Four Marijuana Stocks Making Moves On Thursday

CORAL GABLES, FL / ACCESSWIRE / February 28, 2019 / The marijuana stock market has seen a bullish run over the course of the past few years, namely because companies in the industry have demonstrated their ability to implement innovation and creative approaches to their product offerings. Perhaps the most significant threshold the cannabis industry crossed was shifting public opinion so that society now views cannabis with a more favorable sense of understanding. To put it lightly, acceptance of cannabis in domestic markets as well as in Canada has never been higher. Given that the majority of U.S. states have put forth legislation in favor of legalization, more companies in the cannabis sector are seeing success. CLS Holdings USA Inc (CLSH), Canopy Growth Corp (CGC) (WEED), Aurora Cannabis Inc (NYSE:ACB) (TSX:ACB), and OrganiGram Holdings (OGRMF) are 4 pot stocks worth keeping on your radar.

CLS Holdings USA Inc (CLSH) is a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries. Like other companies in the cannabis industry, CLS is taking advantage of the recent boom in the excitement surrounding marijuana and its countless uses for improving the quality of life for consumers.

CLS Holdings USA Inc (CLSH) today announced that the Company has redeemed all of its convertible debentures issued to YA II PN, Ltd., "Yorkville", a Cayman Island exempted limited partnership, which was issued on May 14, 2018, and July 20, 2018. Pursuant to the terms of the debentures, the investor generally was able to convert any portion of the principal and accrued interest under the debentures into CLS Common Stock at a fixed conversion price of $0.40 per share.

Per the details of the announcement, through the redemption of the debentures for total cash consideration of $964,787, CLS Holdings USA Inc (CLSH) has eliminated the potential issuance of approximately 2.5 million shares of CLS stock that would be immediately eligible for resale

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Canopy Growth Corp (CGC) (WEED) and Sequential Brand Groups Inc today announced that Martha Stewart has joined the Company in an advisory role to assist with developing and positioning a broad new line of product offerings across multiple categories. With several clinical trials underway, Canopy Growth will be leaning on Martha's vast knowledge of consumer products while exploring the effectiveness of CBD and other cannabinoids as they relate to improving the lives of both humans and animals.

Following the announcement, Martha Stewart commented, "I am delighted to establish this partnership with Canopy Growth and share with them the knowledge I have gained after years of experience in the subject of living. I'm especially looking forward to our first collaboration together, which will offer sensible products for people's beloved pets."

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Aurora Cannabis Inc (ACB) announced earlier this week that it has agreed to terms to acquire a 51% ownership interest in Gaia Pharm Lda., a license applicant in Portugal, to establish a local facility to produce medical cannabis and derivative products. The company will be renamed "Aurora Portugal Lda". On February 21, 2019, Gaia Pharm Lda. received approval of its application to construct an EU GMP compliant cannabis cultivation facility from INFARMED, a division of the Portuguese Health Ministry, which is responsible for the evaluation, authorization, regulation and control of human medicines as well as health products for the protection of public health.

Terry Booth, CEO of Aurora Cannabis, stated, "with the addition of this new project, we are now active in 24 countries, which we believe represents the largest global footprint of any cannabis company. Aurora's reputation in the medical cannabis sector, bolstered by the high quality of our products and our commitment to medical and plant research, provides distinct advantages in establishing significant market share in the rapidly growing European market."

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OrganiGram Holdings Inc (OGRMF) yesterday announced that the Company has elected to exercise its right under the indenture governing the Company's 6.0% convertible unsecured debentures due January 31, 2020, to convert all of the principal amount outstanding of the remaining Debentures on April 1, 2019, into common shares of the Company.