Business
How Cannabis Investment is Spreading Across the Globe
![](https://www.bigtimedaily.com/wp-content/uploads/2019/10/cannabis.png)
Investment in cannabis has no borders, and cannabis companies like World High Life PLC (NEX: LIFE), GreenStar Biosciences Corp. (CSE: GSTR) and Veritas Farms Inc. (OTC: VFRMD) prove it
As the cannabis business develops, investors are establishing new frontiers and expand to new markets. These include the U.S., Europe and South American countries, such as Colombia that recently hosted the first medical cannabis investment summit in Latin America.
The Cannabis Summit that took place on September 12-13 in Bogota, seeked to raise investments of 20-40 million dollars and invited 150 investors and 70 businessmen.
This is not the first time that multimillion-dollar medical cannabis businesses have been made in Colombia. Just in March this year, an analysis was published about how this industry moves in the country. The analysis presented Plantmedco, a national company that attracted the attention of foreign investors, who were willing to inject a juicy capital close to US$40 million.
Hence, the estimate of 20 or 40 million dollars that were expected to be raised in investment during the summit in Bogota is not something new. What is news is that investors The Arcview Group and Muisca Capital Group presented the event as the first medical cannabis investment summit in Latin America, the “Cannabiz Latino Hub – Impact Investment Summit & B2B Expo”.
Thus, Bogotá consolidates itself as the first city in Latin America to hold such a summit. According to Muisca Capital Group CEO Carol Ortega, this translates into an opportunity for the region to consolidate a venture capital community that will help propel Latin legal cannabis companies to the next level, allowing them to compete internationally.
Figures managed by Muisca Capital Group show that by 2028 this industry is expected to reach 13 billion dollars, and that by 2019 its growth in the world market will increase by 38%.
“The positive socio economic impact that the legal cannabis industry is bringing to Latin America is undeniable and we are pleased to help the region move forward by connecting global capital with business opportunities,” said Troy Dayton, CEO of investor group The Arcview Group.
Data collected by El Espectador, according to advanced talks with companies immersed in this business, show that the medical cannabis industry can generate jobs where the lowest paid employee receives about $1,200,000 per month. Added to the above, it is estimated that a single hectare of cultivation can generate between US$3 and US$8 million.
Investments in Europe
Latin America is not the only region targeted by cannabis investors. Some companies decided to target Europe, as it is another market with a huge potential, estimated to be worth 58 billion euro by 2029.
An investment company World High Live PLC (NEX: LIFE) recently made news in the UK by announcing the proposal to acquire all shares of Love Hemp in a deal valued at 9 million GBP. Love Hemp is the British CBD leader. The company has their products available at over 1,200 retailers in the country, on top of the agreements they have with big network stores like Boots, Sainsbury’s, Tesco or Superdrug.
World High Life wants to be a part of the CBD and medicinal cannabis business developing in Europe. With Love Hemp, they are planning to enter Germany in 2020 and expand further from there, adding other promising cannabis companies to their portfolio.
The U.S. market is investors’ target
Even the U.S. is a market with an unfulfilled potential for investments in cannabis. Canadian companies, such as GreenStar Biosciences Corp. (CSE: GSTR), are executing the plan to enter the American market through the acquisition or partnership agreements with local cannabis enterprises. GreenStar has even made it their core business strategy, to build a diverse portfolio of top, most promising North American companies touching on every aspect of the product life cycle.
Cowlitz is a Washington state-based producer and distributor of cannabis products for recreational use, and a tenant partner company of GreenStar. They are a leader in their state, as no other company produces cannabis with high quality, high THC level and at affordable prices. Cowlitz regularly records a quarterly revenue of $4 million and at the end of last year reported a revenue of $14.6 million.
Washington state is one of the 13 U.S. states where trading recreational cannabis is legal. Another one where marijuana business is blooming is Colorado which attracts a lot of investment. Veritas Farms Inc. (OTC: VFRMD) has their corporate headquarters in Lauderdale, Florida, but decided to base a 140-acre industrial hemp farm and manufacturing facility in Pueblo, Colorado. The company produces eight categories of high quality hemp oil products. Their focus on honesty, transparency and proven quality pays off and brings tremendous results. Veritas Farms, which was established in 2015, generated more than $2.9 million in total revenue in the second quarter of 2019, that is a 500% increase year on year. Their gross profits skyrocketed by almost 800% to $1,523,413.
Looking at the success of their products, the company is in the process of expanding their billboard and large poster campaign to five new cities: Atlanta, Dallas, Houston, Denver, and Colorado Springs. The campaign will last three months, until December 29.
As the medicinal and recreational cannabis markets grow in North America, South America and Europe, it becomes clear that we are witnessing the emergence of a new global industry. It will be interesting to see how the companies that took first steps into becoming world key cannabis players, succeed.
Business
September Joy: HomeCare Bosses United®’s Second CareGrowth AI™ Workshop
![](https://www.bigtimedaily.com/wp-content/uploads/2024/09/0C6A4646-1.jpg)
Sue and Enock Denis, co-founders of HomeCare Bosses United®, are the top industry-leading pair in the non-medical homecare space. Sue Denis began her journey after leaving the nursing world and jumping with both feet into the homecare industry by founding her own homecare agency. Next, she taught those in her local community and online how to do the same in a private Facebook group she created for the purpose. Now, that group has over 13k members.
She and Enock’s latest venture — the CareGrowth AI™ software developed specifically for homecare agencies — is but the next step in their transformative, inspiring journey, heralding a new era for homecare agencies by turning them into Intelligent HomeCare Agencies™. After their very successful launch event, the Systemize to Scale With AI Workshop, Sue and Enock are back with an encore for those who missed the first one — or those who want more HomeCare Boss magic!
The 2nd Launch Event: Systemize to Scale With AI Workshop
Scheduled from September 8-12, 2024, at 8 PM EST each day, the Systemize to Scale With AI Encore will introduce CareGrowth AI™ to the next wave of attendees. The five-day virtual event revolutionizes how homecare agencies operate, offering insights and tools to streamline operations, reduce errors, and enhance efficiency.
“We’re not just offering another software; we’re helping agencies transform into Intelligent Homecare Agencies,” Enock explains. “With AI, these agencies can become more efficient, productive, and ultimately more profitable.”
So true. Intelligent Homecare Agencies™ that implement the software harness the power of AI to elevate their operations, making them more efficient, productive, and capable of delivering higher quality care and achieving greater profitability.
A Community-Centric Approach
With nearly 13,000 members in their private Facebook group, HomeCare Bosses United® has created a robust community of homecare professionals. Its supportive network is a cornerstone of the organization, offering courses, consulting, and a thriving online space where members can share experiences and learn from one another.
“Community is the backbone of our success,” Sue shares. “It’s incredible to see agency owners support each other and grow together.”
Core Values Driving Success
At the heart of HomeCare Bosses United® lies a set of core values: Empowerment, innovation, community, integrity, excellence, and faith. These principles guide their mission and shape their approach to business, ensuring that each agency owner feels equipped to navigate the industry’s challenges.
“Empowerment is key,” says Sue. “We want agency owners to feel confident and capable, knowing they have the power to succeed.”
Innovation is another critical aspect of their work. With the launch of CareGrowth AI™, the Denises are setting new standards in the industry, paving the way for homecare agencies to become part of the Intelligent Homecare Agency™ category.
“With CareGrowth AI, we’re keeping up with the AI revolution… by leading it!” Enock emphasizes.
Integrity and Faith: The Foundation
Honesty, transparency, and ethical practices are fundamental to HomeCare Bosses United®’s business model. Enock and Sue’s commitment to integrity ensures that clients receive honest and transparent guidance, fostering trust and reliability.
Their faith also plays a pivotal role in their business philosophy.
“Our faith is at the center of our business,” Enock says. “It guides us and gives us strength, helping us make a positive impact in the lives of others.”
Looking Ahead
As HomeCare Bosses United® continues to grow, their mission remains steadfast: To help homecare agency owners thrive. Through their comprehensive support platform, they provide the tools, knowledge, and community needed to start, grow, and scale homecare businesses.
The upcoming Systemize to Scale With AI Encore is an opportunity for homecare professionals to join this journey and embrace the future of the industry. Registration is available at https://CareGrowthAI.com for just $37, including access to the live workshop and the exclusive HomeCare Bosses United® community.
About HomeCare Bosses United®
HomeCare Bosses United® helps you grow your homecare agency, impact the world, and live life on your terms. Co-founded by Enock and Sue Denis, the company offers courses, consulting, and live events for homecare agency owners at every stage of their journey. Their mission is to simplify the process of starting, growing, and scaling homecare agencies, providing the tools and support needed for success, including their revolutionary CareGrowth AI™ solution. For more information, visit: https://CareGrowth AI.com and https://homecarebossesunited.com
-
Tech3 years ago
Effuel Reviews (2021) – Effuel ECO OBD2 Saves Fuel, and Reduce Gas Cost? Effuel Customer Reviews
-
Tech5 years ago
Bosch Power Tools India Launches ‘Cordless Matlab Bosch’ Campaign to Demonstrate the Power of Cordless
-
Lifestyle5 years ago
Catholic Cases App brings Church’s Moral Teachings to Androids and iPhones
-
Lifestyle4 years ago
East Side Hype x Billionaire Boys Club. Hottest New Streetwear Releases in Utah.
-
Tech6 years ago
Cloud Buyers & Investors to Profit in the Future
-
Lifestyle4 years ago
The Midas of Cosmetic Dermatology: Dr. Simon Ourian
-
Health5 years ago
CBDistillery Review: Is it a scam?
-
Entertainment5 years ago
Avengers Endgame now Available on 123Movies for Download & Streaming for Free