North America Cannabis Customer Base Increasing as Revenue Opportunities Grow Quickly

PALM BEACH, Florida, April 11, 2019 /PRNewswire/ -- Since the 1960's, all eyes have been on California (Berkley, San Francisco, etc.) when it comes to marijuana. In fashion, films, societal changes and legalized pot… California has always seemed to be in the lead. So it is no surprise to see articles looking to California to see what will be trending next year in the cannabis markets. In California, cannabis is not only legal, but you can also have it delivered to your home.  And the company that did most of those deliveries issued a report based on data they collected from 450,000 buyers and about 4,000 survey respondents.   The delivery company's name is Eaze and here is what their report said: "2018 was a monumental year for the cannabis industry. California, the largest cannabis market in the country, officially transitioned from medical to adult use, and new consumer markets emerged across the U.S. and North America.  Baby Boomers and women continue to demonstrate remarkable market share growth and consumers are increasingly turning to cannabis as a wellness tool, with CBD the breakout star of the year. Active companies in the cannabis industry includes: CROP INFRASTRUCTURE CORP. (CSE:CROP) (OTC:CRXPF), HEXO Corp. (NYSE: HEXO) (TSX: HEXO), Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF), CannTrust Holdings Inc. (TSX: TRST) (NYSE: CTST), Liberty Health Sciences Inc. (CSE: LHS.CN) (OTCQX: LHSIF).

This latest Eaze report… reveals the cannabis customer base is growing and diversifying, demonstrating a rise in popularity across all adult groups, regardless of gender or age. Consumers are also turning to cannabis to curb unhealthy habits. A majority reduced their alcohol consumption, with Millennials showing the most significant decrease, while many reduced or eliminated their need for over-the-counter and prescription pain medication.  As new consumers navigate the complex world of cannabis brands, easy-to-use products gain popularity. Products that don't require paraphernalia, such as ready to use pre-rolls, edibles, and vaporizers, are gaining momentum over traditional flower purchases.

CROP INFRASTRUCTURE CORP. (CSE:CROP) (OTCPK:CRXPF) (Frankfurt: 2FR) BREAKING NEWS: CROP announced today that its Emerald Heights retail brand has started two additional retail applications in California.

The first application, in Chula Vista, has already been notified of passing phase 1 of the licensing process. The second, in Contra Costa, has had a letter of intent submitted with the municipality and several appropriate locations have been identified. CROP's business development team has started reviewing several existing licensed M&A opportunities in California for a flagship location.

Furthermore, CROP has confirmed with the brand product supplier that 330,000 pre-rolled cone sleeves have been shipped with custom Hempire and Evolution filters. The pre-roll equipment, located at the recently acquired NorCal distribution centre, can roll up to 10,000 cones per day with sufficient flower remaining from 2018 to fill the cones.

The current market in California for pre-rolled cones is $5.00 wholesale with an MSRP of $10.00 and infused cones are wholesaled at $12.00 with a MSRP of $18.00. "California's cannabis market is expected to soar to $5.1 billion — and it's going to be bigger than beer"  Business Insider (Berke 2018)

A report from the cannabis industry research firm BDS Analytics estimates sales of cannabis to hit $3.7 billion by the end of 2018 alone, and predict that number will increase to $5.1 billion in 2019 as more dispensaries come online. Read this full announcement and more news for CROP Infrastructure at: https://www.financialnewsmedia.com/news-crop/ 

Additional cannabis industry related developments from around the markets:

HEXO Corp. (NYSE: HEXO) (TSX: HEXO) has completed the first harvest in its one-million-square-foot expansion, marking an important execution milestone in the company's continuous growth.

Since early January, plants have been moving into the greenhouse and the first plants have now been harvested. The company continues to ramp up to full harvest capacity using the continuous harvest methodology, the latest step toward reaching the full annual production capacity of 108,000 kilograms of dried flower per year.

Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF) a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., recently announced it has entered into a binding, definitive agreement to acquire CannaPharmacy, Inc. ("CannaPharmacy"), subject to satisfaction of customary closing conditions, including receipt of regulatory approvals in the relevant states. CannaPharmacy owns or operates (through management companies) cannabis licenses in Pennsylvania, Delaware, New Jersey, and Maryland and holds a minority interest in a pending licensee in Colombia. Harvest expects that the transaction will be accretive to Harvest's 2020 revenue and EBITDA.

CannTrust Holdings Inc. (TSX: TRST) (NYSE: CTST) recently announced that it has launched three new cannabis extract formulations to meet the growing demand for oil-based products. The new formulations are designed to fill previously unmet needs within the Canadian medical market, identified through market research and the Company's long-standing relationships with thousands of medical cannabis patients and their healthcare practitioners.

Liberty Health Sciences Inc. (CSE: LHS.CN) (OTCQX: LHSIF) a provider of high quality cannabis, recently announced that it will open its 13th Florida dispensary in Bonita Springs on April 5^th, as the company continues to expand rapidly throughout the state. On April 1^st the Company also received approval form the Florida Department of Health (DOH) for an additional use of 80,000 square feet of enclosed greenhouse space at the Liberty 360 Innovation campus in Gainesville . This brings the Company to a total of 228,880 square feet of cultivation space in the Gainesville area.

This comes on the heels of the Company receiving approval last week to become one of the first companies to provide pre-roll and whole flower smokable products to patients as a result of Governor Ron DeSantis signing a bill (SB 182) into law revoking a ban on smokable medical marijuana.

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com (FNM) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press release issued above by CROP Infrastructure Corp. by a non affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact
email: [email protected] 
+1(561)325-8757

SOURCE FinancialNewsMedia.com