FinancialBuzz.com’s latest Exclusive Interview with CEO Charles Reagan of Nerds on Site Live from NASDAQ Marketsite
Exclusive Interview with CEO Charlie Regan of Nerds on Site Inc. Live from the NASDAQ MarketSite
Nerds on Site Inc. (CSE: NERD) (OTCQB: NOSUF), a company founded in 1995, specializes in providing cost effective, leading edge solutions to Small and Medium sized Enterprise (SME), serving as the complete SME IT solution specialists. Nerds on Site was established in London, Ontario with current annual revenues of approximately $10,000,000. The company services over 12,000 clients per year with a superb 96.5% customer satisfaction rating. NOS’s business model is based on Nerds sub contracts in Canada and a Franchise model for USA expansion. NOS was hand-picked by Apple Inc. in 2016 to become its mobile enterprise partner, pilot project is ongoing.
Back in 1995 John and David were working at Future Shop – a Canadian big-box store for consumer electronics – and I was buying my computers from David who was on the sales floor. John was in the back fixing computers. At the time it was common practice for people to unplug, bundle up and cart their computers into a place like Future Shop to be repaired. One day David mentioned that he and John were thinking of starting a company. These two young chaps figured it would make much more sense to bring the repair to the Client. And they had a great name to boot! And so was born the Nerds On Site (NOS) enterprise. It was in 2001 that Charlie Regan joined as CEO and began the process of building the company out from the London ON region to across the country – from St John’s NL to Victoria BC.
Following the recent spur of vocal movements leading to the legalization of cannabis, an increase in consumers using cannabis, or products deriving from the plant, has been widely reported. In 2017, a report by the United Nations estimated that nearly 238 million people had used cannabis, as the North American segment alone accounted for 22% of those users. Primarily, the North American segment dominates the global cannabis market because the U.S. is the biggest revenue driver for the market. Yet, the U.S. still has not federally legalized cannabis. Currently, only 33 states and the District of Columbia have legalized cannabis in some form. Canadaalso represents a major cannabis marketplace after the country passed legislation in late 2018 to legalize cannabis entirely. Several other nations have also moved to legalize cannabis for medical use, meanwhile, some have also decriminalized the plant, allowing for personal consumption in moderate amounts. Countries such as Australia, Argentina, Columbia, Chile, Germany, the Netherlands, and Spain have all implemented cannabis legislation. Now, as more countries begin to explore opportunities within the cannabis market, others may be influenced to do so as well. The cannabis industry still remains heavily restricted under international cannabis regulations, but the growing advocacy is overpowering and leading to an explosive global market. According to Verified Market Intelligence, the global cannabis market was valued at USD 42.2 Billion in 2017. By 2025, the market is projected to reach USD 466.81 Billion while growing at a CAGR of 35.3% during the forecast period from 2018 to 2025.
Cannabis legalization continues to grow in popularity every single year. In 2018, 62% of Americans advocated for the legalization of cannabis, compared to approximately 30% in the early 2000s. Nowadays, many are supporting the use of medical cannabis due to the various health benefits cannabis is associated with. Notably, researches have concluded that cannabis can aid people suffering from medical conditions such as cancer, chronic pain, arthritis, Alzheimer’s, Parkinson’s, and epilepsy. By application, the medical segment controls approximately 67.2% of the global market share but the recreational market is expected to prevail in the future, due to U.S. states like California, Colorado, and Nevada. Specifically, California, Colorado, and Nevada all deliver over billions of dollars in revenue combined. Via Forbes, Scott Greiper, the President of Viridian Capital Advisors, said that the pace of legalization is accelerating around the world, not just in the U.S., and for both medical and recreational marijuana. Greiper highlights that the biggest drivers for creating a large consumer market are the lifting of the stigma of marijuana; globalization; more advanced technology for agriculture, genetics, biotechnology, and the extraction business coming into a mom-and-pop industry. “This is a very dynamic marketplace for investors and acquirers,” said Greiper. “This is driving companies to become more efficient and more profitable operators.”
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