Drying Cannabis is Big Business

May 3, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- One key part of the cannabis production process that is often overlooked is drying the crop to improve the flavor and potency of the buds. That’s why cannabis giant, Aurora Cannabis, just signed a $10M deal with EnWave for the company’s vacuum-drying dehydration technology.

Looking for the next EnWave that big cannabis companies may come calling, we’ve come across THC Therapeutics, Inc. (USOTC: THCT). THCT received patent protection on 20 claims from the US patent office in March ’19 and will be using their patented designs to carve out their piece of the legal cannabis market expected to reach $146.4 billion by 2025. The company’s dHydronator, can reduce moisture content of cannabis to 10% in only 10-14 hours. Companies with products like THCT could help solve the industry’s quality problem.

Today we are highlighting: THC Therapeutics, Inc. (USOTC: THCT), Harvest Health & Recreation Inc. (USOTC: HRVSF), GrowGeneration Corp. (GRWG), HEXO Corp (AMEX: HEXO), and MJardin Group, Inc. (USOTC: MJARF).

THC Therapeutics, Inc. (USOTC: THCT) (Market Cap: $130.898M; Share Price: $9.80) has developed a sanitizing herb dryer, The dHydronator®. Their laboratory-proven product is specifically designed for drying and sanitizing freshly harvested cannabis and herbs. THCT’s product has been tested by two independent laboratories. The testing covered over 6 strains and 9 independent tests to confirm the findings. Over the 9 tests and 6 strains, there was a 4% average increase of THC-A*.

The US patent office has accepted ALL 20 claims for The dHydronator®. The company has received full patent protection for the dHydronator®; this is big. Start your research today.

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Harvest Health & Recreation Inc. (USOTC: HRVSF) (Market Cap: $560.449M; Share Price: $8.29) announced in March the granting of stock options pursuant to the stock option plan of the Corporation, whereby the Corporation has granted a total of 12,350,250 stock options to certain officers, directors, employees or consultants of the Corporation. This was on the heels of the announcement that it has entered into a binding agreement to acquire Verano Holdings, LLC, one of the largest privately held multi-state, vertically integrated licensed operator of cannabis facilities, in an all-stock transaction for an estimated purchase price of approximately USD $850,000,000 based on a share price of CND $8.79.

Harvest Health & Recreation Inc. cultivates, manufactures, and retails cannabis in the United States. The company is headquartered in Vancouver, Canada.

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GrowGeneration Corp. (GRWG) (Market Cap: $76.438M; Share Price: $2.65), one of the largest chains of specialty hydroponic and organic garden centers, with currently 21 locations reported financial results for its fiscal year ended December 31, 2018 in April.

2018 Financial Highlights:

Revenue of $29.0 million up $14.6 million or 102% over 2017 revenues of $14.4 million
Acquired 8 stores, HeavyGardens.com and opened Oklahoma City, OK location in 2018
Gross profit margin percentage, exclusive of inventory valuation adjustments, was 25.2% for 2018 compared to 24.2% for 2017
Store operating costs, as a percentage of revenue, have declined 13% from 20.6% for 2017 to 18% for 2018

GrowGeneration Corp., through its subsidiaries, operates retail hydroponic stores. It offers farming soil, hydroponic equipment, lighting, plant nutrients, and various other products.

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HEXO Corp (AMEX: HEXO) (Market Cap: $1.582B; Share Price: $7.46) and Newstrike Brands Ltd. ("Newstrike") (TSX-V: HIP) had announced in March that they had entered into a definitive arrangement agreement (the "Arrangement Agreement") under which HEXO will acquire all of Newstrike’s issued and outstanding common shares in an all-share transaction valued at approximately $263 million. The Transaction gives HEXO the capacity to produce approximately 150,000 kg of high-quality cannabis annually. The Transaction also provides HEXO access to four cutting-edge production campuses totalling close to 1.8 million sq. ft. of near-term cultivation space and diversified growing and production techniques. This is in addition to HEXO’s 579,000 sq. ft. facility for a manufacturing and product development centre of excellence in Belleville, Ontario. HEXO Corp has its headquarters in Gatineau Canada, and it produces and sells most of its cannabis products in the country.

The Brantford, Ontario-based Newstrike Brands were granted a cultivation license on 16 December 2016, and the company expects its harvest to be about 42,000 kg of cannabis. Although the company has not been around for long compared to HEXO, it has high capacity for cannabis production. HEXO recently announced that it had completed the first harvest in its 1 million sq. ft. expansion, marking an important execution milestone in the company's continuous growth.

HEXO Corp., through its subsidiary, HEXO Operations Inc., produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names. The company serves medical and adult-use markets. As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with 1.8 million sq. ft of facilities in Ontario and Quebec and a foothold in Greece to establish a Eurozone processing, production and distribution center.

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MJardin Group, Inc. (USOTC: MJARF) (Market Cap: $114.168M; Share Price: $1.47), a leader in cannabis production, announced on April 1, ’19 the completion of an Agreement (the “Agreement”), whereby the Nova Scotia Mi’kmaq First Nations (“Mi’kmaq”) will own a 51% stake in AtlantiCann Medical Inc. (“AMI”). As a result of the Agreement, MJardin and the Halef Group will own 39% and 10% of AMI, respectively. In connection with the partnership formed under the Agreement, MJardin, the Mi’kmaq and the Halef Group are contemplating expansion of their relationship, including retail.

MJardin Group, Inc., through its subsidiaries, operates as a specialized cannabis management company primarily in the United States and Canada. The company offers its partners turnkey cannabis cultivation, processing, and retail solutions.

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Signed by

Priyanka Goel, CFA

Legal Disclaimer:

This article was written by Regal Consulting, LLC (“Regal Consulting”). Regal Consulting has agreed to a three-month term consulting agreement with THCT dated 2/14/18. The agreement calls for 50,000 restricted shares of THCT per month. This agreement has been amended to $20,000 per month, and 55,000 shares per month and extended for twelve months ending 3/18/2020. All payments were made directly by THC Therapeutics, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. THCT was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.

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SOURCE: Microcap Speculators

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