NEW YORK, Oct. 04, 2022 (GLOBE NEWSWIRE) — KoreConX and Cannabis Wiki are now working closely together to support the growth of the cannabis sector. Through RegA+ or RegCF, these companies can raise up to $75 million and $5 million, respectively, every 12 months. Cannabis Wiki and KoreConX will launch a series of content products to educate these entrepreneurs.
The cannabis sector has grown steadily in recent years. According to the Grand View Research Institute, the market size has been estimated at US$13.2 billion in 2021 and US$16.7 billion in 2022, with a revenue forecast of US$102.2 billion for 2030, representing a compound annual growth rate ( CAGR) of 25.5% would correspond to 2022 to 2030.
Derrick Berney, CEO and co-founder of Cannabis Wiki, is excited about the growth of this partnership: “Nobody does what KoreConX does. Your materials, blogs, podcasts are really changing the way startups raise capital and the cannabis sector needs it. We believe that with their expertise and years of service to the industry we can have a major impact on the entire ecosystem, create new jobs, increase revenue and do everything compliant.” Cannabis Wiki currently has over 2 million page views/month.
A number of studies show that cannabis derivatives have been used successfully to treat patients suffering from chronic pain, chemotherapy-induced nausea and several neurological disorders. Canada and more than two-thirds of US states have also legalized its recreational use.
Oscar Jofre, CEO and co-founder of KoreConX, is excited to launch this new partnership. “Cannabis companies need to raise money, and there is plenty of it, from both accredited and non-accredited investors. We can help educate these companies and they can reach their audiences, their brand advocates, and convert them into shareholders easily.”
Founded in 2016, KoreConX offers the first secure all-in-one platform that manages capital markets activities and communication with stakeholders of private companies. With an innovative approach to ensuring compliance with securities regulations and corporate law, KoreConX offers a single environment to connect companies, capital markets and secondary markets. Investors, broker dealers, law firms, accountants and investor acquisition firms all use our ecosystem solution. For investor relations and fundraising, the platform enables private companies to share and manage corporate records and investments: it assists with portfolio management, capitalization table and shareholder management, virtual minute book, securities registration, transfer agent services and virtual trading rooms for fundraising.
Image 1: Cannabis Wiki
This content was distributed via Newswire.com’s press release distribution service.