Enviro-Serv (PINKSHEETS:EVSV), the parent and publicly traded vehicle of Enviro-Serv USA has announced a 260 million share reduction in outstanding and floating EVSV common stock shares has commenced exploratory meetings with former organic fertilizer and pesticide manufacturers for potential entry into the marijuana sector.
As quoted in the press release:

Chris Trina, Chairman and CEO, had these exciting remarks for the investing public about the booming cannabis market, “One does not need to be a rocket scientist to understand the upside potential within the cannabis space as the growth projections continue to soar. In 2016 Fortune magazine estimated legal marijuana sales of over 6.5 billion dollars with growth estimates ranging from 25-30% through 2017. Many industries are feeding off this frenzy in their quest to capture their own slice of the pie. It has been publicly documented in a Forbes article dated July 6th, 2016 that the CEO of Scotts Miracle-Gro intends to invest over 500 million dollars and he was quoted in the same article to say, ‘It’s the biggest thing I’ve ever seen in lawn and garden.'”
Trina went on to exclaim, “The time is now for us to seriously explore our own opportunities. I feel strongly about my knowledge and sources of contacts within the insecticide/fertilization market to penetrate and capture some of this industry growth from within this arena. In 2008 and 2009 my former subsidiary, Organic Products International which hit sales of over one million dollars in those years, had multiple licensing/distribution agreements with two giants in the eco-friendly organic fertilizer space. Although the recession of 2008-2010 killed our momentum these relationships are still ripe and just yesterday I had a successful phone conference with my former Georgia-based joint venture partner which was highly encouraging. I believe we can create a niche market where we aren’t directly competing against the Scotts of the world and successfully earn our fair share. Although this is currently exploratory in nature Enviro-Serv will be reviving this subsidiary under the same well branded name, OPI, to better prepare for these ongoing forward looking opportunities.”

Click here to read the full press release.


US Election 2020 and Cannabis

 
Investing in cannabis? Read what experts have to say about cannabis and the US Election!
 

TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced Jason Ackerman Chief Executive Officer and Executive Chairman of TerrAscend, Keith Stauffer Chief Financial Officer, and Jason Wild Chairman, will participate in three upcoming conferences:

  • Cowen’s 3rd Annual Boston Cannabis Conference, a virtual event taking place November 30-December 2 , 2020. Jason Ackerman will participate in a panel, U.S. MSOs: The West, on November 30, 2020 at 10:25 a.m. ET . Management will also host one-on-one meetings with investors throughout the conference.
  • 2020 Cantor Fitzgerald Virtual Cannabis MSO Summit, a virtual event taking place on December 15-16, 2020 . Jason Ackerman is scheduled to participate in a fireside chat on December 16 th at 1:00 p.m. ET . To register for the fireside chat: Click Here
  • 23 rd Annual Needham Virtual Growth Conference, a virtual event taking place January 11-15, 2021 . Jason Ackerman is scheduled to participate in a fireside chat on January 14, 2021 at 2:45 p.m. ET . Management will also host one-on-one meetings with investors throughout the conference. To register for the fireside chat: Click Here

The Canadian Securities Exchange (“CSE”) has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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NYSE | TSX: ACB

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Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

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