PALM BEACH, Florida, December 6, 2016 /PRNewswire/ --
The rising effects of the booming cannabis industry are spreading to other areas of the economy, especially in industries such as innovative new cannabis infused products and professional lighting developments as companies hurry to develop and acquire enhanced cannabis grow equipment, The cannabis operators of note in the markets today include: Arcturus Growthstar Technologies Inc. (OTC: AGSTF), Greengro Technologies, Inc. (OTC: GRNH), Medical Marijuana, Inc. (OTC: MJNA), mCig, Inc. (OTC : MCIG), and 22nd Century Group, Inc. (NYSE: XXII).
Arcturus Growthstar Technologies Inc. (OTCQB: AGSTF) is pleased to announce that it's LED division, LED Canada, has received its largest purchase order to date from a 40-year-old Canadian chain of stores. This one customer positions LED Canada, a wholly owned Arcturus division, to potentially generate over $1,000,000 in business in 2017. Arcturus' LED Canada and COB Grow Lights divisions offer a wide variety of cutting edge LED lights for commercial, municipal, and home applications as well as greenhouse and indoor cultivation of legal cannabis.
According to LEDInside: LED Lighting Market to Reach US$30.5 Billion in 2016 and Professional Lighting Markets to See Explosive Growth. Read the full Arcturus (AGSTF) (AGS.CN) press release and more recent news at: http://marketnewsupdates.com/news/agstf.html
"Our LED business is gaining more traction in the marketplace due to many factors that we suspect are related to the scaling of cultivation centers for both the cannabis and urban farming sectors. On a daily basis, we have seen an increase in inquiries since November 8th, which is exciting given our LED division is vital to cultivation expansion in North America," said Mr. William Gildea, Arcturus Growthstar Technologies Inc.'s CEO and Chairman. "This month the Company shipped its largest single order to a single commercial customer, which operates a chain with 200 locations. The customer is currently testing the LED lighting in key markets and structuring a rollout to its other locations throughout Canada."
Other Cannabis stocks with news and happenings of note:
Greengro Technologies, Inc. (OTC: GRNH), a world-class provider of eco-friendly green technologies, announced last week the availability of highly technologically fortified industrial-grade glass greenhouses designed to equip high-capacity growers with a state-of-the-art facilities designed to support commercial level production of both agricultural produce and cannabis.
Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, announced last week that its major investment company AXIM® Biotechnologies, Inc. (AXIM® Biotech) (OTC PINK: AXIM) has filed an IP application with the World Intellectual Property Organization (WIPO) on a proprietary method to extract THC-A (tetrahydrocannabinol acid) from cannabis plants and to achieve THC (tetrahydrocannabinol) with higher purity than conventional methods being used in the market today.
mCig Inc., (OTCQB: MCIG), a diversified company servicing the legal cannabis, hemp, and CBD markets, announced last wekk its VitaCig Division continuing its international expansion by securing a three year distribution agreement for Europe with a minimum purchase of $2M over the next three years. Fresh off the heels of closing a $1.3M three-year contract for Japan, the VitaCig Division has closed yet again another lucrative international contract, this time for the European Union, including Russia.
22nd Century Group, Inc. (NYSE: XXII) closed up over 18% on Monday at $1.10 trading over 1.4 Million shares by the market clsoe. 22nd Century Group, a leader in tobacco harm reduction and cannabis research, announced today that the Company will present at the LD Micro Invitational Investor Conference at the Luxe Sunset Boulevard Hotel, 11461 Sunset Boulevard, Los Angeles, California, on Wednesday, December 7, 2016 at 1:30 p.m. EST.
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