Bayport International Holdings, Inc. Executing Vision to Develop Cannabis Technology Ecosystem - Spotlight Growth
Sacramento, California--(Newsfile Corp. - November 16, 2017) - A new article has been published on Bayport International Holdings, Inc. (OTC Pink: BAYP). Bayport operates as a holding company that focuses primarily on acquiring and developing cannabis technology assets and platforms.
The article discusses the projected outlook of cannabis sales, as California, Maine, and Massachusetts prepare to begin recreational use in 2018. While many investors may instantly gravitate to cannabis growing companies, there is another area of the emerging industry that can't be ignored: cannabis technology.
Cannabis technology is a wide-ranging concept that includes everything from hydroponics, lighting, and cultivation technology to digital platforms, services, and law enforcement equipment, such as cannabis breathalyzers.
Innovations within cannabis tech will allow producers to stay ahead of competitors that do not utilize the top technology available. This will also allow companies help stand out in an increasingly crowded market. The long-term industry leaders will no doubt be companies that heavily relied on emerging technology in order to distinguish themselves apart from the pack.
As sales estimates are showing major growth, cannabis tech companies will continue to be beneficiaries. According to New Frontier Data and Viridian Capital Advisors, legal sales of cannabis are estimated to reach $24.1 billion in 2025, compared to $6.6 billion in 2016.
Bayport International is expanding its cannabis tech holdings with plans to build another platform that can serve as a complement to its successfully completed site, Weedwiser. The company plans on creating an ecosystem of cannabis technology platforms that can offer a wide range of capabilities and services.
On Nov. 14th, Bayport International announced that it has entered into a strategic partnership with GreenLink Financial, LLC, a specialty financial company that focuses on serving businesses that are highly regulated. Through the partnership, Bayport International will seamlessly integrate GreenLink Financial's suite of financial services across its platform ecosystem, and will be offered to its client base.
Bayport International continues to focus on developing its ecosystem of cannabis technology platforms. Weedwiser remains the flagship platform, but the company will continue to develop additional platforms in order to capture various other aspects of the cannabis tech market. The landmark strategic partnership with GreenLink Financial further legitimizes Bayport International's growth plan and vision to be a cannabis technology leader.
For more information on Bayport International Holdings, Inc., please visit http://bayportholdings.comand http://www.weedwiser.com or http://spotlightgrowth.com/index.php/2017/11/16/3-stocks-benefit-expanding-cannabis-industry/
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