PALM BEACH, Florida, November 16, 2016 /PRNewswire/ --
As the United States moves closer and closer to the possible end of cannabis prohibition with the momentum of this year's election cycle, the need for expanded operations and innovation services within the marijuana industry is skyrocketing. Active companies in the industry to watch this week include: Sugarmade, Inc. (OTC: SGMD), Marijuana Company of America, Inc. (OTC: MCOA), MassRoots, Inc. (OTC: MSRT), Growlife, Inc. (OTC: PHOT) and Signal Bay, Inc. (OTC: SGBY).
Sugarmade, Inc. (OTC: SGMD) today announces DabBox(R) cannabis concentrate packaging with a unique PTFE concentrate containment system. DabBox is a unique point of sale display package that allows cannabis retailers to brand concentrates via custom printed packaging, while providing consumers high value packaging that eliminates waste, while significantly reducing odor. DabBox utilizes virgin Polytetrafluoroethylene (PTFE) due to its unique properties. Virtually nothing sticks to PTFE making it a nearly perfect packaging material for the very sticky cannabis concentrates that are fast gaining in popularity. Additionally, due to its high molecular weight, PFTE is non-reactive to cannabis, which virtually eliminates seepage of the expensive concentrate into the packaging materials. PTFE is also an excellent odor barrier.
Read the full Sugarmade (SGMD) Press Release at http://marketnewsupdates.com/news/sgmd.html
"Almost ten years ago, we revolutionized custom printed packaging for the quick service food industry," commented Jimmy Chan, CEO. This taught us how to produce custom printed materials at a fraction of the prices charged by the large packaging and printing companies, allowing us to control a significant portion of that market. We believe we can do the same for cannabis packaging. We plan to offer highly cost effective custom printed DabBox products to cannabis industry members at very reasonable prices in lots as low as 100 units. Not only are DabBox's great concentrate containers, but these unique products can also be printed with product and/or brand logos to help marketers create brand equity to help them growing their businesses."
Performances in the Cannabis sector include:
Marijuana Company of America, Inc. (OTC Pink: MCOA) closed even on Tuesday on higher than normal trading volume of over 50 Million shares traded by the market close. MCOA, an innovative cannabis and hemp marketing and distribution company, announced this month that its inaugural product launch of hempSMART Brain began November 7, 2016.
MassRoots, Inc. (OTCQB: MSRT) closed down on Tuesday more than 10% on just over 1.1 Million shares traded by the market close. MassRoots, Inc. operates a technology platform for the cannabis community in the United States. The company's mobile network enables users to share cannabis content to connect with the legalization movement.
Growlife, Inc. (OTC Pink: PHOT) also closed down on Tuesday trading over 29.8 Million shares closing down 12% by the market close. GrowLife aims to become the nation's largest cultivation service provider for cultivating organics, herbs and greens and plant-based medicines.
Signal Bay, Inc. (OTCQB: SGBY) closed up slightly on Tuesday just over 3% up on over 7.4 Million shares traded by the close. Signal Bay, together with its subsidiaries, provides advisory, management, and analytical testing services to the legalized cannabis industry in the United States.
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