DENVER, Jan. 17, 2018 (GLOBE NEWSWIRE) -- DENVER, January. 17, 2018 -- Arcis Resources Corporation (OTC Pink: ARCS) (“Arcis” or the “Company”) is excited to announce that the Company has begun to actively commit resources and operational strategy toward exploiting what management believes could be a defining opportunity for the Company in the months and quarters ahead: an expansion strategy targeting acquisition opportunities in the Latin American cannabis market.
According to a study by the Brightfield Group, a cannabis market research firm, the global legal marijuana market will reach $31.4 billion by 2021. However, recent analysis suggests that, while much has been made of the US and Canadian cannabis boom, competition has developed rapidly in those markets over the past year, reducing the potential return on new capital investment. In addition, rising uncertainty about the US Federal marijuana legislative agenda could confer a premium onto companies with international exposure. Perhaps driven by these themes, the study goes on to point out that US share of the global cannabis market is expected to drop from 90% to 57% over the next 3 years as international markets rapidly gain significance.
The Company believes the next great frontier for growth and opportunity in the space is in Latin America, where changing political tides are opening a thriving market.
As an example of the shifting legislative landscape, in recent months, Uruguay, Paraguay, and Colombia have all taken direct steps to facilitate favorable market conditions for cannabis, with Paraguay’s move to legalize planting of medical marijuana in December 2017 as the most recent key move. Management believes this pattern represents a trend with many more steps yet to follow, creating a tremendous market opportunity for those able to secure critical market share in the early innings.
The company will also be able to widen its marketing footprint and drive further sales growth through this expansion and penetration strategy by facilitating new traffic in its online storefront at https://vapeoutlet.co/. Due to periodic turmoil in local currency markets in Latin America, many consumers in the region are more receptive to conducting commerce in Bitcoin transactions, which presents the Company with another advantage, given that it is fully enabled to accept payment in Bitcoins already.
About Arcis Resources
Arcis Resources Corporation, by and through its wholly owned subsidiaries, is engaged in the development and sale of premium portable & desktop vaporizers, E-juice, oils & accessories, and wearables.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. Some of these factors include the ability of the company to raise sufficient capital, attract qualified management, attract new customers and effectively compete against similar companies.
SOURCE Arcis Resources Corporation