Cannabis stocks have been on the rise this year ranking among the best portfolios so far. This comes as Canada legalized the use of recreational marijuanawhile more states within the U.S are following the same path. Grow Tech Labs, a subsidiary of the Victory Square Technologies that was formed to accelerate the innovations within the Cannabis industry, recently collaborated with Launch Academy enhance efficiency.

Victory Square Technologies CEO, Shafin Tejani, said that this move shows Vancouver is indeed a tech & marijuana innovation hub on the rise. He added that the city’s competitive edge in marijuana development & innovations has placed Vancouver on the map of leading Cannabis producing centers. Tejani also said that the collaboration by Grow Tech Labs & Launch Academy will leverage the resources within an acceleration program started by Victory Square Technologies. The CEO expressed Victory Square’s optimism in this venture;

“Victory Square is incredibly excited to add exposure to the growing cannabis sector for our shareholders to partake in its incredible growth. These new opportunities will continue to focus on being on the cutting-edge of innovation.”

The move to join forces with Launch Academy will establish a platform for Grow Tech Labs to attract investors & entrepreneurs interested in the Cannabis industry developments. Vancouver as city might largely benefit from the large number of world-wide Cannabis opportunists & enthusiast that visit to use the facilities offered by Grow Tech Labs. In addition, the International market will appreciate the efforts by British Columbia to leverage marijuana for medicinal purposes.

Launch Academy founder & CEO, Ray Walia, said that they are delighted to be working with a new generation with a goal of innovations in the prospectus Cannabis sector. He added that;

“GTL’s cannabis accelerator is a perfect fit with our philosophy of execution and traction, and I’m looking forward to working with Barinder and helping to guide innovation in this area.”

According to the GTL CEO, Barinder Rasode, the firm will utilize expertize by Launch Academy to drive the innovations, investments & development within Vancouver’s Cannabis industry. He further said that the location of Launch Academy gives access to a vibrant tech ecosystem as it is located in downtown Vancouver. The CEOs sentiments signaled a positive approach to this partnership given the target market is global & highly potential.