Global Cannabis Market is a Budding Industry That's Just Getting Stronger - Seite 3

Liberty Health Sciences Inc. (CNQ:LHS.CN) (OTCQX:LHSIF), a provider of high quality cannabis, announced this week that they experienced a 95% increase in sales revenue in the three-month period ended August 31, 2018 compared to the previous three-month period which ended May 31, 2018. Liberty's recent quarterly revenue totaled $2.2 million compared to $1.1 million for the previous quarter, a 95% increase. The growth in revenue reflects the wider recognition of the Liberty brands in terms of quality and consistency as well as the patient-centric approach that the Company uses. The corresponding patient count increased to almost 10,000 patients at the end of August from 4,600 at the end of May, a 112% increase over this time period. "We are proud of our operational successes and as we move into the next quarter and we will focus on continuing to lead the way in the legal cannabis space with our portfolio of high-quality cannabis products, all while increasing shareholder value," said George Scorsis, CEO of Liberty Health Sciences.

Canopy Growth Corporation (TSX:WEED.TO) (NYSE:CGC) and Hiku Brands Company Ltd. (CNQ:HIKU.CN) (together, the "Companies") recently announced the closing of the previously announced acquisition of Hiku by Canopy Growth (the "Transaction"). The announcement follows Hiku's special meeting of shareholders held on August 30, 2018 where holders of the common shares of Hiku (the "Hiku Shares") voted to approve the Transaction. "Leaves begin to turn. Canopy adds bold new brands. Ready for retail," commented Bruce Linton , Chairman & Co-CEO, Canopy Growth. "The Tweed and Vert brands we've built are now complemented with the likes of DOJA, Tokyo Smoke, Maitri, and Van der Pop , placing the taste-makers of tomorrow's cannabis industry on the same team."Since day one we've believed in a singular vision - that recreational cannabis is a consumer product and that consumers will ultimately choose brands they identify with from exceptional retail environments," said Alan Gertner , CEO, Hiku. "Today is a pivotal moment in our journey as it represents the chance to tell our story on the biggest stage with the greatest cannabis company the world has ever seen. We could not be more honoured to bring best in class brands and retail to consumers alongside Canopy Growth."