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FinCanna Sells Cannabis Extraction Equipment to Investee Company, CTI, for an Increased Royalty Stream
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New Equipment Allows CTI to Increase Current Production Capacity Up To 500%
VANCOUVER, BC / ACCESSWIRE / February 4, 2021 / FinCanna Capital Corp. ( FinCanna ) (CSE:CALI) (OTCQB:FNNZF) a royalty company for the U.S. licensed cannabis industry, is pleased to announce that it has sold a portion of its unutilized extraction equipment to investee company, Cultivation Technologies Inc. ( CTI ), located in Palm Desert, CA, for an increased royalty stream.
CTI management estimates the new manufacturing equipment will increase their current volume capacity by as much as 500% of which FinCanna will receive an increased royalty stream on CTI s top line revenue.
Andriyko Herchak, CEO of FinCanna Capital stated, CTI is a proven award-winning manufacturer of high quality BHO concentrates with a growing list of recognized clients in California. This new equipment will allow CTI to increase revenue with their long list of existing customers while securing additional new business. As a resu
Group of Phenomenal Leaders Calls for the Shattering of Cannabis Grass Ceiling With the Release of 5 Whitepapers
The Arcview Group and National Cannabis Industry Association Jointly Release Women-authored Research in Celebration of the First Woman Vice President
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LOS ANGELES, Jan. 28, 2021 /PRNewswire/ Longtime industry partners and cannabis research leaders, The Arcview Group and National Cannabis Industry Association (NCIA), champion equity, advocate for social justice, and help those affected by the war on drugs. Together, the two groups are honoring the inauguration of the first female Vice President of the United States through a series of whitepapers conceptualized by Andrew Kline, the former Public Policy Director of NCIA, and written by a collection of exceptional women.
Top Of Cannabis Industry Trends List Is The Race To Introduce Newer, Stronger Strains
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PALM BEACH, Fla., Jan. 25, 2021 /PRNewswire/ For the past several years the revenue projections for the global cannabis market have continued to rise at an extraordinary pace and the future looks even more impressive. More legalization has created more revenues and more competition for retail operators. In order to keep at the forefront retail dispensaries and growers/producer each have a way to ensure their being on the front of the wave for some time to come. For dispensaries, delivery is essential helping revenues and for growers/producers, new strains will set them apart. According to a recent report
Cannabis Delivery Services Are Becoming One of the Hottest Revenue Streams in Cannabis Market
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PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ Revenue projections for the recreational and medical marijuana markets keep rising, each one larger than the previous studies. According to a recent report by ArcView Market Research and BDS Analytics, the global licensed dispensary sales of cannabis will reach $40.6 billion by 2024, registering a CAGR of 24.5%. The US will account for about $30 billion or 73% of the global cannabis dispensing market in 2024. It is also projected that by 2024 the retail dispensing sales of legal recreational cannabis will reach $26.7 billion whereas the revenue generated from the sales of medical cannabis will reach $13.9 billion… but the most, according to an article
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