Drying Cannabis is Big
Business
May 3, 2019 -- InvestorsHub NewsWire -- Microcap Speculators --
One key part of the cannabis production process that is often
overlooked is drying the crop to improve the flavor and potency of
the buds. That’s why cannabis giant, Aurora Cannabis, just
signed a $10M deal with EnWave for the company’s vacuum-drying
dehydration technology.
Looking for the next EnWave that big cannabis companies may come
calling, we’ve come across THC Therapeutics, Inc. (USOTC:
THCT). THCT received patent
protection on 20 claims from the US patent office in March ’19 and
will be using their patented designs to carve out their piece of
the legal cannabis market expected to
reach $146.4 billion by 2025. The company’s dHydronator,
can reduce moisture content of cannabis to 10% in only 10-14
hours. Companies with products like THCT could help solve the
industry’s quality problem.
Today we are highlighting: THC Therapeutics, Inc. (USOTC:
THCT), Harvest Health & Recreation Inc.
(USOTC:
HRVSF), GrowGeneration Corp. (GRWG), HEXO Corp (AMEX:
HEXO), and MJardin Group, Inc. (USOTC:
MJARF).
THC Therapeutics, Inc. (USOTC:
THCT) (Market Cap: $130.898M; Share Price:
$9.80) has developed a sanitizing herb dryer, The
dHydronator®. Their laboratory-proven product is specifically
designed for drying and sanitizing freshly harvested cannabis and
herbs. THCT’s product has been tested by two independent
laboratories. The testing covered over 6 strains and 9
independent tests to confirm the findings. Over the 9 tests
and 6 strains, there was a 4% average increase of THC-A*.
The US patent office has accepted ALL 20 claims for The
dHydronator®. The company has received full patent
protection for the dHydronator®; this is big. Start your
research today.
________
Harvest Health & Recreation Inc. (USOTC:
HRVSF) (Market Cap: $560.449M; Share Price:
$8.29) announced in March the granting of stock
options pursuant to the stock option plan of the Corporation,
whereby the Corporation has granted a total of 12,350,250 stock
options to certain officers, directors, employees or consultants of
the Corporation. This was on the heels of the announcement
that it has entered into a binding agreement to acquire Verano
Holdings, LLC, one of the largest privately held multi-state,
vertically integrated licensed operator of cannabis facilities, in
an all-stock transaction for an estimated purchase price of
approximately USD $850,000,000 based on a share price of CND
$8.79.
Harvest Health & Recreation Inc. cultivates, manufactures,
and retails cannabis in the United States. The company is
headquartered in Vancouver, Canada.
________
GrowGeneration Corp. (GRWG) (Market Cap: $76.438M;
Share Price: $2.65), one of the largest chains of
specialty hydroponic and organic garden centers, with currently 21
locations reported financial results for its fiscal year ended
December 31, 2018 in April.
2018 Financial Highlights:
- Revenue of $29.0 million up $14.6 million or 102% over 2017
revenues of $14.4 million
- Acquired 8 stores, HeavyGardens.com and opened Oklahoma City,
OK location in 2018
- Gross profit margin percentage, exclusive of inventory
valuation adjustments, was 25.2% for 2018 compared to 24.2% for
2017
- Store operating costs, as a percentage of revenue, have
declined 13% from 20.6% for 2017 to 18% for 2018
GrowGeneration Corp., through its subsidiaries, operates retail
hydroponic stores. It offers farming soil, hydroponic
equipment, lighting, plant nutrients, and various other
products.
________
HEXO Corp (AMEX:
HEXO) (Market Cap: $1.582B; Share Price:
$7.46) and Newstrike Brands Ltd. ("Newstrike")
(TSX-V: HIP) had announced in March that they had entered into
a definitive arrangement agreement (the "Arrangement Agreement")
under which HEXO will acquire all of Newstrike’s issued and
outstanding common shares in an all-share transaction valued at
approximately $263 million. The Transaction
gives HEXO the capacity to produce approximately 150,000
kg of high-quality cannabis annually. The Transaction also
provides HEXO access to four cutting-edge production
campuses totalling close to 1.8 million sq. ft. of near-term
cultivation space and diversified growing and production
techniques. This is in addition to HEXO’s 579,000 sq.
ft. facility for a manufacturing and product development centre of
excellence in Belleville, Ontario. HEXO Corp has its
headquarters in Gatineau Canada, and it produces and sells most of
its cannabis products in the country.
The Brantford, Ontario-based Newstrike Brands were granted a
cultivation license on 16 December 2016, and the company expects
its harvest to be about 42,000 kg of cannabis. Although the company
has not been around for long compared to HEXO, it has high capacity
for cannabis production. HEXO recently announced that it had
completed the first harvest in its 1 million sq. ft. expansion,
marking an important execution milestone in the company's
continuous growth.
HEXO Corp., through its subsidiary, HEXO Operations Inc.,
produces, markets, and sells cannabis in Canada. The company
offers dried cannabis under the Time of Day and H2 lines; Elixir, a
cannabis oil sublingual mist product line; and Decarb, an activated
fine-milled cannabis powder product. It provides its products under
the HEXO and Hydropothecary brand names. The company serves
medical and adult-use markets. As one of the largest licensed
cannabis companies in Canada, HEXO Corp operates with
1.8 million sq. ft of facilities in Ontario and Quebec and a
foothold in Greece to establish a Eurozone processing, production
and distribution center.
________
MJardin Group, Inc. (USOTC:
MJARF) (Market Cap: $114.168M; Share Price:
$1.47), a leader in cannabis production, announced on
April 1, ’19 the completion of an Agreement (the “Agreement”),
whereby the Nova Scotia Mi’kmaq First Nations (“Mi’kmaq”) will own
a 51% stake in AtlantiCann Medical Inc. (“AMI”). As a result
of the Agreement, MJardin and the Halef Group will own 39% and 10%
of AMI, respectively. In connection with the partnership
formed under the Agreement, MJardin, the Mi’kmaq and the Halef
Group are contemplating expansion of their relationship, including
retail.
MJardin Group, Inc., through its subsidiaries, operates as a
specialized cannabis management company primarily in the United
States and Canada. The company offers its partners turnkey
cannabis cultivation, processing, and retail solutions.
________
Signed by
Priyanka Goel, CFA
Legal Disclaimer:
This article was written by Regal Consulting, LLC (“Regal
Consulting”). Regal Consulting has agreed to a three-month
term consulting agreement with THCT dated 2/14/18. The
agreement calls for 50,000 restricted shares of THCT per month.
This agreement has been amended to $20,000 per month, and 55,000
shares per month and extended for twelve months ending 3/18/2020.
All payments were made directly by THC Therapeutics, Inc. to Regal
Consulting, LLC. to provide investor relations services, of which
this article is a part of. Regal Consulting also paid one
thousand dollars cash to microcapspeculators.com to distribute this
article. Regal Consulting may have a position in the securities
mentioned in this article at the time of publication, and may
increase or decrease its position without notice. This
article is based on public information and the opinions of Regal
Consulting. THCT was given an opportunity to edit this article.
This article contains forward-looking statements that are subject
to certain risks and uncertainties that could cause actual results
to differ materially from any results predicted herein. Regal
Consulting is not registered with any financial or securities
regulatory authority, and does not provide or claim to provide
investment advice.
http://www.regalconsultingllc.com/full
legal disclaimer/
Full Legal Disclaimer Click Here.
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SOURCE: Microcap Speculators
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