Advancements continue to be made in various CBD extractions as the demand for cannabis extracts continues to climb at a high rate. Cannabidiol (CBD) is one of the most important healing substances, with a strong anti-inflammatory effect and without a psychotropic (narcotic) effect.
These are the companies with the most revenue growth potential.Vinergy Resources Ltd. (OTCQB:VNNYF, CSE:VIN.CN), in conjunction with its proposed acquisition of MJ Biopharma (announced December 14, 2016), is pleased to announce it has developed a disruptive solvent based extraction system.
The project currently underway for an existing customer, utilizes an ethanol / CO2 co-solvent blend and specialized equipment, to achieve medicinal products with significantly increased purity. The current iteration of the machine has the physical footprint of a standard shipping skid and incorporates safety and process control systems, in one easy-to-use platform.
Cannabis Science, Inc. (OTC:CBIS) closed up just over 5% on Monday, trading over 13.6 Million shares by the market close on Wednesday. CBIS recently announced the anticipated delivery of the first of our pre-designed greenhouses, with full tracking and reporting protocols to be delivered this week, for our California and Nevada operations.
Medical Marijuana, Inc. (OTC:MJNA) closed up over 17% on Wednesday, trading over 25.8 Million shares by the market close. MJNA announced this week that Eric Raszewski has joined subsidiary HempMeds as Sales Manager. In this new position, Raszewski will be responsible for the management and development of the inside sales team at the company. He will provide data and insight to the sales team to help them continue to supply HempMeds® products, to the many loyal customers who depend upon the company's world-class team.
Terra Tech Corp. (OTCQX:TRTC) closed up slightly on Wednesday, trading over 1.7 Million shares by the market close. Terra Tech Corp., through its subsidiaries, engages in the design, marketing, and sale of hydroponic equipment with proprietary technology to create sustainable solutions for the cultivation of indoor agriculture in Newport Beach and Irvine, California. It operates through two segments, Hydroponic Produce and Cannabis Products.
Supreme Pharmaceuticals Inc. (OTC:SPRWF, CSE:SL.CN) closed up on Wednesday, at $1.58 on the CSE exchange trading over 700,000 shares and at $1.20 on the OTC market closing up just over 4%. Supreme is a Canadian, publicly traded company and is one of 37 companies with a Federal ACMPR license to produce marijuana, recently licensed on March 11th, 2016 as well as owning a 7 acre (342,000 sq.ft.) Hybrid Greenhouse, that combines best practices of indoor cultivation with the cost structure of a greenhouse.
For the full press release go to BioPortfolio