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Orchid Ventures (CSE:ORCD) New Listing

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Orchid is a cannabis product development, branding, and hardware manufacturing company.

Additional Information:

Company: Orchid Ventures
Stock Symbol: CSE:ORCD
Date Published: Mar 19, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Orchid Ventures is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “ORCD”, following a reverse takeover of Earny Resources, which previously traded on the TSX Venture Exchange.

Orchid is a cannabis product development, branding, and hardware manufacturing company.

In August 2017, the company launched a line of proprietary vaporizer products in California and Oregon that quickly rose to be viewed as one of the premium vaporizer products on the market and has established a very loyal consumer base.

Orchid’s vape pens come packaged with an assortment of popular and innovative flavored cannabis extracts.

Orchid’s award-winning premium THC and CBD product lines are sold in almost 300 dispensaries across these two states.

With strategic relationships with cultivators, manufacturers, and distributors, Orchid has established a business model that allows it to expand into other states and countries by licensing the Orchid brand, acquiring cannabis businesses and forming strategic partnerships.

Orchid is developing three cannabis production facilities: a 4,800 square feet production facility located in Clackamas County, Oregon; a 12,200 square feet facility in Costa Mesa, California and a 940 square feet facility in Long Beach, California.

With nearly 40 million residents and more than a million medical cannabis patients, California’s
market represents about a third of the North American cannabis market and is expected to be one of the fastest growing industries in California over the next five years.

Currently, the company is applying for cannabis licenses in California and Oregon so that it may
conduct light manufacturing, manufacturing, processing and wholesale distribution.

If Orchid obtains the licenses, it anticipates increased manufacturing and sales capacity as well as efficiencies and cost reductions in its supply chains in both states.

The shares are trading at $0.35.

For more information, please visit the company’s website www.OrchidEssentials.com, contact Corey Mangold, CEO, at 844-672-4435 or email info@OrchidEssentials.com.

I’m Megan Edwards for Investmentpitch Media