CORAL SPRINGS, FL, Nov. 3, 2016 /CNW/ – With increased momentum in the legal marijuana operations market due to the quickly approaching elections in the US and other economic and environmental factors, operators in the cannabis industry continue to capitalize on the evolving opportunities presented in the form of advanced innovation, leading edge products and emerging services. Companies in focus this week in the markets include: Marijuana Company of America, Inc. (OTC: MCOA), Sugarmade, Inc. (OTC: SGMD), Medical Marijuana, Inc. (OTC: MJNA), mCig, Inc. (OTC: MCIG) and Cannabis Science, Inc. (OTC: CBIS).
Sugarmade, Inc. (OTC Pink: SGMD) today announces its CannaShroud(TM) cannabis transport packaging system specifically designed to allow for discrete and protected transportation of cannabis. The product is available immediately for vendor orders at the Company’s new website, http://www.CannaShroud.com, and will be stocked in local dispensaries and hydroponic supply stores and will be available to consumers online over the coming months. “With more than a decade in the packaging business, CannaShroud is a product line we are very well equipped to deliver to the growing cannabis marketplace, “commented CEO Jimmy Chan. “We designed this product in conjunction with legal growers and dispensary personnel to solve their specific needs to improve transport security and discretion. We are already taking orders for the products.”
CannaShroud is a two-piece cannabis transport packaging system. The inner liner is polyethylene with a unique dual zip lock that seals air from entering the package and seals in the odors from contents, all while optimizing moisture preservation. The liner is specifically designed to prevent airflow, while not being so thick that it becomes difficult to load materials or to handle. The liners are sized to exactly fit the outside carton, which makes up the second section of the packaging. The cartons are discretely labeled with generic shipping labels or are blank as not to reveal the contents being shipped. CannaShroud will be available in four sizes to suit the specific shipping needs of the growing cannabis industry.
Other top performers and operators of note in the markets:
Marijuana Company of America, Inc. (OTC Pink: MCOA) closed up big on Wednesday over 71% jump to close at $0.119 on over 47.3 Million shares traded by the market close. Marijuana Company of America operates as a marijuana marketing and distribution company. It intends to distribute a range of marijuana, CBD, and related products in the United States and internationally.
Medical Marijuana, Inc. (OTC Pink: MJNA) also had a big day of trading on Wednesday closing at $0.2299 a 44% increase trading over 124.9 Million shares by the market close. Medical Marijuana, an investment holding company, operates in the medical marijuana and industrial hemp markets. Its products range from patented and proprietary based cannabinoid products to seed and stalk or isolated high value extracts manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries.
mCig, Inc. (OTCQB: MCIG) closed up over 35% at $0.1666 trading above the normal daily average of over 15.2 Million shares traded by the market close. mCig Inc., a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Scalable Solutions division currently operating in the rapidly expanding Nevada market.
Cannabis Science, Inc. (OTC Pink: CBIS) closed over 18% at $0.0651 on over 76.3 Million shares traded by the market close. CBIS, a U.S. company specializing in the development of cannabis-based medicines, announced yesterday the pharmaceutical development of two new medications for pain relief for self-medicating patients with Diabetic Neuropathy Nerve pain and Fibromyalgia.
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