Medical Marijuana Sector Could Exceed $8 Billion in Revenue by 2019 - Company Enters Partnership Agreement with CannaPods, LLC as Exclusive Security Solutions Provider
CORAL SPRINGS, Florida, June 19, 2014 /PRNewswire/ --
Cannabis companies expand operations, prepare to unveil new products and partnerships for future growth opportunities: DirectView Holdings, Inc. (OTC: DIRV), Green Cures & Botanical Distribution Inc. (OTC: GRCU), Terra Tech Corp. (OTC: TRTC), Vapor Group, Inc. (OTC: VPOR) and Tranzbyte Corporation (OTC: ERBB)
DirectView Holdings, Inc. (OTCQB: DIRV), a company focused on the ownership and management of leading video and security technology companies, today announced that it has entered into a strategic partnership agreement with CannaPods, LLC (the "Agreement"), whereby DirectView Holdings will be engaged as the exclusive security solutions provider for CannaPod's customizable portable cannabis grow rooms. Under the terms of the Agreement, CannaPods, LLC will exclusively recommend, promote and endorse DirectView as its vendor of choice for the planning and installation of video surveillance, video monitoring, video recording products and related services for the launch of their proprietary grow room environments for the cannabis industry. The agreement also covers PonicPods, LLC, a sister company of CannaPods, which provides customizable commercial growing environments targeting various industries including organic foods, and bio-fuels.
To read the full DIRV press release, please click here: http://fnmprofiles.com/profiles-dirv.html
CannaPods and PonicPods are proprietary, scalable and customizable portable grow rooms built with leading edge technologies to produce light weight, rigid, insulating panels and an exoskeleton designed for strength and stability. This allows the pod to be portable, easy to construct and de-construct, double-stacked, customized by room size, sanitary, energy efficient, long lasting and economical. When CannaPods are integrated with digital control systems the environment created can help standardized methods of growing cannabis. Due to the insulating nature of the pod's panels, growers are allowed to control air temperature, water temperature, humidity levels, CO2, and ventilation methods with pinpoint accuracy. This is important because it reduces risks of grow room disease that can destroy crops and, with the control software provided, can help growers track data that can help maximize yields.
Cannabis/Medical Marijuana Sector Commentary: IBISWorld Research published a report that determined the medical marijuana industry revenue could reach $8.4 billion by 2019. That's a growth rate of 18.7% annually. Revenue is expected to grow 63.1% in 2014 alone. However, analyst David Yang points out there are many headwinds facing the industry, such as the regulatory environment and the restrictive barriers to entry. Surprisingly edible marijuana products command 54% of the marijuana market share. Because of the various state laws, medical marijuana is mostly a small business operation, but it expected to pay over $750 million in wages. Watch the Full Video on TheStreet.com at http://www.thestreet.com/video/12747902/medical-marijuana-industry-revenue-could-reach-84-billion.html
Green Cures & Botanical Distribution Inc. (OTC: GRCU) Chief Executive Officer, Robert Calkin provided the following industries overview and a corporate update. Green Cures seeks to become the leading cannabis and botanical industry innovator, by providing the highest quality hempseed oils and cannabis flower topical medicinal and botanical products, as permitted by law. With our current and upcoming line of products, we plan to be able to operate in numerous industries, including Nutritional Supplement/Dietary, Health and Wellness, Functional Beverages, Hemp, and Online Marketing. According to The Council Responsible for Nutrition (CRN); along with, economic and market research reports conducted by leading sales and marketing firms, the Nutritional Supplement/Dietary industry in the United States is worth over $31 Billion. Over 50% of all Americans use some form of dietary supplement and it is estimated that approximately 40% of Americans use nutritional supplements. Green Cures management believes that the aging US population, together with an increase in consumer health concerns, signals continuing growth and opportunity in this market.
Terra Tech Corp. (OTCQB: TRTC) subsidiary, MediFarm LLC, recently announced that it has successfully secured a special use permit in Clark County, Nevada for a medical cannabis cultivation and production facility. On June 17th the Company presented to the Board of Commissioners and successfully secured a special use permit for its proposed Las Vegas facility. The MediFarm team presented to the commission their extensive experience in traditional agriculture as well as medical cannabis cultivation and extraction. The Company received unanimous consent from the commission and will move forward in applying to the State for a business license to operate its cultivation and production facility. "We are thrilled to have the opportunity to move forward with our state application," explains Derek Peterson CEO of Terra Tech Corp. "This has been a lengthy process and I want to personally thank the entire team who helped put our application together. Their tireless effort has given our company an opportunity to develop a new business segment, that with state approval, could mean significant growth for us in the future."
Vapor Group, Inc. (OTCQB: VPOR) recently announced that it would attend the Weedstock Cannabis Investor Conference being held at the Westin Denver Downtown Hotel, Denver, Colorado, June 29th-July 1st, at which it will introduce a new line of high-end, sophisticated vaporizers. Yaniv Nahon, Chief Operating Officer, said, "Clearly an important and growing sector of our industry is the emerging cannabis marketplace. As an industry leader, this conference is important to us because it gives us the opportunity to showcase our new technologies. At this conference we will showcase several revolutionary and very exciting new products: Our recently announced "Vapor Box THB" dry herb vaporizer that redefines the standard for all herb vaporizers sold today by vaporizing dry herbs and oil-wax by gently heating them with pure, heated air inside the heating chamber at a controlled temperature which is set to optimally vaporize an herb without burning it, as occurs with current vaporizers that all use heating coils. Using this new vaporization technique, the Vapor Box THB delivers consistent vapor puff after puff, without the eventual burnt taste caused by harsh chemicals generated by combustion. It is truly a sophisticated breakthrough in how vaporizers work! And, it has been designed to sustain a 10,000 hour work life.
Tranzbyte Corporation (OTC Pink: ERBB) attracts established and early growth businesses seeking to take advantage of resources through the public capital markets and provides them capital, legal, accounting, and public relations resources. It acquires private companies and infuses them to transform into publicly-traded, bulletin board companies. The company also sells optical media enhancement products to customers in the United States and Asia. Its products include FLASHAlbum and FlixStix technologies that enable distributors of optical media, such as CDs, DVDs, etc. to consolidate the features of each medium onto a single content-protected USB flash drive. On Wednesday, ERBB closed down 6.75% on over 44 million shares traded.
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