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LGC Capital Clarifies it is an Investor in the Global Cannabis Market, Excluding the United States
LGC Capital Clarifies it is an Investor in the Global Cannabis Market, Excluding the Unite...
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[{"type":"text","content":"\n\n\n\nLGC Capital Clarifies it is an Investor in the Global Cannabis Market, Excluding the United States\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Jan. 5, 2018\n\n\n\nMONTREAL, Jan. 5, 2018 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) (\"LGC\") wishes to comment on the directive issued yesterday by the United States Justice Department that will allow the enforcement of U.S. federal marijuana laws in those states that have legalized cannabis.\n\n\n \n \n\n \nJohn McMullen, CEO of LGC stated: \"As a Canadian, I have full respect for the United States Government. Yesterday's directive by the U.S. Justice Department will unfold over time. That being said, I wish to remind our shareholders that LGC expressly has no current, nor expects to have, commitments to any cannabis investments in the United States. LGC's portfolio is comprised only of investments in jurisdictions worldwide in which cannabis is or will shortly be legal, excluding the United States.\n\nWe as an executive team and Board realize the future importance of medical cannabis products for the global consumer. Through our investment in Little Green Pharma, we are pleased with the recent decision of the Australian government to consider global export.\n\nLGC also looks forward to the Canadian Government's expansion of its legislative mandate to legalize cannabis further with the approval for recreational consumption. LGC's pending investment in Quebec is both exciting and, we believe, will add to our potential returns.\n\nWe at LGC believe proudly in our direction and will diligently continue forward with our partners in Australia, Canada and Switzerland. Our partners in Southern Africa continue to excel in their goals as well. We recognize the potential for Southern Africa to grow and supply a large percentage of the world's high-quality cannabis demand.\n\nThe global cannabis market is expected to reach at approximately $70 - $75 billion by 2025[1] and there are consumers who demand quality products. We are excited about LGC's potential to deliver to those people.\n\n...