4 Marijuana Stocks Heating Up On Friday (2/15/19)
CORAL GABLES, FL / ACCESSWIRE / February 15, 2019 / The marijuana stock market has seen a huge boost this past year, which could spell out a true first-mover advantage as we continue into the new year. Following the recent passing of the 2018 U.S. Farm Bill and Canada's country-wide legalization, the cannabis sector has shown substantial prowess in terms of presenting investors with potential opportunities. According to research conducted by leading market analysts, the global marijuana market is predicted to reach $55 billion by 2024. It stands to reason that companies with the ability to combine the multitude of applications of cannabis with integrative approaches to design and marketing could create potential opportunities resulting in an increase of investor attention to the cannabis sector. CLS Holdings USA Inc (CLSH), KushCo Holdings Inc (KSHB), Innovative Industrial Properties Inc (IIPR), and iAnthus Capital Holdings Inc (ITHUF) (IAN.CN) are 4 pot stocks to keep your eyes on moving forward.
CLS Holdings USA Inc (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 is also a developer of a proprietary patent-pending extraction and conversion methodology with the potential to increase both yield and quantity of cannabinoid oils extracted from cannabis plants. The Company's business model is comprised of licensing operations, processing operations, professing facilities, product sales, and brand creation. Earlier in 2018, CLS Holdings USA Inc (CLSH) closed on its acquisition of Oasis Cannabis, a company which announced that packaged marijuana product represented 67% of its total sales. As a cannabis retailer for the state of Nevada, Oasis served over 127,000 customers in its first year of adult-use sales.
In recent news, CLS Holdings USA Inc (CLSH) announced that it has been included in the LD Micro Index, effective February 1, 2019. For those unfamiliar with the index, the LD Micro Index is designed to give the most accurate representation of the intraday activity of micro-cap stocks in North America.
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KushCo Holdings Inc (KSHB), the parent company of several cannabis industry leaders such as Kush Supply Co, Kush Energy, The Hybrid Creative, and others, announced several changes to its executive leadership team earlier this week. Effective March 1, 2019, Jim McCormick will step down from his role as Chief Operating Officer of KushCo to pursue other opportunities.
Rodrigo de Oliveira will be promoted from his current role as Vice President of Operations of Kush Supply Co., to take over as Interim COO of the Company. Jason Vegotsky, currently President of Kush Supply Co., will be promoted to Chief Revenue Officer of the Company, and Carmen Lam, currently Regional Sales Director of Kush Supply Co., will be promoted to Senior Vice President of Kush Supply Co.
For More Information On KushCo Holdings Inc, Click Here
Innovative Industrial Properties Inc (IIPR) today announced that its operating partnership subsidiary, IIP Operating Partnership, LP, priced a private offering of $125 million aggregate principal amount of 3.75% exchangeable senior notes due 2024. Per the announcement, the operating partnership has granted the initial purchasers of the Notes a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of the Notes to cover over-allotments, if any.
The Operating Partnership intends to use the net proceeds from this private offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry that are consistent with its investment strategy, and for general corporate purposes.
For More Information On Innovative Industrial Properties Inc, Click Here
iAnthus Capital Holdings Inc (ITHUF) (IAN) saw impressive gains during afternoon trading on Friday, with shares up 4.76%, trading at $5.50 per share. The Company announced earlier this week that Pat Tiernan has been promoted to Executive Vice President of Operations responsible for the Company's operations across the United States.
Hadley Ford, CEO of iAnthus, commented, "Pat is an experienced operations executive with a proven ability to replicate processes to deliver a consistent consumer experience. He has extensive operations, general management and business development experience and we are excited to have him in his new role. With our current footprint of 11 states, Pat's track-record in driving operational excellence across companies is expected to result in immediate dividends to iAnthus."
For More Information On iAnthus Capital Holdings Inc, 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. 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 have been compensated an additional $100,000 ( CASH) from CLS Holdings USA extending the contract another 30 days ending January 31, 2019. 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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