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Home 🌿 Marijuana Business News 🌿 Signal Bay: Leveraging Experts to Build a Conglomerate 🌿

Signal Bay: Leveraging Experts to Build a Conglomerate

Submitted by Marijuana News on Thu, 08/06/2015 - 10:46

Aug 05, 2015 (ACCESSWIRE via COMTEX) -- SEATTLE, WA / ACCESSWIRE / August 5, 2015 / The U.S. cannabis industry could reach $35 billion in size by 2020, according to GreenWave Advisors, if all 50 states legalize the substance and the federal government ends prohibition. Within the rapidly growing industry, investors have a number of different options when deploying capital, ranging from hands-on plays like Latteno Food Corp.'s LATF, +0.00% stake in Los Angeles dispensaries to hands-off plays like CannLabs Inc.'s CANL, -0.01% testing facilities.

Signal Bay Inc. SGBY, +25.00% has taken an innovative approach to building a cannabis conglomerate. After getting its start in consulting, the company launched a platform designed to connect expert consultants to cannabis companies in much the same way that Upwork connects freelancers. Management is now leveraging the connections made through this platform to springboard itself into lucrative subsets of the cannabis industry, like testing....

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URL: 
http://www.marketwatch.com/story/signal-bay-leveraging-experts-to-build-a-conglomerate-2015-08-05

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