DENVER, Feb. 12, 2019 /PRNewswire/ –The growth the legal cannabis market has created has turned cultivation facilities into invaluable assets.
- The cannabis market is predicted to generate $146 billion in revenues by 2025.
- Legal changes are accelerating this expansion in the United States and beyond.
- Cultivation facilities are fundamental to this growth, providing the raw materials for the cannabis industry.
Cannabis Strategic Ventures (OTC: NUGS) (NUGS Profile) recently announced plans to establish a multi-acre cultivation facility in California to meet market demands. Tilray Inc. (NASDAQ: TLRY) is increasing its cultivation space through the acquisition of Natura Naturals Holdings. In addition, the need to equip cultivation facilities is fueling growth for hydroponic suppliers such as GrowGeneration Corp. (OTC: GRWG). Aurora Cannabis Inc. (NYSE: ACB) (TSX:ACB) has issued a letter of intent to acquire Whistler in an effort to