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2018 has proven to be a banner year for the cannabis industry and we expect 2019 to be even more significant. Following Altria’s investment in leading Canadian cannabis producer Altria Group (MO), many investors are trying to invest in what could be the next big acquisition target.
During the next year, we expect the cannabis industry to see significant consolidation and expect to see more companies like Altria and Constellation Brands (STZ) make investments in the sector.
Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has signed a purchase agreement (the "Purchase Agreement") with Tilray Canada Ltd. (http://www.tilray.ca/), a subsidiary of Tilray Inc.
Future Farm Technologies Inc. (the "Company" or "Future Farm") (CSE: FFT) (OTCQB: FFRMF) is pleased to announce it has entered into a lease agreement for an initial 12,960 sq. ft. of space in a 60,000 sq. ft. building, with an option to expand and or buy the building. The property is perfectly suited for the cultivation and processing of hemp into CBD oil, as it has high ceilings for vertical growing, a turnkey commercial kitchen and 1,600-amp, 480-Volt 3 phase electric systems.
Delta 9 Cannabis Inc. (TSXV:NINE) ("Delta 9" or the "Company") is pleased to announce it has entered into a non-binding letter of intent (the "LOI") with Westleaf Cannabis Inc. ("Westleaf") to create a strategic partnership for the joint development of a large-scale cannabis production facility located in Southern Alberta (the "Project").
2018 got off to a hot start for the Canadian cannabis sector as its constituents continue to execute and advance their fundamental story.
Yesterday, the overall sector moved higher on strong volume and we are bullish on this development. In late October, we highlighted the sector’s strengthening volume and momentum, saying the sector was poised for a major breakout.
CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF), today announced that on January 2, 2018, Alta Supply Inc. ("Alta Supply") received a Temporary Cannabis Distribution License (Type 11 – Medical). Vista Distribution Inc. ("Vista"), an Oaklanddistribution company 49% owned by Alta Supply, received the same class of distribution license the date prior (collectively, the ("Licenses").
Friday Night Inc. (Friday Night) (CSE: TGIF) (FWB: 1QF) (OTC: TGIFF) is pleased to announce that it has entered into a land purchase agreement to acquire an additional 2.78 acres of land connected to the location that will host Alternative Medicine Association’s new cultivation facility.
CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF), today welcomed the January 1sttransition of the California market to a full recreational adult-use framework. California is already the largest cannabis market in the world with annual sales of approximately US$2.8 billion in 2016.(1) It is expected to maintain its leading position globally, with sales forecast to grow to US$5.2 billion in 2018(2).
ABcann Global Corporation (TSXV:ABCN) is pleased to announce the closing of its non-brokered private placement of convertible senior unsecured debentures in the aggregate principal amount of $30,000,000.
As previously announced in the Company’s news release of November 27, 2017, the Debentures will:
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