NEW YORK, NY / ACCESSWIRE / December 26, 2018 / Stock Market Press (SMP) sees a major shift towards acquisitions in the cannabis space and highlights Metrospaces, Inc. (OTC PINK: MSPC) which today announced the acquisition of a profitable ($4.5m annually), licensed California cannabis facility. In addition, the market has seen Altria and Cronos, Tilray and Anheuser-Busch execute on acquisitions in the cannabis space. SMP is watching additional companies in the cannabis space, including Aurora, for potential partnerships and/or acquisitions.
Mr. Oscar Brito, Metrospaces Company Executive President, is taking full advantage of the emerging real estate-cannabis market place with an acquisition of an existing, revenue producing facility. Generating over $7m annually, the 6.5 acre site houses a 12,000 sq ft canopy and is licensed for an additional 8,000 sq ft canopy facility. The acquisition fits squarely within Mr Brito's business plans to acquire key real estate properties ahead of the next big cannabis wave.
As seen over the past few weeks, companies like Altria, are making major moves in the industry. The acquisition of a 45% stake in Cronos (CRON) highlights why Mr Brito's business plan is focused on real estate-cannabis acquisitions. Conversions of farmland and other properties into cannabis growing facilities is set to explode in 2019. This is literally the ground floor of a massive new market in which real estate will play a key role; Metrospaces is at the forefront with today's announcement.
Tilray (TLRY) is solely focused on the Canadian market in the Anheuser-Busch deal. In an article on MarketWatch (https://www.marketwatch.com/story/tilray-and-budweiser-maker-will-partner-to-research-weed-drinks-2018-12-19 ) "For us, it's early days in this industry and research feels like the right place to start," Tilray Chief Executive Brendan Kennedy said in a telephone interview. While a company like Tilray is focused on research, Metrospaces on the other hand is lining up real estate acquisitions including revenue producing facilities, jumping ahead of competitors.
The marketplace rarely sees such an opportunity as the real estate-cannabis combo is providing. Because of advances in hydroponics and canopy growing, cannabis can be grown virtually year round in most any climate. Legalization continues to spread across the United States, providing a company like Metrospaces the opportunity, with its real estate expertise, to gain significant ground, beating out larger players like Aurora, a company who has yet to make an acquisition in this sector, due to the fact that it is leaner and faster to make acquisition decisions.
Canadian suppliers were unprepared for the demand of Cannabis when it was legalized nationwide in October. "MarketWatch talked to officials and retailers in eight of Canada's 10 provinces, and all said they are receiving only small portions of the product they have ordered. One of the provinces, British Columbia, said supply issues aren't expected to be resolved for six to 18 months, based on discussions with licensed pot producers." wrote Max Cherney of MarketWatch. This clearly highlights the massive opportunity Metrospaces has right now, ahead of any easing of US cannabis regulations, to procure real estate for cannabis growth, sales, etc.
The US Federal government is on the cusp of a cannabis regulations change as states continue to ease their own laws. The passage of the Farm Bill with provisions for Hemp is only a teaser for whats to come when cannabis regulations are relaxed. The time is now to secure land and facilities, something Metrospaces is focused on.
Discussing the recently announced acquisition, Mr Brito stated, "This acquisition would introduce us in the cannabis industry through the front door. It's a very neatly run operation, with substantial upside potential. We think it's the perfect operation for us to focus after our very positive experience in IQSTel" [now public, trading on the OTC] Metrospaces is set to grow rapidly, like it did with IQSTel, leading one to expect a spin-out or other potential lucrative transaction in the near future.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Safe Harbor Statement:
Statements in this news release may be ''forward-looking statements.'' Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: http://stockmarketpress.com/disclaimer/
SOURCE: Stock Market Press