PALM BEACH, Florida, January 19, 2017 /PRNewswire/ --
The cannabis industry continues to grow into a multi-billion dollar segment of the economy while innovators and investors are finding ways to capitalize off the momentum with new products and services for producing significant revenue streams. Cannabis companies in focus in the market include: Cannabis Science, Inc. (OTC: CBIS), Marijuana Company of America, Inc. (OTC: MCOA), Rocky Mountain High Brands, Inc. (OTC: RMHB), Puration, Inc. (OTC: PURA).
ML Capital Group (Trading on the OTC Market under the symbol MLCG) today announced a preliminary $1 million 2017 sales forecast. Management has published an online presentation detailing the forecast that is based on: Current annual sales approaching $400,000 annually; Record 2016 fourth quarter sales performance, and Entry into Cannabis Tourism through a pending acquisition. Read this and more news for ML Capital Group at http://marketnewsupdates.com/news/mlcg.html
The Company recently announced record sale performance for the fourth quarter of 2016. The Company also recently announced its entry into the cannabis sector through the pending acquisition of Spanish Peaks ScrumpDelicacies and a corresponding partnership with Puration, Inc. (OTC:PURA). In a presentation published today, management details a preliminary $1 million 2017 forecast based on its introduction of a Cannabis Tourism offering on top of the ongoing growth from its existing luxury tourism business. View the entire MLCG forecast presentation at this link: MLCG 2017 LUXURY TOURISM SALES FORECAST TO INCLUDE NEW CANNABIS TOURS.
In other sector related activity, market performance and recent developments:
Cannabis Science, Inc. (OTC: CBIS) closed up over 17% on Wednesday trading over 118 Million shares by the market close. The Company works with leading experts in drug development, medicinal characterization, and clinical research to develop, produce, and commercialize novel therapeutic approaches for the treatment for illnesses caused by infections as well as for age-related illness.
Marijuana Company of America, Inc. (OTC: MCOA) closed up at $0.07 trading over 22 Million shares by the market close. Marijuana Company of America is a publicly traded company headquartered in Southern California. MCOA will distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis.
Rocky Mountain High Brands, Inc. (OTCQB: RMHB) closed up over 5% on Wednesday trading over 9 Million shares by the market close. Rocky Mountain High Brands, a fully reporting consumer goods company specializing in hemp-infused food and beverage products and a naturally high alkaline water announced this week a February launch of its powerful GPS based geofencing software advertising system in the Los Angeles market.
Puration, Inc. (OTC: PURA) closed up over 25% on Wednesday trading over 8.9 Million shares by the market close. PURA recently announced plans for the official launch its EVERx Cannabinoil (CBD) Infused Water at a major industry trade show in March 2017. Working with Alkame Holdings' (ALKM) wholly owned subsidiary Xtreme Technologies, PURA has developed the EVERx CBD Infused Sports Drink with 10 mg of CBD in a 16.9 oz bottle
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