We’re constantly scouring for new and exciting plays in the cannabis sector, and SMART CANNABIS/SH SH (OTCMKTS: SCNA) is one we’re covering today for the first time here on Street Register.
The company is engaged in the agriculture and cannabis industries through acquisition, strategic alliances, and proprietary intellectual property. Its wholly owned subsidiary, Next Generation Farming Inc., provides turnkey, automated, commercial greenhouses systems that efficiently improve yields and decrease water consumption for cultivators of organic food and cannabis crops.
We also learned this week that SMART CANNABIS/SH SH (OTCMKTS: SCNA)’s newly formed subsidiary, SAP Investments, Inc., has secured a Letter of Intent to acquire a cannabis cultivation license in Northern California.
According to Smart Cannabis President John Taylor, “This is a significant development in the growth and evolution of our company. The reaction from potential partners and investors to us establishing SAP Investments has been exceptionally positive and we are encouraged to be working our first deal so quickly. Our team will urgently proceed with formalizing necessary contracts so we can decisively maximize the revenue potential while conforming to applicable laws. There are several paths open to us, but adding a large scale California cultivation license has greater potential to accelerate our overall revenue and market share growth in the cannabis industry.”
SAP Investments was formed so Smart Cannabis Corp. can leverage its expertise across the cannabis spectrum, including special purpose real estate acquisitions, and the building, licensing, and management or sale of fully compliant turnkey facilities for cannabis-based products. Company plans range from building out cannabis specific business parks for sale or lease, to acquisitions of licenses and/or facilities for cultivation, nurseries, processing, and manufacturing. (Source: PR Newswire)
In other recent news from SCNA and Next Generation Farming, the company unveiled a new light product to the market, specifically designed to accelerate cultivation of cannabis in greenhouses and reduce energy consumption to one-fifth of standard and DE HPS lighting fixtures.
“Need truly drives product creation for us whether it’s in a variety of greenhouses or tools that improve production outcomes within the greenhouses, like our SMARTAPP which automates the cultivation process and allows for remote management. This lighting system is absolutely needed for efficiency. It’s critical to us that our clients experience high quality, high tech products that improve both yields and their bottom line when they work with us. We are confident we’re helping them achieve success even more by making Multi Spectrum Grow Light available to them immediately,” said Smart Cannabis Corp. co-founder John Taylor. (Source: PR Newswire)
So, in the past week we have two separate claims from SCNA that, if followed through upon, would make us highly interested in this company. A successful entry into the massive California cannabis market would mean SCNA would be trying for its share of a billion dollar a year enterprise, this is only growing with time.
Likewise, a highly productive growing light capable of actually reducing power requirements by as much as the company claims could be a true game changer. We’d be inclined to be more skeptical about this claim than the former, so we will anxiously await more details. Meanwhile, pressure on the cannabis sector from the Federal level has decreased significantly since the beginning of the year, so we feel the second half of 2018 is in line to be far better for the cannabis business and related stocks than was the first half. We’ll be sure to continue looking out for key events. We’ll stay up on any further developments with SCNA and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free small cap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in SCNA stock, short or long.