PALM BEACH, Florida, February 1, 2017 /PRNewswire/ --
Rising number of cannabis-based products and services display the robust growth of the overall cannabis industry as investors and consumers alike rush to get involved in the budding market. Cannabis and legal marijuana companies in focus today include: Sugarmade, Inc. (OTC:SGMD), Acology Inc. (OTC:ACOL), Vitality Biopharma, Inc. (OTC:VBIO), FBEC Worldwide, Inc. (OTC:FBEC) and MassRoots, Inc. (OTCQB:MSRT).
Sugarmade, Inc. (OTC:SGMD) today announces it has entered into a Letter of Intent to develop and market patent protected active packaging for the cannabis industry. The technology the Company intends to introduce will not only better preserve cannabis, including THC levels, via control of oxygen and carbon dioxide levels, humidity and thermodynamic cooling, but will also significantly improve the safety of cannabis via the ability to emit food safe oxidizers and other treatments to mitigate mold, bacteria and other pathogens, including powdery mildew. Read this and more news for SGMD at http://marketnewsupdates.com/news/sgmd.html
While the food industry has used modified atmosphere packaging for many years, recent advancements have given way to active and intelligent packaging. Active packaging is a smart system that involves interaction between packaging components and the internal gas atmosphere within the package. The intellectual property on which Sugarmade will base its new products takes active packaging one step further by adding intelligence to the packaging, which will allow for active feedback to the consumer and tracking throughout the entire supply chain.
"We are very excited about this high-tech packaging and the already issued patents, which protect the intellectual property," commented Jimmy Chan, CEO. "This packaging will enable us to help growers, dispensaries and consumers extend the shelf life of cannabis while making the product much safer for consumption. We plan to be the first company to offer active and intelligent packaging to the fast-growing cannabis industry. We believe this is especially important considering the developing standards in California and other jurisdictions that have recently approved recreational use.
In other legal marijuana market performances of note:
Acology Inc. (OTC:ACOL) closed up over 14% on Tuesday trading over 27.6 Million shares by the market close. Acology executives announced recently that they are expanding their Canadian operations in anticipation of the national referendum to legalize recreational cannabis.
Vitality Biopharma, Inc. (OTCQB:VBIO) closed up slight on Tuesday at $2.16 by the market close. Vitality Biopharma, a corporation dedicated to the development of cannabinoid prodrug pharmaceuticals, and to unlocking the power of cannabinoids for the treatment of serious neurological and inflammatory disorders, recently announced that it has received approval from both the U.S. Drug Enforcement Agency (DEA) and the State of California Research Advisory Panel which permits the Company to scale up activities at its facilities used for the development of novel cannabinoid pharmaceutical prodrugs.
FBEC Worldwide, Inc. (OTC:FBEC) closed up over 79% on Tuesday trading over 16.3 Million shares by the market close. FBEC Worldwide, a lifestyle brand company with a focus on Healthy Hemp Energy™ & CBD infused consumer products, recently announced that on January 5, 2017 FBEC Worldwide, Inc. entered a new co-packing agreement with NVE Pharmaceuticals, the manufacturer of Stacker 2. NVE will produce FBEC's proprietary 2oz energy shots using NVE's custom ingredients and FBEC's hemp juice powder.
MassRoots, Inc. (OTCQB:MSRT) closed up slightly on Tuesday at $1.06 by the market close. MassRoots, one of the leading technology platforms for the cannabis industry, recently announced it has recruited Mr. Tom Angell to serve as the company's Senior Political Correspondent. Mr. Angell has worked on the front lines of cannabis policy reform efforts for more than 15 years, including as chairman of Marijuana Majority, a leading non-profit organization he founded in 2012. Since 2014, Mr. Angell has been a leading contributor to Marijuana.com, where he covered state and national policies and the politics of cannabis.
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