SOURCE: NetworkNewsWire

August 23, 2017 07:30 ET

NetworkNewsWire Announces Publication on Canada's Top Cannabis Companies

NEW YORK, NY--(Marketwired - Aug 23, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring ABcann Global (TSX VENTURE: ABCN) (OTCQB: ABCCF), a client of NNW that is a globally licensed, cost efficient producer of premium quality organic standardized medicinal cannabis.

The publication is titled, "Canadian Cannabis Leaders Sharpen Focus on Increasing Yield, Plant Quality." It shines a light on the companies blazing a trail through Canada's legalized cannabis space.

To view the full publication, visit: https://www.networknewswire.com/canadian-cannabis-leaders-sharpen-focus-increasing-yield-plant-quality/

"Now, at just three months old, ABcann has raised $43 million in cash, allowing it to quickly execute its expansion strategy and business model. A significant aspect of this strategy -- aside from its advanced growing technology -- is land ownership. To this accord, ABcann owns 65 acres of land in Napanee and, with its recent financing (http://nnw.fm/aVAL7) from Cannabis Wheaton, is set to expand at an unprecedented rate in the Canadian cannabis industry.

"An additional $15 million investment by Cannabis Wheaton, recognized as one of the biggest cannabis company in the world, will support a second production facility, aside from ABcann's plans to build a 100,000-square-foot complex. The $30 million financing agreement demonstrates ABcann's potential for growth, as Cannabis Wheaten invests in and partners with promising cannabis companies to help them leverage their diversity and expertise to fulfil its streaming goals. This strategy helps reduce the impact of licensing and build-out delays, cultivation challenges, and issues with access by clinics, pharmacies, and government purchasing agencies. Importantly, it has its own methods of boosting yield in the industry."

About ABcann Global Corporation

ABcann was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received on March 21, 2014. It obtained a sales license on December 31, 2015. ABcann's flagship facility, in Napanee, Ontario, contains proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann's modular approach to systems technology eliminates scale-up risk and allows ABcann to locate anywhere in the world and maintain consistency and quality of product.

For more information, visit www.ABcannGlobal.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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