CORAL SPRINGS, Florida, October 5, 2016 /PRNewswire/ --
The cannabis industry continues to evolve in a variety of ways, with the most recent wave leaning on the tech industry innovation as today's leaders aim to engage consumers through mobile applications and other forms of interactive technology. The Cannabis sector this week continues to shine for Arcturus Growthstar Technologies Inc. (OTC: AGSTF), CV Sciences, Inc. (OTCQB: CVSI), General Cannabis Corp. (OTCQB: CANN), GrowBlox Sciences, Inc. (OTCQB: GBLX) and Terra Tech Corp. (OTCQX: TRTC).
Arcturus Growthstar Technologies Inc. (OTC: AGSTF) (CSE: AGS.CN) is pleased to announce that it has closed on its transaction to acquire a large portfolio of revenue generating Apps and source code ("App Portfolio"). This all-stock acquisition brings on a seasoned team of app developers, which instantly expands the Company's tech portfolio and positions Arcturus for rapid rollout of a suite of marijuana centric apps. It also positions the Company to receive consistent monthly income, as the App Portfolio's trailing 12-month EBITDA was USD $139,000 or CDN $183,000.
Read the full Arcturus (AGSTF) Press Release at: http://financialnewsmedia.com/profiles/agstf.html
"This app portfolio and experienced team lays the foundation for our ability to quickly release new agriculture and legal cannabis related apps without having to go outside of our own company for development and monetization expertise. At the same time, it provides us with a current stream of cash flow while we are building our vertical farming business," says Mr. William Gildea, Arcturus Growthstar Technologies Inc.'s CEO and Chairman. "With Deere & Company (DE), a NYSE listed company and one of the largest equipment suppliers having over 20 mobile apps in the agriculture market, we felt it important to have our own app division as well." "For the month of September, the All-In-One App Portfolio revenue grew by 50%, serving up over 57,000 Facebook ad impressions and over 26,000 AdMob impressions, which puts us at an annual run rate of almost 1,000,000 ads for the next 12 months," comments Mikael Hovhannisyan, the app portfolio manager. "With our plans to increase the portfolio's number of apps by two to three times, we expect the revenue and ad impressions numbers to only keep going up."
Yesterday's performers in the marijuana sector were led by:
CV Sciences, Inc. (OTCQB: CVSI) closed up over 14% at $0.381 on over 2.6Million shares traded by the market close on Tuesday. According to OTCMarkets.com CVSI has just over a $17 Million Market Cap. 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.
General Cannabis Corp. (OTCQB: CANN) closed up over 18% at $2.90 on over 2.2Million shares traded by the market close on Tuesday. According to OTCMarkets.com CANN has just over a $38 Million Market Cap. General Cannabis is the all-in-one resource for the highest quality service providers available to the regulated Cannabis Industry. We are a trusted partner to the cultivation, production and retail side of the cannabis business.
GrowBlox Sciences, Inc. (OTCQB: GBLX) closed up over 7% at $0.345 on over 1.1 Million shares traded by the market close on Tuesday. According to OTCMarkets.com GBLX has just over a $20 Million Market Cap. Growblox announced that it has acquired two additional Medical Marijuana Establishment licenses in Clark County, Nevada. Growblox has formed GB Sciences Las Vegas, LLC. in order to acquire these two licenses. Growblox will be the owner/operator of the businesses and own 60% of the entity with the option to own up to 80%.
Terra Tech Corp. (OTCQX: TRTC) closed up slightly at $0.4025 on over 8.6 Million shares traded by the market close on Tuesday. According to OTCMarkets.com TRTC has just over a $137 Million Market Cap. Terra Tech operates through multiple subsidiary businesses including: Blum, IVXX Inc., Edible Gardens, MediFarm LLC and GrowOp Technology. Blum's retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at financialnewsmedia.com. Follow us on Facebook: facebook.com/financialnewsmedia and Twitter: twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Arcturus Growthstar Technologies Inc. by a non-affiliated third party. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
SOURCE FN Media Group, LLC