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Will Cannabis Technology Be The Next Sector To Watch?

Joe Samuel

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Everyone puts marijuana and cultivation into the same basket. The cannabis industry is more than just about growing plants.  One sub-sector within legal cannabis is technology, believe it or not. 

Examples include the use of blockchain technology to track seed to sale logistics. Other examples include digital advertising campaigns built to sell more product. These show how technology is beginning to evolve in the cannabis arena.

Is Delivery Next For Cannabis Investors?

Uberization is becoming part of everyday life. In addition to this fact, so is an on-demand economy for things like cannabis delivery. According to Statista [1], the United States legal cannabis market is projected to be valued at $24.1 billion by 2025. A bill that was recently introduced to Congress could catapult the industry to those record levels sooner than expected.

Consumers are lazy when it comes shopping for groceries or buying prepared food. Cannabis is following the same trend.  Driven Deliveries (OTC: DRVD) is quickly gaining steam in legal US markets as the new delivery option for customers is resulting in increased revenue and transactions for dispensaries.

A Company Delivering First Mover Advantage In Legal Cannabis

Food delivery apps and services such as GrubHub and Uber Eats have already expanded the revenue generated in the food-service industry by 22% or more. Consumers love getting what they want without having to leave their house to get it, plain and simple.

It should come as no surprise that the only US-based public company doing weed delivery is starting to pop up on investors’ radars. It should also be pointed out that the company is quickly boosting the weight of its management team in a big way.  They’ve added former team members of Amazon, Facebook, GrubHub, and Groupon.

This could be the first phase of growth for Driven Deliveries and right now those who are looking at this early on could be seeing a company with first-mover advantage in the US market.

New Acquisitions Pose Opportunities For Marijuana Stock Investors

Other companies like Aurora Cannabis (ACB) could present opportunities based on their M&A strategy. To date, the company has 15 wholly owned subsidiary companies including MedReleaf, CanvasRX, Peloton Pharmaceutical, Aurora Deutschland, H2 Biopharma, Urban Cultivator, BC Northern Lights, Larssen Greenhouses, CanniMed Therapeutics, Anandia Labs, HotHouse Consulting, MED Colombia, Agropro, Borela, and ICC Labs. On top of this, Aurora has invested in and established strategic partnerships.

Current Public Cannabis Companies Dealing With Aurora

  • Radient Technologies Inc.
  • Hempco Food and Fiber Inc.
  • Cann Group Ltd.
  • Micron Waste Technologies Inc.
  • Choom Holdings Inc.
  • Capcium Inc.
  • Evio Beauty Group
  • Wagner Dimas
  • CTT Pharmaceuticals
  • Alcanna Inc.
  • High Tide Inc.

Now, the Canadian cannabis company is getting into the branding & entertainment world.  On April 22 it announced the search for Canada’s Top Budmaster ™. A national competition will recognize cannabis professionals across the country.

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Endnotes:

[1] https://www.statista.com/statistics/765671/value-of-the-us-cannabis-market-current-and-future/

Disclaimer:

Pursuant to an agreement between MIDAM VENTURES, LLC and a third party, Data Marketing Solutions Inc., Midam was hired for a period from 04/22/2018 – 5/22/2019 to publicly disseminate information about Driven Deliveries Inc. including on the Website and other media including Facebook and Twitter. We were paid $50,000 (CASH) for & were paid “0” shares of restricted common shares. We may buy or sell additional shares of Driven Deliveries Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.

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Strong Potential For Marijuana Stocks This Summer? Amazon May Be Responsible

Joe Samuel

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Ever hear of marijuana stocks? You probably have. The sector for marijuana stocks has exploded, our political landscape sees the legalization of marijuana as a priority, and the projections for the industry are eye-opening, to say the least. A survey by The Associated Press showed 61% of Americans, 76% of Democrats and 54% of Republicans support the legalization of marijuana.

From 1996 to 2019 the number of states that supported the medical use of marijuana increased from 0 to 47 states. Full legality, including recreational, has jumped from 0 to 11 states with more states slowly moving towards full legality.

Although the industry is already experiencing a strong explosion of growth, the market for marijuana still has plenty of room to fill. Given that the political and public climate has warmed up to marijuana legalization the industry will most likely fill that room.

Even with growth, the industry isn’t the easiest to navigate

Regardless of the industry’s support, the financial side can be a bit tricky for marijuana companies. Due to the mass influx of up and coming marijuana companies, diversification in the industry is a real struggle. Product diversification in the industry has been more driven towards the levels of THC or CBD in products which presents legality issues of use for higher level products. Also, the type of consumption allows for diversification. This includes vaping, marijuana-incorporated foods and drinks, and oils.

Another struggle for growing marijuana companies is actually being able to produce the marijuana they plan on using in their products. It is extremely time-consuming to get licensing for cultivating and processing. The most apparent workaround has been for companies to integrate with other companies who have gone through the entire process.

ParcelPal (PKG) (PTNYF) is a company that can help marijuana companies diversify. ParcelPal is an on-demand delivery service that delivers anything a consumer needs. Last month, the company launched its cannabis delivery service in partnership with Kiaro. ParcelPal could give marijuana companies extra customers and sales due to the outreach to consumers not able to access marijuana dispensaries.

An Amazon Connection

ParcelPal holds itself to having the highest standard of delivery services. Amazon and ParcelPal participated in a work order to fulfill deliveries, on behalf of Amazon, in British Columbia, Canada. ParcelPal’s excellence was reflected through Amazon’s recognition, granting them Gold Status due to it becoming one of Amazon’s fastest growing providers and having a near 99% first delivery success rate.

ParcelPal recently welcomed Parm Gill as an advisor to the Board of Directors of the company. Gill is the current Member of Provincial Parliament for Milton. Prior to his work in public service, Parm was involved in several family businesses in the manufacturing and hospitality industries. Parm studied at the Ivey School of Business at Western University, earning his Master of Business Administration degree.

“I am very excited to have Parm join the Advisory Board. Mr. Gill’s knowledge on economic issues and private sector experience will be an asset for ParcelPal moving forward. Mr. Gill has changed criminal law for the better and is always looking for the betterment of safety for all Canadians.”

ParcelPal President and CEO Kelly Abbott

Wait…Amazon? Really?

Let’s expand on the Amazon situation here. The reason is that it could mean something monumental for both the companies engaged with Amazon and for the cannabis industry at large. Amazon potentially could use its Whole Foods Market subsidiary as a hub to sell marijuana products!

John Macket, co-founder and CEO of Whole Foods, expressed, “If cannabis is ever passed in Texas, chances are good that grocery stores will be selling that too. You just never what happens over time with markets. They change and evolve.” Mackey has been consistent on his view of marijuana legalization, supporting it all the way back in 2013.

Of course, Amazon is seen as a behemoth spanning across multiple industries. Yet, it still has some difficulties to face in the marijuana industry. Although there is widespread support for marijuana, the drug isn’t legal federally or in some states yet.

Needless to say, for logistics companies like Amazon and delivery companies like ParcelPal, the opportunity ahead could be slated to “delivery” real revenue opportunities in the not too distant future.

REPORT: Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

Disclaimer: Midam Ventures LLC has been compensated $75,000 per month by a ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG). Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to April 1, 2019. Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to May 1, 2019. Midam Ventures has been compensated $200,000 by Parcel Pal and has extended coverage to June 1, 2019. We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares.  Click Here For Full Disclaimer

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Driven Deliveries, Inc. (DRVD) Enters $530 Million Nevada Cannabis Market

Jon Phillip

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SAN DIEGO, May 14, 2019 (GLOBE NEWSWIRE) — Driven Deliveries, Inc., (DRVD), the world’s first publicly traded cannabis delivery company, announced today that it has successfully launched operations in Nevada with Shango Marijuana Dispensary, one of the most successful stores in the State.  The new endeavor provides Driven with a monumental opportunity to serve Las Vegas, the largest market in the State with massive tourism, and a central launch point for additional markets throughout Nevada.

The Nevada cannabis market has been growing at a rapid pace.  Nevada retailers sold approximately $530 million worth of medical and recreational cannabis in 2018*.  The $44.1 million in monthly revenue represents a 35% increase, when compared to monthly revenue in 2017. According to New Frontier and Arcview Market Research, annual legal cannabis sales in the state are projected to grow to an estimated $629.5 million by 2020.

Shango Premium Cannabis is the leading medical and recreational medical dispensary license holder, grower and manufacturer in multiple states across the country. The Company currently owns cannabis-related licenses in Oregon, Washington and Nevada, with expansion plans that include retail, manufacturing and product distribution in Michigan, New Jersey and California in the cannabis market and nationwide for its CBD products. Shango is vertically licensed to create a full range of award-winning cannabis products, including flower, extracts and cannabis-infused edibles, produced by expert cultivators and processors in Oregon, Nevada and Washington.

“Management is thrilled with our entrance into the white-hot Nevada cannabis marketplace,” stated Mr. Brian Hayek, President of Driven.  “Our foray into the state, is a result of us leveraging strategic relationships and our proven track-record of providing impeccable service to our expanding client base.  Driven has established strong brand recognition, throughout the western United States, and is currently targeting additional markets to increase its presence on a more national scale.”

“This is a great opportunity for Shango Las Vegas to partner with Driven to add a delivery service for our customers who are looking for quality products delivered on demand,” said Mr. Brandon Rexroad, Founder and CEO Shango. “We look forward to working with a premier name such as Driven as we continue to expand our outreach to the emerging Nevada marketplace.”

About Driven
Driven Deliveries, Inc. is the first publicly traded cannabis delivery service operating within the United States.  Founded by experienced technology and cannabis executives, the Company provides on-demand marijuana delivery, in select cities where allowed by law.  Driven provides the legal cannabis consumers the ability to purchase and receive their marijuana in a fast and convenient manner.  By 2020, legal cannabis revenue in the U.S. market is projected to hit $23 billion.  In leveraging consumer trends, and offering a proprietary, turnkey delivery system to its customers, management believes it is uniquely positioned to best serve the needs of the emerging cannabis industry and capture notable market share within the sector.  For more information, please visit https:// GoDriven . com/ and review Driven’s filings with the U.S. Securities and Exchange Commission.

*https://www.globenewswire.com/Tracker?data=1mprnHoKs2LR3q62Be6iLEttTWBm5GUCcmOybjjMEv_zhYxGJOKzJWPZwJWWJ6VAr4roXj2EJBwpSW-uOZshvRDR1eV01ztyxBpUdydhPu65a-bqu_xVN3WV6sOoYoYeiiVJzelnZUcGeZrX4bTlzmH3pzHHdjXMQb58DRf7nJvmAPi96Y5qI6TjmxgkpF7S

Contact
Brian Hayek, President
1 (888) 322-4449
IR@GoDriven.com 
www.godriven.com 

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ParcelPal (PKG.CN) (PTNYF) Welcomes Ontario MP Parm Gill to the Advisory Board of Directors

Joe Samuel

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VANCOUVER, British Columbia, May 14, 2019 /PRNewswire/ — ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG.CN) (PKG.CN) (PT0.F) (PTNYF) is pleased to welcome Ontario MP Parm Gill as an advisor to the Board of Directors.

 Parm Gill is the current Member of Provincial Parliament for Milton. Prior to his work in public service, Parm was involved in several family businesses in the manufacturing and hospitality industries. Parm studied at the Ivey School of Business at Western University, earning his Master of Business Administration degree.

Before being elected to the Ontario Legislature in 2018, Parm was the Federal Member of Parliament for Brampton-Springdale from 2011-2015.

While serving as the MP in the Canadian House of Commons, Parm was appointed as the Parliamentary Secretary to the Minister of Veteran Affairs, and later, the Minister of International Trade. Throughout his tenure, Parm was a member of many committees including the Standing Committee of Public Safety and National Security, Health, Canadian Heritage, Veterans Affairs, and International Trade.

REPORT: Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

In 2012, Parm introduced a Private Member’s Bill, C-394. His bill introduced a new Criminal Code offense: prohibiting the recruitment or encouragement of a person to join a criminal organization. The bill passed with unanimous consent and became law in June 2014. The bill works to keep our streets, neighbourhoods, and committees safer which has always been a top priority for Parm.

As Chair of the Standing Committee on Justice Policy, Parm continues his advocacy work to keep our communities safe. The committee is responsible for studying and providing recommendations on bills related to policing and the courts.

President and CEO Kelly Abbott states, “I am very excited to have Parm join the Advisory Board. Mr. Gill’s knowledge on economic issues and private sector experience will be an asset for ParcelPal moving forward. Mr. Gill has changed criminal law for the better and is always looking for the betterment of safety for all Canadians.”

Parm Gill stated, “I am excited to be joining a company that has put public safety first. As ParcelPal moves further into cannabis and alcohol delivery, I am happy to advise on how they can continue the fight against intoxicated people on the roads and getting their products safely. ParcelPal has a bright future and I am excited to be part of a team that will grow their business across Canada and the United States.”

About ParcelPal Technology Inc.

ParcelPal is a technology-driven logistics company that connects consumers to the goods they love. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.

ParcelPal Website: www. parcelpal . com

The Canadian Securities Exchange (“CSE”) or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.

CSE – Symbol: PKG

FSE – Symbol: PT0

OTC – Symbol: PTNYF

Forward Looking Information

This news release contains forward looking statements relating to the Proposed Transaction, and the future potential of ParcelPal.  Forward looking statements are often identified by terms such as “will”, “may”, “should”, “intends”, “anticipates”, “expects”, “plans” and similar expressions.  All statements other than statements of historical fact, included in this release are forward looking statements that involve risks and uncertainties. These risks and uncertainties include, without limitation, the risk that the Proposed Transaction will not be completed due to, among other things, failure to execute definitive documentation, failure to complete satisfactory due diligence, failure to receive the approval of the CSE and the risk that ParcelPal will not be successful due to, among other things, general risks relating to the mobile application industry, failure of ParcelPal to gain market acceptance and potential challenges to the intellectual property utilized in ParcelPal.  There can be no assurance that any forward looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 

The Company cannot guarantee that any forward looking statement will materialize and the reader is cautioned not to place undue reliance on any forward looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward looking statements contained in this news release are expressly qualified by this cautionary statement. The forward looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward looking statements as expressly required by Canadian securities laws.

Contact: 
Peter Hinam
Director-Investor Relations
peter@ parcelpal . com 
604-401-8700

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