The U.S. cannabis industry grew 64% in 2013 and is expected to reach $2.34 billion by the end of 2014, according to ArcView Market Research. At the same time, Health Canada expects the Canadian medical cannabis industry to reach $1.3 billion by 2024 with some 450,000 Canadians expected to register under the country’s newly implemented Marihuana for Medical Purposes Regulations (“MMPR”).
In this article, we’ll take a look at one company that’s capitalizing on the rapidly growing cannabis industry by focusing on the investment side of the business.
NextGen’s GreenRush Conferences
Next Generation Metals Inc. (OTC: NXTTF) (CSE: N), a diversified public company focused on investments in medical marijuana, industrial hemp, and alternative medicine industries in North America, has capitalized on the cannabis industry’s growth by establishing Canada’s first cannabis-focused conference, known as the GreenRush Financial Conference.
The company’s vision is for GreenRush Financial Conferences to be the premier investment conferences within the industry, providing a platform to facilitate investment, education, and business opportunities. Conferences feature insightful speakers, government, health and industry specialists, public and private companies, fund managers, brokers, investors, media, and other interested parties.
On May 7, 2014, the company held the first GreenRush Financial Conference in Vancouver, BC at the Vancouver Convention Centre East Ballrooms A/B/C in the Pan Pacific Hotel. The full day conference had over 1,300 attendees and 35 exhibitors with expert speakers from around the world, attracting national and international media coverage from major outlets across Canada, the U.S., and Europe.
The next GreenRush Financial Conference will take place in Toronto at the Metro Toronto Convention Centre North in the Constitution Hall on June 26, 2014. Management expects the conference to be even larger than its premier conference, with an impressive line-up of speakers, jam packed exhibitor hall, and a large number of industry professionals and members of the investment community.
Setting the Stage
Next Generation Metals’ GreenRush Financial Conferences are designed to bring together members of the investment community, but also increase its brand awareness within the cannabis industry. As a diversified holding company, management aims to make attractive acquisitions within the sector in order to ultimately grow its top- and bottom-line financial results.
“The medical marijuana business is slowly recapitalizing the junior mining industry in Canada,” said NextGen CEO Harry Barr referring to the many junior mining stocks that have changed business plans. “But more than that, it is quickly bringing together the legal and professional industry forces necessary to give a complex, highly regulated market the visibility and transparency that investors require.”
Mr. Barr, a graduate from the University of Geulph in Agribusiness at age 23, has developed a well thought out business strategy utilizing his team’s business acumen to add consistent shareholder value. Management is actively seeking and reviewing new business plans via its conferences to become a leader in the space and a go-to company for legal marijuana, industrial hemp, and alternative medical investments.
Since 1985, Mr. Barr indicated that every exploration company that he has started is still in business today. The company is also remaining active in the mining industry, with Pacific North West Capital Corp. (OTC: PAWEF) (TSX-V: PFN) being a 22% controlling shareholder of the company and 10% shareholder of El Nino Ventures (OTC: ELNOF) (TSX-V: ELN).
Next Generation Metals represents a unique play on North America’s rapidly growing cannabis marketplace. By establishing the highly successful GreenRush Financial Conferences, management has already positioned the company as a leader in the financial part of the cannabis industry. The company plans on leveraging the unique position to make strategic long-term investments in the space.
To sign up for the upcoming GreenRush Financial Conference in Toronto on June 26, 2014, please visit http://greenrushfinancialconferences.com/.
Investors should take a look at the following resources for more information:
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