Growth of Two Sectors ‘Tied At the Hip’ And What It Means For Investors
New York, NY May 14, 2019 – Stock Market Press is a leading financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network brings two sectors to the forefront of investors minds: Cannabis and Security/Surveillance.
Challenges in the cannabis sector are not limited to product or processing large quantities of marijuana or hemp for distribution/sale, but extend to other sectors. One of these sectors is: security and surveillance. Regulators have put cannabis companies under the microscope when it comes to security, access, surveillance and record keeping. One such example is Pennsylvania, which requires 2 years archive of video footage. As a result, cannabis companies (hemp and marijuana both) continue to face headwinds when it comes to processing and growth due to these regulations.
Sometimes it isn’t the regulators that step in: Earlier this month ‘Record flooding has hit the Ottawa River, according to multiple reports from Canadian media, affecting Canada’s capital and several neighboring cities, including Gatineau, where Hexo Corp’s (NYSE:HEXO) cannabis facilities are located.
“Hexo’s facility in Gatineau is not at risk of flooding,” a Hexo representative said in an emailed statement. “We continue to monitor the water levels and are prepared to take action should the conditions require it. At the height of flooding in our area in 2017, our Gatineau facility was not affected.” ‘ – full article
Companies such as DirectView Holdings, Inc. (OTC:DIRV), which just came back from the Cannabis Conference 2019, are creating custom turnkey solutions for the cannabis sector. These systems include the ability to remote monitor real-time and review recorded video, exactly what Hexo Corp (NYSE:HEXO) was doing during this intense rain event.
The DirectView Holdings, Inc. (OTC:DIRV) Security and Surveillance division provides surveillance systems, and digital video recording and services, including DVR recorders and cameras, video intercoms, NVR recorders and IP cameras, laser and video beam perimeter security products, motion detection and thermal imagery products, security design and consulting, remote control device management, equipment maintenance service plans, and access control solutions. It also develops customized software programs; and DirectView Security App, a mobile application to enable full remote management of deployed surveillance devices, such as positioning cameras, setting recording parameters, and replay of selected video. This division serves transportation, hospitality, industrial, educational, and residential markets.
Canopy Growth Corporation (NYSE:CGC) has over 4 million square feet of licensed growing space across 10 production facilities in Canada and has plans to increase to over 5.5 million square feet. In addition, while waiting for the US marijuana laws to change, they have taken advantage of the recently passed US 2018 Farm Bill allowing Hemp to be grown. Securing a license in New York state and preparing to invest over $100 million in a new large scale hemp production facility.
Canopy Growth Receives New York State Hemp License And Will Establish U.S.-based Commercial Operations
New York State Facility to Anchor New Hemp Industrial Park
Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) has been granted a licence by New York State to process and produce hemp. Thanks to the work of key state and federal government officials from the State of New York, Canopy Growth is proud to outline its commitment to invest in New York in order to establish a Hemp Industrial Park. Governor Andrew M. Cuomo’s leadership at the state level led to the creation of the Hemp Research Pilot Program, a standout in the nation. U.S. Senator Charles E. Schumer was instrumental in the passage of the Farm Bill, a transformative piece of legislation that gave Canopy Growth the federal guidance it needed to make a significant investment in New York. Canopy Growth will establish within the Hemp Industrial Park large-scale production capabilities focused on hemp extraction and product manufacturing within the United States.
This continues expansion of the cannabis sector will further enhance and grow the security and surveillance market for years and decades to come.
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