North American Cannabis Industry in High Growth Stage as Legal Marijuana Operations Expand in U.S. - Seite 3

Canopy Growth Corporation (NYSE:CGC) (TSX:WEED.TO) recently announced it issued $2,500,000 in common shares of Canopy Growth in connection with the expansion of an existing commercial arrangement at a price per share equal to the 5-day volume weighted-average price of the Company's common shares on the TSX ending on [August 10, 2018].   The Company also recently announced the acquisition of all remaining outstanding shares of its Chilean in-market entity, Spectrum Cannabis Chile SpA ("Spectrum Cannabis Chile"). This transaction brings Spectrum Cannabis Chile fully under the Canopy Growth umbrella and directly supports the Company's plans for development within the LATAM region which is home to more than 600 million people.

The Supreme Cannabis Company Inc. (TSX-V:FIRE.V) (OTCPK:SPRWF) Pure Global Cannabis Inc. (TSX-V:PURE.V) (OTCPK:PRCNF) a vertically-integrated, growth-oriented life sciences cannabis company, recently announced that its wholly-owned subsidiary, PureSinse Inc, has agreed to purchase from The Supreme Cannabis Company, Inc. ("Supreme") (FIRE.V) an additional 210kg of medical cannabis for resale. PURE's President & CEO Malay Panchal stated: "We are very pleased to secure a significant volume of additional product that meets our standards of quality from our great partner, Supreme. With this order, our company will have ample cannabis inventory to go to market within the next few months, in addition to enabling us to launch several clinical studies in specific therapeutic areas." PureSinse is one of the first Licensed Producers to receive a cultivation license prior to building out growing systems. Instead, the company focused its initial efforts and resources on R&D, and establishing sales, IT, and operational systems.  

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