Cannabis Standout on a Roll - THC Therapeutics, Inc.

HENDERSON, NV / ACCESSWIRE / April 5, 2019 / Following a tremendous start to the year, marijuana stocks treaded water in the month of March. The Horizons Marijuana Life Sciences ETF, which is comprised of about four dozen pot stocks with various weightings, fell a little more than 2%, inclusive of its dividend distribution, last month.

However, this doesn't mean there weren't standouts. One company that has been on a roll since is THC Therapeutics, Inc. (THCT).

Today we are highlighting: THC Therapeutics, Inc. (THCT), Village Farms International, Inc. (VFF), Cresco Labs Inc. (CRLBF), Origin House (ORHOF), and iAnthus Capital Holdings, Inc. (ITHUF).

THC Therapeutics, Inc. (THCT) (Market Cap: $170.969M; Share Price: $12.80) 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*.

The US patent office has accepted ALL 20 claims for The dHydronator®. The company has received full patent protection for the dHydronator®. This is big. Start your research today.

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Village Farms International, Inc. (VFF) (Market Cap: $761.02M; Share Price: $15.97) announced recently that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has exercised its option on the existing 1.1 million square foot Delta 2 greenhouse facility currently owned by Village Farms in Delta, British Columbia. The Delta 2 facility is a newer, nearly identical "sister" facility immediately adjacent to the 1.1 million square foot Delta 3 greenhouse facility, which is already one of the largest cannabis production operations in the world. The addition of the Delta 2 greenhouse operation doubles Pure Sunfarms' total production area to 2.2 million square feet and, with conservatively targeted annual production of approximately 75,000 kilograms of dried cannabis, doubles its annual cannabis production potential to approximately 150,000 kilograms.

Village Farms is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse produce company in Canada. Together with its subsidiaries, it produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0-megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.

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Cresco Labs Inc. (CRLBF) (Market Cap: $461.659M; Share Price: $12.78) and CannaRoyalty Corp. d/b/a Origin House (ORHOF) (Market Cap: $539.530M; Share Price: $9.58) just announced a major deal that they have entered into a definitive agreement (the "Agreement") pursuant to which Cresco Labs will acquire all of the issued and outstanding shares of Origin House (the "Origin House Shares") (the "Transaction"). Under the terms of the Agreement, holders of common shares of Origin House will receive 0.8428 subordinate voting shares of Cresco Labs (the "Cresco Labs Shares") for each Origin House Share (the "Exchange Ratio"). The transaction represents a total consideration of approximately C$1.1 billion on a fully-diluted basis. The transaction represents the largest public company acquisition in the history of the U.S. cannabis industry. The combined entity will be one of the largest vertically-integrated multi-state cannabis operators in the United States, a leading North American cannabis company by footprint and one of the largest cannabis brand distributors. According to their press release, "the combination of Cresco Labs and Origin House will result in the premier distribution company serving California, the largest cannabis market in the world."

Cresco Labs, based in Chicago, is a leading U.S. cannabis company with experienced management, access to capital and a demonstrated growth strategy. As a differentiated grower, processor and retailer of premium cannabis operating across the United States, the company focuses on entering highly regulated markets with outsized demand potential and strong regulatory structures.