NetworkNewsWire Editorial Coverage: The marijuana market is ripe
with investment opportunities, and the leaders of the pack are
those who demonstrate the vision and ability to increase corporate
value. Be it through revolutionary technology, health applications,
packaging and accessories, cultivation tools or other means,
companies like SinglePoint, Inc. (SING) (SING
Profile), Kush Bottles, Inc. (KSHB),
Insys Therapeutics, Inc. (INSY), Solis
Tek, Inc. (SLTK) and Medical Marijuana, Inc.
(MJNA) are capturing their share of a burgeoning market
and presenting investors with unique and exciting opportunities to
climb aboard.
In North America, the cannabis market was valued at
approximately $7.2 billion in 2016, and it shows no sign of slowing
down. Not only is the market’s CAGR forecast between 17 and 25
percent within the next few years, but a recent report from New
Frontier Data further estimates that by the year 2020, U.S. medical
marijuana sales alone will increase to $13.3 billion, while adult
recreational marijuana sales will grow to approximately $11.2
billion (1).
Because marijuana is still illegal on a federal level (29 states
and the District of Columbia have passed initiatives or laws
legalizing or regulating the substance), some investors see the
market as a risky bet. The gargantuan size and potential of this
market cannot be ignored, however, and numerous companies are
hedging against risks of violating federal law by offering a
hands-off approach that serves marijuana businesses without ever
touching the plant.
One such example is SinglePoint (SING) a provider of
technology solutions to enable seamless business transactions
that’s building an acquisition portfolio of undervalued
subsidiaries with an emphasis in new technologies. When it comes to
opportunities in the marijuana industry, SinglePoint is taking
advantage of a couple avenues to maintain diversification and build
corporate value.
SinglePoint’s cannabis vertical, SingleSeed has a
competitive “head start” in providing mobile payment processing
solutions, business tools and text message marketing to
“unbankable” marijuana dispensaries whose operations are crimped
because of the lack of banking in the industry. SinglePoint founder
and CEO Greg Lambrecht further discusses this obstacle, the
company’s revenue-generation strategy, and how SingleSeed.com could
be a “pick-and-shovel” for the cannabis industry in a podcast
interview here: http://nnw.fm/L9HdG
"The long-term vision is to build SingleSeed.com into a
market-place for dispensaries to buy the products they need to do
business. SingleSeed will also provide consulting services to
cannabis businesses who need help gaining traction and success in
their strategies,” Lambrecht explained in a recent shareholder
update (http://nnw.fm/edXE2).
Another component of SinglePoint’s strategy in the cannabis
space also centers on technology via its investment in Convectium,
a profitable provider of equipment, branding and packaging
solutions for the cannabis industry. Convectium is the developer of
the first cartridge and vape pen oil filling machines made for
wholesale distribution to marijuana dispensaries. Convectium’s
710Shark and 710Seal machines are capable of filling and packaging
more than 100 cartridges or disposable vape pens in just 30 seconds
– an automation that represents a significant advancement over the
traditional, time-consuming and messy method of filling cartridges
by hand. Currently, these machines are sold to dispensaries through
the EquipCanna.com brand, and Convectium further operates a
consumer brand that includes BlackoutX and HazeSticks, reaching
customers in over 52 countries.
Diversification is a considerable aspect of SinglePoint’s
strategy to build corporate value. Earlier this week SinglePoint
signed a reseller agreement that enables the company to start
onboarding “high risk” merchant accounts. Over 100 business types
are considered high risk, including auctions, vape pen sales,
gambling, online gaming and more. This approach serves as a doorway
for SinglePoint to offer payment solutions to cannabis businesses,
which are also considered high risk, when the industry becomes
bankable.
"We are providing multiple solutions to the cannabis space and
we are trying to do the same in the payments space as well. Being
able to offer a payment solution to multiple different verticals
gives the company a larger target market to tap into. We believe
high risk is a huge opportunity and an underserved market at this
point," Lambrecht stated in the news release (http://nnw.fm/3iacI)
In addition to the need for marketing and automation, growing
interest in cannabis/marijuana products is also driving demand for
packaging and accessories. This is where Kush Bottles
(KSHB) steps in – also taking advantage of a hands-off
approach. Kush Bottles started out in 2010 as a provider of
innovative packaging solutions for the marijuana industry, and the
company has since expanded its product line to range from custom
packaging and labeling items to point-of-sale products like
grinders, lighters, papers and glass pieces. Serving thousands of
dispensaries, retail shops, growers and consumers, Kush Bottles has
become a premier packaging supply and services company, catering
exclusively to the needs of the cannabis industry.
Kush recently acquired Los Angeles-based CMP Wellness, LLC, a
privately held distributor of vaporizers, cartridges and
accessories. According to the press release, this move is expected
to diversify Kush’s product range and deliver new distribution
channels and cross-selling opportunities for existing product
lines. Like SinglePoint’s Lambrecht, Kush CEO Nicholas Kovacevich
also acknowledged the need for financial options in the cannabis
industry.
"The rapid growth of the cannabis market, coupled with the lack
of access to traditional financial services, creates a unique
opportunity for Kush Bottles. As a market leader, we are in a
strong position to leverage our first-mover advantage to grow
market share and scale our business through market consolidation.
We have the necessary infrastructure to immediately support a
larger customer base and benefit from operational synergies while
maintaining Kush Bottles' high production standards,” Kovacevich
stated in the press release.
Another company serving the marijuana industry is Solis
Tek (SLTK), a vertically integrated technology company
that provides digital lighting equipment for hydroponic cannabis
cultivation. The company’s digital lighting solutions are designed
to help increase yield, lower costs and improve crop growth for
cannabis growers. Solis Tek’s customers include retail stores,
distributors and commercial growers both in and outside of the
United States, and the business model is paying off. Solis Tek
earlier this week reported record revenues for the quarter ended
March 31, 2017, of $2.9 million compared to revenue of $2.5 million
in the first quarter of 2016, representing a 12% year-over-year
increase. The company attributes this growth to strength in the
overall cannabis market, brand recognition and its ability to
attract new clients. It also noted “a number of significant
expansion projects from our existing customers.”
Another high demand aspect of the marijuana industry is
medicinal purpose. Insys Therapeutics (INSY), a
specialty pharmaceutical company, is successfully navigating the
medical marijuana market—in a manner of speaking. The company’s
innovative drugs are synthetic cannabinoids. In developing these
pharmaceutical cannabinoids, Insys aims to address the clinical
shortcomings of existing commercial products and to improve quality
of life for patients with unmet medical needs. The company’s SUBSYS
drug has been approved for managing breakthrough pain in cancer
patients 18 years and older who are already receiving and have
become tolerant to opioid therapy. It is delivered via Insys’
proprietary sublingual spray technology and is the first and only
breakthrough pain medication for cancer patients to be offered as a
sublingual spray. In 2016, the FDA also approved Syndros, the
company’s dronabinol oral solution, for anorexia-associated weight
loss in AIDS patients and for nausea and vomiting in chemotherapy
patients. The Drug Enforcement Agency recently placed Syndros in
Schedule II of the Controlled Substances Act.
It is clear that many of the standout leaders within the
marijuana market are capitalizing on its performance in unique and
innovative ways while promoting corporate growth. These “hands-off”
companies demonstrate the diverse opportunities for the savvy
investor looking to profit on the explosive potential of the
blooming marijuana market, but there is also opportunity for a
direct encounter.
Medical Marijuana (MJNA) is an innovative
company that does handle the cannabis plant, but in a
unique way. MJNA has identified a means of working within federal
government restrictions on cannabis to legally provide high-quality
cannabis-derived products in the United States. The key is
non-psychoactive cannabinoids like cannabidiol (CBD), which has a
wealth of potential health applications without reliance on
tetrahydrocannabinol (THC). By growing low-THC varieties of
cannabis—aka hemp—outside of the U.S., MJNA was able to create CBD
hemp oil and successfully import it into the U.S. CBD hemp oil is a
fully legal extract from carefully cultivated hemp plants and is
non-psychoactive, contains a full spectrum of phytocannabinoids, is
high in CBD, and contains almost no THC, which is why it can be
legally sold in the U.S.
The company’s products, offered through the distribution
divisions HempMeds and Kannaway, include pure CBD hemp oil
extracts, tinctures, sprays, capsules, vaporizers, bath and body
products, and even chewing gum. In addition to selling CBD hemp oil
products to more than 200,000 consumers in the U.S., MJNA has
additionally been able to offer the very first legal cannabis
products in Brazil and Mexico.
Sources:
(1) New Frontier Data: http://nnw.fm/2Gezn
For more information on Singlepoint please visit: Singlepoint
(SING) or www.SinglePoint.com
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