Global Consumer Spending on Cannabis to Rise as Equity Financing of Startups Grows News Commentary

According to a report released by Arcview Market Research, in partnership with BDS Analytics, worldwide consumer spending on legal cannabis is expected to reach USD 57 Billion by 2027. Recreational cannabis spending is anticipated to reach USD 38.3 Billion, while medical cannabis spending will hit USD 19.1 Billion. The North American market will account for most of the total spending, growing from USD 9.2 Billion in 2017 to USD 47.3 Billion in 2027 and at a compound annual growth rate (CAGR) of 18%. Consumer spending on legal cannabis in the rest of the world is projected to grow at a higher rate of 47%. Victory Square Technologies Inc. (OTC: VSQTF), Aphria Inc. (OTC: APHQF), Emblem Corp (OTC: EMMBF), Leafbuyer Technologies, Inc. (OTC: LBUY), Cannabix Technologies Inc. (OTC: BLOZF)

Advancements in technology in the cannabis sector is one of the factors that drive the market growth. According to a report from CB Insights last year, global funding to cannabis startups has surged since 2013. Equity financing to private cannabis companies grew from only USD 13 Million in 2013 to over USD 200 Million in 2015 and 2016. The U.S. accounted for 84% of global funding deals between 2012 to 2016, while Canada made up 13% of the global equity deals.

Victory Square Technologies Inc. (OTCQX: VSQTF) is also listed on the Canadian Securities Exchange under the ticker (CSE: VST). This week, the Company named, ‘Barinder Rasode, the highly-touted CEO of the National Institute for Cannabis Health and Education, as the Chief Executive Officer of Grow Tech Labs (GTL), the company”s newly-established cannabis accelerator.

The timing of Rasode”s appointment is fortuitous given that the Grow Tech Labs accelerator program is being launched in association with the October 2018 legalization of cannabis in Canada.

”We are very pleased that someone of Barinder”s experience and profile within the cannabis industry has agreed to help lead this exciting new initiative,” said Shafin Diamond Tejani, CEO of Victory Square Technologies. ”In addition to attracting a diverse group of multi-generational leaders from the cannabis sector across Canada and around the world to Vancouver, Barinder will ensure that Grow Tech Labs delivers world class programs for participants that are rooted in innovation, scalable growth opportunities, entrepreneurship and mentorship. She literally checks all of the boxes for us.”

Ms. Rasode brings to Grow Tech Labs her unique background as both entrepreneur and long-time civil servant to the role of CEO. She carries key credentials such as in-depth experience with government policy acquired during her time as an elected Councillor for the City of Surrey, in healthcare as a member of Board of Directors for Fraser Health, and in the cannabis industry as co-founder and CEO of the National Institute for Cannabis Health and Education (NICHE) and co-founder of Cannabis Wise, a national product quality certification program.

Additionally, Barinder is a strong advocate for women in business as host of ‘SheTalks’ radio and as a co-founder of the ‘SheTalks’ conference series in British Columbia.

”I”m thrilled to join this Victory Square initiative to work together with leading industry partners to deliver world-class programs for participants that are rooted in innovation, entrepreneurship and mentorship,” said Rasode. ”I”m so looking forward to working with our team at Grow Tech Labs to attract a diverse generation of cannabis sector leaders from across Canada and around the world to Vancouver.”

The Grow Tech Lab mandate is to help reaffirm BC”s status as a leading hub for global cannabis excellence and innovation. The company will:

  • Provide direct support, access to capital, mentorship and licensed space to locate innovative start-up Canadian companies in BC.
  • Deliver world class programs rooted in innovation, entrepreneurship and mentorship.
  • Attract international investment.
  • Accelerate the participation of small BC producers and processors in the legal marketplace.
  • Establish dedicated programming for female and Indigenous-founded/owned companies.
  • Establish partnerships with community, government, business and education organizations.
  • Develop a culture of corporate social responsibility in new and emerging sector.

Victory Square Technologies Inc. is a technology accelerator company that uses its experience, expertise and resources to help grow and scale its 23 portfolio companies. These companies are working on innovative and disruptive projects in every sector of the global economy, including Finance, Health, Cannabis, Real Estate, Insurance, Entertainment and Education.

Victory Square Technologies Inc. provides its stakeholders with a curated portfolio of emerging technology companies focused on: Artificial Intelligence (‘AI’), Blockchain, Esports, Virtual Reality (‘VR’), and Augmented Reality (‘AR’), with the ability to provide significant upside to shareholders through monetization strategies that include IPO”s, RTO”s, and M&A activity.’

Aphria Inc. (OTCQB: APHQF) is a leading global cannabis company driven by an unrelenting commitment to its people, product quality and innovation. Aphria Inc. and Rapid Dose Therapeutics Inc. (‘RDT’), a Canadian bio-technology company focused on innovative drug delivery solutions, recently announced that they have signed a non-binding Memorandum of Understanding (‘MOU’) related to RDT”s QuickStrip™ products. Under the terms of the MOU, the companies intend to enter into a definitive agreement in the near future, pursuant to which RDT will provide Aphria with exclusive global preferred rights to produce, distribute and sell QuickStrip™ products for cannabis markets around the world. ‘Aphria is committed to bringing breakthrough innovations to the global cannabis market, which is why we are excited to introduce RDT as a strategic innovation partner,’ said Jakob Ripshtein, Chief Commercial Officer at Aphria. ‘They have developed a truly innovative product that will offer both patients and consumers a new way to consume and experience cannabis. We eagerly anticipate launching QuickStrip™ delivery technology across our portfolio of medical and adult-use brands and look forward to extending this valuable partnership to other markets around the world.’

Emblem Corp (OTCQX: EMMBF), through its wholly-owned subsidiary Emblem Cannabis Corporation, is a fully integrated licensed producer and distributor of medical cannabis and cannabis derivatives in Canada under the Access to Cannabis for Medical Purposes Regulations. Emblem Corp. recently announced that it has completed an equity investment in DriveABLE Assessment Centres Inc., a global leader in cognitive-based driving evaluations that measure the risk of impairment. Through this investment – to Emblem”s knowledge, the first of its kind in the cannabis space – Emblem will support DriveABLE as it seeks to tackle the issue of impairment on roads and in the workplace with new mobile technology. ‘As each person metabolizes cannabis at different rates, measuring THC levels – one of the main intoxicating compounds in cannabis – alone should not be used as the sole factor for determining impairment. We believe that a broader approach to evaluating impairment, regardless of the cause, is critical to making our communities safer,’ said Nick Dean, Chief Executive Officer, Emblem Corp. ‘Impairment – whether from alcohol, cannabis, fatigue, underlying medical conditions, or narcotics – is a serious issue that affects safety on roads and in the workplace. We have the responsibility to ensure that people are safe and are committed to working with DriveABLE to bring additional research and evaluation solutions to the table to address impairment.’

Leafbuyer Technologies, Inc. (OTCQB: LBUY) is one of the most comprehensive online sources for cannabis deals and information. Leafbuyer Technologies, Inc. recently announced that it has entered the final development phases of the industry”s first large-scale platform based on blockchain technology. Final development is expected to be completed in October. A market launch is expected as soon as December 2018. ‘This first-of-its-kind blockchain solution offers complete transparency between cannabis businesses and the end consumer, which, we expect, will add significant value to Leafbuyer”s platform. This, in turn, should open more revenue possibilities as we broaden the platform. The possible applications with blockchain technology are extraordinary, and we look forward to implementing this initiative to drive the growth of our company,’ said Leafbuyer Chairman and Chief Executive Officer Kurt Rossner.

Cannabix Technologies Inc. (OTC: BLOZF) is a leader in marijuana breathalyzer development for law enforcement and the workplace. Cannabix Technologies Inc. recently reported that characterization work has demonstrated the ability to isolate ∆9-tetrahydrocannabinol (‘THC’) and suppress background substrates effectively. Cannabix is developing an innovative FAIMS (field asymmetric waveform ion mobility spectrometry) based instrument for the detection of THC. Using the gold standard of mass spectrometry in tandem with the Cannabix FAIMS prototype device, Graph A and B below show suppression of background matrix allowing the THC peak to be easily recognized. This demonstrates the capability of the FAIMS device to isolate and detect THC from complex background matrix. The characterization work has been conducted using a bench version of the FAIMS device. Cannabix scientists have been actively tuning the FAIMS device coupled to real-time switchable mass spectrometry to detect key molecules and their complex pathways in the body to enable the identification of recency of use.

Subscribe Now! Watch us report LIVE

Follow us on Twitter for real time Financial News Updates:

Follow and talk to us on Instagram:

Facebook Like Us to receive live feeds:

About, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, creates 100% unique original content. also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on (the ”Site”) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content),, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. receives fees for producing and presenting high quality and sophisticated content on along with other financial news PR media services. does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For Victory Square Technologies Inc. financial news dissemination and PR services, has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. will always disclose any compensation in securities or cash payments for financial news PR advertising. does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security., members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: .

For further information:
Media Contact:


NEW YORK, September 28, 2018 /PRNewswire/ —

Global Consumer Spending on Cannabis to Rise as Equity Financing of Startups Grows

Utilizzando il sito, accetti l'utilizzo dei cookie da parte nostra. maggiori informazioni

Questo sito utilizza i cookie per fornire la migliore esperienza di navigazione possibile. Continuando a utilizzare questo sito senza modificare le impostazioni dei cookie o cliccando su "Accetta" permetti il loro utilizzo.