PALM BEACH, Florida, March 21, 2017 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Recent legal marijuana research firm Brightfield Group surveyed more than 2,000 marijuana consumers, inquiring about what they would most like to see in new cannabis products entering the market identifying better tasting products, more affordable products as well as consistency and reliability in currently available products. As companies and retailers in Cannabis and legal marijuana expand operations to meet such demands, the need for the development of improved grow services and transport products is creating a lucrative opportunity in the market. Market performances and news happenings in the sector include Sugarmade, Inc. (OTC:SGMD), MassRoots, Inc. (OTC:MSRT), OWC Pharmaceutical Research Corp. (OTC:OWCP), Kaya Holdings, Inc. (OTC:KAYS), Signal Bay, Inc. (OTC:SGBY)
Sugarmade, Inc. (OTCQB:SGMD) today announced its SmelPro™ cannabis transport system, which enables nearly smell-proof and discrete shipping of cannabis, is now being carried in select GreenCoast Hydroponics stores and is being featuring in the retailer's Van Nuys store. Sugarmade is planning additional manufacturing runs of the product in order to supply the SmelPro product across all GreenCoast locations.
"We designed SmelPro™ and CannaShroud after months of field research with growers and dispensaries," commented Jimmy Chan, CEO. "With SmelPro™ odors are almost eliminated and security for transport personnel greatly improved. It's also a great looking product with built to last features and available initially in four popular colors and camouflage. We are currently seeking ways to improve manufacturing lead times in order to ensure an uninterrupted supply to GreenCoast and other retailers." Read this and more news for SGMD at:http://marketnewsupdates.com/news/sgmd.html
"If you transport product, you need to check out SmelPro™. It provides something the industry has never seen before - Nearly odor-free transport of high value product," commented Christian Gligori of GreenCoast. "We invite Los Angeles-based cannabis industry participants to GreenCoast's Van Nuys, CA. location at 16705 Roscoe Blvd to view the advanced features of the SmelPro™ product. This is truly the best way we have seen to discretely transport cannabis."
The SmelPro™ product is a significant improvement over currently available transport units used in the cannabis sector. The product utilizes the unique inner liner from the Company's CannaShroud™ product, which is a combination of two plastic film types - High Density Polyethylene (PE) and Polyamide (PA).
In other legal marijuana and cannabis market performances and developments:
MassRoots, Inc . (OTCQB:MSRT) closed up on Monday at $0.8955 trading over 800,000 shares by the market close. MassRoots announced yesterday that the company has registered more than one million users on its platform. Through its mobile application, MassRoots enables consumers to rate products and strains based on their efficacy (i.e., working well for back-pain or epilepsy) and then present this information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary.
OWC Pharmaceutical Research Corp. (OTCQB:OWCP) closed up slightly on Monday at $1.30 trading over 1.17 Million shares by the market close. OWC Pharmaceuticals owns 100% of One World Cannabis Ltd., which was formed to apply pharmaceutical research protocols and disciplines to the global medical cannabis space. Dr. Yehuda Baruch spearheads the company's research efforts after serving as the head of the Israeli Ministry of Health's Medical Cannabis Program over 10 years, overseeing clinical trials, regulatory compliance, and other industry-wide issues.
Kaya Holdings, Inc. (OTCQB:KAYS) closed up over 5% on Monday at $0.20 trading over 600,000 shares by the market close. KAYS through its subsidiaries, owns and operates the Kaya Shack™ (www.kayashack.com ), the first legal marijuana dispensary by a U.S. publicly traded company - Kaya Shack™. KAYS creates and establishes it own brands that produce, distribute and/or sell premium cannabis products, including flower, concentrates, and cannabis-infused baked goods and candies.
Signal Bay, Inc. (OTC:SGBY) closed up over 5% as well on Monday trading over 6.76 Million shares by the market close. Signal Bay, Inc. is an Oregon-based Life Sciences company. Through its three subsidiaries: EVIO Labs, Signal Bay Research and Signal Bay Services; the Company provides research, consulting services, and analytical testing services to the legal cannabis industry. The Company's EVIO Labs division operates state-of-the-art testing facilities and offers accredited testing methodologies performed by a qualified team of scientists to ensure the safety and quality of the nation's cannabis supply.
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