HENDERSON, NV / ACCESSWIRE / April 3, 2019 / According to a Dec '18 Forbes article, "most of the businesses growing, processing and selling cannabis across the United States are small independently-held entities. That may change in 2019 which looks like a big year for industry mergers, acquisitions and expansion. Large companies, like those in the food, tobacco and pharmaceutical industries have mostly stayed on the sidelines, held back by regulatory concerns, but are now expected to enter the market. The cannabis industry still has a mom and pop feel but that could change rapidly."
Origin House was recently acquired in a historic deal. Today, we're looking at companies that you can start researching to get ahead of the next potential acquisition.
One company you should research right away. THC Therapeutics, Inc. (THCT), has yet to gain major awareness but that could change soon. (THCT), said that the US patent office has accepted ALL 20 claims for their cannabis dryer The dHydronator®, which can reduce moisture content of Cannabis to 10% in only 12 hours from 10-14 days. The patent has recently been issued. The dHydronator® also destroys harmful surface contaminants & pathogens. Start your research today. The term of the patent provides 20 years of protection on the scalable intellectual property for the dHydronator®.
THC Therapeutics, Inc. (THCT) (Market Cap: $113.151M; Share Price: $8.60) has developed a sanitizing herb dryer, The dHydronator®. Their laboratory-proven product is specifically designed for drying and sanitizing freshly harvested cannabis and herbs. THCT's product has been tested by two independent laboratories. The testing covered over 6 strains and 9 independent tests to confirm the findings. Over the 9 tests and 6 strains, there was a 4% average increase of THC-A*.
As we mentioned earlier, the US patent office has accepted ALL 20 claims for The dHydronator®. The company has received full patent protection for the dHydronator®. This is big. Start your research today.
GrowGeneration Corp. (GRWG) (Market Cap: $86.822M; Share Price: $3.01), one of the largest chains of specialty hydroponic and organic garden centers, with currently 21 locations, reported financial results for its fiscal year ended December 31, 2018 on April 1, 2019.
2018 Financial Highlights:
- Revenue of $29.0 million up $14.6 million or 102% over 2017 revenues of $14.4 million.
- Acquired 8 stores, HeavyGardens.com and opened Oklahoma City, OK. location in 2018.
- Gross profit margin percentage, exclusive of inventory valuation adjustments, was 25.2% for 2018 compared to 24.2% for 2017.
- Store operating costs, as a percentage of revenue, have declined 13% from 20.6% for 2017 to 18% for 2018
Darren Lampert, Co-Founder and CEO, said, "This was our 5th consecutive year of record growth for GrowGeneration, with revenues growing over 100% year over year."
GrowGen owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGen has 21 stores. GrowGen also operates an online superstore for cultivators, located at HeavyGardens.com. GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers. Management estimates that roughly 1,000 hydroponic stores are in operation in the U.S. By 2020, the market is estimated to reach over $23 billion with a compound annual growth.
Halo Labs Inc. (AGEEF) (Market Cap: $89.308M; Share Price: $0.567) announced last week that it has secured eligibility by The Depository Trust Company for its shares on the OTC. DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Today, it announced that the company achieved record revenue in March 2019 of approximately US$2.8MM (CDN $3.7MM). This figure is estimated, unaudited and approximate.
Halo Labs Inc. is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates, which are the fastest growing segments in the cannabis industry. Halo has expertise in all major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 3.0M grams of oils and concentrates since inception.
Medicine Man Technologies, Inc. (MDCL) (Market Cap $65.531M; Share Price: $2.35), a rapidly growing, vertically integrated cannabis operator, announced last week that the company will present at the Spring Investor Summit being held on April 1-2, 2019 at the Essex House in New York City. Joe Puglise, COO of Medicine Man Technologies, would deliver an overview of the company.
Mr. Puglise will be highlighting two pending acquisitions of MedPharm Holdings, LLC, and Medicine Man Denver, and provide an overview of its financial and operating performance as well as details on its strategic goals as a vertically integrated cannabis brand and operator. Today it announced that one of its investors, Tigran Muradyan has joined the management team as Director of Products.
Medicine Man Technologies, Inc. provides cultivation consulting services for cannabis growing technologies and methodologies. The company also provides licensing and seminar services. In addition, it engages in retail operations of cannabis products. The company was founded in 2014 and is based in Denver, Colorado.
MJardin Group, Inc. (MJARF) (Market Cap: $183.779M; Share Price: $2.3663), a leader in cannabis production, announced the completion of an Agreement (the "Agreement"), whereby the Nova Scotia Mi'kmaq First Nations ("Mi'kmaq") will own a 51% stake in AtlantiCann Medical Inc. ("AMI"). As a result of the Agreement, MJardin and the Halef Group will own 39% and 10% of AMI, respectively. In connection with the partnership formed under the Agreement, MJardin, the Mi'kmaq and the Halef Group are contemplating expansion of their relationship, including retail.
MJardin is a global cannabis management platform with extensive experience in cultivation, processing, distribution and retail. For over 10 years, MJardin has refined cultivation methodologies, developed state of the art facilities and implemented vertical integration for and on behalf of license owners. MJardin is based in Denver, Colorado and Toronto, Canada.
Priyanka Goel, CFA
This article was written by Regal Consulting, LLC ("Regal Consulting"). Regal Consulting has agreed to a three-month term consulting agreement with THCT dated 2/14/18. The agreement calls for 50,000 restricted shares of THCT per month. All payments were made directly by THC Therapeutics, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. THCT was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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