DUBLIN–(BUSINESS WIRE)–The “Switzerland
Lawnmowers Market – Opportunity and Growth Assessment 2019-2024”
report has been added to ResearchAndMarkets.com’s
The lawnmowers market in Switzerland is likely to reach over $300
million, registering an absolute growth rate of around 34% in 2018-2024.
The rapid expansion of the residential and construction sectors, the
growing popularity of backyard and gardening beautification, and
well-maintained yards are expected to lead to the market during the
forecast period. With this report, customers can discover the latest
market dynamics and identify sources of potential market growth for the
lawn mowers market in Switzerland.
The lawnmowers market in Switzerland is driven by factors such as
growing interests in backyard beautification, introduction of models
with ease of usage, and increased adoption of robotic models with
connectivity and smart features such as lawn mapping and navigation. The
report provides an in-depth market and segmental analysis of the lawn
mower market by products, end-users, distribution channels, and fuel
Key Highlights of the Report
The walk-behind segment was the major revenue contributor to the lawn
mowers market in Switzerland in 2018.
The self-propelled lawn mowers segment occupies the highest share of
over 40% in the walk-behind category.
The residential user segment is growing and occupies major shares in
the end-user segment.
The robotic lawn mowers segment witnessed an exponential growth rate
of over 10% in 2018.
Battery-powered lawn mowers offer approximately 99% less methane
emissions and 38% low carbon emissions than conventional mowers.
The study considers the present scenario of the lawnmower market and its
market dynamics for the period 2019-2024. The report covers a detailed
overview of various market growth enablers, restraints, and trends. The
study covers both the demand and supply aspect of the market. It also
offers vendor share of leading companies operating in the market.
- Detailed analysis of garden tools and equipment for specific country
- Current opportunity and future potential identification
- 15 minutes read-to-know in-depth market opportunities
- First of its kind presentation-ready product
- Data on 25 countries readily available
A detailed study of the existing market landscape, an in-depth
industry analysis, and insightful predictions about the size of the
lawnmowers market in Switzerland for the current and forecast period
Classification of the lawnmowers market into multiple segments and
sub-segments and the analysis of each segment’s market sizing and
A comprehensive analysis of the latest market trends, potential
opportunities, and growth restraints, and future market prospects for
the lawnmowers industry in Switzerland
An assessment of the competitive landscape and market share listing of
major and emerging vendors
A transparent market research methodology and the analysis of the
demand and supply aspect of the market
The report provides an elaborative analysis of the lawnmowers market in
Switzerland and its segments, including product, fuel, and end-user
types. It discusses different segments of lawnmowers to derive specific
market estimations. The segmentation includes:
Market Segmentation by Products
- Walk-behind Lawnmowers
- Self-propelled Mower
- Push Mower
- Hover Mower
- Reel/Cylinder Mower
- Ride-on Mower
- Standard Ride-on Mower
- Zero-turn Lawn Mower
- Lawn Tractors
- Garden Tractors
- Robotic Lawn Mower
Market Segmentation by End-users
- Residential Users
- Professional Landscaping Services
- Golf Courses
- Government & Others
Market by Fuel Type
- Gas-powered Lawnmowers
- Electric-powered Lawnmowers
- Manual-powered Lawnmowers
- Propane-powered Lawnmowers
Market by Distribution Channels
- Dealers & Distributors
- Mass Market Players
- Specialty Stores
- Deere & Co.
- Honda Power Equipment
- Robert Bosch
- The Toro Company
- Ariens Company
- MTD Products
- Briggs & Stratton
- Snow Joe
- Hustler Turf Equipment
- Makita Corporation
- Yard Force
- SCAG Power Equipment
- Schiller Grounds Care
For more information about this report visit https://www.researchandmarkets.com/r/av7hm2
Laura Wood, Senior Press Manager
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
For GMT Office Hours Call +353-1-416-8900
Supplies and Equipment
Village Farms Opts to Receive $5.94 Million Cash Refund from Pure Sunfarms
Village Farms International, Inc. (“Village Farms“) (TSX: VFF; Nasdaq: VFF) today announced that it has opted to receive a $5.94 million cash refund from Pure Sunfarms Corp. (“Pure Sunfarms“) relating to an additional equity contribution that Village Farms made to Pure Sunfarms on November 19, 2019 (the “VF Additional Equity Contribution“).
As previously disclosed by Emerald Health Therapeutics, Inc. (“Emerald“), it has been disputing Village Farms’ ability to make the VF Additional Equity Contribution of $5.94 million, as well as the cancellation of 5,940,000 common shares of Pure Sunfarms placed in escrow pending payment by Emerald of its related $5.94 million equity contribution, following its failure to make its required equity contribution to Pure Sunfarms on November 1, 2019. In an effort to narrow the issues in dispute and accelerate the resolution of this shareholder dispute, Village Farms decided to unwind the VF Additional Equity Contribution, which has now been completed, with Pure Sunfarms providing Village Farms with the $5.94 million cash refund. The $5.94 million cash refund to Village Farms also eliminates the costs and delays involved in obtaining an independent appraisal of Pure Sunfarms that resulted from the VF Additional Equity Contribution.
Village Farms continues to seek the cancellation of 5,940,000 common shares of Pure Sunfarms that were placed in escrow pending payment by Emerald of its related equity contribution (the “Emerald Share Cancellation“), which was not made as required. It is Village Farms’ position that the Emerald Share Cancellation is expressly provided for in the applicable legal agreements.
“Due to the arbitration process related to the Emerald Share Cancellation taking significantly longer than originally anticipated, and with the resulting number of incremental shares for our $5.94 million equity contribution unknown, we decided to reduce the number of items in dispute in an effort to bring the matter to resolution sooner for Village Farms and its shareholders,” said Michael DeGiglio, CEO, Village Farms. “In addition, as a result of the $5.94 million cash refund to Village Farms, we anticipate that Pure Sunfarms may call for additional equity contributions by each of Village Farms and Emerald.”
If Village Farms is successful in the arbitration and Emerald’s escrowed shares are cancelled, Village Farms would own 53.5% of Pure Sunfarms and Emerald would own 46.5% effective as of November 19, 2019. Village Farms expects a decision from the arbitration panel during the second half of 2020.
Certain statements contained in this press release constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements may relate to Village Farms’ future outlook or financial position and anticipated events or results and may include statements regarding the financial position, business strategy, budgets, litigation, projected production, projected costs, capital expenditures, financial results, taxes, plans and objectives of or involving Village Farms and Pure Sunfarms. Particularly, statements regarding future results, performance, achievements, prospects or opportunities for Village Farms, Pure Sunfarms, the greenhouse vegetable industry or the cannabis and hemp industries are forward-looking statements. In some cases, forward-looking information can be identified by such terms as “outlook”, “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue”, “likely”, “schedule”, “objectives”, or the negative or grammatical variation thereof or other similar expressions concerning matters that are not historical facts.
Although the forward-looking statements contained in this press release are based upon assumptions that management believes are reasonable based on information currently available to management, there can be no assurance that actual results or events will be consistent with these forward-looking statements. Forward-looking statements necessarily involve known and unknown risks and uncertainties, many of which are beyond Village Farms’ control, that may cause Village Farms’ or the industry’s actual results, performance, achievements, prospects and opportunities in future periods to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the factors contained in Village Farms’ filings with U.S. and Canadian securities regulators, including as detailed in Village Farms’ annual information form and management’s discussion and analysis for the year-ended December 31, 2018 and for the three and nine-month periods ended September 30, 2019.
When relying on forward-looking statements to make decisions, Village Farms cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future results, events, performance, achievements, prospects and opportunities. The forward-looking statements made in this press release only relate to events or information as of the date on which the statements are made in this press release. Except as required by law, Village Farms undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Village Farms International, Inc.
Canada House Wellness Group Announces Results of Annual General Meeting and Issuance of Stock Options
Canada House Wellness Group Inc. (CSE: CHV) (“Canada House” or the “Company“) is pleased to announce the results of the company’s Annual General Meeting of shareholders that was held in Fredericton, New Brunswick on Thursday, December 19, 2019, where two business items were presented and approved by the shareholders in attendance.
The Directors of the Company that were nominated at the meeting – Norman Betts, Chris Churchill-Smith, Shawn Graham, Gaetan Lussier, and Dennis Moir – were elected to hold office until the next Annual General Meeting of Shareholders, or until their successors are elected or appointed.
In addition, Ernst & Young LLP were appointed as auditors of the Company for the following year and the Directors were authorized to fix their remuneration.
The business summary presented at the Annual General Meeting is available on the Investor Centre section of Canada House’s website at https://canadahouse.ca.
The Company is also pleased to announce the immediate granting of 500,000 stock options to senior employees and advisors at an exercise price of $0.05 and with a term of 5-years. The grant was made in accordance with the Company’s stock option plan and the policies of the Canadian Securities Exchange.
SOURCE Canada House Wellness Group Inc.
Canopy Growth Revises Beverage Launch Timeline
Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED), (NYSE: CGC) submitted its final documentation for its beverage facility to Health Canada in late June 2019 and subsequently received the licence in late November 2019. In the seven weeks since receiving the licence, the Company has made meaningful progress towards scaling the production process for its cannabis beverages from lab scale to commercial scale.
Management remains very confident in the underlying beverage science and in its ability to scale production and deliver high quality, differentiated cannabis beverages to the market. However, the scaling process is not complete, and the Company is extending its to-market date while the internal teams complete the final steps.
“Canopy has had seven weeks to work with THC in the brand new beverage facility to scale processes and IP it has developed in the R&D environment,” said David Klein, CEO, Canopy Growth. “In order to deliver products that meet our customer’s high standards we are electing to revise the launch date while we work through the final details.”
Cannabis beverages have disruptive power and in time, may introduce new consumers to the cannabis category. Canopy does not believe this delay will have a material impact on its FY20 revenue.
The Company intends to provide an update with the release of its Q3 FY20 financial results.
Here’s to Future (Cannabis Category) Growth.
SOURCE Canopy Growth Corporation
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