NetworkNewsWire Editorial Coverage: The Canadian government’s commitment to legalize recreational cannabis in July 2018 is touted as an opportunity for investors to profit from the ongoing green blitz. Gearing up for the anticipated spike in consumer demand, cannabis-related businesses are lining up steady sources of supply from the country’s licensed producers (LPs). The alcohol and tobacco industries are also preparing to get their hands on the plush opportunities of legalized recreational cannabis. One of Canada’s earliest licensed cannabis producers, ABcann Global Corp. (OTCQB: ABCCF) (TSX.V: ABCN) (ABCCF Profile), is well-positioned to capitalize on the market’s expansion with its computer-controlled growing platform that helps it produce more than 250 grams of cannabis per square foot each year, placing it among the highest yields within the Canadian sector. Other licensed producers such as Aurora Cannabis, Inc. (OTCQX: ACBFF) (TSX: ACB), Canopy Growth Corp. (OTC: TWMJF) (TSX: WEED), Aphria, Inc. (OTCQB: APHQF) (TSX: APH) and Delta 9 Cannabis, Inc. (TSX.V: NINE), are also gearing up for what all agree will test the industry’s ability to keep up with demand.
ABcann Global (OTCQB: ABCCF) (TSX.V: ABCN), a manufacturer and distributor of medical cannabis within Canada, creates a consistent, organically grown, pesticide-free, standardized product that keeps costs down and its physician/patient base coming back. ABcann’s approach to growing cannabis centers on replicating the natural environment of any geographical location for a product that is both superior in quality and sustainable from batch to batch. The company’s yield per square foot is significant – 100 percent over the industry average – and the quality of its cannabis is a key factor in bringing customers back 94.7 percent of the time. Expansion plans are funded with some $43 million in working capital raised through multiple financings and ground has already been broken on two facilities that will drastically increase production capacity in 2018.
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