HOUSTON, TX / ACCESSWIRE / April 18, 2019 / Over the next decade, spending on worldwide cannabis could reach $57 billion by 2027, according to Arcview Market Research and BDS Analytics. One of the largest groups of buyers, they note, will be in North America, where sales are expected to reach $47.3 billion in 10 years.
Analysts at Cowen note the U.S. cannabis market could rocket to $16 billion by 2025.
Even analysts at Piper Jaffray say we could be looking at a global market value of between $250 billion to $500 billion a year.
As the global cannabis story heats up, likely beneficiaries include Lifestyle Delivery Systems Inc. (CSE: LDS)(OTC: LDSYF), Crop Infrastructure Corp. (CSE: CROP)(OTC: CRXPF), and Green Thumb Industries Inc. (CN: GTII)(OTC: GTBIF).
Lifestyle Delivery Systems Inc. (LDS)(LDSYF) is contracting a licensed California cannabis farm that includes over one acre of outdoor cultivation and half an acre of covered canopy cultivation in Sacramento, California.
Lifestyle Delivery Systems' wholly owned subsidiary Core Isogenics will supply expertise, seedlings and nutrients to the farm, which has two years of successful contaminate free growth and the infrastructure necessary to begin cultivation of cannabis for Core Isogenics. The planting of seedlings is anticipated early May 2019 upon completion of soil preparation and drip line irrigation installation scheduled for next week.
"We are fortunate to have the relationships with this farm to contract this cultivation on their property. The contract cultivation on this farm will enable us to compete even with black market pricing and still be profitable," says Casey Fenwick, President of LDS. "It's becoming apparent that to be competitive in the cannabis manufacturing market, companies will need to produce their own biomass on a large scale and with this farm we have been fast tracked to be able to accomplish this in a short amount of time."
For More Information on Lifestyle Delivery Systems Inc., Click Here.
Crop Infrastructure Corp.'s (CROP)(CRXPF) Humboldt Holdings tenant Hempire just acquired a 25% interest in a licensed distribution company with onsite non-volatile commercial cannabis manufacturing in California, with a right to acquire the license interest should federal law change in favor of cannabis-THC.
The manufacturer will carry the cost of processing cannabis flower, cannabis trim and biomass, getting 40% of the resulting oil sales and CROP and its tenant 60%. The facility is capable of not only processing Hempire's material but will also be utilized to bring in third party material for processing to develop further SKUS to be sold under the CROP brand portfolio.
"This further vertically integrates CROP's tenant Hempire in preparation for continued sales in the California market, this will streamline the manufacturing, packaging and distribution of the brands reducing touch points and thus profitability and logistics of production for the California farms," says CROP CEO, Michael Yorke.
For More Information on Crop Infrastructure Corp., Click Here.
Green Thumb Industries Inc. (GTII)(GTBIF)is a vertically integrated company that manufactures and sells a well-rounded suite of branded cannabis products including flower, concentrates, edibles, and topicals. It also owns and operates a national chain of retail cannabis stores called RISE dispensaries. The company just acquired theFor Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products.
"Discipline continues to drive how we allocate capital to create long-term shareholder value. We continue to execute against our strategic priorities for 2019: 1) establish a leading brand portfolio through innovation, standardization, and distribution; 2) accelerate retail growth through new store openings and consumer loyalty, and 3) bolster infrastructure with people, process, and technology to deliver sustainable profitable growth," said GTI Founder and CEO Ben Kovler.
For More Information on Green Thumb Industries Inc., Click Here.
MarijuanaStox.com is a leading web destination for all cannabis related companies. Investors can also find current marijuana-related quality financial, medical, legal and social news.
MarijuanaStox.com is a media agency in North America dedicated to the cannabis industry, helping companies that operate in the space to attract quality investors, working capital and real publicity. Since 2005, we have had public companies in the US and Canada have rely on us to grow and succeed.
Except for the historical information presented herein, matters discussed in this article 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. Winning Media which has a partnership with www.MarijuanaStox.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.
For making specific investment decisions, readers should seek their own advice. Winning Media, which has a partnership with www.MarijuanaStox.com, is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media (partners of MarijuanaStox.com) and Lifestyle Delivery Systems Inc., Winning Media has been paid four thousand dollars for advertising and marketing services for Lifestyle Delivery Systems Inc.We own ZERO shares of Lifestyle Delivery Systems Inc.Please click here for full disclaimer.
View source version on accesswire.com: