Cannabis in Texas
Cannabis in Texas is illegal for recreational use. Possession of up to two ounces is a class B misdemeanor, punishable by up to 180 days in prison, a fine of up to $2000, and the suspension of one’s driver’s license. Several of the state’s major municipalities have enacted reforms to apply lesser penalties, however.
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Top Cannabis Companies in Texas
Compassionate Cultivation is a medical cannabis company that grows, processes, and dispenses CBD medicine. The company provides patient consultations, physician outreach resources, and detailed information on their products and retail merchandise.
Conditions including epilepsy, seizure disorders, multiple sclerosis, spasticity, ALS, autism, terminal cancer, CTE, and other incurable neurodegenerative disorder now have access to medically prescribed cannabis.. .
Indoor Harvest is a design-build contractor for building integrated agriculture. It provides cannabis industry production platforms for building integrated agriculture (BIA) production.
Its patent-pending aeroponic methods allow for the production of chemically consistent, contaminate free cannabis, economically at scale. Indoor Harvest was founded in 2011 and is headquartered in Houston, Texas..
LENUS BIOSCIENCES SPAC
LENUS BIOSCIENCE SPAC targets to acquire a conglomerate of companies in the area of medical cannabis (R&D, pharmaceutical production, distribution of pharmaceutical products) that create synergies and bring new technologies and a new approach in their business combination together. LENUS IS A MEDICAL BIOTECH PROJECT – dealing with drug nanospheres and medical cannabis.
WE ARE DEDICATED TO BRING LENUS TO A SUCCESSFUL IPO – Using a Special Purpose Acquisition Company we focus on the acquisition of promising companies with forward-looking technologies in the pharmaceutical sector and have experience in the medical CBD/THC R&D. IT IS OUR OUTSTANDING VISION TO HAVE IMPACT ON THE MARKET – Nano-Biotech plus CBD /THC will create new drugs and improve the efficiency of proven active ingredients.
IT IS OUR STRATEGY TO ACQUIRE POTENTIAL AND CREATE SYNERGIES – Acquire or cooperate with companies that have a proven track record in R&D or are hidden champions in the pharmaceutical market. PEOPLE MAKE THE DIFFERENCE – We work together with experts and institutions who are enthusiastic about making this project a success and who want to pass on their long-standing expertise.
Listing at Nasdaq planned; IPO proceeds are planned to be USD 90 – 150 million, S1 to be filed in May 2020. Required pre-IPO capital (sponsor capital) is USD 4.5 – 7.5 million, of which 4.5 M have been raised – there is still a short-term opportunity for pre-IPO investors (sponsors) to invest up to USD 3 M.
Sponsors will be provided with founder shares plus one full warrant for each USD invested. The Board of LENUS will consist of industry specialists, respective communication with prospective board members reached its final stage.
The only open Board position is the position of the CFO. We are looking for CFO candidates with track records in managing public companies, preferably from the cannabis and/or pharma industry..
OMGreens is an investment management company that connects capital with legal cannabis to create a peaceful, prosperous, green future. It believes in creating a legal cannabis industry that is rooted in integrity, transparency, and responsibility.
It finds an emerging business that meet these standards while offering investors substantial profitability and improving people’s well being and quality of life. It was founded in 2014 and is headquartered in Austin, Texas..
RVHarvest, LLC is an investment vehicle to fund the farming of specialized hemp for the cannabinoid-rich industrial hemp oil market that is legal in the U.S. to grow.
With our experienced local team, our solution is to cultivate a commercial organic hemp farm targeting the U.S. market for industrial hemp rich in cannabinoids such as cannabidiol (hemp CBD).
The company intends to establish a viable hemp CBD farming operation with the objective to create market presence and expand the operation. RVHarvest intends to cultivate 60 acres of industrial hemp CBD extracting CBD oil and projects gross revenues of $3.8MM in Q4 2019.
As our farming processes improve, acreage production yields should grow, increasing revenues to $5MM and $6.3MM in the following two years. We project investor payout will be in three years..
FolioGrow is a Cloud-based Horticulture Productivity Platform, developed with the express purpose of using math and algorithms to improve results and yield in traditional farming practices. Our custom-built solution helps businesses in the farming industry manage their employees, growing process, research and development and all aspects of growing crops.
By continuously analyzing the numbers related to your crop (light, feed, time, trim, etc) and comparing them to the results of each harvest, FolioGrow shows you how to best use your limited square footage to make the maximum profitability possible. FolioGrow has been developed by the same team that has created cloud-based software currently being used by some of the largest technology companies on the planet..
Hemp Victory Exchange
Hemp Victory Exchange.com will provide products and services to multiple areas of the Hemp/Cannabis Industry in order to help facilitate and promote the growth of the Industry. Hemp/Cannabis Products Exchange, Buy, Sell or Trade.
Using Three websites to cover all three segment of the industry. Hemp Victory Exchange .com for Industrial Hemp Farmers and Products.
Cannabis Cures Exchange .com for Medical Cures and Products. Marijuana Victory Exchange .com for Recreational Users and Products.
Auctions and Classified ads for all Websites. Social Networks for Real-time Interaction Research and Development for Hemp Seed Sales Establish Co-Ops for Farmers and sell seeds to Farmers Provide up to the minute Hemp Trade Pricing world wide Affiliate links to all Hemp/Cannabis products Medical Cures with Health Products Recreational States Information and Products Industry Job Listings and Sector Events Recent News on all Websites With the passing of Hemp Ag Bills in States and the US Congress the company will grow Hemp in the most affordable states to process Organic Hemp Seeds for Organic Hemp Oil sales and products.
Simultaneous the websites will be the focus of the business to be the worlds Hemp/Cannabis resource to Buy, Sell and Trade Hemp/Cannabis products and services world wide. Marijuana Victory Exchange.com is the site and will focus on Legal Recreational Marijuana services and products.
The site will provide the opportunity to Buy, Sell or Exchange legal products. Cannabis Cures Exchange.com is the site that will focus on the Medical Cures and Research that is occurring in this sector of the industry.
Hempchain unlocks the vast potential of the new $1T Industrial Hemp, CBD, and Hemp-based Industries Revolution. Hempchain is a product developer, educator, supply chain, and marketplace for farmers, small businesses, enterprises, governments, universities, medical researchers, entrepreneurs, and consumers to learn, share, collaborate and conduct transactions.
Hempchain generates revenue from licensing technology, services and transaction fees, and product sales. Hempchain uses Artificial Intelligence, Augmented Reality, Industrial Internet of Things, Robotics, multiple Blockchains, and Cryptocurrency for executing its mission..
PackDeck provides industrial hemp cultivators, processors, and manufacturers with more visibility in their supply chain. The B2B software enables efficiencies with more product movement in fewer steps by automating otherwise manual processes such as customer outreach, freight booking, and inventory updates.
PackDeck started as a hemp building supply company, gaining a deep understanding of existing pain points and how they can be solved using technology. We exist so businesses can thrive in a developing landscape while democratizing enterprise level capabilities for the hemp industry..
This article was written by Elen Toast from CBDevious. The editor for this article was Tess Page. If your company is featured in this article and you want to have amendments made please contact us on: [email protected].
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