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Investment in Recreational #Marijuana on the Rise $BOG.ca $NBUD.ca $MCOA $AERO $CBDS $CGRW $APH.ca $GBLX $ACG $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 1:58 PM on Tuesday, November 20th, 2018

 

  • Drink companies and other investors have begun making moves to profit from the cannabis industry through a series of M&A deals.
  • In Canada, the recent legislation of use of recreational cannabis use has given a boost to the adoption of the industry in North America, as well as the US midterms which saw Attorney General Jeff Sessions (opposed to legalization of cannabis) step down.

Jimmy Aki

In the United States, medical marijuana is currently legal in 30 states. Only nine states and Washington have legalized recreational marijuana for users above the age of 21 years.

Canada and America are very important for the growth of the industry as both countries currently contribute 90% of the global revenues. To take advantage of the sector, American companies have enlisted a little-known strategy known as ‘reverse merger’ to grow their operations.

Source: Shutterstock

Canadian Funds

Reverse Mergers, also known as Reverse Takeovers (RTO), are a speedy way of becoming a publicly traded company and have been on the increase due to the frenzy around the sector. They are used by private firms who acquire a publicly traded company (or a shell company), thereby becoming publicly traded without going through an Initial Public Offering (IPO).

For American firms, Canada remains a popular destination for raising capital, for an industry that is still federally illegal in the US. These firms going through this route can skip the troubles they would have faced if they had sought the traditional IPO route.

These include registration and vetting process from the Canadian Securities Administrators (Canada’s version of the SEC) and investment bankers, who will drill into the finances and barge the company with a ton of questions.

2018 has witnessed over 200 M&A deals in the cannabis sector, according to data from cannabis-focused analytical firm Virdian Capital Advisors. California based cannabis dispensary provider MedMen, whose high-end dispensaries have been compared to Apple stores, went public in May after purchasing Ladera Ventures—a Vancouver based oil and gas shell company, through an RTO.

The company also acquired PharmaCann in a $682 million stock transaction, doubling its market share overnight. MedMen’s competitor iAnthus has also been busy making deals, picking up Canadian diversified cannabis firm MPX Bioceutical in a major $640 million deal.

Entrant of Breweries

For an industry whose market cap was a little over $5 billion market in 2015, with an estimated projection expected to hit a conservative $20 billion by 2020, the market for the emerging cannabis sector can only get better.

The industry could witness an explosion when beverage companies make their long-expected entrance and replace part of their alcoholic content with cannabis. Last year, Constellation Brands, the makers of Corona beer, got into the action with a minority stake in Canadian marijuana producer Canopy Growth Corp.

Winnipeg brewery Fort Garry Brewing Co also joined forces with medical cannabis provider Delta 9 Cannabis to launch the “Legal Lager,” a beer filled with hemp seed.

According to the company’s press release at the time, the Legal Lager, which was released as “an ongoing research and development project to jointly produce a cannabis beer” that contains Tetrahydrocannabinol (THC), doesn’t contain:

“cannabis or any other psychoactive agent produced from the cannabis plant.”

Source: https://www.moneymakers.com/investment-in-recreational-marijuana-on-the-rise/

Bougainville Venture’s $BOG.ca Oroville, WA Cultivation Facility Ready for Occupancy $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 1:02 PM on Thursday, September 27th, 2018

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  • Cultivation facility in Oroville, WA will be occupied by a Tier-3, I-502 tenant within the next weeks
  • The tenant is in the final process of obtaining approval of plans and issuance of permits from Okanogan County and Washington State Liquor Cannabis Board (WSLCB)

Vancouver, BC / September 27, 2018 – BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE: BOG), providing cannabis infrastructure and seed-to-sale services to I-502 tenant-growers, is pleased to announce that its cultivation facility in Oroville, WA will be occupied by a Tier-3, I-502 tenant within the next weeks. The tenant is in the final process of obtaining approval of plans and issuance of permits from Okanogan County and Washington State Liquor Cannabis Board (WSLCB).

Our Cultivation Facility

Our initial facility is situated on prime farmland in Oroville, WA with easy access to transportation, industrial infrastructure, power, water, gas, and courier services in the northern region of the Okanagan Valley.

The cultivation facility consists of 6 greenhouses providing a total of 30,000 sq. ft. of cultivation area. Three of the greenhouses are complete. Final construction of all 6 greenhouses is expected to be completed in February, 2019.

The Oroville facility is projected to produce in excess of 12,000 lbs. of high quality cannabis per annum upon completion of all the greenhouses.

CEO, Andy Jagpal Comments:

“Our Oroville facilities are now ready for our first tenant to take occupancy. We are also in the final stages of signing other I-502 tenants for this facility. In addition, we are in the process of acquiring new cultivation facilities in other cannabis-approved jurisdictions.”

About Bougainville Ventures, Inc.
Bougainville provides cannabis infrastructure and seed-to-sale services to I-502 tenant-growers leasing greenhouse facilities space and providing fully built-out, turnkey solutions and ancillary services including processing, cannabis expertise and marketing and sales resources. Greenhouse canopies provide a 50% saving in cultivation cost. Bougainville has 30,000 sq ft in near production in Oroville, WA.

For more information please visit: http://bougainvilleinc.com/

 

On behalf of the Board of Directors

BOUGAINVILLE VENTURES INC.

_____________________

Andy Jagpal, CEO and Director

For further information, please contact Andy Jagpal at [email protected] or 1-844-734-8420 ____________

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Oroville, WA cultivation facility: statements pertaining to the ability of Bougainville Ventures Inc. (“BOG”); the anticipated economic potential of the property; the availability of capital and finance for BOG to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by BOG in light of its experience and perception of current and expected future developments, as well as other factors that BOG believes are appropriate in the circumstances. Many factors could cause BOG’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.