CORAL SPRINGS, Florida, October 13, 2016 /PRNewswire/ --
The already steadily growing marijuana industry continues to find new ways to produce revenue opportunities through various services, applications and industry solutions, with the latest focus being the infusion of tech advancements, specifically in terms of companies developing innovative mobile applications. The Cannabis sector performers this week include Arcturus Growthstar Technologies Inc. (OTC: AGSTF), American Cannabis Company, Inc. (OTCQB: AMMJ), General Cannabis Corp. (OTCQB: CANN), Terra Tech Corp. (OTCQX: TRTC) and CV Sciences, Inc. (OTCQB: CVSI)
Arcturus Growthstar Technologies Inc. (OTC: AGSTF) (CSE: AGS.CN) is pleased to announce that it has established a new mobile gaming division (http://www.420AppGaming.com) with the intent to put out 420 themed games, which will generate revenue through In App Purchases (IAP) as well as through ad impressions. According to the Global Games Market Report, gamers worldwide will generate a total of $99.6 billion in revenues in 2016, up 8.5% compared to 2015. For the first time, mobile gaming will take a larger share than personal computers with $36.9 billion, up 21.3% globally.
Read the full Arcturus (AGSTF) Press Release at: http://financialnewsmedia.com/profiles/agstf.html
"With our recent mobile app acquisition and our growing focus on Cannabis, we feel Arcturus is now uniquely positioned to capitalize on these two huge and converging trends by publishing a suite of 420 themed games and utility apps," says Mr. William Gildea, Arcturus Growthstar Technologies Inc.'s CEO and Chairman.
Arcturus' mobile app plan is to first launch a series of 420 themed casual games like Slots, Poker, Solitaire and Bingo, which all have a large and broad appeal, before year end 2016. According to ThinkGaming, five of the top 20 grossing revenue games are slots games while the rest are tried and true games that have proven to be winners on mobile devices and consistently in the top charts.
Wednesday's top performers in the sector were led by:
American Cannabis Company, Inc. (OTCQB: AMMJ) had a strong day of trading on Wednesday closing up over 21% at $0.535 trading over 3 Million shares by the time the markets closed. American Cannabis offers end-to-end solutions to existing and aspiring participants in the cannabis industry.
General Cannabis Corp. (OTCQB: CANN) closed up over 25% on Wednesday at $4.20 trading over 1.76 Million shares in trading volume by the market close. General Cannabis recently announced that it completed the initial closing of a $3.0 million private placement transaction with various private parties including existing noteholders of the Company.
Terra Tech Corp. (OTCQX: TRTC) closed up slightly on Wednesday at $0.43 on over 5.96 Million shares traded by the close. Terra Tech Corp. announced the Grand Opening of its latest Blüm retail dispensary, to be located on Desert Inn Las Vegas, Nevada, will be held on October 22, 2016. This is Terra Tech's third retail location in Nevada and follows the opening of the Western Las Vegas Dispensary in April, 2016 and the South Decatur Boulevard Las Vegas Dispensary in August, 2016. The Company also operates a Blüm dispensary in Oakland, California.
CV Sciences, Inc. (OTCQB: CVSI) closed up over 19% at $0.4915 on over 1.2 Million shares traded by the market close on Wednesday. CV Sciences, operates two distinct business segments: a drug development division focused on developing and commercializing novel therapeutics utilizing synthetic CBD; and, a consumer product division in manufacturing, marketing and selling plant-based CBD products to a range of market sectors.
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