Cannabis’s exponential growth appears to be unstoppable, as the emerging industry continues to see strong sales growth and widespread support for recreational legalization. Once the federal government takes cannabis off Schedule I or even legalizes it for recreational use, the U.S. cannabis industry will explode to the likes of the alcohol industry shortly after prohibition was repealed.
According to Statista, the combined U.S. recreational and medical cannabis markets are forecast to grow from $6.7 billion in 2017 to $37.3 billion in 2024. While most consumers, cannabis enthusiasts, and entrepreneurs are trying to cash in on the legalization of the physical plant, cannabis technology stands to be the major winner over the long-term.
Source: Statista 1
From lab testing to digital media content, cannabis technology offers a wide array of application possibilities. Even cannabis growers and cultivators will need cannabis technology in order to stay ahead of the competition. Technology is a major driving force of growth across all industries and businesses and cannabis is no different.
One cannabis technology company that stands to be a leader within the emerging industry is Bayport International Holdings, Inc. (OTC Pink: BAYP).
Overview: Bayport International Holdings, Inc. (OTC Pink: BAYP):
Bayport International Holdings, Inc. (OTC Pink: BAYP) operates as a diversified holding company, which primarily focuses on oil & gas, precious metals, and cannabis technology. For most of its existence, the company has primarily focused on oil & gas and precious metals. However, with oil & gas prices under pressure over the last several years, the company decided in late 2016 to shift its focus primarily to the red-hot cannabis technology industry.
Bayport International Holdings, Inc. (OTC Pink: BAYP)’s main cannabis technology holding is Weedwiser.com, which is a national cannabis business directory and digital community. Rather than only having only cannabis deliveries and dispensaries within the directory, Weedwiser will also feature cultivation companies and other cannabis vendors. Furthermore, Weedwiser offers cannabis-related articles, content, events, and job listings to further educate and keep the cannabis community up to date on the latest information.
In a sense, Weedwiser will be a more expansive and diverse version of WeedMaps, which is a popular cannabis delivery and dispensary directory. WeedMaps’s focus is primarily on cannabis consumers, rather than consumers and entrepreneurs. Ultimately, Weedwiser takes a more in-depth approach than WeedMaps to appeal to a wider range of cannabis enthusiasts. Weedwiser is currently in “beta” and will continue to be further developed.
BAYP: Recent Major Corporate Updates
It has been a busy September for Bayport International Holdings, Inc. (OTC Pink: BAYP), as the company looks to ramp up operations and expand its holdings into other cannabis technology assets.
On September 20, 2017, the company announced that it had appointed Paul Strickland to the company’s Board of Directors. Mr. Strickland has over 20 years of international and domestic business experience in finance, private equity, venture capital, agriculture, manufacturing, technology, and more.
“I’m happy to be joining the Bayport Board and believe the Company’s platform has significant upside potential,” states Mr. Strickland. “The Company has developed tools for the cannabis sector that fulfill unmet demands in the market.” Mr. Strickland will specifically be assisting Bayport International Holdings, Inc. (OTC Pink: BAYP) in acquisitions and growth expansion.
On September 27, 2017, Bayport International Holdings, Inc. (OTC Pink: BAYP) announced that it is actively searching for acquisition targets within the cannabis technology industry. Furthermore, the company says that it is currently in the process of evaluating multiple acquisition opportunities. We expect further information to follow in the coming months.
Through further expansion of Weedwiser and acquisition of other cannabis technology assets, Bayport International Holdings, Inc. (OTC Pink: BAYP) is gearing up to be a powerhouse within the cannabis tech market.
BAYP: Financial and Industry Analysis
Bayport International Holdings, Inc. (OTC Pink: BAYP) has an undervalued market cap of $175,366, as of September 2017. Furthermore, the diversified holding company maintains a share structure consisting of 5.5 billion shares authorized, 1.75 billion shares outstanding, and a float consisting of 1.57 billion shares, as of September 2016. During the second quarter 2017, Bayport International Holdings, Inc. (OTC Pink: BAYP) reported total revenue of $4,874, net loss of $242, total assets of $388,229 and total liabilities of $186,773. Earnings on a six-month basis totaled up to $14,082 in total revenue and net loss of $53,817.
The diversified holding company continues to shift its focus from oil & gas to cannabis, through its development of Weedwiser. The digital cannabis platform will serve as starting point for a variety of other cannabis-related spin-offs. Furthermore, Bayport International Holdings, Inc. (OTC Pink: BAYP) is currently seeking out and evaluating cannabis technology acquisition opportunities. As the company expands its operations and assets within the cannabis technology industry, the company stands to be a leader in the budding industry.
Here are five other companies that have similar operations to Bayport International Holdings, Inc. (OTC Pink: BAYP) and could help provide a fair value for the company:
CannaSys, Inc. (OTC Pink: MJTK) is a provider of marketing & branding and technology services for the cannabis industry. The company’s CannaLIMS is a software-based lab information management system. CannaSys, Inc. has a market cap of $1.55 million, as of September 2017. Furthermore, the company maintains a share structure consisting of 2 billion shares authorized, 1.55 billion shares outstanding, and a float consisting of 896.64 million. During the second quarter 2017, CannaSys, Inc. reported, no revenue, net loss of $453,000, total assets of $186 and total liabilities of $763.
Bang Holdings Corp. (OTC Pink: BXNG) is a holding company that invests and acquires companies within the cannabis industry that do not actually touch the plant. Currently, the company provides digital cannabis content and influencer marketing for the marijuana industry. Bang Holdings Corp. has a market cap value of $10.3 million shares, as of September 2017. Furthermore, the company maintains a share structure consisting of 500 million authorized shares, 21.98 million shares outstanding, and a float consisting of 2.17 million shares. During the second quarter 2017, Bang Holdings Corp. reported total revenue of $37,000, net loss of $263,000, total assets of $59,000, and total liabilities of $1.2 million.
CrowdGather, Inc. (OTC Pink: CRWG) is engaged as a media holding company that primarily focuses on digital content featuring cannabis and alternative lifestyles. The digital media company has a market cap of $1.02 million, as of September 2017. Furthermore, CrowdGather, Inc. has a share structure of unlimited authorized shares, and 120.04 million shares outstanding, as of April 2017. During latest fiscal quarter ending on April 30, 2017, CrowdGather, Inc. reported total revenue of $63,000, net loss of $247,000, total assets of $3.3 million and total liabilities of $3.07 million.
MassRoots, Inc. (OTCQB: MSRT) operates a cannabis social media technology platform, which has over a million registered users. The cannabis media company has a market cap value of $36.44 million, as of September 2017. Furthermore, the company maintains a share structure consisting of 200 million authorized shares, 104.11 million outstanding shares, and a float consisting of 58.4 million shares, as of August 2017. During the second quarter 2017, MassRoots, Inc. reported total revenue of $142,000, net loss of $11.63 million, total assets of $3.26 million, and total liabilities of $697,000.
Freedom Leaf, Inc. (OTCQB: FRLF) aims to serve as the “go-to” resource for the recreational & medical cannabis and industrial hemp industries. In addition to providing news and diverse cannabis media, Freedom Leaf, Inc. provides consulting, incubation/acceleration services, and more. As of September 2017, Freedom Leaf, Inc. has a market cap value of $4.54 million. Furthermore, the company maintains a share structure consisting of 500 million shares authorized, 110.28 million shares outstanding, and a float consisting of 15.55 million shares, as of July 2017. During the first quarter 2017, Freedom Leaf, Inc. reported total revenue of $254,000, net loss of $27,000, total assets of $652,000, and total liabilities of $558,000.
Overall, Bayport International Holdings, Inc. (OTC Pink: BAYP) is undervalued based on total assets, revenue generation, and relative to peer valuation. While the company’s revenue may not be “eye-popping,” CannaSys, Inc. has no revenue and no assets yet it commands a $1.55 million market cap. This shows that CannaSys, Inc. shares are very overvalued, and Bayport International Holdings, Inc. (OTC Pink: BAYP) is widely over-looked. As additional acquisition targets are evaluated and taken over, Bayport International Holdings, Inc. (OTC Pink: FTWS) will continue to add to its operations and supercharge its revenue generation. The company is well positioned to be a powerhouse within the cannabis technology industry.
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