(NEW YORK)–The cannabis sector saw an uptick on ACB acquisition news as investors eye several plays within the sector.
The cannabis sector began heating up this week as Aurora Cannabis Inc. (TSX: ACB) (NYSE:ACB) announced that the Company has entered into a letter of intent (“LOI”) to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction valued at up to approximately $175 million.
Other cannabis plays being watch:
Hemp Crop Acquisition
HempAmericana, Inc. (OTC: HMPQ) recently announced that the Company had signed a Letter of Intent for the purchase of the entire crop of hemp flower from a key East Coast supplier, which is expected to go toward supplying the Company’s CBD extraction and production activities at its primary facility in Augusta, Maine.
The Company noted in its recent press releases, production activity is set to ramp up to full-scale levels, and acquiring sufficient hemp supplies is a clear priority for management.
HempAmericana is an emerging leader in the CBD products market. The Company owns and operates a high-capacity, state-of-the-art CBD extraction and processing facility located in Augusta, Maine. This facility is armed with a supersized supercritical CO2 extraction system, centrifugal partition chromatography refinement technology, and a mechanized fully-automated CBD bottling system. HempAmericana also owns and operates Union Farm, a high-potency CBD strain development facility located in Union, Maine. The Company’s CBD oil business uses the brand designation, “Weed Got Oil”. HempAmericana also researches, develops, and sells products made of industrial hemp, including a popular brand of hemp rolling papers marketed under the brand name, “Rolling Thunders”. See more at www.hempamericana.com
Hemp Infused Water
Real Brands, Inc., (Pink Sheets: RLBD), the owner of the Omega Hemp Water™ brand, announced today that they are in the final stages of scheduling their first production run of Omega Hemp Water™ with Alkame Holdings, Inc.
Omega Hemp Water’s™ proprietary CBD ingredient is derived from hemp with less than 0.3 percent THC present. CBD derived from the hemp plant (with less than 0.3 percent THC present), is a non-psychoactive chemical compound. While researchers are still trying to determine CBD’s effects, some studies suggest it can help treat inflammation, pain, anxiety and seizures.
Real Brands, Inc. (RLBD) is a publicly held brand building company active in the legal cannabis and hemp industry with specific focus on Smokables, Edibles/Drinkables and Topical CBD products. The Company has acquired the Omega Hemp Water™ trademark and the CBD Pharmacy™ trademark and has recently entered into a Letter of Intent to acquire Humboldt Brands®, HempAid® and Hemp-Aid®. For additional information go to www.realbrandsusa.com
Cannabis Delivery Platform
AppSwarm, Corp. (OTC: SWRM) announced white labeling program for cannabis dispensaries utilizing their DeliverySwift technology. As the developer of the DeliverySwift technology, AppSwarm will be able to offer licensed cannabis dispensaries their own white label delivery tracking platform to use with both customers and wholesale distributors.
DeliverySwift technology offers licensed dispensaries the ability to launch their own delivery platforms to utilize GPS tracking of deliveries in real-time, and driver pre-screening to help dispensaries adhere to internal regulatory controls of shipments in route. DeliverySwift is already in talks with Cannabis dispensaries and expects to sign-up their first dispensaries in the very near-term.
DeliverySwift will also expand its focus on traditional products in the grocery, small retail, pharmacy, pet supply as well as many other smaller retailers needing to get their product to a consumer’s door.
SWRM, which is trading around $0.01 per share, was recently upgraded to $0.05 to $0.10 by Ludlow Research based on the launch of the DeliverySwift platform. https://ludlowresearch.com/reports/
AppSwarm is a technology company specializing in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. AppSwarm partners with and assists other development firms in technology development, business management, and funding needs. www.app-swarm.com