Four Marijuana Stocks Heating Up on Thursday

CORAL GABLES, FL / ACCESSWIRE / April 11, 2019 / When speaking about the marijuana stock market, we cannot help but bring the Canadian cannabis industry into the conversation. For quite some time, Canada has been leading the global charge in terms of advocating in favor of cannabis legalization. Although cannabis growers are typically the companies most people focus on, it would seem that there are a significant amount of companies with ancillary functions in the cannabis sector. These companies are equally important contributors to the industry as a whole. All in all, when looking to invest in marijuana stocks, it's wise to pay attention to the big picture. Nabis Holdings (INNPF) (NAB), Body and Mind Inc (OTC PINK: BMMJ), Acreage Holdings Inc (ACRGF), and iAnthus Capital Holdings Inc (ITHUF) are 4 marijuana companies leading the industry into the future.

Nabis Holdings (INNPF) (NAB) is a Canadian investment company laser-focused on making key investments in high-quality cash flowing assets across all aspects of the Cannabis Sector, mainly in U.S. limited license states. The company has a keen sense for identifying and acquiring a majority stake in cannabis brands and assets to generate high-quality cash flows.

Nabis Holdings (INNPF) (NAB) made headlines today when the Company announced that it has completed its investments in several strategically located properties that have municipal approvals for provisioning centers in the State of Michigan. Nabis is currently evaluating ten to fifteen additional municipally-approved locations in Michigan which will substantially increase the Company's overall presence in the U.S. cannabis space.

Following the announcement, Shay Shnet, CEO and Director of Nabis Holdings (INNPF) (NAB), said, "we continue to cement our foundation in Michigan with the completion of our investments in the Battle Creek & Constantine provisioning centers. With additional provisioning centers, we believe Nabis is well positioned in the largest medical license cannabis market in the U.S. Our strategic plan to aggressively expand into many other limited license states remains the top priority for our team. The closing of these two investments marks another important milestone for Nabis, as we continue to successfully expand our presence nationwide."

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Body and Mind Inc (BMMJ), a multi-state operator invested in the cannabis industry, in mid-March announced the Company's expansion into Arkansas with an in-state partner, Comprehensive Care Group LLC. Per the details of their expansion, the companies will work together to develop a medical marijuana dispensary facility in West Memphis, Arkansas. Medical marijuana dispensaries in Arkansas are licensed for both retail sales and cultivation of up to 50 plants within the same facility.

Robert Hasman, CEO of Body and Mind Inc, said, "we are pleased to have been successful in assisting Comprehensive Care Group to obtain a dispensary license through the application process, an initiative that creates significant value for all stakeholders. Secondly, this deal provides BaM shareholders greater retail exposure, the fourth platform for growth and a path to launch some of its' own products to the medical patients of Arkansas. We are proud to have been selected as one of only 32 dispensary licenses awarded in Arkansas and look forward to working with Comprehensive Care Group."

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Acreage Holdings Inc (ACRGF) earlier this week announced the appointment of Corey Burchman, MD as Chief Medical Officer. Dr. Burchman will oversee development of an Acreage medical advisory board, assist in developing patient outreach programs, and serve as medical risk mitigator to the company's product development and innovation.

Following the announcement of his appointment, Dr. Burchman said, "in my role as Chief Medical Officer, I hope to bring my experience in clinical cannabinoid therapeutics as the basis for developing strong patient outreach programs, and building relationships with advocacy groups and partners. Working with Acreage allows me to further a theme that has anchored my entire career - patient safety - in an industry that has the capacity to change lives for the better across the country."