NEW YORK, Nov. 7, 2016 /CNW/ - Cannabis legalization is a big deal this election. Legalization measures are on the Ballot in nine states, and if all the measures pass it will mean that nearly a quarter of Americans will be able to use marijuana for both medical and recreational purposes. Five of the nine states - California, Nevada, Arizona, Massachusetts and Maine will be voting specifically on legalization of cannabis recreationally. Canadian Zeolite Corp. (CNZ.V), Aurora Cannabis Inc. (ACB.V), Canopy Growth Corp (CGC.TO), Golden Leaf Holdings Ltd (GLH.CN), Maple Leaf Green World Inc. (MGW.V)
According to ArcView Market Research which was reported by and New Frontier, the value of the legal marijuana industry is expected to reach $7 billion by the end of this year, assuming only California votes in favor of legalization. In comparison, the value of legal marijuana industry in 2015 just went over $1 billion, and was only about $351 million in 2014.
Canadian Zeolite Corp. (TSX-V: CNZ) is an environmentally friendly Green Tech business well suited to today's economic environment. The company explains the value of Zeolite, which is a naturally occurring mineral found in volcanic ash, and is unique notable in its crystalline structure perforated by microscopic pores. These pores allow zeolites to act as natural filters. As a result, Zeolites (microporous) are used across several industries for a variety of purposes, including water purification and radioactive waste containment.
The company announced and stated that it will begin shipping its natural zeolite to several medical marijuana growers in Canada and the United States. Currently, the Canadian Zeolite team is proceeding with developing zeoponics and zeoponic substrates specifically for use in the growing of medical marijuana. Zeoponics allows the plant to absorb the nutrients as it needs them, which improves the plant quality, produces higher yields and shortens production cycles. In addition, natural zeolite aids in control of mould and moisture issues in standard plant growing operations.
Canadian Zeolite Corp. CEO, Ray Paquette, said in a statement "with the explosive growth of the medical marijuana industry, Canadian Zeolite is well-positioned to become a leading supplier of natural zeolite to this expanding market as well as becoming an innovator of new products to compliment the growing process."
Aurora Cannabis Inc. (TSX-V: ACB) is a licensed producer of medical marihuana pursuant to the Marihuana for Medical Purposes Regulations. It operates an approximately 55 thousand square foot expandable production facility in Alberta, Canada. Earlier this September the company announced that it has achieved a new milestone, reaching a number of 7,700 active registered patients, only about eight months after the Company first started operations. On November first Aurora Cannabis announced that it has completed a brokered private placement of 8.0% unsecured convertible debentures of the company with a diverse group of investment dealers, which are being led by Canaccord Genuity Corp. The gross proceeds are estimated at $25 million.
Canopy Growth Corp. (CGC.TO) is a diversified cannabis company. Canopy Growth is engaged in the business of producing and selling legal marijuana in the Canadian medical market. On November 1st the company announced the acquisition of Vert Médical, a Quebec-based ACMPR applicant. In addition, Canopy Growth has announced territorial expansion with a new indoor growing facility and office located in Quebec. The lease and the right to acquire is for a 90 acres of land and a 7,000 square foot space.
Golden Leaf Holdings Ltd. (GLH.CN) is a cannabis oil and solution provider in North America. The Company produces and distributes various types of products, such as cannabis flower and cannabis oils. In addition, Golden Leaf Holdings owns a dispensary through its subsidiary, Left Coast Connections. The company's recent financial report shows that revenues for the six months ended June 30, 2016 were significant increased, by 19%, over the comparable period of in 2015.
Maple Leaf Green World Inc. (TSX-V: MGW) is focused on eco-agriculture and renewable energy in the environmental industry. The Company is seeking opportunities to obtain a Marijuana for Medical Purposes Regulation (MMPR) License from Health Canada and medical marijuana business in the State of California, the United States. Earlier in September, the company announced that their California project started shipment of product from its initial harvest.
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