HOUSTON, TX / ACCESSWIRE / April 11, 2019 / Global spending on cannabis could reach $57 billion by 2027, according to Arcview Market Research and BDS Analytics.
In their report, "The Road Map to $57 Billion Worldwide Market," analysts note that the South American market for example could grow from $125 million in 2018 to $776 million by 2027. They also note that Germany could become the leader in the European cannabis market, with Italy expected to see $1.2 billion cannabis sales by 2027.
So, it comes as no shock that cannabis companies are racing for a piece of that growth.
The Yield Growth Corporation (BOSS)(BOSQF) just entered into an agreement with Pontier Services to set up Urban Juve hemp beauty products for e-commerce sales in WeChat, in addition to launching a marketing campaign with AI-enabled pop-up kiosks to rotate through six major locations in Hong Kong beginning in June 2019. Such a move will establish Urban Juve as the first Canadian brand to launch Pop Square AI-enabled pop-up kiosks in China.
The objectives of the pop-up kiosk campaign will be to introduce Urban Juve's brand story, Ayurveda philosophy and proprietary ingredient skin care products to the Chinese audience through the WeChat platform and to drive sampling and sales transactions through the kiosks.
"The use of pop-up kiosks in shopping malls to promote e-commerce is an innovative way to reach the modern consumer," says Penny Green, CEO of Yield Growth, "our hope is that our launch in China this summer will lay a solid foundation for further international expansion."
For More Information on The Yield Growth Corporation, Click Here.
The Supreme Cannabis Company Inc. (FIRE)(SPRWF) just announced that it just entered into a letter of intent with Malta Enterprises, the economic development agency of Malta. The license would allow the company to produce and process cannabis for medical use within Malta, one of Europe's principal commercial entry points, and to export cannabis for medical use to certain international markets.
If approved, the company intends to produce products containing EU GMP quality cannabis oil and pursue regulated medical cannabis distribution opportunities in the European Union.
"We're pleased to announce that we have secured a letter of intent from Malta Enterprises, taking another step forward in our global growth strategy. Malta is not only a strategic hub for Europe, it is also home to robust existing pharmaceutical and nutraceutical manufacturing industries with a deep pool of expertise," said Navdeep Dhaliwal, CEO of The Supreme Cannabis Company. "Using the intellectual property and expertise we've gained in Canada, we intend to deliver high-quality cannabis products to medical patients in multiple international markets."
For More Information on The Supreme Cannabis Company Inc., Click Here.
GMP analysts recently initiated coverage on PharmaCielo Ltd. (PHCEF)(PCLO) with a Buy rating and a price target of C$12. Analysts believe the company is the best pure-play on the global CBD market.
"We consider PCLO to be the most advanced Colombian licensed producer currently, providing a ~6-18 month first-mover advantage over nearly all Colombian competitors. In addition, with CBD extract capacity expected to reach ~17 tonnes in 2019, we believe this qualifies PCLO as the largest international publicly-traded producer."
"With favorable Colombian regulations, we estimate PCLO could have CBD yields ~250x–300x higher than those available to global peers. We believe PCLO could achieve CBD extract production costs as low as ~$0.15-0.25/gram, potentially the lowest globally."
For More Information on PharmaCielo Ltd., Click Here.
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