HOUSTON, TX / ACCESSWIRE / April 3, 2019 / One of the largest group of cannabis consumers will be North America, says Arcview Market Research and BDS Analytics.
Sales are expected to explode from just $9.2 billion in 2017 to more than $47.3 billion by 2027.
To meet demand, a number of North American companies are just beginning to build out cannabis retail brands throughout the continent. Some of those very companies include Crop Infrastructure Corp. (CSE: CROP)(OTC: CRXPF), Curaleaf Holdings Inc. (CN: CURA)(OTC: CURLF), and Green Thumb Industries Inc. (CN: GTII)(OTC: GTBIF).
Crop Infrastructure Corp. (CROP)(CRXPF) for example, has been advised by its tenant brand sales team that the Hempire and Evolution brands are now available in 40 retail locations, mostly along the coastal cities of Washington. The flower is available in eight different strains across seven sizes with concentrates being made available in five different concentrates across 20 separate strains giving the retail locations over 100 SKUS to offer their consumers.
Crop's tenanted Washington facility has a major advantage with low cost electricity at $0.02 per kWh and greenhouse style growing, making it one of the most efficient growing operations available in the state of Washington for high quality product.
"Our tenant growing team and their sales team have made outstanding progress with product placement in 40 retail locations for both flower, oils and extracts. We continue to build out our brands in California and Nevada and our objective is, ultimately, to be in as many states as possible," says CROP CEO, Michael Yorke.
For More Information on Crop Infrastructure Corp., Click Here.
Curaleaf Holdings Inc. (CURA)(CURLF) just acquired Eureka Investment Partners, which operates a cultivation facility in the Salinas Valley with three dispensaries across the state.
"The acquisition of Eureka cements our foundation in California and positions us well in the largest cannabis consumption market in the U.S.," said Joseph Lusardi, CEO of Curaleaf. "The closing of this transaction marks an important milestone for Curaleaf, enabling us to enter the highly attractive California market as a vertically integrated operator with plans to expand across the state."
The addition of Eureka's cultivation platform will provide Curaleaf access to California's wholesale market through an existing 110,000 sq. ft. greenhouse facility in Salinas, California, with the potential to expand up to 270,000 sq. ft. that could generate over 50,000 pounds of dry flower per year at full scale.
For More Information on Curaleaf Holdings Inc., Click Here.
Green Thumb Industries Inc. (GTII)(GTBIF) just acquired the For Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products. Beboe is currently available in more than 125 retail locations in California and Colorado and via home delivery across California. In 2018, Beboe launched a direct-to-consumer hemp-derived CBD line of products and introduced several collaborations, including a CBD-infused drink with wellness brand Dirty Lemon.
For More Information on Green Thumb Industries Inc., Click Here.
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from aressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
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