Canadian Companies Monetizing on Demand for Cannabis Products & Leading Edge Grow Equipment
PALM BEACH, Florida, December 6, 2016 /PRNewswire/ --
The increasing number of cannabis and marijuana grow facilities is leading to new market opportunities for contractors and manufacturers as the demand for cannabis grow equipment continues to rapidly trend upward. The Canadian cannabis of note in the market today include: Arcturus Growthstar Technologies Inc. (CSE: AGS.CN), Canopy Growth Corporation (TSX: CGC.TO), Mettrum Health Corp. (TSX-V: MT.V), Cannabix Technologies Inc. (CSE: BLO.CN) and Canadian Zeolite Corp. (TSX-V: CNZ.V).
Arcturus Growthstar Technologies Inc. (CSE: AGS) is pleased to announce that it's LED division, LED Canada, has received its largest purchase order to date from a 40-year-old Canadian chain of stores. This one customer positions LED Canada, a wholly owned Arcturus division, to potentially generate over $1,000,000 in business in 2017. Arcturus' LED Canada and COB Grow Lights divisions offer a wide variety of cutting edge LED lights for commercial, municipal, and home applications as well as greenhouse and indoor cultivation of legal cannabis.
According to LEDInside: LED Lighting Market to Reach US$30.5 Billion in 2016 and Professional Lighting Markets to See Explosive Growth. Read the full Arcturus (AGSTF) (AGS.CN) press release and more recent news at: http://marketnewsupdates.com/news/agstf.html
"Our LED business is gaining more traction in the marketplace due to many factors that we suspect are related to the scaling of cultivation centers for both the cannabis and urban farming sectors. On a daily basis, we have seen an increase in inquiries since November 8th, which is exciting given our LED division is vital to cultivation expansion in North America," said Mr. William Gildea, Arcturus Growthstar Technologies Inc.'s CEO and Chairman. "This month the Company shipped its largest single order to a single commercial customer, which operates a chain with 200 locations. The customer is currently testing the LED lighting in key markets and structuring a rollout to its other locations throughout Canada."
Other Canada Cannabis with current or recent developments of note in markets:
Canopy Growth Corporation (TSX: CGC.TO) and Mettrum Health Corp. (TSX-V: MT.V) announced last week that they have entered into a definitive arrangement agreement pursuant to which Canopy Growth will acquire all of the issued and outstanding shares of Mettrum, creating a world-leading diversified cannabis company with six licensed facilities, and a licensed production footprint of approximately 665,000 sq. ft., with significant acreage for expansion. The total transaction is valued at approximately C$430 million and will be satisfied by the issuance of common shares in Canopy Growth. Under the terms of the Arrangement Agreement, Mettrum shareholders will be entitled to receive 0.7132 common shares of Canopy Growth for each common share of Mettrum, representing consideration of C$8.42 per Mettrum common share based on the closing price of Canopy Growth common shares on the Toronto Stock Exchange ("TSX") on November 30 , 2016.
Cannabix Technologies Inc. (CSE: BLO.CN) closed down slightly on Monday at $0.75 on just over 500,000 shares traded by the market close. Cannabix Technologies Inc. develops Cannabix Marijuana Breathalyzer for law enforcement and the work place in North America. The company’s Cannabix Marijuana Breathalyzer system is based on breath testing technology for recent use of the Tetrahydrocannabinol component of marijuana.
Canadian Zeolite Corp. (TSX-V: CNZ.V) closed up over 13% on Monday at $1.40 trading over 1 Million shares by the market close. Canadian Zeolite Corp..is recenly announced it has reached a Supplier Agreement with Natural Ventures, a Puerto Rico based licensed grower and manufacturer of medical marijuana. Canadian Zeolite will now be working with Natural Ventures to enhance their growing production per square foot with zeolitic fertilizers and substrates.
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