[ACCESSWIRE]
NEW YORK, NY / ACCESSWIRE / June 1, 2016 / Most companies take the conventional route to profits; they setup a company selling a conventional product and use the traditional distribution channels to expand market reach. There's nothing wrong with that approach, per se; but what happens when the market becomes overcrowded? Who survives? Who thrives?
The increasing evidence is that those companies that defy the logic are better equipped to generate the biggest returns. Companies like Violin Memory, Inc. (VMEM), the maker of flash storage has shown consistency is pushing through the maze of tradition to create products that reflect the changing needs of consumers.
VMEM's patented Flash Fabric Architecture™ for cloud, enterprise and virtualized business and mission-critical storage applications has given it a very important profile among investors. [1] B.O.S. Better Online Solutions Ltd. (BOSC), another rule-breaker that provides radio frequency identification (RFID) and mobile solutions, and supply chain solutions in Israel and internationally is taking center stage among investors. BOSC recently reported a strong Q1 2016 and saw revenues grow 38% over the corresponding period last year. [2]
The exploding cannabis industry has its share of unconventional companies too. Where most companies in the space chase seed-sales, some companies like Grow Condos, Inc. (GRWC) take the less-travelled "shovels and picks approach."
Grow Condos, Inc. (GRWC) provides the essential growing space for cannabis entrepreneurs. It also provides financing for the purchase and development of properties as well as important technical equipment for the growing process – but investors are seemingly excited GRWC's property portfolio. This portfolio essentially gives the company the dual role of a real estate growth opportunity.
>> This Little Known Cannabis Stock Could Be On The Verge Of A Breakout <<
GRWC's portfolio includes a 15,000 square foot warehouse in Eagle Point, Oregon which the company manages for Marijuana Growers. The company also owns a new project of approximately 42,000 square feet of warehouse condominiums in the Pioneer Business Park in Eugene, Oregon. [3]
GRWC is abuzz with expansion projects, too. In late May GRWC announced an update on its next targeted development which goes before the city of Eugene, Oregon for approval. The slated project in Nuggetville, reported GRWC, "will be constructed on 2.65 acres in the Pioneer Business Park in Eugene, Oregon. Grow Condos plans to construct thirty three warehouse units of 1,500 square feet each, totaling approximately 50,000 square feet of warehouse condominiums."[4]
GRWC appears to be expanding its verticals too. Just recently the company announced that it is launching a new division which will target the development of cannabis friendly RV Campgrounds/Resorts specifically tailored for owner/operators and cater to the recreational marijuana marketplace. [5] "Recreational vehicle owners and campers want to be able to enjoy a stress free experience and we feel that in the recreational marijuana states a cannabis friendly resort will draw great interest," said CEO Wayne Zallen.
The expansion as well as growth of existing growing space bodes well for companies like Grow Condos, Inc. (GRWC) not least because the cannabis industry is seeing one of its biggest growth spurts since gaining mainstream attention a few years ago.
Pennsylvania became the 24th US state to legalize cannabis for medical purposes and joined other sizable markets such as New York, Minnesota, Maryland and Illinois. [6] Only two states -- Colorado and Washington DC -- allow the use of cannabis recreationally, but there is a growing chorus for the legalization across the board in several important markets such as California. The state which hosts the multi-billion film and entertainment industry already allows the use of cannabis for medical purposes.
The actual sales figures for cannabis are causing a gold-rush among cannabis entrepreneurs. Data from research firm ArchView Group shows that legal cannabis sales reached $5.4B in 2015 – a 17.4% climb on the $4.6B sales recorded in 2014. [7]
>> The Cannabis Sector Is Starting To Heat Up Again. See How Investors Can Capitalize <<
The biggest market sector in all of cannabis is the recreational sector. Spurred by exploding sales, companies like GRWC are betting on more and more entrepreneurs setting up shop which will in turn drive demand for actual real estate for growing.
Data suggests that recreational users spent $998M on cannabis in 2015 a big jump from the $351M spent in 2014. The more than 184% increase is a big reason many states are now moving to hold ballots on whether they should allow cannabis for either recreational or medical use. Colorado, the state that started the recreational use revolution, saw sales surge past $100M in 2015. [8]
Right now the sky seems the limit for players in the cannabis space. Companies like GRWC have the added advantage of being able to parlay important real estate into other growth areas and this is driving the investing profile of the company among investors.
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[1] http://finance.yahoo.com/news/violin-memory-announces-first-quarter-200400381.html
[2] http://finance.yahoo.com/news/b-o-better-online-solutions-124926501.html
[3] http://growcondos.com/
[4] http://finance.yahoo.com/news/grow-condos-nuggetville-100000451.html
[5] http://finance.yahoo.com/news/grow-condos-launching-rv-campground-100000853.html
[6] http://www.thecannabist.co/2016/04/18/pennsylvania-medical-marijuana-law-signed-by-gov-tom-wolf/52209/
[7] http://www.cnbc.com/2016/02/01/legal-us-pot-sales-soar-in-2015.html
[8] http://www.cnbc.com/2016/02/01/legal-us-pot-sales-soar-in-2015.html
SOURCE: InvestmentResearchReport.com
