FinancialBuzz.com: Legal Cannabis Market in North America is Expected to Grow

PR Newswire

NEW YORK, January 30, 2017 /PRNewswire/ --

http://www.Financialbuzz.com - According to a report by Market Research Future, the North America legal cannabis market was valued about $3.5 billion in 2015, and is projected to grow at an impressive CAGR of over 33% over the period of 2016 to 2021. The report focuses on North America - USA, Canada and Mexico, where USA is the largest market. The research indicates that among the country markets in North America, the U.S. and Canada's companies accumulate revenue. With strong legalization campaigns, there is a growing approval of possessing medicinal properties, and growing acceptance among end-users. Invictus MD Strategies Corp. (OTC: IVITF) (CSE: IMH.CN), Mountain High Acquisitions Corporation (OTC: MYHI), General Cannabis Corporation (OTC: CANN), Cannabis Sativa Inc. (OTC: CBDS), Aurora Cannabis (OTC: ACBFF)

Some of the change in public perception has proven itself productive during this election cycle, when more states have voted in favor of cannabis legalization for recreational use, including in the state of California, the largest cannabis market, where previously only medical use was legal. Canada is expected to take measures to legalize cannabis for recreational use later this year. A new research by CIBC World Markets claims legalizing marijuana in Canada could create a $10 billion annual industry, as reported by Global News.

Invictus MD Strategies Corp. (OTC: IVITF) (CSE: IMH.CN) targets cannabis companies with proven brands, strong customer focus, and significant growth potential. The company provides capital to meet these objectives and also years of management experience. Invictus MD works in partnership with management teams to increase shareholder value through business planning and process integration, developing and executing growth strategies, leveraging experience and relationships, and structuring and deploying the proper capital to support long-term growth.

On January 26th, Chairman and CEO of Invictus MD Dan Kriznic provided an update to shareholders, "2016 was a transformational year for Invictus MD. The Company's majority interest in Future Harvest Development Ltd. ("FHD"), initially purchased in February 2015, has performed exceptionally well. FHD produced record sales in 2016 as the burgeoning market for commercial hydroponics products continued to show an appetite for FHD's unique lines of nutrients and equipment. Despite 50% year over year sales growth in 2016, the company is confident that FHD's best growth is still ahead. The timely acquisition of a bottling line and exceptional performance and leadership of key hires are leading an expansion into the fertilization sector, where key growth opportunities have been identified. Under the direction of Chris Pearson and newly hired research consultant from the University of British Colombia Dr. Paul Shipley, and head bioengineer Justin Pearson, FHD's Plant Life Products and Holland Secret brands are successfully competing for and winning fertilizer market share. The fertilizer brands, along with the continuing success of companion metering product Grow Boss is earning the company a significant and growing position in the commercial hydroponics market.

The sale of FHD's Sunblaster lighting line for $4.8 million in cash allowed the company the opportunity to issue a $0.07/ share dividend in December 2016 to Invictus MD shareholders for a total of approximately $1 million. The company remains committed to identifying undervalued cannabis industry assets and delivering that value to the shareholders."

Holding company, Mountain High Acquisitions Corporation (OTCQB: MYHI) is focused on the commercial hemp and Cannabidiol products industries. The Company is a real estate investment firm whose primary focus was to hold, develop and manage real property. The Company focuses on acquiring and equipping commercial facilities to be leased to and utilized by the commercial marijuana industry in Colorado. Its subsidiary, GreenLife BotaniX Inc., manufactures cosmetic products that contain hemp extracts, CHE (concentrated hemp extracts). CHE is a unique blend of rare and exotic ingredients taken from industrialized hemp. By isolating and then concentrating the more beneficial extracts of the hemp plant, their scientists have managed to create something both unique and amazing. Engineered at its cGMP & FDA certified laboratories, CHE has been formulated to rejuvenate, repairing the skin.

General Cannabis Corporation (OTCQB: CANN) is the comprehensive resource for top quality service providers available in the regulated Cannabis Industry. The company provides cultivation, production and retail side of the cannabis business through a combination of strong operating divisions such as real estate, consulting, security, financing and the distribution of important infrastructure products to grow facilities and dispensaries. As a synergistic holding company, General Cannabis subsidiaries are able to leverage the strengths of each other. Its subsidiaries include GC Capital, Next Big Crop, Iron Protection Group, and Chiefton Supply.

Cannabis Sativa Inc. (OTCQB: CBDS) develops and promotes natural cannabis products. The Company is engaged in the research, development and licensing of natural cannabis products, including cannabis formulas, edibles, topicals, strains, recipes and delivery systems. The Company plans to develop, produce and market products through joint ventures with companies licensed under state regulations applicable to cannabis businesses. It holds the license for a medicinal cannabis strain called NZT, a cannabis lozenge delivery methodology, and a cannabis trauma cream formula. The Company is also developing a third strain of cannabis plant named CT22. The Company also conducts its operations through its subsidiary, Wild Earth Naturals. Wild Earth is an herbal skin care products formulation and marketing company that plans to target the natural healthcare products market in the United States and abroad. It offers Go Deep, Go Deep EXTRA, Face Garden, Body Garden and Lip Garden.

Canadian owned and operated company, Aurora Cannabis (OTCQB: ACBFF), grows its plants in the shadow of the Rockies in Mountain View County, that are carefully brought to harvest in its purpose-built 55,200 square foot facility. Fed with water from the Canadian Rockies, raised in a state-of-the-art facility designed to produce the cleanest, safest medical cannabis available on the market. The company offers cannabis products of THC, Cannabidiol, Indica, Sativa, and Hybrid.

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