CannabisNewsWire
Editorial Coverage: The regulated cannabis industry has
experienced phenomenal growth in the past few years as more states
legalize the use of marijuana for either medical or recreational
use. Currently, 29 states and the District of Columbia have laws
regulating the use of cannabis in some form (http://cnw.fm/fV6lj). California, Washington, Oregon,
Colorado and Alaska have the broadest laws for medical and
recreational use of cannabis. This has impacted a wide range of
companies in industry sectors that provide support services to
cannabis growers, biotechnical product developers and retailers.
Global Payout, Inc. (GOHE) (GOHE
Profile) provides customized payment
solutions that enable companies to process and manage electronic
payments worldwide. Kush Bottles, Inc. (KSHB)
offers packaging solutions for medical and recreational products in
the cannabis industry. Terra Tech Corp. (TRTC)
supplies hydroponic equipment to cannabis growers for indoor
cultivation. General Cannabis Corp. (CANN)
provides a range of services to the cannabis industry, including
cultivation, production and retail aspects of the business.
MassRoots, Inc. (MSRT) operates an online
technology platform for the medical cannabis community in the
United States.
Founded in 2009, Global Payout
(GOHE) has become a leading provider of payment
solutions for both domestic and international companies operating
in diverse markets, including the rapidly developing cannabis
industry. Many of these companies have identified the need to
process payments through innovative solutions that provide fast and
efficient service to customers all over the world. Global Payout
enables global access to technology for optimizing financial
transactions with an efficiency that the traditional banking sector
cannot provide.
As a leader in financial technology (FinTech), the company has
developed its web-based platform, called The Global Reserve
Platform, that can be customized to meet the front-to-back office
processing requirements of domestic, foreign exchange and
international payment service providers. Apart from core and
traditional banking products, it can process and manage a vast
range of other financial products, including online banking, mobile
wallets, card management, bill and P2P payments, loans management,
international remittances, FOREX and SWIFT/ACH/SEPA payments. The
Global Reserve Platform can be customized for enterprises in a wide
range of market sectors worldwide to improve workflow, financial
management and operational efficiency.
In 2015, Global Payout established its MoneyTrac Technology
platform, which offers companies operating in alternative or
“high-risk” industries the tools to streamline electronic payment
processing, meet compliance regulations and develop an operational
structure to facilitate business growth. This technology is
perfectly aligned with the rapidly developing cannabis market where
startups and entrepreneurs lack the support from the traditional
banking sector to move initiatives forward and accelerate growth.
Cannabis is still considered an illegal substance on federal level
in the United States and as a result banks are not comfortable
offering businesses in this industry access to electronic banking
for secure payment. MoneyTrac Technology offers these companies an
array of services designed to address their specific challenges by
providing a secure solution to payment logistical problems. In
August 2017, Global Payout’s subsidiary, MoneyTrac Technology,
Inc., revealed their intent to incorporate cryptocurrency into
their proprietary platform.
On November 30, 2017, it was announced that MoneyTrac would
launch a publication for the cannabis industry, called PotSaver
Biz, in collaboration with Global Payout’s PotSaver brand, a
supplier of medical cannabis. The first release of this publication
is scheduled for January 2018, and the company is confident that it
will provide another revenue stream through paid listings by the
ever-increasing number of enterprises in the cannabis industry. On
December 13, 2017, Global Payout announced a collaboration with
SinglePoint, Inc. (OTC: SING) to complement its existing payment
and financial technology platforms. SinglePoint is a provider of
full service mobile technology that will assist Global Payout in
maximizing its existing suite of financial solutions.
With a market cap of almost $216 million at close of business on
December 27, 2017, Kush Bottles (KSHB) markets and
sells packaging solutions and products to the medical and
recreational cannabis sectors in the U.S. Founded in 2010, the
company also markets its products via its online store, offering an
extensive portfolio that includes pop top bottles, reverse cap
bottles, child resistant canisters, glass, silicone and polystyrene
containers, barrier bags and packaging for vaporizer products. Kush
Bottles markets these products to urban farmers, greenhouse
cultivators, as well as medical and recreational cannabis
dispensaries. On November 28, 2017, the company reported its
financial results for its fiscal year ending August 31, 2017, which
showed a revenue increase of 129 percent year-on-year to $18.8
million. Working capital was $3.45 million, compared to $2.03
million at August 31, 2016.
Headquartered in Irvine, California, Terra Tech
(TRTC) designs, markets and sells its proprietary
hydroponic equipment to create sustainable solutions for the indoor
cultivation of crops, including cannabis. The company operates
through its two subsidiaries, Hydroponic Produce and Cannabis
Products. The Hydroponic Produce division markets produce, herbs
and floral products. Operating under the name Blüm, the Cannabis
Products division operates marijuana retail dispensaries in
California and Nevada that offer a range of medical cannabis
products, including flowers, concentrates and edibles. This
division also produces and sells cannabis flowers and cigarettes,
as well as a selection of medical cannabis-extracted products,
including concentrates, cartridges, vape pens and wax products.
Terra Tech has a market cap of almost $270 million.
General Cannabis (CANN) is an established
service provider to the cultivation, production and retail sectors
of regulated cannabis industry. The company operates through
several divisions, which include real estate, consulting, security,
financing and infrastructure products for growing facilities and
dispensaries. Next Big Crop joined General Cannabis as a subsidiary
in 2015 to offer consulting services for the cultivation,
processing and sale of cannabis. Another division, Chiefton Supply
Co., designs and manufactures high-quality, customized apparel and
clothing for businesses in the cannabis industry, while Chiefton
Design creates and develops branding packages for companies. Iron
Protection Group is a subsidiary of General Cannabis that provides
security services to enterprises within the cannabis industry. On
December 21, 2017, General Cannabis signed a two-year contract
worth $955,000 to manage a cultivation facility in California,
representing the largest single contract the company has ever
secured.
MassRoots (MSRT) operates an
online technology platform, mainly for consumers, to enable users
to follow dispensaries, stay connected with cannabis legalization
developments and share their cannabis content. Through free mobile
apps that are available via Google Play, iOS App Store, Amazon App
Store and the MassRoots website, consumers are able to make
educated cannabis purchasing decisions. The company also operates
MassRoots for Business, which enables businesses to schedule posts,
view analytics and sell merchandise through this online portal. On
December 27, 2017, MassRoots announced its action plan to
aggressively scale its market share in California. The company
intends to leverage its social media following of 500,000 on
Facebook, 450,000 on Instagram and 100,000 on Snapchat to grow its
network of consumers by rewarding referrals of users and paying
businesses on the MassRoots platform.
In an industry that is experiencing exponential growth, the
support services offered by these companies is critical to sustain
the development of cannabis companies in this market sector. At the
same time, these businesses will benefit substantially through the
provision of further opportunities for innovation and growth.
For more information on Global Payout, please
visit: Global Payout,
Inc. (GOHE)
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