NetworkNewsWire has announced making an editorial publication featuring ABCANN GLOBAL CORPORATION (CVE:ABCN). NetworkNewsWire is a financial news and publishing company while ABCANN GLOBAL is one of the leading clients of NetworkNewsWire and a worldwide licensed producer of organic standardized medicinal cannabis of premium quality. The publication was under the title Canadian Cannabis Leaders Sharpen Focus on Increasing Yield, Plant Quality” and gives an insight on the company’s growing space in the country’s growing cannabis market.
At just three months of existence, ABcann managed to raise $43 million cash. This enabled it to speedily implement its expansion business model and plan. Apart from the company’s advanced growing technology, a significant component of of the growth strategy is ownership of land. Currently the company has a total of 65 acres of land located in Napanee and obtained a recent package of financing from Cannabis Wheaton. The company is expected to use the financing to expand its presence in the cannabis industry.
An additional investment amounting to $15 million was made by Cannabis Wheaton Income Corp (CVE:CBW) which is one of the largest cannabis companies by capital in the whole world. The investment will add ABcann’s plans to put up a 100,000-square-foot complex. The financing agreement with is valued at $30 million shows the potential of ABcann to achieve high growth margins. This growth potential is expected to be boosted by the investment made by Cannabis Wheaten as well as a number of partners upon which the company is expected to leverage its expertise and diversity so as to meet its streaming goals.
The strategy is expected to reduce the effects of licensing as well as reduce delays, challenges experienced in cultivation as well as problems encountered in trying to access clinics government purchasing agencies and pharmacies. Of importance however, the company has its own internal mechanism is boosting yields in the cannabis industry.
Since it was launched Cannabis Wheaton has been a favorite stock for many investors in the cannabis industry. The company successfully rolled out a streaming business model which was very popular in the mining industry. Although there has been a lot of criticism both from analysts and online, the company has managed to ink 15 long term streaming deals.