Breaking News: Cannabis Industry the Fastest Growing Market in the World Says CannaTech
POINT ROBERTS, Wash., Sept. 21, 2018 (GLOBE NEWSWIRE) -- Investorideas.com, a global news source covering leading sectors including the marijuana & hemp industries.
The global appetite for investing in cannabis is growing exponentially, as acceptance and implementation goes mainstream. New countries and states are legalizing cannabis, and the recent headlines of Coca-Cola Company looking for a marriage with the cannabis industry with the beverage industry, investors are on the hunt for the next big win in cannabis stocks. Aurora Cannabis Inc. shares soared on the possible news of Coca-Cola's interest to jointly develop a CBD-infused "recovery" beverage.
Evidence of the "rush" to the cannabis industry has extended past traditional investors; the Robinhood https://robinhood.com/ Trading App, which is targeted towards millennial investors, had so much activity in trading of Aurora Cannabis, that trading had to be suspended on the app because it could not facilitate the demand for trades in a timely manner. An article in Business Insider said "as of Wednesday morning, more than 81,000 investors held Aurora Cannabis shares through Robinhood."
The financial markets took note of the Nanaimo, Ontario based Tilray Inc. recent stock run. On September 18th the Company announced that "the U.S. Drug Enforcement Administration (DEA) has granted approval to import a cannabinoid study drug into the United States from Canada for a clinical trial at the University of California San Diego (UC San Diego) Center for Medicinal Cannabis Research (CMCR) examining its safety, tolerability and efficacy for Essential Tremor (ET)." The stock ran as high as $300 on the news, making its 52 Week range $20.1000 - $300.00.
A smaller player in the sector, American Premium Water Corporation (OTC: HIPH) recently announced that it had launched its LALPINA Hydro CBD product for sale on its website (www.lalpinawater.com). Since the announcement on August 27th, the share price has seen substantial percentage gains. In the news release, Ryan Fishoff, CEO, commented: "After years of development and work, we're excited to launch our infused CBD product. Since delivering the prototype back in January, we have added nanotechnology to enhance and increase the bioavailability and absorption rate of the product. The Company will also be looking to leverage its brands and expand into other exciting areas in the CBD space, specifically pet products, topicals and THC infused beverages."
Research provided by SeeThruEquity, a leading independent equity research and corporate access firm focused on small cap and microcap public companies, released a report earlier this year seeing the growth potential of this junior player saying, "We initiated coverage on American Premium Water Corp. (OTC: HIPH), $0.037) with a price target of $0.15. HIPH is a diversified company focused on premium consumer brands and products. It currently sells and markets hydrogen-infused water under the LALPINA brand and luxury apparel under the Gents brand. We expect HIPH growth to be supported by two commercial initiatives planned for this year: Hydro-Nano-infused Water and Hydro-Nano CBD-infused water. Both product lines have high potential given: 1) the rising consumer interest in legal CBD products; and 2) the large and expanding market for functional water." http://www.seethruequity.com/
Another big winner in the cannabis/beverage space for investors, New Age Beverages Corporation , which announced on September 19th "that it intends to debut its portfolio of CBD infused beverages at the upcoming North American Convenience Store show (NACS) to be held at the Las Vegas Convention Center on October 7-10, 2018."
New Age Beverages Corporation also quoted industry research in its press release, "According to the Brightfield Group, the Global market for CBD will top $22 Billion with the next 4 years. Non-psychotropic CBD is one of the most medicinal compounds in the cannabis plant, reportedly helping with everything from arthritis to epilepsy and cancer, and is seen by many as a natural remedy instead of a pharmaceutical or narcotic drug. The 2018 Farm Bill, which was recently passed by both the House and Senate, would likely legalize CBD for farmers across the country and allow it for sale nationally in all channels."
Everyone sees the explosive potential. According to a press release from CannaTech, The Arcview Group and URI Capital Management about their upcoming investor conference in Hong Kong, "The Cannabis industry is the fastest growing market in the world and the legal cannabis business is expected to generate $57 billion globally by 2027 as countries throughout the world continue to legalize its use and demand continues to grow exponentially."
Troy Dayton, CEO of The Arcview Group said in their news, "The worldwide cannabis market is exploding, and Asian investors are increasingly paying attention. Up until now, pioneering Asian investors have only been able to simply read about this fascinating industry. Not anymore. We are bringing the cannabis industry to them."
So, as the investor hunt for the next hot cannabis investment goes global, you can be assured that as much as retail investors are betting big on the sector, global corporations like Coca-Cola Company are seeking out their next strategic acquisition as well!
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