ingredients and organic hemp extract. "We are excited to launch our premiere CBD product line for pets.
These new products have been in the works for some time as we realize the growth of the pet market and its importance to the
domestic and international markets," says Paul Rosenberg, MCIG's Chief Executive Officer.
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 Victory Square Technologies 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