CANNABIS PRODUCER - Benchmark Botanics Inc.
#cannabis #stocks #marijuana #investing
The global medical marijuana market is predictedto reach $55.0 billion by 2024, according to a new research study published byGlobal Market Insights, Inc, it stands to reason that companies with theability to combine the complex medical applications of cannabis withintegrative healthcare frameworks could create potential opportunities fromentering the nascent marijuana industry. One company, Benchmark Botanics Inc. (CSE:BBT) (FSE: BBW) (OTCPK: BHHKF) has made great strides in executing its businessmodel.
Benchmark Botanics is a diversifiedmulti-licensed cannabis producer focused on its three-way vertical businessmodel targeting the medical, pharmaceutical, and recreational markets in Canadaand the EU. The Company's business plan includes a strategy to become aCanadian licensed producer to pioneer selling medical cannabis and hemp inChina and throughout Asia.
Benchmark Botanics is focused onproducing the highest-quality, indoor-grown cannabis for patients and adultrecreational consumers, as well as developing international businesspartnerships to extend the Company's global footprint.
Benchmark Botanics' 100% ownedsubsidiary, Potanicals GreenGrowers Inc. is a Health Canada licensed producerunder the Cannabis Act and its regulations (formerly ACMPR). The Company isproducing at its indoor Peachland Cannabis Complex and is in the design stagefor a Phase II expansion of an additional 50,000 square foot facility. Alongwith cultivation and production, the company's Peachland BC facility alsoprovides propagation, cultivation, cloning, storage, research and development,genetics and is progressing towards CBD oil extraction and an EU-GMPcertification.
As part of its expansion strategy thecompany is building its second facility, a 4-acre Pitt Meadows GreenhouseOperations in BC.
The Company has established severalEuropean Union partnerships including the rights to "The Bulldog"trademark in Canada.
The Bulldog trademark has along-established successful history as one of the most well-known cannabis cafebrands in Amsterdam and around the world.
Benchmark Botanics has entered into anagreement with Barcelona, Spain-based Green BCN Corp. ("BBGProjects") for the development and production of new strains of cannabisplant and their propagating material for future sale and distribution.
Benchmark Botanics has also establishedGerman commercial partnership to potentially export the Company's products intothe EU markets.
