- Recent report projects global cannabis market to reach $444.34 billion by 2030
- MedCana and its subsidiaries are focused on establishing stronghold in this expanding space
- MedCana is committed to advancing cannabis production and agricultural technology around the world, while also driving innovation and promoting sustainability
The cannabis industry continues to grow, as it has consistently for the past several years. Recent projections value the global cannabis market at almost $445 billion by 2030 (https://nnw.fm/HYVNB). This is good news for Software Effective Solutions (d/b/a MedCana) (OTC: SFWJ), a leading entity in the cannabis and agricultural technology sectors. Recently, MedCana noted remarkable advancements across its diverse portfolio, which includes five companies focused on pharmaceutical cannabis production, as well as a software company focused on managing processes for plant-to-patient operations (https://nnw.fm/zzS19).
“The global cannabis market size is projected to grow from $57.18 billion in 2023 to $444.34 billion by 2030, at a CAGR of 34.03% during the forecast period,” reported Fortune Business Insights, which noted that cannabis has been used for thousands of years for its therapeutic and medicinal benefits. “Marijuana legalization is gaining momentum across the globe. This momentum is driven primarily by increasing recognition that the product may have a range of legitimate medicinal benefits and therapeutic applications. It is the most widely cultivated, trafficked and consumed drug worldwide.”
MedCana is focused on positioning itself in this expanding space. The company reports that its subsidiaries are seeing significant success in different parts of the world. Several business units are currently in the final stages of negotiations to determine specific varietals to export to Europe and Australia; both countries are expected to see significant growth in their cannabis markets in coming years. In addition, the company’s South American subsidiary, Eko2o Environmental Solutions S.A.S., is rapidly expanding its reach within the agricultural industry, specifically eyeing growth in the Costa Rica and Central American markets (https://nnw.fm/xcW6r).
Clearly, MedCana is poised for growth and profitability. The company’s deliberate decision to focus on cannabis production is bearing fruit, with operations working to meet the stringent quality and regulatory standards of the European and Australian markets. When these standards are met, the resulting expansion is expected to significantly boost MedCana’s international presence and open new avenues for growth.
“We are delighted with the progress we’ve made across all fronts,” said MedCana CEO Jose Gabriel Diaz. “The final negotiations for cannabis exportation and the rapid expansion of Eko2o’s technology distribution mark a significant milestone in our journey. We are now closer than ever to achieving profitability and solidifying our position as industry leaders.”
MedCana is committed to advancing cannabis production and agricultural technology around the world, while also driving innovation and promoting sustainability. As the company moves forward with its strategic growth plans, stakeholders can expect to see enhanced profitability and a stronger global presence.
Software Effective Solutions/MedCana is a holding company focused on developing companies in the agricultural technology and cannabis industries. The company remains dedicated to delivering on its promise of building a solid foundation for future growth of its holdings.
For more information, visit the company’s website at www.MedCana.net.
NOTE TO INVESTORS: The latest news and updates relating to SFWJ are available in the company’s newsroom at https://nnw.fm/SFWJ
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