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NEW YORK, NY / ACCESSWIRE / April 18, 2019 / Stock Market Press (SMP) brings attention to the rapidly growing cannabis space. DirectView Holdings, Inc (OTC PINK: DIRV), Aphria Inc. (NYSE: APHA) and HEXO Corp. (NYSE: HEXO) are 3 companies seeing tremendous growth in their respective spaces, both in terms of sales and acquisitions. DirectView Holdings, Inc’s (OTC PINK: DIRV) advantage is their fast deployment cannabis surveillance and security systems. This allows companies like Aphria Inc. (NYSE: APHA) and HEXO Corp. (NYSE: HEXO) to focus on cultivation and production and not worry about security-surveillance.
DirectView Holdings, Inc (OTC: DIRV) just came back from the 2019 Cannabis Conference. Interest in their systems was very high, leading to many follow up requests for their custom tailored cannabis industry solutions. In addition, they filed their 2018 annual financial report. Some highlights below:
* 41% sales growth to a new record of $4.1 million
* 39% growth in product sales to a over $3 million
* 51% growth in services sales to almost $1million
* 27% gross profit growth to a record $1.6 million
* 46% growth in product gross profit nearing the $2 million mark
HEXO Corp. (NYSE:HEXO) just completed their 1st harvest of cannabis plants. A 1 million sq. ft. greenhouse is used for their ‘continuousharvest methodology‘, allowing for 108,000 kg of dried flower each year. In addition, they recently announced acquisition of Newstrike Brands Ltd, allowing for an increase to 150,000 kg annually. Tight security-surveillance is in place. As a result, demand for rapid deployment turnkey systems is at an all time high, perfect for DirectView Holdings, Inc. (OTC:DIRV) that is already familiar with state/municipality regulations and has the equipment to meet them.
With a laser like focus on ‘low-cost production of safe, clean and pure pharmaceutical-grade cannabis at scale’ Aphria Inc. (NYSE:APHA) maintains strict security and surveillance protocols. End to end security is critical to their success and keeping client trust. DirectView Holdings, Inc. (OTC:DIRV) has been providing security and surveillance solutions for decades, for Fortune 100 clients as well as start ups. It is a perfect fit for them to have expanded coverage to the cannabis space, bringing expertise and robust products to satisfy the legal requirements of this exponentially growing industry.
As news release after news release sees multiple companies in acquisition mode (example: HEXO Corp. (NYSE:HEXO)) or fighting off a takeover bid (example: Aphria Inc. (NYSE:APHA)), DirectView Holdings, Inc. (OTC:DIRV) continues to push forward servicing all companies in the cannabis space, benefiting from both startups and established companies’ need for reliable security and surveillance systems.
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