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Ok, thank you. I appreciate your response.
It prevents a hostile take over. I think its pretty standard across the board.
UNLIMITED authorized shares...
it's my only concern right now and it kind of bugs me out -- any thoughts??
Recent Competitor Recalls Illustrate Importance of ABCN's Innovative, Pesticide-Free Cannabis Growth Practices
Recently, the Canadian government announced that Broken Coast Cannabis Ltd. was recalling several products sold in 2016 due to the discovery of two banned pesticides in random samples, and several other Canadian cannabis growers have also had product recalls this year after banned pesticides were discovered in their products during mandatory testing. Instances like these serve to further illustrate the importance of the controlled, pesticide-free medical marijuana growth practices of ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF), which continues to meet product demand through its Napanee, Ontario, production facility and is also moving forward with expansion plans. An article further discussing this topic reads: “ABcann has moved methodically through each stage of our growth since first obtaining our license in 2014,” founder and director Ken Clement said in an update published on the ABcann website. “Providing a high quality, standardized pesticide-free product to our patients remains our number one priority as we initiate our largest expansion plans to date.”
To view the full article, visit http://nnw.fm/I51dR
About ABcann Global Corporation
ABcann Global Corporation’s wholly owned subsidiary, ABcann Medicinals Inc., was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received on March 21, 2014. It obtained a sales license on December 31, 2015. ABcann’s flagship facility in Napanee, Ontario utilizes proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann’s modular approach to systems technology eliminates scale-up risk and allows ABcann to locate anywhere in the world and maintain consistency and quality of product. ABcann is expanding capacity in its current facility to approximately 30,000 sq ft and concurrently undertaking its expansion into a new 150,000 sq ft facility in Napanee. ABcann is pursuing opportunities in Germany, Australia, Israel and other jurisdictions as well as exploring the development of multiple delivery vehicles. For more information, visit www.abcannglobal.com.
$ABCN Since 2013, more than 1,600 companies have applied to Health Canada to become a licensed producer (LP) of medical marijuana. But only 5 companies won coveted LP status in 2013, just another 14 made the cut in 2014.
Medical marijuana is the rare new industry where startups can grab millions in revenues immediately. But while it’s easy for a licensed producer (LP) to make money in Canada, it’s hard to get in the game. ABcann Global (OTC: $ABCCF)(TSX.v $ABCN), is one of Canada’s major legal producers
http://theseedinvestor.com/articles/investment-alert-is-abcann-global-the-country-strongest-cannabis-producer
Ontario to open up dozens of outlets to sell marijuana, say sources
http://www.1310news.com/2017/09/08/ontario-open-dozens-outlets-sell-marijuana-say-sources/
ABCN Names Barry Fishman as New CEO
ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced the appointment of Barry Fishman as its new chief executive officer, effective October 1, 2017. Fishman brings nearly two decades of experience as a business leader to the ABcann team, having most recently served as CEO of international specialty pharmaceutical company Merus Labs. Under his leadership, Merus’s sales and EBITDA grew at a CAGR of greater than 50 percent, leading to the company’s acquisition by Norgine B.V. in July 2017 for total considerations of roughly $342 million. “Barry’s proven experience as a CEO of complex, highly-regulated organizations with international operations will serve ABcann and our shareholders well as we continue to execute our growth strategy, including the significant expansion of our production capacity, and establishing our unique leadership position in the cannabis industry,” Ken Clement, executive chairman of ABcann, stated in the news release. “We would also like to take this opportunity to thank Aaron Keay for the committed and dedicated work he has done positioning ABcann within the capital markets and we look forward to his continued active involvement with the Company, including serving on our Board of Directors.”
To view the full press release, visit http://nnw.fm/sOm1r
About ABcann Global Corporation
ABcann Global Corporation’s wholly owned subsidiary, ABcann Medicinals Inc., was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received on March 21, 2014. It obtained a sales license on December 31, 2015. ABcann’s flagship facility in Napanee, Ontario utilizes proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann’s modular approach to systems technology eliminates scale-up risk and allows ABcann to locate anywhere in the world and maintain consistency and quality of product.
BREAKING NEWS..ABcann Global Appoints Barry Fishman as Chief Executive Officer
NAPANEE, Ontario, Sept. 07, 2017 (GLOBE NEWSWIRE) -- ABcann Global Corporation (TSX-V:ABCN) ("ABcann" or the "Company") is pleased to announce the appointment of Barry Fishman as Chief Executive Officer of the Company, effective October 1, 2017.
Mr. Fishman has almost 20 years of experience as a business leader, most recently as CEO of international specialty pharmaceutical company Merus Labs (TSX:MSL) (NASDAQ:MSLI). Under his leadership, sales and EBITDA grew at a compound annual growth rate above 50%, culminating in the acquisition of Merus by Norgine B.V. in July, 2017 for approximately $342 million. He also has several years of experience serving as a director of public companies in the cannabis sector.
Mr. Fishman previously served as CEO of both Teva Canada and Taro Canada, and is a past Chair of the Canadian Generic Manufacturers Association. He began his pharmaceutical career at Eli Lilly, where he advanced through several cross-functional leadership roles, including Vice President of Marketing.
"Barry's proven experience as a CEO of complex, highly-regulated organizations with international operations will serve ABcann and our shareholders well as we continue to execute our growth strategy, including the significant expansion of our production capacity, and establishing our unique leadership position in the cannabis industry," stated Ken Clement, Executive Chairman. "We would also like to take this opportunity to thank Aaron Keay for the committed and dedicated work he has done positioning ABcann within the capital markets and we look forward to his continued active involvement with the Company, including serving on our Board of Directors."
"I am delighted to join ABcann and to become part of a dynamic team that will continue to drive innovation and elevate quality standards in the cannabis sector," commented Mr. Fishman.
"This is an exciting day for everyone associated with ABcann. I am very pleased to welcome Barry to the ABcann team as we continue to evolve and enhance the leadership within the Company," said Aaron Keay, CEO and Director of ABcann. "Barry's experience operating in international markets will be a welcome addition to ABcann. I look forward to working very closely with him and the entire ABcann team as we increase sales and production capacity, and continue our next level of growth in the domestic and international markets."
In connection with Mr. Fishman's appointment, the Company has: (i) granted Mr. Fishman 1,250,000 stock options, each of which is exercisable into one common share for five years at a price of $0.83 per share, being the closing price of the Company's common shares on the TSXV on September 6, 2017, and vesting monthly over 36 months from the date of grant; and (ii) agreed to issue Mr. Fishman 1,175,000 common shares, as a signing bonus, which will vest in six equal installments every six months, commencing on October 1, 2017.
About ABcann Global:
ABcann was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received in March, 2014. The Company obtained its sales license in December, 2015. ABcann’s flagship facility in Napanee, Ontario contains proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann’s modular approach to systems technology eliminates scale-up risk and enables ABcann to expand anywhere in the world and maintain consistency and quality of product.
ABcann is expanding capacity in its current facility to approximately 30,000 sq ft and concurrently undertaking its expansion into a new 150,000 sq ft facility in Napanee. ABcann is pursuing opportunities in Germany, Australia, Israel and other jurisdictions as well as exploring the development of multiple delivery vehicles.
ON BEHALF OF THE BOARD OF DIRECTORS
"Ken Clement"
Ken Clement
Executive Chairman
For further information, please contact Aaron Keay by email at aaron@ABcannglobal.com, or Leo Karabelas by phone at 416 543-3120 or by email at leo.k@ABcannglobal.com
https://globenewswire.com/news-release/2017/09/07/1113999/0/en/ABcann-Global-Appoints-Barry-Fishman-as-Chief-Executive-Officer.html
$ABCN Everything you need to know about ABcann is right here | The Seed Investor
http://theseedinvestor.com/marijuana-stocks/abcann
Exclusive Interview with $ABCN ABcann Medicinals 4B
$ABCN Must read this and see how Cannabis Wheaton President Talks Deal with ABcann.
http://theseedinvestor.com/cannabis-news/cannabis-wheaton-president-talks-deal-with-abcann
$ABCN notice the strong support at .82 yesterday & today on the hourly chart! Big hits today 10,20,30 and even 40k hits today. Looking, good folks IMO
I beleave they limiting a 15% dilution rate over next 3 years alot holders cashed out on the first day they went public.
Any idea what will happen when investor's will start converting notes, will they be convert on the OTC ticker or on the TSXV? And what will happen when they will uplist to a more serious market, which ticker will be converted?
As of Sep 01, 2017, the investment analyst covering ABcann Global Corp advises investors to purchase equity in the company.
https://markets.ft.com/data/equities/tearsheet/forecasts?s=ABCN:CVE
This is just a theory but im guessing most have realised its early and may not start putting in just before first quarterly report next year. Every company will have there catylists from time to time. I wouldnt doubt alot of the pot money is waiting in bitcoin. Just my thoughts they mean nothing
ABCN Ensuring Quality of Medical Cannabis Products with Proprietary Growing Technology
- Environmentally-controlled growing chambers generate consistent, superior quality
- Proprietary technologies eliminate risk, ensuring patients enjoy peace of mind
- Publicly-traded ABcann entered funding deal for $15 million at $2.25 per share
The Canadian government’s recent announcement that Broken Coast Cannabis Ltd. is recalling several products sold last year after two banned pesticides were found in random samples illustrates the importance of ABcann Global Corp.’s (TSX.V: ABCN) (OTCQB: ABCCF) controlled, pesticide-free approach to growing medical marijuana (http://nnw.fm/VM7zD).
Several other cannabis-growing Canadian companies also reaped the attention of authorities following mandatory testing. Hydropothecary and Peace Naturals both had products recalled earlier this year following detection of banned pesticides in some products, while Supreme Pharmaceuticals Inc. is still awaiting its license from Health Canada to grow and sell medical cannabis (http://nnw.fm/pY3ba).
In contrast, ABcann’s flagship production facility in Napanee, Ontario, continues to meet demand, even as its expansion plans move forward with an expedited construction timeline announced last month (http://nnw.fm/ED43c).
“ABcann has moved methodically through each stage of our growth since first obtaining our license in 2014,” founder and director Ken Clement said in an update published on the company’s website. “Providing a high quality, standardized pesticide-free product to our patients remains our number one priority as we initiate our largest expansion plans to date.”
ABcann has approximately $43 million in cash and 100 percent ownership of a 65-acre parcel located not far from its current facility. Phase 1 of the expansion project includes building a 100,000 square foot facility with an annual production capacity of about 1,000 kilograms of cannabis (http://nnw.fm/BPbg9).
A recent $15 million investment in the company by Cannabis Wheaton, part of a $30 million commitment, underscores the company’s belief in ABcann’s tremendous potential for growth (http://nnw.fm/SIc5V).
ABcann’s commitment to growing and providing standardized quality products for the medical marijuana community is a critical component of its future growth plans. The company’s mission, says Clement, is “to deliver consistent, standardized medical cannabis that the public and patients can consistently rely on.”
For more information, visit the company’s website at www.ABcann.ca
Because the whole marijuana sector is taking a beating lately!!!
Anyone have an opinion on why this is not taking off like similar counterpart?
ABCN Announces Release of High Level CBD Product
ABcann Global Corporation (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced the release of one of Canada’s highest legal CBD:THC ratio products by wholly-owned subsidiary ABcann Medicinals Inc. CBD-Med has a ratio of 27.6:1 (18.5% CBD to 0.67% THC), making it one of Canada’s highest CBD products under Health Canada regulations. “The development of these products is in line with ABcann’s corporate strategy as a premium product provider of organic, pesticide free cannabis,” Ken Clement, executive chairman of ABcann, stated in the news release. “As the Company continues to scale production capacity, our product line will expand as we strive to increase shareholder value through capturing a larger market share of the current global medical markets.” Looking forward, ABcann anticipates being able to sell oils in October as it continues to diversify its product lines. Additional products to be marketed by the company are expected to include a 1-1 THC/CBD drop, a high THC dropper and a high CBD dropper. ABcann expects to release additional product details in the coming weeks.
To view the full press release, visit http://nnw.fm/V81yp
About ABcann Global Corporation
ABcann Global Corporation’s wholly owned subsidiary, ABcann Medicinals Inc., was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received on March 21, 2014. It obtained a sales license on December 31, 2015. ABcann’s flagship facility in Napanee, Ontario utilizes proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann’s modular approach to systems technology eliminates scale-up risk and allows ABcann to locate anywhere in the world and maintain consistency and quality of product.
ABCN Licensed to Grow Cannabis by Feds in Canada
- An early mover in the Canadian cannabis space
- Serving Canada’s most populous province
- New funding deal signed for $15 million at $2.25 per share
As befits its status as a first mover in the Canadian cannabis space, ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) is racing ahead with plans to supply the medical marijuana needs of Canada’s most populous province. Construction plans at its Kimmett facility in the third quarter of 2017 remain on schedule, and the previously announced plans for a 71,000 square foot phase 1 project have been expanded to 100,000 square feet. The company recently signed a funding deal that prices the business well above market valuation. It appears that ABcann is one MMJ outfit that the smart money is betting on.
ABcann was one of the earliest players to apply for a cannabis grower’s license in Canada, which was granted in March 2014, well before the current Access to Cannabis for Medical Purposes Regulations (ACMPR) were implemented on August 24, 2016. That early start has advanced ABcann much further along the learning curve than subsequent licensees. In addition, having worked in collaboration with the University of Guelph in Ontario, Canada, to study the growing process, ABcann’s expertise is superior to most other LPs. It has developed state-of-the-art growing technology that produces high yields and consistency in its produce as it scales up. Also, somewhat like in retail, where location is a major determinant of success, ABcann’s location is fortuitous. Its operations are situated in Canada’s most populous province of Ontario, which, with 13.5 million people, accounts for close to 40 percent of Canada’s total population.
Knowledge of the growing process is particularly important if a licensed producer is going to scale up successfully. An essential requirement of medical marijuana is consistency. The product must be relied on to deliver a standardized quantity and quality of active ingredients every time it’s taken. Imagine the peril to patients of undergoing prescribed regimens of a medication with psychoactive properties where the dosages vary randomly.
Quality is obviously a crucial issue and, indeed, was one of the reasons that ABcann was founded by Ken Clement. ABcann’s mission, he has said, is “to deliver consistent, standardized medicinal cannabis that the public and patients can consistently rely on” (http://nnw.fm/2bmGl). Now, ABcann is able to produce an organically grown, pesticide-free, standardized product with a growing system that controls air quality, carbon dioxide and oxygen levels, water quality and volume, light spectrum and cycles, temperature and humidity, plant nutrition and the curing process.
Earlier this month, ABcann announced completion of the initial funding phase of its partnership with Cannabis Wheaton (TSX.V: CBW). Under the deal, CBW has purchased $15 million worth of ABcann common shares at $2.25 per share. The cash forms part of a larger phased investment by Cannabis Wheaton that is expected to fund an additional 50,000 square feet of production space, capable of producing 35,000 kilograms of product per year, at ABcann’s second facility. This expansion comes alongside ABcann’s existing construction plans for a 100,000 square foot facility at its Kimmett property in Napanee, Ontario.
Since debuting on the Toronto Venture Stock Exchange at $1.00, ABcann stock has traded down a little, but, as recent events indicate, it may be a diamond in the rough. The Cannabis Wheaton deal valued the stock, which currently trades at C$0.87, at $2.25.
For more information, visit the company’s website at www.ABcann.ca
As Recreational Cannabis Legalization Looms, the Field of Opportunity is Green for Canada’s Leading Growers
NetworkNewsWire Coverage: Medical cannabis use has been legal in Canada since 2001, and Canada is now working to become the first industrialized nation to input a comprehensive system permitting the recreational use of marijuana. Sweeping legislation has been introduced by the Canadian government that takes aim at permitting nationwide recreational cannabis use by July 2018—a move applauded by companies that are currently licensed to produce medical marijuana in Canada or are engaged in providing services to growers. These companies include ABcann Global Corporation (TSX.V: ABCN) (OTCQB: ABCCF) (ABcann Profile), which recently closed a milestone financing agreement with Cannabis Wheaton Income Corp. (TSX.V: CBW) (OTC: KWFLF), an investor and supporter of cannabis cultivation companies, as well as Canopy Growth Corp. (TSX: WEED) (OTC: TWMJF), Aphria Inc. (TSX: APH) (OTC: APHQF), and Aurora Cannabis Inc. (TSX: ACB) (OTCQX: ACBFF).
Despite the widespread legalization of medical marijuana in Canada, the licensing requirements for cannabis growers are incredibly strict, with only three percent of the growers who apply for licensing obtaining approval. ABcann Global was one of Canada’s very first companies to successfully obtain licensure to produce medical cannabis. Under Canada’s Marijuana for Medical Purposes Regulations, ABcann obtained its production license in March 2014, followed by the successful attainment of a cannabis sales license in December 2015.
ABcann went public in May 2017 with an IPO priced at $0.80 per share, and PI Financial analyst Jason Zandberg quickly initiated coverage with a one-year price target of $2.25 (USD). As of August 21, 2017, ABcann’s price was at $0.90 (CAD) and $0.73 (USD); its market cap was at $89.664 million (CAD) and $72.727 million (USD); and the company’s YTD return was 275 percent. The company’s annual production capacity is currently at 1,000 kg, and build-out plans presently in motion would increase that to an estimated 20,000 kg.
Though ABcann is still young as a publicly traded security, the company has become one of the foremost medical cannabis growers in Canada, standing out with its proprietary growing technology, which results in the production of top-quality, organically grown, pesticide-free medical-grade cannabis. ABcann’s low current market cap presents a clear opportunity for investors—particularly when contrasted with the company’s Canadian cannabis peers, which, as previously mentioned, are few in number. There are currently only 54 licensed cannabis producers in all of Canada1.
Comparable competing companies with much higher prices and market caps than ABcann include Canopy Growth Corp., which, as of August 21, was at a price of $8.51 (CAD) and $6.79 (USD) and had a market cap of $1.436 billion (CAD) and $1.143 billion (USD); Aphria Inc., with a price of $5.73 (CAD) and $4.57 (USD) and a market cap of $795.436 million (CAD) and $634.405 million (USD) as of August 21; and Aurora Cannabis Inc., with a price of $2.42 (CAD) and $1.93 (USD) and a market cap of $887.615 million (CAD) and $707.891 million (USD).
ABcann’s growth potential is indisputable. Within just three months of becoming a publicly traded company, ABcann has raised $43 million in cash, which has enabled the company to rapidly carry out its expansion strategy and business model. Recent financing from cannabis streaming company Cannabis Wheaton Income has positioned ABcann to grow at a rate unprecedented in Canada’s marijuana market. Cannabis Wheaton, which invests in and supports a broad range of promising marijuana cultivation companies, announced near the end of July that it has obtained Exchange approval to purchase $30 million of ABcann Global common shares with a $15 million cash tranche priced at $2.25 per share. The initial investment of $15 million is part of a larger phased investment to construct additional square footage of pure cannabis cultivation space adjacent to ABcann’s current 14,500-square-foot cultivation facility in Ontario. ABcann has confirmed that its plans to commence construction at its Kimmett facility in Q3 2017 remain on track, and that the previously announced plans for a 71,000-square-foot phase 1 facility have been expanded to 100,000 square feet.
In producing its medicinal cannabis, ABcann employs a proprietary plant-growing technology that includes the use of environmentally-controlled chambers that can monitor and regulate all variables during the growing process. Through a partnership with the University of Guelph, ABcann has mastered mass yield techniques and has developed, at its production facility in Napanee, Ontario, a pioneering, computer-controlled environmental system that duplicates natural growing environments. This controlled indoor system combines scalable growing chambers, LED lighting, and organic fertilizers and soil while simultaneously eliminating toxins and pesticides. All aspects of the process are monitored and controlled, resulting in consistent, high-quality plant production in mass quantities.
Thanks to the company’s innovative approach and systems, ABcann is able to produce organically grown and pesticide-free, high-yielding cannabis plants that produce top-quality products that are consistent with each new batch. The company can control both environmental and nutrient demands to create particular strains of cannabis, free of the variation that is so common when large quantities of marijuana are produced in less-controlled, larger rooms and in greenhouse-type environments. This modular approach to systems technology eradicates scale-up risk and enables ABcann to locate its operations anywhere in the world while maintaining consistency and product quality.
In addition to its Canada operations, ABcann is pursuing opportunities in Germany, Australia and other jurisdictions and is also endeavoring to develop multiple delivery vehicles.
ABcann compares impressively with other companies in Canada’s explosive medical cannabis industry—companies with much higher market caps and share prices. With Canada on the verge of blanket legalization of marijuana, the opportunity for investors is clear. In a country where stringent licensing standards have made cannabis growers few and far between, ABcann is a standout marijuana player to be reckoned with.
Editorial Sources:
1) Government of Canada: http://nnw.fm/2ehJD
For more information on ABcann Global please visit: ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF)
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Canadian Cannabis Leaders Sharpen Focus on Increasing Yield, Plant Quality
NetworkNewsWire Coverage: Growing marijuana in North America, for obvious reasons, has historically been an underground affair. Amid growing legalization in favor of recreational and medicinal use, growing cannabis on mass scale is rapidly becoming a necessity for companies in a burgeoning industry driven by incredible consumer demand. Canada is ahead of the United States in this regard, as the country legalized marijuana for medicinal use in 2001 and recently approved national legalization for recreational use, which will go into effect in 2018. For this reason, Canadian companies have access to more capital needed for production, though only three percent of growers who apply for licensing are accepted. In a highly regulated environment, Canadian growers undertake a significant task in learning how to grow marijuana on a mass scale in order to meet rising demand for high-yield, high-quality product. ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF) (ABcann Profile) may have cracked the code for this need, thanks to a partnership with the University of Guelph and a $30 million financing deal with Cannabis Wheaton Income Corp. (OTC: KWFLF) (TSX.V: CBW). When the company IPO’d in May, it joined the ranks of several other Canadian companies occupying favorable market positions, including Canopy Growth Corp. (OTC: TWMJF) (TSX: WEED), Aphria, Inc. (OTCQB: APHQF) (TSX.V: APH) and Aurora Cannabis, Inc. (OTCQX: ACBFF) (TSX.V: ACB).
As one of only three percent of companies to successfully obtain a production license in 2014 under the Access to Cannabis for Medical Purposes Regulations (ACMPR), and in partnership with the University of Guelph, ABcann Global has learned the techniques of mass yield, having developed a unique, computer-controlled environmental system that replicates natural growing environments. Located at the company’s production facility in Napanee, Ontario, this controlled indoor system integrates scalable growing chambers, LED lighting, and organic fertilizers/soil while eliminating pesticides and toxins. Every aspect of the process – from air quality and oxygen, to CO2 levels, water quality, light, temperature, humidity, nutrition, and curing – is monitored and controlled for consistent, high-quality, mass-quantity plant production. Prioritizing growing techniques and getting to this stage of operations took management foresight.
Now, at just three months old, ABcann has raised $43 million in cash, allowing it to quickly execute its expansion strategy and business model. A significant aspect of this strategy – aside from its advanced growing technology – is land ownership. To this accord, ABcann owns 65 acres of land in Napanee and, with its recent financing (http://nnw.fm/aVAL7) from Cannabis Wheaton, is set to expand at an unprecedented rate in the Canadian cannabis industry.
An additional $15 million investment by Cannabis Wheaton, recognized as one of the biggest cannabis company in the world, will support a second production facility, aside from ABcann’s plans to build a 100,000-square-foot complex. The $30 million financing agreement demonstrates ABcann’s potential for growth, as Cannabis Wheaten invests in and partners with promising cannabis companies to help them leverage their diversity and expertise to fulfil its streaming goals. This strategy helps reduce the impact of licensing and build-out delays, cultivation challenges, and issues with access by clinics, pharmacies, and government purchasing agencies. Importantly, it has its own methods of boosting yield in the industry.
In addition to supplying medical marijuana within Canada, ABcann is also growing its roots internationally. The company exports seed to Australia and dried flower to Israel, and it is expected to begin shipments to Germany in 2017. Plans for expansion are being aided by a recently granted license from Health Canada to build single- or double-layer grow rooms at a new facility.
Cannabis Wheaton’s investment in ABcann was priced at a $2.25 per share valuation, an approximate 160% premium over ABcann’s current valuation between $0.61 and $0.90.
Another industry player with significant grow room is one of the biggest growers in the world, Canopy Growth. With a market cap of $1.2 billion and a 52-week range of $2.81-$14.39, Canopy represents a higher-priced entry point into the Canadian cannabis sector. The Smith Falls, Ontario-based organization maintains diversified brands and has more than 500,000 square feet of production capacity. Its Tweed brand is produced in an automated, climate-controlled greenhouse facility within the former Hershey Chocolate Factory. The company also sustains its yield through the 50,000+ square-foot Bedrocan Canada facility, which has implemented processes used in the Netherlands for decades. A second, distribution-based location delivers products imported from the Netherlands to Canadian customers.
Investors in the Canadian cannabis market also gravitate toward Aphria, with its valuation of $655.9 million and 52-week range of $1.79-$6.60. Aphria grows 100 percent of its products in a sunlight-powered greenhouse that churns out many product types and blends available to health professionals and patients via prescription. Each stage of the growing process is tightly controlled. The company engages in water sampling, nutrient profiling, and pest management, so no unwanted components are added to any of its blends. Extensive laboratory testing is conducted by in-house scientists and outside laboratories so that the potency levels of its products and quality of its procedures are upheld.
Vancouver, British Columbia-based Aurora Cannabis is focused on affordable medical products and offers free shipping across Canada. It takes pride in a state-of-the-art facility that uses water harvested from the Canadian Rockies. A mountain-based facility with ideal lighting and other resources, and a drive to succeed and contribute to the industry, are paying off. From June 2015 to November 2016, the company saw a 1,419 percent gain, including an 887 percent climb after launching its initial public offering. Aurora is also notable for a mobile app in addition to its service to patients and physicians. The app is designed to simplify the purchase of medical cannabis using technologies such as push notifications, fingerprint authorization, streamlined navigation, and a focus on user experience. Fast and efficient order processing affords performance that is helping clients from all walks of life participate in the industry.
The growth of ABcann and the other discussed companies reflects the “safety” of Canadian cannabis stocks versus those listed solely in the United States, as the latter continues to wrestle with state/federal legalization of marijuana. Without this burden, the Canadian market is thriving. In a November 2016 report, market research firm Canaccord Genuity Group forecast that the medical marijuana market in Canada alone could see sales in excess of $8 billion by 2024, creating a sizable opportunity for the country’s relatively small number of licensed producers (LPs) – and for those who have mastered the requirements of high-volume yield. As demonstrated by ABcann, adequate funding for expansion to achieve high yields and growth rates is key in this increasingly competitive landscape.
For more information on ABcann Global please visit: ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF)
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertake no obligation to update such statements.
ABCN's New Investment a Testament to the Company’s Future
- One of first licensed medical cannabis producers in Canada
- $15 million equity investment starts construction of new 50,000 square foot facility
- Production to quadruple in booming market
Legal since 2001, medical cannabis operations in Canada changed dramatically about a year ago when the Access to Cannabis for Medical Purposes Regulations (ACMPR) went into effect. Health Canada now strictly oversees licensing, monitoring and compliance of commercial medical cannabis producers. Health Canada conducts thorough reviews of applications to ensure compliance with the regulations and works closely with producers once licensed to monitor and ensure compliance with such strictures as personnel security measures, good production practices, packaging, shipping, record keeping and import and export requirements. Licenses are difficult to acquire, and frequent inspections hold producers to stringent standards.
One of the very first licensed producers and a pioneer in Canadian medical cannabis, ABcann Global Corporation (TSX.V: ABCN) (OTCQB: ABCCF) has always held to meticulous specifications in the production of its pharmaceutical grade, plant-based medicines. Maintaining standards designed to exceed government requirements, ABcann grows plants only in small batches in order to create controllable, consistent and predictable yields. The plants are nurtured in controlled environmental chambers to deliver dependable results with each harvest. Chemical and pesticide free, ABcann produces medical cannabis that effectuates the same medical response with every use.
Medical cannabis business is booming in Canada. The number of medical marijuana patients continues to grow rapidly, increasing nearly 30 percent in the first quarter of this year, while sales of medical cannabis increased over 24 percent from last year. The growth trajectory shows no signs of slowing, and, given the licensing process and stringent inspections, licensed producers already in production are well positioned to reap substantial rewards.
Given ABcann’s underlying value, the recent announcement by Cannabis Wheaton Income Corp. (TSX.V: CBW) comes as little surprise. In a July 28th press release, Cannabis Wheaton, which invests in and supports a wide range of cannabis cultivation companies, announced Exchange approval for its purchase of $15 million of common shares of ABcann Global at $2.25 per share. This initial investment is part of a larger phased investment for the construction of an additional 50,000 square feet of pure cultivation space next to ABcann’s current 14,000 square foot cannabis cultivation facility in Ontario, Canada.
With a market capitalization around $82 million, ABcann presents great value for Cannabis Wheaton. Other Canadian licensed producers carry much higher market valuations. Emblem Corp., with nearly the same sized facility as ABcann, trades around the two dollar mark and carries a $170+ million market cap. Supreme Pharmaceuticals has a $250 million cap, and Hydropothecary Corporation maintains a $150 million cap, even after a voluntary stop-sale / stop-shipment when evidence of unapproved fungicide was found in its products. Cannabis Wheaton’s minority stake in ABcann looks to be a steal.
ABcann has already invested over $20 million in ongoing operations and international expansion plans. The company currently owns and operates a 14,000 square foot state-of-the-art facility. It also owns an adjoining 50 acres of land that’s slated for construction of the new 50,000 square foot production facility financed by Cannabis Wheaton’s equity investment. The additional cultivation space at the new facility is anticipated to provide Cannabis Wheaton with an estimated eight million grams of cannabis per year, while its equity position in ABcann should pay off handsomely as well.
ABcann’s proprietary cultivation methods already produce high quality cannabis with industry leading yields, and this latest announcement is a testament to ABcann’s future. The Canadian government recently stated that it will press ahead in 2017 with plans to legalize marijuana for adult recreational use. That market is expected to be worth $5 billion a year by 2020, according to leading industry analysts. This latest investment in ABcann appears both well timed and financially prescient.
For more information, visit the company’s website at www.ABcann.ca
Investors Eye Sweet Spots in Canada’s Booming Cannabis Market
NetworkNewsWire Editorial Coverage: Canada is the mecca of the North American cannabis market, boasting legalization in every province and an array of investment opportunities, such as ABcann Global Corporation (TSX.V: ABCN) (OTCQB: ABCCF), a Canadian grower of medical marijuana. ABcann recently acquired ABcann Medicinals and boasts a recent IPO, appointment of a new medical consultant, and major expansion plans. As one of Canada’s most dominant growers of medical marijuana and one of the growers to meet the Canadian government’s stringent licensing requirements, ABcann could be positioned to see the post-IPO success achieved by Supreme Pharmaceuticals, Inc. (OTC: SPRWF) (TSX.V: FIRE), Emblem Corp. (OTC: EMMBF) (TSX.V: EMC), Canopy Growth (OTC: TWMJF) (TSX: WEED) and Aurora Cannabis (OTC: ACBFF) – all of which showcased astounding post-IPO gains in the favorable North American cannabis sector.
Ontario-based ABcann Global made its debut on the public market in May 2017 with an IPO priced at $0.80 per share and ambitious plans to foster domestic production facilities and international opportunities. PI Financial analyst Jason Zandberg was quick to initiate coverage of ABcann with a one-year price target of $2.25, which, as of August 15, represents a 160% premium over the company’s stock price of $0.68.
Despite its relative infancy as a publicly traded security, ABcann is one Canada’s dominant medical growers, recognized for using proprietary growing technology to produce organically grown, pesticide-free medicinal-grade marijuana.
The company’s low current market cap offers an obvious opportunity for investors, as ABcann compares well with other companies in an industry that Arcview Market Research expects to top $20 billion by 2021 (http://nnw.fm/4oqBD).
A look at some of ABcann’s peers demonstrates the potential of this market. Among them is Supreme Pharmaceuticals, which soared more than 1,600% after its IPO and currently trades at $0.87 per share. As of August 15, Supreme’s market cap is $250 million. Another Canadian cannabis play, Emblem Corp., has the same size growing facility as ABcann and is valued at $200 million, trading at $1.45 per share. Aurora Cannabis, which surged nearly 900% after its initial offering, trading at $1.97, is valued at $723 million.
Canopy Growth, one of the largest fully-licensed Canadian marijuana growers, saw share prices skyrocket by more than 700% in the months following its IPO. As the heavyweight of the group, Canopy is trading at $6.94 per share with a market cap of $1.17 billion.
As noted by analyst Zandberg, part of ABcann’s potential for such a performance is its ability to achieve high yields of its medicinal-grade marijuana through a scalable, computer-controlled growing environment that enables monitoring and control to ensure optimal plant growth while avoiding disease and other plight. ABcann’s expansion plans are ramping up, and a new chamber is planned for the company’s current facility in Napanee, Ontario, which currently produces 1,000 kilograms annually.
The sweet spot of ABcann’s growing position is that it owns the land to be occupied by a new 71,000-square-foot facility with a production capacity of 20,000 kilograms per year – 20 times ABcann’s current production. In further plans, a 65-acre property for a planned 1.2 million square-foot growing facility is ready for development.
Additionally, ABcann was one of the first companies to obtain a production license under Canadian Marijuana for Medical Purposes Regulation, putting it among only 3% of companies that make it through the extensive six-step application process, which requires a comprehensive background check and prior investment in a growing facility.
In July, ABcann announced its inclusion in the Horizons Medical Marijuana Life Sciences ETF (TSX: HMMJ). The ETF index selects companies with operations in biopharmaceuticals, medical manufacturing, distribution, and other marijuana industry services.
Though ABcann as a public company is only three months old, it occupies a unique position with $43 million in cash to fulfill its expansion plans. Earlier this month, as part of a $30 million financing, Cannabis Wheaton Income Corp. made an initial $15 million investment in ABcann to fund additional build-out at the company’s second production facility. The remaining $15 million will fund an additional production expansion with ABcann. Notably, Cannabis Wheaton’s valuation of ABcann matches Zandberg’s price target of $2.25 per ABcann share.
For more information on ABcann Global please visit: ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF)
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.
Green Rush taking Hold in Canada as US Lawmakers Continue to Spin Tires
NetworkNewsWire Coverage: The North American marijuana market is growing at rates that are similar to those recorded by broadband internet in the 2000s. This stunning comparison, noted in a 2017 report by Arcview Market Research, highlights the potential short-term and long-term effects of what many analysts are referring to as the “green rush.” ABcann Global Corp. (OTCQB: ABCCF) (TSX.V: ABCN) (ABcann Profile) is one company looking to make the most of the opportunities presented by this growth. With a strong cash position and plans to implement one of the most aggressive expansion plans in the industry, ABcann could be the next in a long line of cannabis stocks that have exploded in value in recent years. Some examples include Canopy Growth Corp. (OTC: TWMJF) (TSX: WEED), which rose by more than 700 percent following its initial public offering; Aphria, Inc. (OTCQB: APHQF) (TSX.V: APH), which spiked from C$0.75 at IPO to a high of C$6.60 earlier this year; Supreme Pharmaceuticals, Inc. (OTC: SPRWF) (TSX.V: FIRE), which soared by over 1,600 percent after its IPO; and industry investment firm Cannabis Wheaton Income Corp. (OTC: KWFLF) (TSX.V: CBW).
According to Arcview data, the North American cannabis sector is currently on pace to achieve a compound annual growth rate of 25 percent through 2021, when the market is expected to top $20.2 billion. “What broadband changed for the internet was a kind of remarkable parallel to legalization for cannabis,” Tom Adams, editor in chief of Arcview Market Research, stated in an interview1 with Business Insider. “We saw what had been a $5 billion industry — like this one — in North America take off at that point on new growth spurts.” These parallels are promising for investors looking to capitalize on the ongoing cannabis boom. In early 2000, Pew Research Center2 found that just one percent of U.S. adults had access to home broadband services. Today, nearly three-quarters of U.S. adults have broadband service at home.
While a considerable amount of the focus on North American marijuana legalization remains on the unpredictable U.S. market, it presents a number of challenges that put growers and their investors in an uncomfortable position. Although 29 states and the District of Columbia currently have laws broadly legalizing marijuana in some form, these markets operate in a sort of legal gray area that directly contradicts with existing federal laws stemming from the Controlled Substances Act (CSA). Passed in 1970, the CSA identifies marijuana as a Schedule I substance with a high potential for abuse3 and no currently accepted medical use. As such, industries operating across state lines, most notably banks and other financial institutions, have largely steered clear of the promising sector. Despite nationwide sales of $5.4 billion in 2015, according to The Arcview Group, banking options for these budding U.S. businesses have remained few and far between. A 2017 survey by the California Growers Association found that 75 percent of its members didn’t have a bank account, and this dearth of banking options extends to markets across the country, according to a survey by Marijuana Business Daily.
These banking complications present concerns regarding both the safety and sustainability of U.S. marijuana markets, and they’ve been compounded in recent months by inconsistent rhetoric from the current presidential administration. In June, the Washington Post reported4 that Attorney General Jeff Sessions requested that congressional leaders undo federal medical marijuana protections that have been in place since 2014. Sessions went on to cite a “historic drug epidemic” as justification for a planned crackdown on medical marijuana. Though the protections, known as the Rohrabacher-Farr amendment, were extended through September 30, 2017, as part of a spending bill signed into law in early May, the current administration’s efforts to “crackdown” on state cannabis programs continues to cast a shadow of unpredictability on the industry, adding an inescapable level of risk for the investment community.
While the U.S. cannabis market continues to evolve, Canada is currently preparing to legalize recreational marijuana at the federal level, becoming the first G7 country to do so. The new law, set to come into effect on July 1, 2018, will expand upon a booming medical marijuana market led by a number of licensed growers. Because licensing for growers is completed at the federal level, the number of licenses is limited, preventing the space from becoming oversaturated and enabling companies to record rapid and sustainable growth. As noted by Canaccord Genuity Group Inc. in a November 2016 report, “The rigorous process of becoming a licensed producer of cannabis in Canada imposes significant barriers to entry and there will be a shortfall of supply in a legalized market in the short-term until production capacities catch up by 2020.” The report goes on to forecast that Canadian cannabis sales could exceed $8 billion by 2024.
Many Canadian cannabis growers have already experienced sizable share price increases in recent years, but one company that could be on the verge of a significant uptick is ABcann Global Corporation. At just over three months old and having completed its U.S. listing on the OTCQB Venture Market on July 13th (http://nnw.fm/BTh41), ABcann is firing out of the gate with approximately $43 million in cash in its coffers, 100 percent ownership of a 65-acre parcel of land upon which to construct expansions to its operations and a completely licensed and fully operational production facility with annual production capacity of about 1,000 kilograms of cannabis.
At the heart of ABcann’s expansion effort is its advanced growing technology, which not only creates a consistent, organically grown, pesticide free standardized product, but also brings down costs through the use of exclusive, computer-controlled environmental systems. By monitoring every variable in the growing, curing and harvesting processes, the company is able to produce yield quantities that significantly exceed those produced through traditional growing techniques.
Unlike many of its U.S. counterparts, ABcann has found early success in attracting investors thanks in part to the predictability of the Canadian market. On August 2, the company announced (http://nnw.fm/aVAL7) the close of an initial $15 million investment by Cannabis Wheaton Income Corp., the world’s first cannabis streaming company, as part of a larger phased investment to fund an additional 50,000 square feet at ABcann’s second production facility at its 65-acre Kimmett property in Napanee, Ontario. Plans for this facility, in addition to the company’s current construction plans for a 100,000 square foot purpose built facility at the Kimmett property, position ABcann to expand at a rate that’s unparalleled in the Canadian cannabis industry. It’s important to note that Cannabis Wheaton’s valuation of ABcann comes at a 160% premium over the company’s current share price of $0.68. Cannabis Wheaton paid $2.25 per share – $15 million cash – in a $30 million financing, the remaining $15 million of which is expected to fund an additional production with ABcann.
Understanding ABcann’s potential upside is most easily accomplished by studying its competitors in the Canadian market. Because the Canadian government limits the number of cannabis production licenses granted under the Marihuana for Medical Purposes Regulations (more than 1,600 companies have applied to become licensed producers since 2013, with only 19 winning LP status from 2013-2014), the market maintains extremely high barriers to entry. These barriers helped propel Canopy Growth Corporation from a share price of C$2.20 at IPO in May 2014 to a high of C$17.86 for its Canada-listed stock in November 2016, when it became Canada’s first billion dollar marijuana stock. Today, Canopy is one of the biggest growers in the world, boasting indoor and greenhouse production facilities spanning over half a million square feet and a collection of brands such as Tweed, Bedrocan and Mettrum. Canopy’s emergence as one of the world’s leading diversified cannabis companies comes as the firm continues to steer clear of the U.S. market. As it noted in an August 4 news release, Canopy is committed to only conducting business in jurisdictions where it is “federally legal to do so,” in an effort to avoid “being exposed to undue risks.”
Aphria Inc. is another player in the Canadian cannabis industry that has experienced tremendous growth since going public in November 2014. The company’s products, which include capsules, oral solutions and vaporizers featuring 100 percent greenhouse grown medical cannabis, have propelled it to the forefront of the global medical cannabis industry. Aphria’s PPS for its Canada-listed shares hit a high of C$7.79 in November 2016 just before it closed on an offering generating gross proceeds of C$40.25 million to fund further expansion efforts. To date, the company has raised more than C$160 million while recording seven consecutive quarters of positive EBITDA and continuing to expand its production capacity. Unlike Canopy Growth Corporation, Aphria is also eyeing the unpredictable U.S. cannabis market. On April 4, Aphria announced the launch of a U.S. expansion strategy through a lead investment in an entity to be renamed Liberty Health Sciences Inc.
Another Canadian cannabis grower that’s recorded huge gains since going public is Supreme Pharmaceuticals, Inc. Since its IPO in February 2014, Supreme’s Canada-listed shares have soared by over 1,600 percent, climbing to a high of C$2.05 in November 2016. Beginning with 7ACRES, a federally approved medical marijuana company operating a hybrid greenhouse production facility, Supreme has taken a unique approach to establishing a foothold in the Canadian cannabis market. In 2015, the company focused its business model on its strength in cultivation by becoming the country’s first B2B-focused licensed producer. More recently, on June 1, Supreme announced the listing of its common shares on the TSX Venture Exchange, graduating from the Canadian Securities Exchange, in an effort to facilitate further growth.
The Canadian cannabis market has shown to be a fertile proving ground for growers with the resources, leadership and licenses required to compete. ABcann’s strong management team led by CEO Aaron Keay and chairman and founder Ken Clement, alongside its outstanding advisory board headed by the “Father of Cannabis Medicine” Dr. Raphael Mechoulam, has positioned the company to follow in the footsteps of competitors like Canopy Growth Corporation, Aphria Inc. and Supreme Pharmaceuticals. Cannabis Wheaton Income Corp. has already provided a vote of confidence for ABcann’s chances in the form of a $15 million investment, and ABcann’s aggressive expansion strategy has earned it a ‘Buy’ rating and a price target of $2.25 from PI Financial. With the company still trading for less than many of its competitors did before recording huge increases to their share prices, ABcann should be on the radar of any investor looking to capitalize on the North American marijuana boom. As noted in an article published by CNBC, “Now is the right time to bet big on marijuana… [as] the pot industry is poised to be gigantic.”
Editorial Sources:
1) Business Insider: http://nnw.fm/Q4UKl
2) Pew Research: http://nnw.fm/m0OG5
3) Drugs.com http://nnw.fm/3UhrB
4) Washington Post http://nnw.fm/J46mL
For more information on ABcann Global please visit: ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF)
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by NNW are solely those of NNW. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW for any investment decisions by their readers or subscribers. NNW are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
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ABCN Looks Strong for Investors in Booming Canadian Cannabis Market
- ABcann’s low current market cap compared to similar companies offers an obvious opportunity for investors
- ABcann Global is one of Canada’s most dominant growers of medical marijuana and one of the growers to meet Canadian government’s stringent licensing requirements
- Major expansion of ABcann’s production capacity is underway
An interesting opportunity for investors can be found in ABcann Global Corporation (TSX.V: ABCN) (OTCQB: ABCCF), a Canadian grower of medical marijuana. ABcann recently acquired ABcann Medicinals and boasts a recent IPO, appointment of a new medical consultant, and major expansion plans.
ABcann is new to the public market, having launched its initial public offering on May 4. However, the company is one of the most experienced Canadian growers. ABcann is one of Canada’s dominant medical growers, producing organically grown, pesticide-free medicinal-grade marijuana using scalable, proprietary growing technology, which allows the consistent generation of high-quality products.
The company’s low current market cap offers an obvious opportunity for investors, as ABcann compares well with other companies in the industry. For example, Supreme Pharmaceuticals has a market cap of $250 million, and Hydropothecary Corp. is valued at $150 million. Emblem Corp. – with the same size growing facility as ABcann – is valued at $200 million.
ABcann’s expansion plans are ramping up, and its proprietary, advanced growing technology is highly scalable. A new chamber is planned for the company’s current facility in Napanee, Ontario, which currently produces 1,000 kilograms annually.
In addition, land has already been purchased for a new 71,000 square-foot facility which will have a production capacity of 20,000 kilograms each year – 20 times ABcann’s current production. In further plans, a 65-acre property for a planned 1.2 million square-foot growing facility is ready for development.
One of the first companies to obtain a production license under Canadian Marijuana for Medical Purposes Regulation, ABcann acquired a license in March 2014. Only three percent of companies that apply for a license make it through the extensive six-step process, which requires a comprehensive background check and prior investment in a growing facility.
In July, ABcann announced its inclusion in the Horizons Medical Marijuana Life Sciences ETF (TSX: HMMJ). The ETF index selects companies with operations in biopharmaceuticals, medical manufacturing, distribution, and other marijuana industry services.
In June, the company announced the appointment of Dr. Michael Shannon as chief medical consultant. Shannon brings a long history of health care experience in the private and public sectors and joins an all-star management and advisory team which includes Dr. Raphael Mechoulam, a professor of medicinal chemistry at Hebrew University of Jerusalem who is widely regarded as the “Father of Marijuana Research.”
For more information, visit the company’s website at www.ABcann.ca
ABcann Goes from RTO to $43 Million in Cash in 3 Months -- CFN Media
8/3/17, 6:00 AM
SEATTLE, WA -- (Marketwired) -- 08/03/17 -- CFN Media Group ("CannabisFN"), the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article discussing ABcann Global Corporation's (TSX VENTURE: ABCN) (OTCQB: ABCCF) tremendous progress from its reverse takeover transaction in May to having $43 million in cash now (with a market cap of about $90 million), and where the company is headed over the coming quarters.
High Quality Product
ABcann has spent considerable resources on developing consistent pharmaceutical-grade products that are organically grown without pesticides. This avoids many of the recall issues that other licensed producers have experienced involving the use of banned pesticides. At the same time, the company's $1.5 million, three-year investment in research and development has helped it double industry average yields to cultivate products at a very low cost per gram.
In a recent conversation ABcann CEO Aaron Keay said, "We have spent years mastering our proprietary growing techniques to avoid the use of pesticides. This has led to a repeatable, standardized product the public can trust. Not only that, as our reputation grows in the patients' eyes the word has spread to where we will be expanding our business -- globally. Our dedication to provide a pesticide free, organic, standardized product has resulted in inquiries from industry leaders, competitors, celebrities, and governments."
The high yields of pesticide free, standardized product are especially important when comparing various licensed producers. Production capacity is of course an important metric, and ABcann's proprietary growing methods mean that the company can get much more product out of much less space. Additionally, sizable recalls due to pesticides have impacted several producers' bottom lines, but ABcann removes that possibility by using no pesticides at all.
Rapid Expansion Strategy
ABcann is investing the cash on its balance sheet into an ambitious expansion strategy, which should limit shareholder dilution and accelerate its growth rates. With its proprietary growing technique, the company is in a great position to deploy capital and production knowledge on a massive scale, while competing on both price and quality.
On July 26, the company confirmed that plans to commence construction at its Kimmett facility in the third quarter remain on track and the previously announced plans for a 71,000 sq. ft. Phase I plan have been expanded to 100,000 sq. ft. The company also announced an immediately expansion and construction effort at its production facility in Vanluven to double production capacity and serve its growing patient base on an expedited timeline.
The company believes that its $43 million cash position will be sufficient to complete both the Phase I 100,000 sq. ft. Kimmett facility and the expansion at Vanluven. The Vanluven expansion should begin producing results in Q1'18, while the Kimmett facility should come online by Q4'18. The near-term revenue from these expansion efforts should be sufficient for financing future expansion efforts as recreational legalization goes into effect next year.
Please follow the link to see the interview and read the full article: http://www.cannabisfn.com/abcann-goes-rto-43-million-cash-3-months/
Learn how to become a CFN Media featured company, brand or entrepreneur: http://www.cannabisfn.com/become-featured-company/
Download the CFN Media iOS mobile app to access the world of cannabis from your smart phone: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8
Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
Disclaimer:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.
CFN Media
Frank Lane
206-369-7050
flane@cannabisfn.com
Source: CFN Media
ABCN Announces Close of $15 Million Investment from Cannabis Wheaton
ABcann Global Corporation (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced the completion of Cannabis Wheaton Income Corp.’s (TSX.V: CBW) previously detailed purchase of $15 million of ABcann common shares at an agreed upon valuation of $2.25 per share. “We are pleased to have completed the initial funding phase of our partnership with Cannabis Wheaton and to welcome them as new equity holders in ABcann,” Aaron Keay, chief executive officer of ABcann, stated in the news release. “The initial investment represents Cannabis Wheaton’s first funding allocation and we look forward to future investment from them, as both companies advance our respective businesses.” Per the update, this initial investment forms part of a larger phased investment by Cannabis Wheaton that’s expected to fund an additional 50,000 square feet at ABcann’s second production facility. This expansion comes alongside ABcann’s existing construction plans for a 100,000 square foot purpose built facility at its Kimmett property in Napanee, Ontario.
To view the full press release, visit http://nnw.fm/aVAL7
About ABcann Global Corporation
ABcann was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received on March 21, 2014. It obtained a sales license on December 31, 2015. ABcann’s flagship facility, in Napanee, Ontario, contains proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann’s modular approach to systems technology eliminates scale-up risk and allows ABcann to locate anywhere in the world and maintain consistency and quality of product. For more information, visit www.ABcannGlobal.com
ABCN Moves Closer to Kimmett Expansion with TSXV Approval of Cannabis Wheaton Investment
Cannabis Wheaton Income Corp. (TSX.V: CBW) this morning announced that it has received approval from the TSX Venture Exchange to purchase $15 million of common shares of ABcann Global Corporation (TSX.V: ABCN) (OTCQB: ABCCF) at an agreed upon valuation of $2.25 per share. Per the update, this investment forms a portion of a larger phased investment by Cannabis Wheaton aimed at funding the construction of ABcann’s proposed 50,000 square foot addition to its Kimmett cannabis cultivation facility to be located in Napanee, Ontario. This morning’s announcement follows the two companies’ entry into a binding interim agreement on May 29, 2017, whereby, upon completion of the full investment and construction of the expanded production area, Cannabis Wheaton will be entitled to 50 percent of the cultivation yield generated by the expanded production area. “ABcann’s proprietary cultivation methods produce high quality cannabis with industry leading yields and the additional cultivation space at the Kimmett facility being funded by CW is anticipated to provide Cannabis Wheaton with an estimated 8,000,000 grams of cannabis per year,” Chuck Rifici, CEO of Cannabis Wheaton, stated in the news release.
To view the full press release, visit http://nnw.fm/aD6Fv
About ABcann Global Corporation
ABcann was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received on March 21, 2014. It obtained a sales license on December 31, 2015. ABcann’s flagship facility, in Napanee, Ontario, contains proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann’s modular approach to systems technology eliminates scale-up risk and allows ABcann to locate anywhere in the world and maintain consistency and quality of product. For more information, visit www.ABcannGlobal.com
Check this out, I think we have a monster on our hands with ABCN!
http://www.cannatech.news/2017/07/26/german-cannabis-grow-bid-finalists-proceed-to-next-round/
ABCN Issues Update on Construction and Expansion Activities
ABcann Global Corporation (TSX.V: ABCN) (OTCQB: ABCCF) this morning provided an update on its construction and expansion timelines for its Vanluven and Kimmett facilities, both of which are located in Napanee, Ontario. Per the update, ABcann’s plans to commence construction at its Kimmett facility in the third quarter of 2017 remain on schedule, and the previously announced plans for a 71,000 square foot Phase 1 project have been expanded to 100,000 square feet. Additionally, the company has initiated immediate expansion and construction efforts at its current production facility at Vanluven with the goal of doubling production capacity in order to better service its growing patient base. “ABcann’s strong cash position from its go public transaction, subsequent warrant exercises and recently announced equity financing for $2.25 per share has positioned the Company to aggressively expand our production capacity at both Vanluven and Kimmett,” Aaron Keay, CEO and director of ABcann, stated in the news release. “The imminent expansion plans and decision to expand our Phase 1 construction plans at Kimmett are in line with ABcann’s corporate strategy to take advantage of the current domestic demand for a high quality standardized pesticide free product, in addition to becoming a strong competitor in a number of the emerging markets internationally.”
To view the full press release, visit http://nnw.fm/3BfyA
About ABcann Global Corporation
ABcann was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received on March 21, 2014. It obtained a sales license on December 31, 2015. ABcann’s flagship facility, in Napanee, Ontario, contains proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann’s modular approach to systems technology eliminates scale-up risk and allows ABcann to locate anywhere in the world and maintain consistency and quality of product. For more information, visit www.ABcannGlobal.com
Wealth Daily
Time to Invest in ABcann Global (TSX-V: ABCN)
Written By: Jeff Siegel
Posted: May 31, 2017
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Some said it would be the biggest legal cannabis IPO of the year.
It wasn’t.
ABcann Global (TSX-V: ABCN) debuted at $1.50
Today it trades for about a buck
But don’t get too preoccupied with the company’s debut on the TSX Venture. It’s somewhat irrelevant.
While the timing wasn’t particularly perfect, as cannabis stocks were actually selling off when ABcann went public, the company is one of the strongest in the space. It’s actually a bit undervalued at the moment.
In fact, the good folks over at Cannabis Wheaton recently announced they will subscribe for $15 million of ABcann common shares at a valuation of $2.25 per share. That’s one heck of a premium to the current market price, which tells me that ABcann may have a lot more value than the market is giving it credit for.
If you’re unfamiliar with ABcann, here’s what I wrote about the company before it went public ...
ABcann currently has a fully-operational 14,500 sq. ft. facility with a production capacity of 1,000 kg. It’s also in the process of developing a 150,000 sq. ft. facility with a production target capacity of 40,000 kg per year.
In addition to its Canadian operations, it’s also aggressively moving into the European, Australian and Israeli markets. The latter, by the way, could end up being one that really sets ABcann apart from other Canadian producers. And this is all thanks to a company called Syqe Medical
Syqe Medical
Syqe Medical is an Israeli tech firm that’s developed the world’s first selective-dose pharmaceutical grade cannabis inhaler.
For doctors prescribing cannabis, this is the holy grail as it allows for a level of dosing precision that’s never been seen before. The inhaler uses 100 microgram dosing precision, real-time thermal and flow controllers, lung interfacing and wireless connectivity. This is beyond next-generation stuff, folks. And I’m all over it. So is ABcann.
You see, ABcann has already successfully shipped product to Syqe in Israel and the company is heavily involved in ongoing testing and R&D.
Apparently, the founder of Syqe, Perry Davidson loves ABcann, saying, “After visiting Abcann’s production facility in Canada, I personally witnessed that their production technologies put them in a class with the best in the world in their ability to produce standardized pharmaceutical grade cannabis.”
This is good company to be in.
It should also be noted that Syqe’s inhaler is being marketed by Teva Pharmaceuticals, a major pharmaceutical player with FY 2016 net revenues of $21.9 billion.
But getting back to the basics, ABcann is licensed, operational cultivator in Canada that grows pesticide-free cannabis (a superior niche), and has experienced a YTD customer growth rate of 30% month over month.
The company’s high yields offer a low cost-per-gram product, and its customer retention rate is 94.7 percent, which is very impressive.
The bottom line is that ABcann is a serious player in the legal cannabis space, and at current levels, it’s significantly undervalued.
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IMO
IT WILL TAKE OFF
Can this stock really take off or only hype as a lot of these stocks in pennyland? TIA. Anyone?
Once we get over dollars!!!
N submit. It may happen but not soon!! Lol
How long till the Nasdaq?
Lol.
ABCN Lists Common Shares on OTCQB Venture Market and Frankfurt Stock Exchange
ABcann Global Corporation (TSXV: ABCN) (OTC: ABCCF) this morning announced that its common shares have been approved for trading on the OTCQB Venture Market, under the symbol ‘ABCCF’, and on the Frankfurt Stock Exchange, under the symbol ‘23Q’. The company’s common shares will also continue to trade on the TSX Venture Exchange under the symbol ‘ABCN’. The company expects that these listings will provide a number of long-term benefits, including greater visibility and convenience for investors in the United States and Europe. As a result of this expanded base of potential shareholders, ABcann will likely benefit from enhanced liquidity moving forward.
To view the full press release, visit http://nnw.fm/BTh41
About ABcann Global Corporation
ABcann was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received on March 21, 2014. It obtained a sales license on December 31, 2015. ABcann’s flagship facility, in Napanee, Ontario, contains proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann’s modular approach to systems technology eliminates scale-up risk and allows ABcann to locate anywhere in the world and maintain consistency and quality of product. For more information, visit www.ABcannGlobal.com
Finally on OTCQB. Lets get this party started!!
http://mailchi.mp/dc7c69d935ba/abcann-global-announces-listing-on-the-otcqb-marketplace-and-the-frankfurt-stock-exchange?e=018fd92cc7
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