Legal Cannabis Market is Growing More Competitive as Demand Grows

NEW YORK, August 13, 2018 /PRNewswire/ --

According to a report published by Grand View Research, the global legal cannabis market is expected to reach USD 146.4 Billion by end of 2025. The increasing acceptance of cannabis goods for numerous therapeutic applications for ailments such as cancer, mental disorders and chronic pain are projected to energize the growth of revenue in the near future. The report also indicates that the legal cannabis market has started to gain traction worldwide due to the high demand among consumers for recreational and medical products. As a result, large public and private investments for research and the development of safer forms of ingestion for cannabis such as tinctures, oils, vapes and other edibles are expected to positively strengthen market growth rates. Crop Infrastructure Corp. (OTC: CRXPF), GB Sciences Inc. (OTC: GBLX), AppSwarm Inc. (OTC: SWRM), SinglePoint Inc. (OTC: SING), VIVO Cannabis Inc. (OTC: ABCFF)

The legal cannabis market has become very competitive in recent years. According to Brightfield Group's official blog post, "With cannabis dispensary and product data now going back over two years, our surveys of marijuana product availability in major US state markets reveal several clear indicators that the market is growing increasingly competitive and crowded… One example of this is exhibited by the increase in the variety of branded products available at U.S. dispensaries. Two years ago, the average U.S. dispensary carried 94 different types of branded marijuana products. One year ago, that number had grown to 118, and by January of this year, a typical dispensary carried over 150 different branded products."  

Crop Infrastructure Corp. (OTC: CRXPF) is also listed on the Canadian Securities Exchange under the ticker (CSE: CROP). Earlier last week, the Company announced that, "its tenant at the Humboldt County California property has started harvesting 10,000 sq. ft. of greenhouses.

The operation began in the first of five 2,000 sq. ft. greenhouses and the remaining four greenhouses will be harvested at the rate of one per week. As each greenhouse is harvested new starter plants will populate the canopy space. Once the crops have all been taken down an additional 20,000 sq. ft of canopy crop will be harvested at which time the plants should be mature.

CROP Infrastructure Director & CEO, Michael Yorke, states, "This is an exciting time at CROP as our California property's tenact reaches its first harvest. First production is always a very important milestone as the results will be analyzed closely and will give an indication of what is not only achievable long term on this property, but also similar ones."

About Humboldt Holdings LLC: Located in Humboldt County, California the property is 8.46 acres and currently houses a 10,000 sq. ft. greenhouse as well as a barn, garage and residence. On-site are five 5,000-gallon water tanks, a well and pump house and a 30 x 60 ft. drying shed. The property is zoned for a 10,000 sq. ft. medical and a 20,000 sq. ft. recreational cannabis license."

GB Sciences Inc. (OTCQB: GBLX) is a diverse cannabis company, focused on standardized cultivation and production methods; as well as biopharmaceutical research and development. Recently, the Company signed an agreement to initiate research collaborations with Dr. Norbert Kaminski, Professor of Pharmacology & Toxicology at Michigan State University. Dr. Kaminski will study toxicology, anti-inflammatory properties, and immunomodulatory activity of GB Sciences' proprietary cannabis-based neuroprotective compounds using a diverse array of assays employing human primary white blood cells. Mounting evidence suggests that the inflammatory processes in the brain contribute to the pathologies of Parkinson's, Alzheimer's and HIV-Associated Neurocognitive Disorders. The human primary blood cell screens performed at MSU are state-of-the-science models for evaluating the effects of compounds on the human immune system and allow MSU researchers to assess both the toxicity and anti-inflammatory potential of GB Sciences' neuroprotective compounds, including their Parkinson's formulations and others. "GB Sciences is honored to be working with Dr. Kaminski on this project. He pioneered studies of the effects of cannabis on the immune system," explains Dr. Andrea Small-Howard, Chief Science Officer of GB Sciences.

AppSwarm Inc. (OTC: SWRM) is a technology company specializing in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. The Company recently provided an update on current projects under development, and course of action for future funding. AppSwarm has formed a strategic partnership with SinglePoint to develop a delivery tracking platform for the emerging cannabis industry. The application will assist in tracking deliveries through its mobile GPS platform, and provide background security and transparency for drivers and companies alike. AppSwarm has also formed a strategic relationship once again with SinglePoint for the development of a Bitcoin digital wallet, which will be marketed in TV commercials throughout the United States, staring former Shark Tank host Kevin Harrington. These commercials will clearly show AppSwarm as the main technology source behind this product and should provide immediate exposure for its Company to a national audience. AppSwarm has formed a strategic partnership with New York-based AI VentureTech Inc. to assist in developing next-generation mobile applications off a new cloud platform being developed by a 4G and pre 5G broadband provider

SinglePoint Inc. (OTCQB: SING) is a technology and investment company with a focus on acquiring companies that will benefit from the Company's management, potential injection of growth capital and technology integration. Recently, Singlepoints provided an overall company update including revenue, Form 10, acquisitions. SinglePoint over the past year has been able to successfully integrate its acquisitions and reported revenues of over USD 188,000 for the first quarter of 2018, which represents a significant increase as compared to the first quarter of 2017.  This revenue increase has been generated by successful acquisitions continuing to grow and operate, including DIGS and JAG. Acquisitions have been a key factor in starting to build a solid financial base and the Company intends to continue to grow the company. "We built a solid base throughout 2017 and have been building upon that in 2018 which has led to SinglePoint starting to generate a major increase in revenue compared to previous years. We are looking to acquire companies that are cash flow positive. This will give SinglePoint the ability to operate and continue taking risks in hyper-growth opportunities", states Greg Lambrecht Chief Executive Officer.

VIVO Cannabis Inc. (OTCQB: ABCFF) is recognized for trusted, high-quality products and services. The Company recently announced that it will be known as VIVO Cannabis Inc. - a contemporary reflection of the Company's evolution, purpose and direction. The name change will be effective at market open on Tuesday, August 7th, 2018 and "VIVO" will replace "ABCN" as the Company's ticker symbol on the TSX Venture Exchange. VIVO - which translates to "living" in Latin - embodies the Company's commitment to providing quality cannabis products and services that improve lives. It's the common thread that unites all, and it's the spirit behind the rebranding. It also celebrates the recent announcement of the Company's proposed acquisition of Canna Farms Limited. With the emergence of the Canadian adult-use market, continued focus on the medical cannabis segment and a growing global opportunity - coupled with a healthy balance sheet showing USD 110 Million in cash - VIVO is well-positioned for success. VIVO is a collection of premium brands targeting unique customer segments and needs. Under the overall corporate umbrella of VIVO Cannabis Inc. (vivocannabis.com), the Company's portfolio includes the following brands: Beacon Medical; Fireside Cannabis; Lumina Wellness; Harvest Medicine. "VIVO is committed to making the most out of life. Our company tagline - 'living life' - demonstrates our dedication to meeting the needs of our customers in Canada and internationally with cannabis-based products, both in the medical and adult-use markets," says Barry Fishman, Chief Executive Officer of VIVO Cannabis.

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