Cannabis Industry Growth Being Spurred by Rising Medicinal Applications for Health Issues

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

Financialnewsmedia.com News Commentary 

The medicinal uses niche of the cannabis industry continues to generate strong revenues as consumers are searching for alternative treatments and natural solutions for various health issues and conditions. Cannabis and CBD-based medicines and treatments have emerged at a key point in the evolution of the healthcare sector and leaders are capitalizing on momentum through the development of new products and marketing to new customer bases. It's widely known that a billion dollar valuation for the medical cannabis market is a matter of when as opposed to it as the growth continues to accelerate with competition as well as innovation and favorable political conditions influence the landscape. Active companies in the industry making moves to ready that include: Choom Holdings Inc. (CSE:CHOO) (OTC:CHOOF), Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF), MedMen Enterprises Inc. (CSE:MMEN.CN) (OTC:MMNFF), HEXO Corp. (TSX:HEXO) (OTC:HYYDF).

Choom Holdings Inc.  (CSE: CHOO) (OTCQB: CHOOF) BREAKING NEWS:  Choom, an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce it has acquired Clarity Cannabis Medical Centre Inc. and affiliates doing business as Clarity Medical Centres.

Chris Bogart, President & CEO states, "Our goal is to build a dominant national cannabis retail brand. The acquisition of Clarity Medical Centres allows Choom to service the entire Canadian cannabis market, beyond just the adult use channel. As cannabis becomes more widely accepted as an alternative to pharmaceuticals, increasingly, patients with medical conditions will require professional medical advice on the benefits and best use of cannabis as a treatment."

The acquisition includes five new medical centres along with a proprietary telemedicine platform that provides important education, access and expertise for referring patients in the use of cannabis for medical purposes. The Clarity Medical Centres approach makes it simple for new patients to access legal medical cannabis products in Canada and streamlines the process of registering with a licensed producer.