BLUE DIAMOND VENTU COM STK NPV (OTCMKTS:BLDV) has teamed up with Alternative Medical Solution Canada as it looks to expand its footprint in the Canadian cannabis market. The two companies have signed a joint development agreement that allows them to import and export cannabis products to and from Canada.
Blue Diamond –AMS Joint Venture
Canada will be the headquarters for the joint venture as the two companies focus their energy on utilizing Israeli Cannabis products and technology.
“We are excited to launch this effort with BLDV. With the specialized products and technologies coming into Canada from Israel, and access to global markets with our finished products, we see this as a separate profit center that could even outgrow our efforts in cultivation ,” said Joseph Groleau, VP Business Development for AMS.
Blue Diamond Ventures has been working with AMS as they look to finalize funding for a new 50,000sq foot marijuana planting facility.
The signing of the agreement comes on the expansion of the legal marijuana market in North America, which is already fuelling strong demand for cannabis products. Buoyed by recent developments, Alternative Medical Solutions has filed for a license which, if issued, will allow it to grow and sell medicinal cannabis products.
Blue Diamond Ventures CEO, Joshua B Alper remains confident of AMS becoming a global brand on the issuance of a licensing agreement. The license is expected to make the company’s products available on the global markets at the back of state of the art technology, which should make it a leader in the Canadian market.
Blue Diamond Diversified Investments
Blue Diamond Ventures betting big on AMS does not come as a surprise given that the holding company has become an opportunity seeker in emerging areas of growth. The Colorado-based company has been on an aggressive investment spree eyeing businesses with prospects of robust growth.
The company currently runs Blue Diamond Consulting LLC and Michigan Plant Technologies both of which specialize in the sale and distribution of products in renewable energies as well as green agriculture. The two companies also provide the holding company with exposure to the fast growing cannabis market that is poised to be a multi-billion industry by 2020.
KICKIN GRASS LLP is another company that Blue Diamond Ventures acquired in 2015 that provides it with exposure to the buying, selling and leasing of real estate in Utah. Given the kind of diversified investments that the company has made over the past three years, it remains on course to generate a significant amount of revenues, which should lead to more shareholder value.
Blue Diamond Ventures was down by 27.78% in Monday trading session closing the day at lows of $0.00195 a share.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.