Ever since Gankit.com changed its name to Nhale Inc (OTCMKTS:NHLE), the company is making some strides in the market. At the time of name-change, the company insisted that it aimed to exploit the opportunities in the cannabis market.

In a recent press release, Nhale revealed a new impetus for acquisition. The firm wants to be in a good position to take advantage of the growing marijuana market. The plans come on the back of capital acquisition from a private investment group based in Toronto.

According to the firm, the current surge in the cannabis market is likely to carry on into the next three years. As such, they would like to exploit this growth and grow alongside the market. The firm is confident that more governments will soften their stances regarding the use of marijuana. As such, the market is likely to swell even further and perhaps into the next decade.

Lance Williams, President and CEO of Nhale believes that with the right skills, they might survive the highly regulated market. In particular, the American cannabis market has huge potential. However, only a handful of states allow controlled use of marijuana products. This makes for a “highly regulated industry where licenses are constantly on the line.”

Skeptical analysts

Nonetheless, Williams insists that his company will leverage the wealth of skill, leadership and resources to beat the challenge. Interestingly, the firm is moving for the “premier mover” position in the coming year. To this end, Nhale will collaborate with startups with already deep roots in the industry.

Further, the firm will use the capital from Four Twenty Investments to acquire established startups. As such, the firm will accelerate its operations in the American marijuana industry.

However, some analysts believe that Nhale might miss the current hype. Some analysts cite the company’s financials which are quite bleak. The analysts believe that the previous good run by Nhale’s stock was a result of the marijuana stock bubble. This bubble gained traction when Canada allowed both medical and recreational use of marijuana.