Stock Market Press Focus Feature on Explosive Cannabis Industry Growth: DirectView Holdings (OTC: DIRV), Aurora Cannabis (NYSE: ACB) and Altria Group (NYSE: MO)
New York ,NY. Dec 4th, 2018 – Stockmarketpress.com, a leading financial news company covering the cannabis industry releases a new focus feature on DirectView Holdings (OTC: DIRV), Aurora Cannabis (NYSE: ACB) and Altria Group (NYSE: MO).
Aurora Cannabis (NYSE: ACB) just announced a major push for Softgels, both CBD and THC varieties. These are high-volume products, requiring a secure and consistent supply of cannabis for the manufacturer. 24/7/365 surveillance of the product from farm to manufacturer to consumer is required. DirectView’s ability to scale up systems while also adapting to all environment types is a huge win for them in this sector.
The explosive growth in the Cannabis sector has seen an almost equal increase in the security sector as thousands upon thousands of acres of farm land, hydroponic facilities, transportation and retail space used to grow, process and sell cannabis require 24/7 security. This security is not limited to physical barriers but electronic surveillance plays a huge role as well, something DirectView is targeting with a strong acquisition plan along with existing client growth.
The physical security market is estimated to be worth almost $300M by 2025. Major increase across all industry sectors, residential and commercial, for security is driving the market and is only expected to increase. With the imminent arrival of cannabis regulation easing, the exponential increase in security needs it going to drive companies like DirectView
Roger Ralston, DirectView’s CEO stated: “DirectView’s performance during the first nine months of 2018 turned out to be impressive, generating the highest sales and profits of any period in the Company’s history. As we continue to be awarded significant new and existing contracts, we continue to invest in our subsidiaries to support the continuation of significant growth, customer experience, and satisfaction- thereby ensuring our customers receive industry-leading products and service throughout the project life cycle.
2018 nine months results for DirectView show steady growth across all products and services:
22% sales growth to a record $3.3 million
20% growth in product sales to a record $2.7 million
32% growth in services sales to a record $0.6 million
7% gross profit growth to a record $1.3 million
30% growth in product gross profit to a record $1.4 million
400 basis point gross profit margin increase to 52.3%
108% increase in SG&A
Altria Group (NYSE: MO) targets acquisition of Cronos (CRON), a medical marijuana company, as they seek to expand and stay relevant in the shrinking cigarette market. This signals a major shift is coming across the cigarette industry and with it a significant increase in security needs.. step in DirectView with their complete security solutions. From access controls, CCTV surveillance and body cameras, their systems work across virtually all environments: industrial, warehouses, factories, retail store, business offices, cannabis dispensaries and more.
DirectView Holdings CEO Interview at NYSE
Multimedia video link: https://www.youtube.com/watch?v=Fx07GqviIh8
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