NEW YORK, January 9, 2018 /PRNewswire/ — According to a report by Ameri Research Inc., the global legal cannabis market was valued at $14.3 billion in 2016 and is estimated to grow at a CAGR of 21.1% between 2017 to 2024 and culminating to $63.5 billion by 2024. The market is going through a period of strong development thanks to growing legalization and decriminalization of cannabis products across North America and Europe. The report indicates that due to the complex regulatory structure at state and federal levels, the full potential of the market is not realized. In the U.S, currently 28 states have approved the use of cannabis products for medical purposes. In addition, major markets like Colorado, California, Alaska, Massachusetts and Nevada approved cannabis for recreational use. Doja Cannabis Co Ltd. (OTC: DJACF), Golden Leaf Holdings Ltd. (OTC: GLDFF), New Age Farm Inc. (OTC: NWGFF), Future Farm Technologies Inc. (OTC: FFRMF), Cannabis Wheaton Income Corp. (OTC: CBWTF)
California's new recreational cannabis laws went into effect on January 1st, 2018. While California is the largest market, Canada is projected to show strong sales as well. Deloitte's report estimates the Canadian market will be worth at least $5B in sales in 2018. Tom Adams, Editor-in-Chief at Arcview Market Research and Principal Analyst at BDS Analytics 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."
Doja Cannabis Co Ltd. (OTC: DJACF) also listed on the also listed on the Canadian Stock Exchange under the Ticker 'DOJA'. Just earlier today the company announced breaking news that, "closing of its previously announced non-brokered private placement of subscription receipts (the "Subscription Receipts") whereby Aphria Inc. (" Aphria ") (TSX:APH and US OTC: APHQF) and Koicha Partners LP acquired from DOJA an aggregate of 8,992,807 Subscription Receipts of the Company at a price per Subscription Receipt of $1.39 for gross proceeds of $12,500,001.73 (the " Offering ").
The financing supports the strategic positioning of Hiku Brands Company Ltd. (" Hiku "), the anticipated combined company resulting from the merger (the " Merger ") of DOJA and TS Brandco Holdings Inc. (" Tokyo Smoke "), an award-winning lifestyle brand and retail-focused cannabis company (see DOJA's press release of December 21, 2017). The merger of DOJA and Tokyo Smoke creates the first retail-focused, craft cannabis producer, and with a portfolio of highly recognizable brands, Hiku is strategically positioned to become the preeminent craft cannabis brand house in the Canadian adult-use cannabis market.
"We're thrilled to have strategic partners in Aphria and Koicha Partners," said Trent Kitsch, CEO of DOJA. "Once the merger with Tokyo Smoke goes through, this strategic investment will strengthen Hiku, financially as well as through its brand recognition and product and market reach. Expanding Hiku's retail footprint, targeting provinces allowing private cannabis retail, and building a portfolio of recognizable consumer brands and products will be key differentiators for Hiku."
Upon completion of the merger and formation of Hiku, a new Board of Advisors will be appointed, with expert leadership in retail, finance, cannabis and branding. The first such appointment is Canadian retail maven Joe Mimran . Mr. Mimran, a fashion designer and entrepreneur, has launched and ran numerous iconic fashion brands including Club Monaco and Joe Fresh.
"I strongly believe that Hiku will be the market leader in recreational cannabis, at the critical intersection of brand and retail," commented Mr. Mimran. "Their focus on quality and customer experience matched with a keen eye for aesthetic has long been the hallmark of successful retail in Canada…"
________________________________________________________________________________________________Golden Leaf Holdings Ltd. (OTCQB: GLDFF), a Canadian company with operations in Portland, Oregon, is one of the largest cannabis oil and solution providers in North America, and a leading cannabis products company built around recognized brands. Recently, the company announced that it has closed its previously announced acquisition of all of the issued and outstanding shares of Medical Marijuana Group Consulting Ltd. MMC is a medical marijuana consulting company that secures high-value medical marijuana patients and educates and refers them to Licensed Producers for their product. MMC receives an education fee from the Licensed Producers in exchange for this service. MMC is a pioneer in finding and securing insurance coverage for medical cannabis and is a leader in cannabis treatment for veterans, a segment of the market that generates strong demand, and for which funding from the Canadian Department of Veteran Affairs makes cannabis 100 percent covered.
New Age Farm Inc. (OTC: NWGFF) is an agricultural services company offering unique turnkey growing infrastructure and services for licensed growers and processors of luxury marijuana crops at three agri-campuses in Washington State. Recently, the company announced the Company's wholly owned subsidiary, We Are Kured LLC ("WAK"), has entered into the production stage. WAK has selected and executed its first production order with Native Hemp Corporation ("NHC") for an initial order of 5,000 vape pens. WAK and NHC have worked collaboratively to complete the design of the vape pens to meet WAK's branding, budget, delivery and compliance requirements and objectives. NHC will supply all labour, equipment and services at its facilities to produce the hemp-based vaporizer pens in a ready-to-use form, completing the production of finished product within 45 days of order and initial payment. NHC will also be responsible for the design of templates and sizing for label printing requirements and will warehouse and distribute/ship the finished product to be sold through WAK's online sales platform.
Future Farm Technologies Inc. (OTCQB: FFRMF) is a Canadian company with projects throughout North Americaincluding California, Florida and Maryland. The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Recently, the company announced that it has closed on the previously announced 10-acre operating greenhouse acquisition, which generated approximately $2,800,000 USDin revenue and $400,000 USD in EBITDA for 2017. The purchase price was $3,000,000 or 1.07X revenue. The closing of this acquisition represents a major milestone for the Company as it provides substantial revenue and cash flow while positioning the Company in the emerging Florida cannabis market.
Cannabis Wheaton Income Corp. (OTCQB: CBWTF) is a collective of entrepreneurs with a passion for the cannabis industry past, present and future. On December 22, 2017, the company announced that further to its previously announced interim agreement, it has entered into a definitive agreement with its streaming partner CannTx Life Sciences Inc. to fund the construction of its cannabis production facility located in Puslinch, Ontario. CannTx is a privately-owned company that has applied to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations. Health Canada has confirmed that it has completed its paper-review of the Application and that CannTx needs to submit a "confirmation of readiness" to demonstrate that the Facility is eligible for licensing. In consideration for the financing, the Company will receive a minority equity interest in CannTx and an entitlement to 33% of all cannabis (or cannabis-derived products including any cannabis trim) produced at the Facility for a period of 10 years from the date of first sale at a fixed cost.
________________________________________________________________________________________________
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 doja cannabis co ltd. financial news dissemination and PR services, FinancialBuzz.com has been compensated four thousand dollarsby winning media. 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
Tel: +1 877 601 1879
Email: info@financialbuzz.com
