CORAL GABLES, FL / ACCESSWIRE / March 29, 2019 / The marijuana stock market has seen a massive influx of investor excitement in the first few months of 2019 as companies in the cannabis sector continue to innovate towards the future. Whereas previously cannabis was feared and avoided by the majority of society, recently there has been a favorable shift in public opinion revolving cannabis as a form of alternative medicine. In such a fast-paced market like cannabis, one can get confused trying to understand what's actually taking place. Though the future of the industry is uncertain, several analysts believe 2019 could be the year the cannabis sector takes off. ParcelPal Technology Inc (PTNYF) (PKG),1933 Industries Inc (OTCQX:TGIFF), Charlotte's Web Holdings Inc (CWBHF) (CWEB.CN), and Trulieve Cannabis Corp (OTC PINK: TCNNF) are 4 marijuana stocks that could surpass investor expectations on Friday.
ParcelPal Technology Inc (PTNYF) (PKG) is a technology-driven logistics company determined to connect consumers to the goods they love via an easy-to-use, on-demand platform. Through the use of ParcelPal, customers can shop at partner businesses and receive their orders within an hour. Remaining true to the Company's core focus of offering consumers a wide variety of products through its platform, ParcelPal has focused its efforts on incorporating cannabis delivery into its offerings.
ParcelPal Technology Inc (PTNYF) (PKG) earlier this month announced that the Company has completed over two million deliveries. This milestone demonstrates the growth the Company enjoyed as well as further validates that they are on the way to becoming the most diverse and top on-demand delivery company in Canada and soon the United States.
Following the announcement, Kelly Abbot, Chief Executive Officer of ParcelPal Technology Inc (PTNYF) (PKG), said, ''we are extremely excited to have achieved this major milestone. Our growth in 2018 was tremendous and our team has grown significantly. We are looking forward to a successful rollout in the cannabis industry amongst other verticals in the coming months across Canada with existing and future partnerships.''
For More Information On ParcelPal Technology Inc, Click Here
1933 Industries Inc (TGIFF), a licensed cultivator and producer of cannabis flower and concentrates, made headlines yesterday when the Company announced that it has signed a Membership Interest Purchase Definitive Agreement between the beneficial record holder of nine percent of the issued and outstanding membership interests of Infused MFG LLC, and the Company, the beneficial record holder of ninety-one of the issued and outstanding membership interests of Infused.
Per the details of the agreement, the purchase price provides for a payment of CDN $1,248,000, payable through the issuance of a promissory note with a principal value of US$940,000 and a maturity date of December 1, 2019; and the issuance of 7,000,000 common shares in the capital of the Company, based on a deemed share price of CDN $0.45. The agreement is subject to the regulatory approvals, including the approval of the Canadian Securities Exchange, as applicable.
For More Information on 1933 Industries Inc, Click Here
Charlotte's Web Holdings Inc (CWBHF) (CWEB), a market leader in hemp-derived CBD extract products, yesterday reported financial results for the fourth quarter and year ended December 31, 2018. Over the duration of 2018, the Company's gross profit increased by 63% to $16.3 million. The Company also reported record harvest statistics of 675,000 pounds securing inventory to meet future demand.
Following the announcement, Hess Moallem, President and CEO of Charlotte's Web, said, ''during the fourth quarter we concentrated our efforts on completing the 2018 harvest and building product inventory to support growing consumer demand. Our 2018 harvest resulted in 675,000 pounds of raw hemp compared to 63,000 pounds in 2017. The record harvest benefited from excellent growing conditions and the unique expertise we've accumulated over the past five years of cultivating the complex hemp plant. This inventory build ensures we are able to meet growing demand and supply the large national retail chains that are beginning to carry our products.''
For More Information On Charlotte's Web Holdings Inc, Click Here
Trulieve Cannabis Corp (TCNNF), a leading and top performing cannabis company in the U.S., earlier this month announced the appointment of Eric Powers as General Counsel and Corporate Secretary of Trulieve, Inc., the Company's wholly-owned Florida subsidiary. Prior to joining Trulieve, Mr. Powers spent 13 years as an in-house attorney for Crawford & Company, a publicly-traded insurance services firm, where he served in numerous roles within the legal department, most recently as Vice President and Corporate Secretary.
The Company also shared that its Research and Development Director, Craig Kirkland, would retire this month as well. Per the details of the announcement, Mr. Kirkland's contributions to Trulieve cannot be overstated. Mr. Kirkland has led the development of all Trulieve products to date and designed most of the Company's operational flows.
For More Information On Trulieve Cannabis Corp, Click Here
What Is Stock Price (StockPrice.com)?
Stock Price is defined as the price of a single share of a number of saleable stocks of a public company. A stock price is the highest amount an investor or trader is willing to pay for the stock, or the lowest amount that it can be bought for.
StockPrice.com was created for everyone that wants the latest stock quotes, stock charts, company news, and the best financial content.
At Stock Price (StockPrice.com), you get free stock quotes, up-to-date news, international market data, social interaction and the best financial content that will help you manage your financial life.
Legal Disclaimer
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. JSG Communications, LLC which owns www.StockPrice.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.
JSG Communications, LLC, which owns www.StockPrice.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. JSG Communications, LLC, which owns www.StockPrice.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.
MIDAM VENTURES LLC has been compensated $75,000 per month by a ParcelPal Technology, Inc. for a period beginning September 1, 2018, and ending February 1, 2019, to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG). Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to April 1, 2019. Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to May 1, 2019. We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares. Please click here for full disclaimer.
Contact Information:
SOURCE: StockPrice.com
View source version on accesswire.com:
https://www.accesswire.com/540519/Four-Marijuana-Stocks-Looking-To-Finish-Strong-On-Friday