NEW YORK, December 18, 2018 /PRNewswire/ --
A lot of countries are invested into the medical cannabis segment, but Canada's recent
legalization of cannabis nationwide could cause a spark for the recreational segment. However, the industry still remains in its
infancy stage, as only Canada and Uruguay have legalized
cannabis entirely. Despite the regulations and restrictions imposed upon cannabis, the market is still positioned for significant
growth. According to data compiled by Markets and Markets research, the global cannabis market is expected to grow from
USD 10.3 Billion in 2018 to USD 39.4 Billion by 2023. Furthermore,
the market is projected to grow at a CAGR of 30.7% during the forecast period. Currently, the market will continue to be driven
by the growing medical segment and the growing number of countries legalizing cannabis. Global Payout, Inc. (OTC: GOHE). Auxly
Cannabis Group Inc. (OTC: CBWTF), NightFood Holdings, Inc. (OTC: NGTF), Freedom Leaf Inc. (OTC: FRLF), Potnetwork Holdings, Inc.
(OTC: POTN)
The cannabis industry is expected to witness its largest growth in the U.S. and Canadian markets. Although the U.S. has not
fully legalized cannabis, medical use has been legalized in 33 states and the District of
Columbia. However, there are also 10 states that have legalized cannabis on a recreational level. States like California, Colorado and Washington are
the primary drivers for the market, as they all drove in over USD 1 Billion in revenue in 2017,
according to Forbes. Now, with the recent passing of the U.S. Farm Bill, the market is projected to accelerate even further. The
bill was passed through the Senate and the House, and is now awaiting approval from the President. Either way, when the President
signs this landmark legislation into law, the entire cannabis industry, and commerce alike, will finally have breathing room. For
marijuana businesses, hemp would be fully legal, according to the Federal Government. "Every barrier to entry in banking,
commercial real estate, intellectual property and everything in between will lift - advancing the industry one monumental step
further to social acceptance of marijuana as simply a commodity just like any other commodity - like cabbage perhaps," said
Robyn Ranke, Attorney at Eskaton Law, which specializes in cannabis related cases.
Global Payout, Inc. (OTC: GOHE) yesterday, the Company announced that, "they have executed an affiliate agreement to
offer a unique, first-of-its kind, turn-key cannabis payment platform for dispensaries nationwide, combining the MTrac technology
with Baker's CRM Platform and marketed by DEWL, LLC an affiliate of SUPERBAD BRAND.
This strategic alliance was formed to solve growing issues with payment processing in industries considered "high-risk"
including the Cannabis industry. This new payment solution collaboration between Baker, MTrac and SUPERBAD BRAND, is based on a
secure blockchain-based payment system brought to market by MTrac, with Baker providing the CRM solution, and SUPERBAD BRAND and
DEWL managing all sales and marketing efforts through this collaboration, for dispensaries nationwide.
The new payment platform will offer dispensaries a turnkey solution for payment processing and will initially be targeted for
implementation in more than (1,000) one thousand dispensaries currently using the Baker CRM Platform.
'For a Company like MTrac, you really can't have too many strategic partners. This is exactly the kind of relationship you
want to build, one where the skills and resources of each company complement one another. I am very excited about this agreement
and we expect implementation in these locations to begin in the next two weeks,' said Vanessa
Luna, MTrac's CEO.
About Global Payout, Inc. (OTC: GOHE): From 2014 to 2017 Global focused on identifying new state of the art technologies in a
variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech
space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the
wholly owned subsidiary, MTrac Tech Corporation. Global's current focus is continuing to identify new business opportunities
while it reorganizes its future business endeavors."
Auxly Cannabis Group Inc. (OTCQX: CBWTF) is a collective of entrepreneurs with a passion for the cannabis industry
past, present and future. Auxly Cannabis Group Inc. recently announced that the Company has entered into a binding interim
agreement with Atlantic Cultivation Inc., an applicant under the Access to Cannabis for Medical Purposes Regulations
pursuant to which the parties will collaborate on the development of a 110,000 square foot indoor cultivation facility in
St. John's, Newfoundland and Labrador and on the development of
retail locations in the province. Pursuant to the Agreement, Auxly will invest USD 2,500,000 into
Atlantic in exchange for a 50% equity stake in Atlantic and a long term right to purchase up to 30% of dried cannabis and
cannabis trim produced at the Facility. Auxly will also provide strategic regulatory, infrastructure, design and cultivation
support to assist Atlantic in obtaining its licence under the Cannabis Act and in opening retail locations in the
province. Hugo Alves, President and Director of Auxly commented: "We are excited to have entered
into this partnership with Atlantic Cultivation, a company led by an excellent management team with deep roots in Newfoundland and Labrador. This strategic partnership adds significant
depth to our operations in Atlantic Canada. This partnership with Atlantic, coupled with our
premium craft producer Robinson's Cannabis in Nova Scotia and our world class innovation and
extraction hub at Dosecann in PEI demonstrates Auxly's commitment to Atlantic Canada where we
are building meaningful cannabis businesses that have a positive impact on the region."
NightFood Holdings, Inc. (OTC: NGTF), operates both NightFood, Inc. and MJ Munchies, Inc. MJ Munchies, Inc., a
wholly owned subsidiary of Nightfood Holdings, Inc., has recently announced that a Letter of Intent has been signed with a
cannabis beverage and edibles company to license the Half-Baked brand in the state of Colorado.
The final licensing agreement is expected to be completed in the coming weeks, and to include quarterly royalty payments from the
Licensee, along with an option to expand the relationship into other states. There will also be the possibility for the Licensee
to acquire the national rights to the Half-Baked brand if certain operational milestones are achieved within certain specified
timeframes. The Licensee will have the rights to manufacture, market, and distribute products in Colorado under the Half-Baked brand in both beverages and edibles. The Agreement will require that a
Half-Baked THC-infused beverage in a "shot" format be brought to market before March 31, 2019.
"Edibles and beverages are clearly the future of recreational cannabis consumption," commented MJ Munchies Chief Executive
Officer Sean Folkson. "With the launch of Half-Baked edibles in California next quarter, it was important to us not only to add a second geographic market, but to launch a
Half-Baked beverage. For several reasons, we have agreed that a Half-Baked THC-shot, similar in format to a 5-Hour Energy shot,
be the first product brought to market under this agreement."
Freedom Leaf Inc. (OTCQB: FRLF), a group of diversified, international, vertically-integrated hemp businesses
concentrating on health, wellness, and education as well as cannabis media companies. Freedom Leaf Inc., owner of full spectrum
CBD brands IrieCBD and Hempology, recently announced that it has received a significant investment from cannabis private equity
firm Merida Capital Partners to further expand its existing US sales channels and accelerate its European hemp cultivation
operations. Freedom Leaf and Merida have also agreed in principal to a strategic partnership by which Merida will provide certain
operational resources and support for both Freedom Leaf's US hemp-based cannabidiol (CBD) sales efforts and their global
cultivation operations. In connection with Merida's investment, Merida Senior Partner David Goldburg will be joining the Freedom
Leaf Board of Directors. Clifford Perry, Chief Executive Officer of Freedom Leaf, commented on the
investment and partnership, "Receiving an investment from a leading cannabis firm like Merida, which already has investments in
key supply chain providers like KushCo, GrowGeneration and Emerald Scientific, should drive our US expansion and ensure we are
building our CBD production business efficiently, while also giving us incredible support in our global expansion."
PotNetwork Holdings, Inc. (OTC: POTN) is a publicly traded company that acts as a holding company for its principal
subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products. PotNetwork Holdings,
Inc. recently announced that its subsidiary Diamond CBD is launching a new program to raise mainstream consumer awareness on the
potential health benefits of CBD Products, while significantly enhancing its distribution footprint through a new and diverse
segment of the rapidly growing market. Kevin Hagen, Chief Executive Officer of the Company,
stated: "As everyone knows, millions of people frequent their local malls each week. We perceived this as an opportunity to
simultaneously broaden our distribution footprint, and spike consumer brand awareness and preference. As a result, we are
embarking on a program to rollout early next year, where dedicated kiosks and merchandising carts can be placed within major
malls across America, starting in our own backyard of South Florida."
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