Cannabis is America’s fastest-growing industry, predicted by Forbes to grow as much as 700 percent by the year 2020. Canada-based Algae Dynamics Corp. (OTCQB: ADYNF) is working to exploit a niche market in Canada’s cannabis space as the Canadian government works to implement blanket legalization of marijuana by 2018. As noted in a recent NNW article:
“Algae Dynamics is focused on the extraction of oils from hemp, cannabis and algae for use in unique health products and pharmaceuticals. The company has already engaged two highly respected universities to provide research into the various uses of cannabis and hemp oil extracts, which, in combination with other compounds, may prove effective in treating cancers of the colon-rectum, pancreas, breast and prostate, as well as for the development of novel pharmacotherapies for various mental health maladies. With medical marijuana already legal in Canada, Algae Dynamics is carving out a lucrative niche in an explosive market and is positioned to succeed. However, the legalization of recreational marijuana could propel the company far beyond what one would normally expect.”
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About Algae Dynamics Corp.
ADC is engaged in the development of unique health products and pharmaceuticals that utilize hemp, cannabis and algae oils. We have engaged two Canadian universities to provide research into the use of extracts from cannabis oil, which we plan to use to develop products that combine the significant health benefits of Omega-3s derived from algae oil and extracts from cannabis oil. Our research is focused on the use of cannabis oil in the context of cancer, and the use of cannabis derivatives for the development of novel pharmacotherapies for mental health. For more information, visit http://www.algaedynamics.com.
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