North American Cannabis Industry Operations and Acquisitions Continue to Expand

PALM BEACH, Florida, March 20, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

The cannabis industry remains extremely active in 2018 as leaders in the space are expanding operations through mergers and acquisitions, as well as acquisitions of top-performing dispensaries. The cannabis dispensary market is growing at a high rate in the United States alone, with there currently being over 1,000 open and operating dispensaries throughout the country according to data from Statista. The growing numbers of dispensaries is a large part as to why New Frontier projects the industry to top $25 billion in revenue by 2025. In Canada, legal marijuana is the new gold as more and more are turning to cannabis operations heading into the summer. For example, the number of companies that started in the mining or oil and gas sectors that are now part of Canada's burgeoning marijuana industry has jumped to more than 40. In all, almost half of the country's marijuana firms started out in the resource sector before many converted to cannabis via reverse takeovers and spinoffs. In today's news, leaders in the explosive cannabis market are capitalizing on this momentum and expanding their operations by acquiring dispensaries to increase their market share. Cannabis companies thriving in the legal marijuana sector include: Future Farm Technologies Inc (OTC: FFRMF) (CSE: FFT), Namaste Technologes Inc. (OTC: NXTTF) (CSE: N), OrganiGram Holdings Inc. (OTC: OGRMF) (TSXV: OGI), Emerald Health Therapeutics Inc. (OTC: EMHTF) (TSXV: EMH), American Cannabis Company Inc. (OTC: AMMJ).

Future Farm Technologies Inc (OTCQB: FFRMF) (CSE: FFT.CN) BREAKING NEWS: Future Farm Technologies is pleased to announce that it has closed on the previously announced investment in BCWC, LLC ("BCWC"), formerly known as Bristol County Wellness Center, Inc. BCWC was recently awarded a special permit from the City of Attleboro and a provisional license from the Department of Public Health to build and operate a 24,700-sq ft. Registered Marijuana Dispensary ("RMD") that will grow and sell medical marijuana. This vertically integrated license allows BCWC to build out its facility and engage in cannabis cultivation, processing and retailing. BCWC plans to add two additional retail outlets when suitable locations are identified and required approvals are obtained.