Cannabis Industry A Target Market For The Security Technology Industry
The security technology industry is looking to the opportunity of providing its high tech products and services to the growing cannabis industry. Cannabis companies offer the security industry both opportunities and challenges in designing customized and proprietary cannabis industry surveillance, safety and security. The cannabis industry is growing with companies such as Aurora Cannabis (NYSE: ACB) (TSX: ACB.TO), Canopy Growth Corp. (NYSE: CGC), Supreme Cannabis Co. (OTC: SPRWF), OrganiGram Holdings Inc. (NASDAQ: OGI), The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF). DirectView Holdings, Inc. (OTCQB: DIRV) is one industry leader focusing on serving the cannabis industry.
Tickers: Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB.TO), Supreme Cannabis Co. (OTC: SPRWF), DirectView Holdings, Inc. (OTCQB: DIRV), The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), OrganiGram Holdings Inc. (NASDAQ: OGI), Canopy Growth Corp. (NYSE: CGC).
New York, NY, October 30, 2019 — Stock Market Press is a leading financial news company that delivers up to date news. News on the wires today includes how the fast-growing cannabis industry is an attractive opportunity for security technology companies. These firms can offer the latest trends in surveillance equipment to protect cannabis facilities.
The cannabis industry is growing significantly as it cultivates crops and markets CBD products internationally. The security technology industry sees cannabis companies requiring special and proprietary needs for their facilities.
In other news we also talk about: Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB.TO), Supreme Cannabis Co. (OTC: SPRWF), DirectView Holdings, Inc. (OTCQB: DIRV), The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), OrganiGram Holdings Inc. (NASDAQ: OGI), Canopy Growth Corp. (NYSE: CGC).
Roger Ralston, DirectView CEO and Chairman, in an interview with NASDAQ said, “Cannabis is growing. Companies are marketing CBD products. They all have a need for what we sell.”
Ralston has described the benefits of DirectView’s successfully negotiating the restructuring of its $9 million+ in debt exposure. It has replaced that with a restructuring initiative that will eliminate approximately $5.5 million of convertible debt exposure and consolidate the remaining debt into approximately $3.5 million.
Ralston said the impact of the restructuring has been enormous. The transaction between the company, its two largest debt holders, and the new investor will free the company from high penalties and interest. The restructuring gives the company the freedom to reinvest in growth, look at acquisitions and the potential to grow.
“It is a game changer,” said Ralston. “It takes a monkey off our back.”
One future opportunity is the chance to pursue the growing needs of the cannabis industry, he said. DirectView can offer potential clients everything from products that detect facial recognition, offer artificial intelligence and can employ a multitude of parameters to locate specific persons, if needed.
Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB.TO) stock hit $3.60 at the close Tuesday after a previous close of $3.69. It has a 52 week trading range of $3.40/$10.32.
Supreme Cannabis Company (NASDAQ: SPRWF) reported significant gains for its Q4 2019, driven by the performance of its 7ACRES brand. Results from Q4 2019 were revenues of $19 million, a 443% year-over-year jump from its $3.5 million in the comparable period the prior year. Q42019 was up 90% from Q3 2019, the company reported.
The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) stock reached a price of $0.75 at the Tuesday close. The 52-week range is $0.74/$4.38.
OrganiGram Holdings Inc (NASDAQ: OGI) stock on Tuesday was off by 6.87% to $3.39.
Canopy Growth Corp. (NYSE: CGC) stock reached $20.57, off 4.94% from its open on Tuesday.
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