NetworkNewsWire Announces Publication Discussing Innovators Cashing In on "Green Rush" of Legal Cannabis in Canada

New York, New York--(Newsfile Corp. - August 17, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring ABcann Global (TSXV: ABCN) (OTCQB: ABCCF), a client of NNW that is a globally licensed, cost efficient producer of premium quality organic standardized medicinal cannabis.

The publication is titled, "Green Rush taking Hold in Canada as US Lawmakers Continue to Spin Tires." It discusses several cannabis-based companies poised to strike as Canada moves to legalize recreational marijuana at the federal level.

To view the full publication, visit: https://www.networknewswire.com/green-rush-taking-hold-canada-us-lawmakers-continue-spin-tires/.

"Unlike many of its U.S. counterparts, ABcann has found early success in attracting investors thanks in part to the predictability of the Canadian market. On August 2, the company announced (http://nnw.fm/aVAL7) the close of an initial $15 million investment by Cannabis Wheaton Income Corp., the world's first cannabis streaming company, as part of a larger phased investment to fund an additional 50,000 square feet at ABcann's second production facility at its 65-acre Kimmett property in Napanee, Ontario. Plans for this facility, in addition to the company's current construction plans for a 100,000-square-foot purpose built facility at the Kimmett property, position ABcann to expand at a rate that's unparalleled in the Canadian cannabis industry. It's important to note that Cannabis Wheaton's valuation of ABcann comes at a 160% premium over the company's current share price of $0.68. Cannabis Wheaton paid $2.25 per share — $15 million cash — in a $30 million financing, the remaining $15 million of which is expected to fund an additional production with ABcann.

"Understanding ABcann's potential upside is most easily accomplished by studying its competitors in the Canadian market. Because the Canadian government limits the number of cannabis production licenses granted under the Marihuana for Medical Purposes Regulations (more than 1,600 companies have applied to become licensed producers since 2013, with only 19 winning LP status from 2013-2014), the market maintains extremely high barriers to entry."

About ABcann Global Corporation

ABcann was one of the first companies to obtain a production license under the Marijuana for Medical Purposes Regulations, which it received on March 21, 2014. It obtained a sales license on December 31, 2015. ABcann's flagship facility, in Napanee, Ontario, contains proprietary plant-growing technology, including environmentally-controlled chambers capable of monitoring and regulating all variables in the growing process. This approach and the systems in place allow ABcann to produce organically grown and pesticide-free, high-yielding plants, which, in turn, can generate high-quality products that are consistent from batch to batch. ABcann is able to control environmental and nutrient demands, tailor-made for a particular strain of cannabis, without the variation that is typical when producing large quantities in less-controlled, larger rooms and greenhouse-type structures. ABcann's modular approach to systems technology eliminates scale-up risk and allows ABcann to locate anywhere in the world and maintain consistency and quality of product. For more information, visit www.ABcannGlobal.com.

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NetworkNewsWire (NNW)
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Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

NNW Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com