4 Marijuana Stocks Raising The Bar On Thursday (1/31/19)
CORAL GABLES, FL / ACCESSWIRE / January 31, 2019 / The marijuana stock market has remained consistently in the spotlight this year. As we saw with the close of 2018, several countries, including the United States, passed positive legislation in favor of the legalization of cannabis. In the first month of the new year, companies have seen bullish returns, signaling the notion that public opinion, coupled with investor attention, is turning more favorable as time goes on. As we continue to move through this new year, the hopes are that the cannabis industry will be able to see even more gains in the future. Nabis Holdings (INNPF) (NAB), Aphria Inc (APHA), Cronos Group Inc (CRON) (CRON), and HEXO Corp (NYSE American: HEXO) are four cannabis companies focused on improving the quality of life for their consumers.
Nabis Holdings (INNPF) (NAB) is a Company focused on strategically investing in high-quality cash flowing assets across several integral aspects of the cannabis sector primarily in the U.S. limited license states with plans to expand to global markets in the near-future.
Earlier this week, Nabis Holdings (INNPF) (NAB) announced that the Company had entered into a binding letter of intent to invest in a 70% interest of Hivemind Refinery, an established wellness product line of CBD-based wellness products in the United States. Per the details of the announcement, the investment into HIVEMIND expands Nabis' investment portfolio to CBD edibles, water, drops, lotions, and other CBD wellness products across the spectrum and will fall under the Company's lifestyle brand.
In more recent news, Nabis Holdings (INNPF) (NAB) announced that the Company has entered into a binding term sheet to acquire 100% of the membership units of Organica Patient Group Inc, and RDF Management Group in the State of Arizona, USA. Following the announcement of the term sheet agreement, Shay Shnet, CEO and Director of Nabis, said, "we are very excited to be working with OPG and will continue to identify accretive investment opportunities in Arizona along with other key limited license states in the coming months."
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Aphria Inc (APHA) saw notable gains in early-afternoon trading on Thursday, with shares climbing 12.58% to $8.62 per share. The Company has dominated the headlines this month as media outlets have covered the ongoing takeover attempts from Green Growth Brandsinc, the substance of which suggests Green Growth plans on acquiring all outstanding shares of Aphria, in exchange for 1.5714 common shares of GGB.
In a press release regarding the announcement, Irwin Simon, Aphria's independent Board Chair, said, "the cornerstones ofAphria's strategy are industrial-scale production, pharmaceutical-grade quality, innovative product development, and industry-leading partnerships. The future value of what can be built on this foundation is substantial. Our shareholders have also benefitted from Aphria being one of the first cannabis companies to list on leading exchanges in Canada and the United States."
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Cronos Group Inc (CRON) saw its shares enjoy a boost of 6.73%, trading at $19.65 per share on Thursday afternoon. Investors in the cannabis industry have kept tabs on Cronos following the momentous announcement from December 2018, where the Company informed the public that it had entered into a subscription agreement with Altria Group, Inc. pursuant to which Altria has agreed to make an approximately C$2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.
At the time of the announcement, Mike Gorenstein, Chairman, and CEO of CronosGroup, commented, "Altria is the ideal partner for Cronos Group, providing the resources and expertise we need to meaningfully accelerate our strategic growth. The proceeds from Altria's investment will enable us to more quickly expand our global infrastructure and distribution footprint, while also increasing investments in R&D and brands that resonate with our consumers."
For More Information On Cronos Group Inc, Click Here
HEXO Corp (HEXO) announced earlier this week that it had closed on the previously announced marketed offering of 8,855,000 common shares at a price of C$6.50 per share for aggregate gross proceeds of C$57,557,500, which includes the exercise of the full over-allotment option of 1,155,000 common shares.
Per the details included in the official press release, The Company will use the net proceeds from the Offering for general corporate purposes, including funding the Company's global growth initiatives and research and development to further advance the Company's innovation strategies.
For More Information On HEXO Corp, 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 Nabis Holdings (INNPF) (NAB), Midam has been paid $250,000 by Nabis Holdings (INNPF) (NAB) for a period from January 22, 2019 to April 22, 2019. We may buy or sell additional shares of (INNPF) (NAB) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Nabis Holdings (INNPF) ( NAB ). Click here for our full disclaimer.
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