Planet 13 National Launch of Planet M CBD Brand
Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada cannabis company, announced today that it has launched Planet M, a line of custom formulated and curated full-spectrum and CBD isolate products. Planet M will have CBD tinctures, edibles, topicals and more.
Inventive New Technologies Have the Potential to Reshape the Cannabis Industry
Technology has become a major growth factor for nearly every major industry around the globe. The advancements within the tech industry have allowed companies in various sectors to simplify their business operations while delivering optimal service. One industry of notice that has benefited from the rapid evolution of technology is the cannabis market. Entrepreneurs and investors are eager to introduce the idea of technologies such as blockchain into the industry. For instance, there are many different types of tech already within the industry such as tracking and verification systems. Specifically, tracking and verification platforms allow users and business operators to track the product from seed-to-sale, and the information provided will allow consumers to understand where their product originated from as well as its growing process. Furthermore, verification platforms also enable consumers to validate the efficacy and legitimacy of the product they purchase. And while counterfeit products and understanding may be a concern within the cannabis marketplace, companies have developed technological platforms in order to help educate consumers. Furthermore, as the industry continues to grow, innovators are working to develop new, state-of-the-art technology to completely reshape the scene. According to The Verge, claims of "machine learning" and "automation" are becoming popular within the cannabis industry. For example, a Massachusetts-based company, Bloom Automation, has developed a robot that can automate the cannabis trimming process, eliminating the need for humans. The technological advancements ongoing within the cannabis marketspace are expected to accelerate the industry and provide safer and cleaner products for consumers. According to data compiled by Verified Market Research, the global marijuana market was valued at USD 42.20 Billion in 2016. By 2025, the market is expected to reach USD 466.81 Billion while registering a CAGR of 35.3% from 2018 to 2025. AREV Brands International Ltd. (OTC: AREVF) (CSE: AREV), iAnthus Capital Holdings, Inc. (OTC: ITHUF) (CSE: IAN), Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), Planet 13 Holdings Inc. (OTC: PLNHF) (CSE: PLTH), Auxly Cannabis Group Inc. (OTC: CBWTF) (TSX-V: XLY)
Cannabis Growth Opportunity Corporation Announces NAV of $3.41
Cannabis Growth Opportunity Corporation ("CGOC", or the "Company") (CSE: CGOC), a cannabis-focused investment corporation with both public and private cannabis holdings, announces the company's updated net asset value per common share ("NAV") of $3.41 at the close of business on May 15, 2019. This represents growth of 47% since our Initial Public Offering on January 26, 2018, or 23% year to date.