NEWS UPDATE: Integrated Cannabis Company, Inc. (ICAN.CN) (ICNAF) Signs Definitive Agreement With Empower Clinics, Inc.
Canada officially joined the states of California, Massachusetts, Maine, Alaska, Colorado, Washington, and Oregon as the first G-7 country to give the green light to the adult use of cannabis on Wednesday. Numerous investors are hyped up about the opening of Canada’s recreational marijuana industry. A popular cannabis company, Tilray saw its CEO Brendan Kennedy publicly state that cannabis is a $150 billion industry.
Other reports from ArcView Market Research and its research partner BDS Analytics, over the next ten years, the legal cannabis industry will see much progress around the globe. Spending on legal cannabis worldwide is expected to hit $57 billion by 2027. The adult-use (recreational) market is expected to cover 67% of the expenditure; medical marijuana will take up the remaining 33%.
“Mad Money” host Jim Cramer has stated, “…When you look at every industry where pot could potentially compete, there might be as much as a half a trillion dollars in sales that are going to be disrupted, everything from carbonated beverages, beer, sports drinks, tea, coffee, tobacco, [and] snacks [to] all sorts of medications.”
How great would it have been to invest in some of the alcohol companies just after prohibition ended on beer, wine, and spirits? Some would compare that windfall to some of the biggest stock market successes in the history of public companies. Just as it was important then, it is just as relevant now to not only do your homework but to also connect as many dots as possible, early on! MarijuanaStocks.com has always made it a point to stay far ahead of the curve. When we see a hint of opportunity, we make sure to look into it and then focus on all angles of potential that could come with it.
Integrated Cannabis Company Inc. (ICNAF)(ICAN) Has Just Begun To Expand Ahead Of A Global Cannabis Boom!
Every once in a while, we publish a “Connect the Dots” article highlighting a company that could have tremendous near-term upside potential.
Over the last four years, we have selected less than ten companies to be featured in a “Connect the Dots” segment. As the marijuana industry continues to evolve into the most excellent investment opportunity since the Internet Boom, so does the Marijuana Stocks subscriber base and loyal following.
We take great pride in providing you with the most up to date industry and financial information available today. Since the early part of September, we’ve been closely monitoring the progress that Integrated Cannabis Company (ICNAF)(ICAN) has been making and to say the least, the market has been explosive!
It’s our goal to “connect the dots” for our readers to help identify opportunity in this budding industry. And thus far we have done more than simply recognize opportunity; we have helped some earn a small fortune. And the cannabis industry is where the action is expected to stay.
Market analysts looking at the marijuana industry and cannabis stocks may be in for some big news. Wall Street analyst Vivien Azer of Cowen said in a recent report:
“The well-capitalized cannabis industry has been evolving rapidly and looks to address a far larger (market) than we had originally forecast.”
She explained that Canada’s legalized cannabis market spans across ten provinces “is the first step” in setting up marijuana to be “a key functional ingredient” that could change many consumer product categories totaling up to $500 billion. With this growing anticipation, it’s no wonder why many cannabis stocks are beginning to see new interest and test new 2018 highs.
This summer Integrated Cannabis Company (ICNAF)(ICAN) announced that it had completed the acquisition of all of the issued and outstanding shares of a revolutionary company called X-SPRAYS ™, which holds, through a wholly-owned subsidiary, a worldwide, exclusive license for X-SPRAYS™ – a brand of state-of-the-art life-enhancement products administered via an optimal oral spray delivery system.
X-SPRAYS™ itself has executed exceptionally well with its product line of 8, novel sprays that include both hemp CBD and Nutraceutical ingredients (4 with CBD and four nutraceuticals). X-SPRAYS™ plans to expand its product line to include cannabis Tetrahydrocannabinol (THC) sprays. PLEASE CONSIDER THE POTENTIAL of an oral spray delivering THC / CBD infused Nutraceuticals… It’s MASSIVE!
Strategic Deals Are The Key To Growth
Integrated Cannabis Company (ICNAF)(ICAN) has released several important announcements that lead us to believe that this is far from “just a technical trend.” In fact, over the last few months, Integrated Cannabis has made a point to align itself with some of the foremost public companies within the cannabis industry. This has been to increase distribution as well as enhance the current product offering:
Integrated Cannabis Company, Inc. (ICAN.CN) (ICNAF) Signs Distribution Agreement with Empower Clinics, Inc.
On September 20, Integrated Cannabis Company, Inc. announced the completion of a Letter of Intent (LOI) to distribute X-SPRAYS™ products throughout the clinics and doctors’ offices of Empower Clinics Inc. (CSE: EPW), a leading owner and operator of medical cannabis and wellness clinics in the United States.
As of August 31, Empower has more than 25,000 patients under care across 15 locations with medical cannabis treatments in Oregon, Washington, and Illinois. The patient base in Oregon represents approximately one-third of the state’s total medical card issuance. Also, Empower has a historical patient database of more than 120,000 in the two states.
Integrated Cannabis Company, Inc. (ICNAF) Signs Co-Development and Marketing Agreement With a Canadian Licensed Producer, GTEC Holdings Ltd.
Integrated Cannabis Company (ICNAF)(ICAN) (“Integrated Cannabis“) announced the completion of a Letter Agreement (the “Agreement”) to collaborate on X-SPRAYS™ products for the Canadian market with GTEC Holdings Ltd (“GTEC“) (TSXV: GTEC, OTCPK:GGTTF), a Canadian License Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR).
On October 11, Integrated Cannabis Company (ICNAF)(ICAN) announced a retail-focused collaboration with New Age Farm, Inc. (CNSX: NF, OTCMKTS: NWGFF, FSE: 0NF) (“New Age Farm”), to deliver CBD education and innovative CBD products to the Colorado market this Fall.
A $7Million Revenue Infusion Coming?
Integrated Cannabis Company, Inc. to Acquire Assets of Colorado-based Cannabis Innovator, Critical Mass Industries, LLC, With an Estimated USD $7 Million in Annual Revenue
Integrated Cannabis Company (ICNAF)(ICAN) signed a letter of intent to acquire all of the issued and outstanding securities of Critical Mass Industries LLC. The Colorado-based cannabis company, Critical Mass has operated for nearly 10 years under the brands: Good Meds and BOSM Labs.
CMI reported revenue in excess of USD $7 million in 2017 to the Colorado Department of Revenue. The Colorado Department of Revenue is responsible for all sales and excise taxes related to the cannabis industry in the State.
Integrated Cannabis will be able to use the combination of valuable Intellectual Property,branding opportunities associated with the truly unique value proposition & industry prowess that Good Meds holds along with the management expertise from the CMI team. Think about the opportunity that Integrated Cannabis Company (ICNAF)(ICAN) has in being able to now establish new verticals in the cannabis space both domestically and in emerging global markets.
CMI has over 100 elite cannabis strains, which will contribute proprietary cultivation and extraction methods to Integrated Cannabis Company (ICNAF)(ICAN). All of the combined assets will provide Integrated Cannabis Company (ICNAF)(ICAN) organic growth along with a clear runway toward acquiring existing licensees and the licensing of the Company’s IP and Brands throughout the globe via key strategic alliances.
Integrated Cannabis Company (ICNAF)(ICAN) Is Looking to Take Advantage Of The Near-Term Growth Opportunity In Cannabis Product Development
Hemp-Based CBD is becoming a booming market with considerable growth expected in the coming years. Many companies have seen a significant increase in their sales since they began in this market. As CBD is not a controlled substance, it is currently within easy reach of many people, and its health benefits are in abundance.
The Hemp Business Journal predicts the CBD market will have become a massive $2.1 billion consumer market by 2020, a significant 700% increase from 2016. The market has already been the target of industry leaders as there are already more than 800 CBD products in the US state of Washington alone, and there is business from all over the world selling cannabidiol from a variety of vendors – from consumer-based to medicinal.
Furthermore, according to the most recent Health Canada statistics, sales of cannabis oil in the first three months of 2018 outpaced those of dried flower by 56%. Regarding year-over-year (YOY) growth for the two forms of cannabis, extracts are the winner with a sizable increase of 82 percent over the same period in 2017 compared to a meager 13 percent in YOY performance for dried flower.
As more people look for alternatives beyond pharmaceutical medicine, CBD sprays offer a means to a more natural way to medicate, and the nutraceuticals industry could be ripe for a shake-up!
CBD has been closely associated with the Nutraceutical industry, and this segment of the market has been consistently recording above-average growth. In March 2017, Research and Markets released a new report published by BCC Research, which said that the global nutraceutical market should be a $285 billion market by 2021.
Don’t just limit the company to CBD. Integrated Cannabis Company, Inc. (ICNAF) has also developed a THC-infused spray product. On September 13, Integrated Cannabis Company, Inc. announced the completion of a market-ready Tetrahydrocannabinol (THC)-infused spray product and the required licensure for manufacturing of the product in Colorado.
The THC product employs the same nanotechnology used to enhance the CBD-infused X-SPRAYS™, resulting in higher bioavailability and faster uptake versus capsules or powder. The Company continues to improve the flavor profiles to find an optimal formula.
Let’s face it; cannabis isn’t going away anytime soon. There are billions of dollars being heavily spent on this industry right now. That’s right; companies are paying big bucks to get a piece of these kinds of cutting-edge cannabis companies. One of the largest alcohol distributors in the world has placed a bet of more than $4 billion that cannabis will succeed in a BIG WAY.
Earlier this summer Constellation Brands, which also makes Robert Mondavi wine and Svedka vodka, announced that it had invested $4 billion in Canopy Growth, a publicly traded Canadian cannabis producer. The deal comes nearly ten months after Constellation first took a 9.9% stake in Canopy to help create nonalcoholic cannabis-infused drinks and other products.
And they aren’t the only ones jumping on the wagon. Everyone from Molson Coors to Diageo, another powerhouse alcohol distribution company, are throwing their hats and their multi-millions into the cannabis sector. This simple fact has brought a massive boost to the industry at large and Integrated Cannabis Company (ICNAF)(ICAN) could be well positioned to benefit on a global scale! It also should be mentioned that non-alcoholic companies like Coca-Cola and Pepsi have been reported to have shown serious interest in this niche.
It’s More Than A Brand: Leadership Brings Decades Of Success To The Table
If all of this wasn’t enough, the team behind X-SPRAYS™ & Integrated Cannabis Company (ICNAF)(ICAN) are bringing decades of experience in the cannabis and healthy lifestyle industries to the company. X-SPRAYS™ founder, Dr. Clive Spray Ph.D., has dedicated his life to researching and developing products to improve the quality of other people’s’ health.
Over the last 20 years, the chemist and plant biologist has been committed to finding natural solutions to life’s lingering problems. Combining an understanding of both traditional ethnobotany with the cutting edge of nutritional science, Dr. Spray has created several formulations designed to help in the areas where we need it most, whether it is assisting insomnia, increasing libido, or alleviating pain.
John Knapp –CEO, and Director
A pioneer in the legal cannabis industry and trained engineer, John Knapp is the founder of Colorado-based Good Meds and Bosm Labs, both award-winning vertically integrated medicinal-grade cannabis business operating a 90,000-SF cultivation and extraction facility in Denver. Mr. Knapp is also the former COO of PharmaCielo, a Colombian based, globally focused medicinal-grade cannabis extract company.
Previously, Mr. Knapp’s professional endeavors include highly specialized cannabis consultation. Among these tasks are the design and engineering of proprietary cannabis manufacturing systems enabling the optimization of production yield and manufactured product output. As an early entrepreneur in the legal cannabis sector and recognized expert in the field, Mr. Knapp has lead over two dozen cannabis projects in eight States, Canada, and Latin America.
Sothi Thillairajah – Director
Mr. Thillairajah has two decades of experience in management, international finance, advising North American corporations on Middle East joint ventures and early-stage, mineral projects in Africa and Latin America. He also has extensive experience working with investment professionals at Middle Eastern financial institutions, sovereign-wealth funds, and investment offices evaluating and recommending hedge funds and private equity investments.
Nishal Kumar – Director
Mr. Kumar is an entrepreneur in Vancouver, British Columbia. Mr. Kumar worked at Geopacific Consultants Ltd., Tesla Motors, and now runs two of his own companies. The first one, EVitems, makes coat hooks and other after-market parts and products for the Tesla cars. With his other company, he recently launched a product called DHM Destroy Hungover Mornings – a plant-powered supplement that reduces hangover symptoms and the toxic effect of alcohol on your body. Nishal holds a BSc in Geophysics and Commerce from the University of British Columbia.
Eugene Beukman – Chief Financial Officer and Corporate Secretary
Mr. Beukman is Corporate Counsel of Pender Street Corporate Consulting Ltd., a private company that provides accounting, legal and administrative services, and has held this position since January 1994. Mr.Beukman is a founding Director of Reliq Health Technologies (TSX-V: RHT, OTCQB: RQHTF) and Canadian based healthcare technology company.
Additionally, Mr. Beukman was previously employed as a legal advisor to the predecessor of BHP Billiton, a leading global resources company, a producer of primary commodities, including iron ore, metallurgical coal, copper and uranium, with substantial interests in conventional and unconventional oil and gas and energy coal, and a company that creates long-term shareholder value through the discovery, acquisition, development and marketing of these natural resources. Mr. Beukman has over 20 years’ experience in the purchase of assets and joint ventures.
Timing Is Everything
The $4.3 billion raised in the first six months of this year already exceeds the full-year totals from 2017 ($3.5 billion), 2016 ($1.3 billion) and 2015 ($0.9 billion). The activity to date is a strong signal of another year of record growth for the booming marijuana industry, said Harrison Phillips, vice president at Viridian.
Meanwhile, global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to ArcView Market Research and BDS Analytics. The research projects a majority of that, nearly $23.4 billion will come from the United States. In the context of more states voting in favor of marijuana use legalization and business interest sparking across the board, that definitely would make sense.
With the US weeks away from the most contentious midterm election in at least a generation, Americans of all political persuasions increasingly want marijuana to be legal. Two-thirds of the country favor recreational legalization and polls consistently show support for medical use well above 80%
Are you ready for the next big boom in the cannabis industry? Considering that the “Big Dogs” have already come and gone, many are searching for the next marijuana moonshot. Knowing this, look at what’s happening right now with ICNAF and X-SPRAYS™:
4. Integrated Cannabis Company (ICNAF)(ICAN) has already seen significant interest grow in the market but is still far from its all-time highs just as a new wave of momentum is hitting the cannabis industry
5. Integrated Cannabis Company (ICNAF)(ICAN) has positioned itself, through acquisitions & partnerships, to up the ante and potentially generate significant, near-term revenue in line with the companies that they are acquiring and/or partnering with.
These could all be telltale signs of a real groundswell. This is also just after announcing the formal acquisition of X-SPRAYS™ ahead of global expansion. The writing could already be on the wall as the company has come out to say, directly that it anticipates immediately creating a presence in the world’s largest cannabis markets.
As many of you already know, our track record has been solid when identifying early potential with companies within the marijuana sector and in our opinion, now could be the time to start taking notice of Integrated Cannabis Company (ICNAF)(ICAN).
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 4 2018 and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. We own zero shares. Click Here for Full Disclaimer.