Cannabis Industry Continues to Grow: Top Plays - THC Therapeutics, Inc. (THCT)

HENDERSON, NV / ACCESSWIRE / April 1, 2019 / According to a handful of Wall Street investment firms, the marijuana industry is slated to grow by leaps and bounds over the next decade. The U.S. legal cannabis industry is expected to reach $75 billion in sales by 2030, according to research firm Cowen & Co. That's almost as large as the North American carbonated soft drink market in 2017.

It's also an industry that investors have seemingly accepted with open arms. Since the beginning of the year, the Horizons Marijuana Life Sciences ETF, which holds about four dozen pot stocks with various weightings, is up around 60%. Today we're highlighting top plays in the industry.

One company that has a ton of upside is THC Therapeutics, Inc. (THCT). The US patent office has accepted ALL 20 claims for The dHydronator®. Very recently, the company announced that it has received full patent protection for the dHydronator®, which can reduce moisture content of cannabis to 10% in only 10-14 hours, normally it takes up to 14 days. The dHydronator® also destroys harmful surface contaminants & pathogens. The term of the patent provides 20 years of protection on the scalable intellectual property for the dHydronator®. This is Big news from (THCT).

Today we are highlighting: THC Therapeutics, Inc. (THCT), OrganiGram Holdings Inc. (OGRMF), KushCo Holdings (KSHB), Charlotte's Web Holdings, Inc. (CWBHF), and ParcelPal Technology Inc (PTNYF).

THC Therapeutics, Inc. (THCT) (Market Cap: $96.047M; Share Price: $7.30) has developed a sanitizing herb dryer, The dHydronator®. Their laboratory-proven product is specifically designed for drying and sanitizing freshly harvested cannabis and herbs. THCT's product has been tested by two independent laboratories. The testing covered over 6 strains and 9 independent tests to confirm the findings. Over the 9 tests and 6 strains, there was a 4% average increase of THC-A*.

As we mentioned earlier, the US patent office has accepted ALL 20 claims for The dHydronator®. The company has received full patent protection for the dHydronator®. Start your research today on THCT.

________

An existing marijuana licensed producer, OrganiGram Holdings Inc. (OGRMF) (Market Cap: $874.472M; Share Price: $6.75), is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. It is ramping up production to capitalize on new market opportunities. As the cannabis market progresses, an active expansion that includes a 15,000 sq. ft. extract processing facility could prove quite useful. Recently, the company signed a letter of intent with the Société québécoise du cannabis and now has distribution in place for all ten Canadian provinces. Based on currently available public information, this agreement makes Organigram one of only three licensed producers ("LPs") in Canada along with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) and Aphria (TSX: APHA andNYSE: APHA) to have secured distribution agreements with every province.

________

KushCo Holdings (KSHB) (Market Cap: $522.791M; Share Price: $5.94) has direct, relevant expertise in helping a wide array of customers comply with legal requirements including packaging regulations in many jurisdictions. There are several stocks living in the space of providing the goods and services needed by marijuana cultivators and their end users. It is probably best known for providing packaging and branding solutions to more than 5,000 marijuana growers worldwide. In 2018, KushCo moved the company firmly into the hydrocarbon gases and solvents arena through acquisition of Summit Innovations. KushCo is necessary to produce high-margin cannabis oils and Summit Innovations is required for cannabis concentrate production.

________

Charlotte's Web Holdings, Inc. (CWBHF) (Market Cap: $1.857B; Share Price: $19.94) received some big news this past December when President Trump signed the Farm Bill into law. In doing so, hemp production and hemp-derived CBD became legal in all 50 states. This provided the needed clarity and catalyst for expansion of the hemp industry. "We believe this important legislation will have a positive impact on consumer access to hemp-derived CBD products and for our valuable farming communities throughout the country," said Hess Moallem, President and Chief Executive Officer.