CORAL SPRINGS, Florida, June 24, 2015 /PRNewswire/ --
Profit and Revenue potentials continue to grow for the marijuana/hemp industries as highlighted at the recent 2015 Cannabis World Congress and Business Exposition which displayed more than a few crossover companies - those with know-how in other industries, hoping to show how their services and products can play a part in the cannabis sector. Companies with operations, services and products in focus today for the marijuana industry are DirectView Holdings, Inc. (OTC: DIRV), Medical Marijuana, Inc. (OTC:MJNA), mCig, Inc. (OTC: MCIG), Hemp, Inc.'s (OTC: HEMP), Totally Hemp Crazy Inc. (OTC: THCZ) & The MaryJane Group, Inc. (OTCBB: MJMJ)
DirectView Holdings, Inc. (OTC: DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that it has been selected to complete a comprehensive security and surveillance installation at a newly constructed Colorado Marijuana Infused Product Facility. The selection is comes as a direct result of the Company's strategic partnership agreement with Cannamor, LLC ("Cannamor"), a privately held Colorado based consulting company focused on legal cannabis growing and dispensing projects. The full installation is expected to be completed early in the third quarter and will include the DirectView IP megapixel security cameras, DirectView's NVR video and audio storage server as well as a comprehensive intrusion alarm system.
Read the full DIRV Press Release at http://www.financialnewsmedia.com/profiles/dirv.html
Matt Moore, President of Cannamor (http://www.cannamor.com) commented, We are very pleased to have established another job win as part of our strategic relationship with DirectView to provide for the extensive security needs of our rapidly growing client list. We look forward to having them handle the security needs of all of our current and future clients as we continue to grow our cannabis facility consulting business. Cannamor is expanding our services outside of the Colorado market and we are happy to have DirectView as part of our services team as we build for the future." Roger Ralston, CEO and Chairman of DirectView, stated, "We are excited to expand our relationship with Cannamor in this important business vertical by providing complex security system solutions for its growing customer base. The cannabis industry is a rapidly growing business opportunity for DirectView and we intend to continue to build our footprint in Colorado and other geographic regions in the U.S. We look forward to working with Cannamor as its exclusive security provider on their clients' locations for years to come."
In other marijuana/cannabis/hemp/hardware developments and happenings: As New York prepares for access to medical cannabis, many entrepreneurs curious about establishing businesses in support of the historic statewide initiative turned out at the Cannabis World Congress and Business Expo at Javits Center in Manhattan. There, Medical Marijuana, Inc.'s (OTC:MJNA) HempMeds(R) and investment portfolio company, KannaLife Sciences, were featured in media reports by CBS News, NBC New York, Fox 5 New York, PIX11, Yahoo News, Yahoo Finance, Getty Images and more.
mCig, Inc. (OTCQB: MCIG), a leading provider of technology, products, and services for consumers, dispensaries, and growers within the global medical and recreational marijuana industry, announced this wekk that Maury Winnick has joined the Company as Vice President of Global Sales. In his role, he has already restructured the corporate sales strategy, including the development of a Master Distribution Agreement (MDA), the first of which features Just Chill Products, LLC (http://chillcbdoil.com/). Just Chill Products is one of many product lines being tested and farmed by the mCig sales team, which has put the full array of resources behind growing the sales of Chill products for the past 90 days, boosting sales each month.
Hemp, Inc.'s (OTC: HEMP) decortication line was featured in the June issue of Freedom Leaf magazine, the multi-media industry magazine geared towards the legalization of marijuana. The publication empowers a network of activists around the world while covering the "latest news, art, fashion, lifestyle, and entertainment in the cannabis industry." With an impressive 300,000 magazines in circulation in 32 states by 160 activists and traditional distribution networks, this month's Freedom Leaf June issue not only encapsulates "good news" in marijuana reform, but also pays homage to George Shlichten's 1917 hemp decorticator that "fell into oblivion" without a trace in its featured article, "The Return of the Hemp Decorticator".
Two actively traded marijuana companies with high volume activity this week are Totally Hemp Crazy Inc. (OTC: THCZ) trading over 5.4Mil shares on Tuesday closing down over 10% at $0.133 and The MaryJane Group, Inc. (OTCBB: MJMJ) trading over 133Mil shares on Tuesday as well closing up over 29%.
Totally Hemp Crazy, Inc. announced recently that the Company has now recorded its largest quarterly revenues ever driven by brisk sales and a rapidly growing distribution base. On June 1, 2015, The MaryJane Group, Inc. entered into a securities exchange agreement (the "Magna EA") with Magna to retire certain outstanding debt in exchange for another convertible promissory note (the "Magna Note") with Magna in the principal amount of $53,274.98 bearing interest at 12% annual interest. The principal and all accrued but unpaid interest is due on May 26, 2016. During the first 90 days following the date of the note the company will have the right to prepay the principal and accrued but unpaid interest due under the note, together with any other amounts the company may owe the holder under the terms of the note, at a premium of 135%.
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