4 Marijuana Stocks To Keep Tabs On
CORAL GABLES, FL / ACCESSWIRE / January 4, 2019 / The end of the year was a large turning for the marijuana industry, as the year's events were instrumental in cementing the growth of the cannabis sector around the world. Specifically, in North America, many variables have fallen into place that have allowed for more favorable opinion surrounding cannabis. Following Canada's nation-wide legalization and the recent passing of the US Farm Bill, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. With the new year just a few days old, Next Green Wave Holdings Inc (NXGWF) (NGW), Acreage Holdings Inc (OTC PINK: ACRGF), CannTrust Holdings Inc (OTC PINK: CNTTF) (TRST), and Marimed Inc (MRMD) are 4 pot stocks making headlines this month.
Next Green Wave Holdings Inc (NXGWF) (NGW) is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, the world's largest cannabis market. Presently, the Company owns and operates over 15 acres of cannabis-zoned development land is nearing completion on its first proprietary engineered 35,000 sq. ft. facility. In mid-December, Next Green Wave Holdings Inc (NXGWF) (NGW) announced that it had qualified to trade on the OTCQB Venture Market, while also making clear its intention to seek the Depositary Trust Company eligibility.
In more recent news, Next Green Wave Holdings Inc (NXGWF) (NGW) made headlines on Friday when it announced that it had obtained all necessary state and local licenses for its site A production facility in Coalinga, California. Per the announcement, the newly issued licenses will allow the Company to carry out all its seed to sale operations in the state of California.
Leigh Huges, Executive Chairman of Next Green Wave Holdings Inc (NXGWF) (NGW), commented on the recent announcement, saying, "with the completion of our 35,000 ft² premium indoor Facility A imminent, we have received all of the state licenses necessary to move into production in 2019. This is a major milestone to see us into full operation in 2019."
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Acreage Holdings Inc (ACRGF) announced in early December that it had signed into a definitive agreement with Form Factory, Inc for the Company to acquire Form Factory, in an all-stock transaction valued at $160 million. Per the official press release, Acreage will issue approximately 6.4 million Subordinate Voting Shares to Form Factory shareholders at a deemed price of $25 per share.
Kevin Murphy, Founder, Chairman, and Chief Executive Officer of Acreage Holdings, said, "creating a wide range of products that meet the diversified tastes of consumers and owning the national manufacturing and distribution platform to ensure their consistent and predictable delivery on a national basis is a key to long-term success and value creation in the cannabis industry. With this acquisition, we are now positioned to be both the first and only national cannabis CPG company and distribution platform in the U.S. cannabis industry. The combination of the largest U.S. operational footprint, combined with the unique food and beverage manufacturing capabilities of Form Factory sets us on a direct path to become the Procter & Gamble of cannabis."
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CannTrust Holdings Inc (CNTTF) (TRST), one of Canada's leading cannabis producers, announced, in mid-December, that updates were made available to investors regarding the Company's expansion plans.
Michael Camplin, General Manager of CannTrust's Niagara operations, said, "We initially applied for 10 permits relating to the development of our Phase III expansion. We're still working with the municipality to have all those permits approved. We respect the Town of Pelham's process. We have multiple strategic alternatives available to us and we hope Pelham is one of them."
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With the recent passing of the US Farm Bill, companies like MariMed Inc (MRMD) are prepared to meet the demands of the healthcare industry as more medical professionals become accepting of cannabidiol (CBD) as a form of treatment for their patients. The bill included language which will allow for hemp to be grown on a massive agricultural scale.
In a press release regarding the matter, Charles Finnie, MariMed's Chief Strategy Officer, said, "legal hemp has the potential to reshape America's health and wellness landscape. CBD will likely become a separate industry from the highly regulated, state-legal cannabis industry that remains illegal at the federal level. Lifting federal restrictions on hemp cultivation, research and distribution will enable advanced medical research, as well as increased agricultural production of pharmaceutical-quality CBD products that avoid the side effects and addiction risks of some pharmaceuticals."
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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 Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1, 2018 to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. Midam has been compensated an additional $75,000 and has extended its period of coverage to January 8, 2019. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. Click here for our full disclaimer.
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