4 Cannabis Stocks That Could Benefit from the Farm Bill
CORAL GABLES, FL / ACCESSWIRE / December 17, 2018 / This month the markets are anticipating a decision on the Farm Bill in the US. Cannabis companies could stand to benefit from the passage of the Farm Bill. A new report published by ResearchAndMarkets shows the North America legal cannabis market value projected to reach around US$ 35 Billion by 2023, expanding at a CAGR of 27.1% during 2018-2023. The firm explains, "Nowadays, cannabis is gaining prominence in North America due to increasing acceptance of the drug for both recreational and medical uses."
Today we are highlighting 4 marijuana stocks to watch as North American markets experience new industry growth.
CLS Holdings USA (CLSH) is a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries. The Company has taken aim at expanding its footprint beyond Nevada and is strategically positioning itself in some of the fastest growing US markets right now.
According to the Nevada Department of Taxation, marijuana flower/bud accounted for roughly 50% of all combined medical and adult-use marijuana purchases by consumers in Nevada, followed by concentrates at about 25% and infused edibles at 13%.
Earlier this morning, CLS Holdings USA (CLSH) provided an update on its recent business initiatives in Nevada and Massachusetts. Jeff Binder, Co-Founder, Chairman and Chief Executive Officer of CLS, stated, "We are pleased to announce all of this progress as we continue down the path of executing our aggressive growth plans. With their previously announced growth opportunities, the just announced Canadian Securities Exchange conditional listing approval and the regulatory landscape continuing to shift in favor of the sector; we see a bright future for the company and our shareholders."
CLS Holdings USA (CLSH) has obtained a receipt for its final long form prospectus filed with the securities regulatory authorities in the Provinces of Alberta, Manitoba, British Columbia and Ontario and has been granted conditional approval by the Canadian Securities Exchange to list the common stock in the capital of CLS Holdings USA (CLSH) on the CSE under the ticker symbol "CLSH".
Over the last 6 trading days, shares of CLS Holdings USA (CLSH) have rallied back from lows of $0.51 to as high as $0.85.
For More Information On CLS Holdings USA, Click Here
Other cannabis companies to watch during this latest market trend include:
Aphria (APHA) continued to recover from earlier losses on Friday. Shares of the cannabis company have rallied as high as $6.01 this morning.
Aprhia's Board of Directors has appointed a special committee of independent directors to review the Company's previously completed acquisition of LATAM Holdings Inc., which closed on September 27, 2018.
Recently, shares ofAprhia came under pressure after questions arose about its Latin America operations. Aphria most recently announced that it has signed a Letter of Intent with Insumos Medicos S.A., a Paraguayan pharmaceutical manufacturing, importand distribution company, to enter into an exclusive supply and distribution agreement to provide medical cannabis in Paraguay.
For More Information On Aphria, Click Here
Hemp Inc (OTC PINK: HEMP) has seen its share climb this month. The company entered into a majority ownership agreement with JNV Farms LLC for the hemp cultivation and processing company in Medford, Oregon.
As the majority owner of the, now fully functional, hemp cultivation and processing company, Local Processing Center, Inc. (LPC), Hemp, Inc. will be able to create a pipeline of industrial hemp and hemp products in states, where legal, on the West Coast.
With highs of $0.042 on Monday, Hemp has climbed by nearly 70% from one month ago.
For More Information On Hemp, Click Here
Cronos Group (CRON) saw its shares climb on Monday morning. The cannabis company moved to highs of $11.73 before the lunch hour.
The company gained attention in December after a major deal was announced. This time to the tune of nearly $2 billion US.
Cronos Group (CRON) shook up the cannabis industry today after it was announced an approximately C$2.4 billion equity investment in Cronos Group by Altria. If you are unfamiliar with Altria, they are the owners of Philip Morris, the company that makes Marlborough Brand cigarettes.
Altria will also receive Warrants of Cronos Group, that if fully exercised, would provide the Company with an additional approximately C$1.4 billion of proceeds. The Shares issuable to Altria pursuant to the Subscription Agreement will result in Altria holding an approximately 45% ownership interest in Cronos Group (calculated on a non-diluted basis),exercise of the Warrants would result in incremental ownership of 10% for a total potential ownership position of 55%.
For More Information On Cronos, Click Here
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns www.MarijuanaStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Disclaimer: Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and CLS Holdings USA Inc. (CLSH), Midam has been paid $100,000 from CLS Holdings USA Inc. (CLSH) for a period from November 30,2018 to December 30, 2018. We may buy or sell additional shares of (CLSH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about CLS Holdings USA Inc. (CLSH). Click here for our full disclaimer.
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