mCig (OTCQB:MCIG) has announced it has entered into the cryptocurrency market by partnering with Render Payment during it pre-ICO.
As quoted in the press release:
The cannabis industry has traditionally been rife with illicit and underhanded transactions, but it is now moving towards greater legitimacy. Research shows powerful health benefits of cannabis and strong social movements are pushing for increased legalization. One way to improve the reputation of the industry is to modernize it, make it standardized, fully verifiable, and built on a system of trust between patients, doctors, growers, suppliers, merchants, bankers, and customers. New blockchain technology offers an ideal solution. Since blockchain holds an immutable ledger and assured contracts, it can easily accommodate the recording of financial transactions from seed acquisition to product delivery giving consumers confidence and surety in the placement of their orders.
Render Payment Token (RPM) is a crypto-token built for utilizing smart contracts on blockchain, specifically designed to accommodate high risk merchant services at discount prices, which adds legitimacy to the worldwide cannabis community. It is backed by Ethereum’s secure, global ecosystem, designed to provide businesses and individuals a trusted secure, private mechanism for financial transactions. In initial testing payment processing was integrated with Bitcoin, which proved to be reliable and stable. The solution was then migrated to the Ethereum platform utilizing the RPM token to provide lower costs, enhanced security, faster processing speed, scalability and expansion.
Render Payment is the first organization dedicated to leveraging smart contracts built on the blockchain to create and foster a financial service platform for high risk merchant services. MCIG’s focus is on providing a solution not currently available to the 33,000+ cannabis businesses worldwide, with an economic impact of $44 billion per year.
American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.
Meanwhile, a Canadian cannabis producer began offering CBD beverages in the US, another move that shows how interested Canadians are in the overall US cannabis market at the moment.
Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).