CORAL GABLES, FL / ACCESSWIRE / December 18, 2018 / Marijuana stocks are taking center stage this morning. A strong mix of premarket momentum and headlines are bringing pot to the forefront. As the landscape continues to evolve with new potential for beverage companies as well as the latest developments coming from Big Pharma, investors are looking for the next big industry trend. Four cannabis companies taking advantage of this evolution include The Alkaline Water Company (WTER), Hexo Corp (OTC PINK: HYYDF) (HEXO.TO), New Age Beverages (NBEV), and Tilray (TLRY).
The Alkaline Water Company (WTER) announced earlier this month that its shares of common stock have been approved for listing on The NASDAQ Capital Market. What investors have noted in recent months is the company's revenue growth. The company recorded monthly sales of more than $3.1 million for the month ending November 30, 2018. This also happens to be the largest monthly sales in the company's history. This also adds to the more than $16 million in revenue recorded on its quarterly filings ended September 30, 2018
The company's Alkaline88® brand of water is now available in all 50 states at over 47,000 retail locations, including top national grocery retailers Walmart, Kroger, Safeway-Albertsons and CVS.
For More Information On The Alkaline Water Company, Click Here
Hexo Corp (OTC PINK: HYYDF) (HEXO.TO) made big waves earlier in the year after it was announced that the company closed their joint-venture partnership with Molson Coors (TAP). This event was likened to that of Constellation Brand's (STZ) move to invest several billion dollars into cannabis company Canopy Growth (CGC) over the last year.
The company recently published its financial results for the first quarter of the 2019 fiscal year. Gross revenue for the quarter reached $6.7 million, which includes $5.2 million in sales of adult-use cannabis in the first two weeks following legalization in Canada.
For More Information On Hexo Corp, Click Here
New Age Beverages (NBEV) traded higher on Tuesday. Shares of the beverage company moved as high as $6.90 during premarket trading. The recent attention from the 2018 Farm Bill has brought more excitement to the space especially for companies that target CBD infused beverages.
Marijuana-infused beverages could become a $600 million market in the US in the next four years, according to a note from Canaccord Genuity, Canaccord estimates CBD beverages will become a $260 million market by 2022, and THC-infused beverages a $340 million market.
For More Information On New Age Beverages, Click Here
Tilray (TLRY) hit the ground running today on a different note. Instead of grabbing onto the excitement for cannabis beverages, Tilray inked a deal with a big player in "Big Pharma.''
This morning the company announced a global supply and distribution agreement for medical marijuana with pharmaceutical giant Novartis AG. It may supply non-smokable and non-combustible medical cannabis products where it is legally allowed.
For More Information On Tilray, 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 Alkaline Water Company (WTER), Midam has been paid $50,000 from Alkaline Water Company (WTER) for a period from December 17, 2018 to January 17, 2019. We may buy or sell additional shares of (WTER) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Alkaline Water Company (WTER). Click here for our full disclaimer.