NetworkNewsWire Editorial Coverage: Licensed cannabis producers in Canada are growing at remarkable pace, swept forward by the country’s legalization of medicinal marijuana in 2001 and impending legalization for recreational use of the plant, set for July 1, 2018. Amid demand for cannabis in various forms, oils are a significant contributor to the growth of leading producers that are keeping an eye on evolving market trends (http://nnw.fm/Xa32z). Key industry players such as ABcann Global Corp. (OTCQB: ABCCF) (TSX.V: ABCN) (ABCCF Profile), Emblem Cannabis, Inc. (OTC: EMMBF) (TSXV: EMC), Emerald Health Therapeutics, Inc. (OTCQX: EMHTF) (EMH: CC), OrganiGram Holdings, Inc. (OTC: OGRMF) (CVE: OGI) and Supreme Pharmaceuticals, Inc. (OTC: SPRWF) (TSXV: FIRE) are leading the industry and adjusting their strategies to include mounting consumer demand for oils.
ABcann Global (OTCQB: ABCCF) (TSX.V: ABCN) is leveraging its position as a globally licensed, cost efficient producer of premium quality organic standardized medicinal cannabis to expand its product line to include cannabis oils. As one of Canada’s first licensed cannabis producers, ABcann is significantly ahead of the curve when it comes to production capacities. The company’s licensed and fully operational Vanluven Facility produces 1,000 kg annually. Construction on the company’s Kimmett facility, an industry-leading, purpose-built, world class style facility, is under contract with another 65 acres under full Abcann ownership for future expansion plans. As noted in its corporate presentation (http://nnw.fm/W6rbx), ABcann’s yield per square foot is 100 percent over the industry average.
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Rising Demand for Cannabis Oils Pushes Canada’s Producers into Overdrive
