CORAL GABLES, FL / ACCESSWIRE / March 12, 2019 / When speaking about marijuana stock market, it's clear to see that the companies dominating the charts are those which produce cannabis. Following the advent of legislation in favor of legalization, cannabis companies have ramped up production to meet the growing demands of consumers in the cannabis sector. In addition to the growing excitement surrounding cannabis producers, we've also seen a significant amount of volatility brush over this section of the industry in recent months, resulting in price fluctuations in the last few weeks. Having said that, we are now seeing a tidal shift in market conditions, with cannabis companies seeing positive gains for intra-day trading. Next Green Wave Holdings Inc (NXGWF) (NGW), Charlotte's Web Holdings Inc (CWBHF) (CWEB.CN), Innovative Industrial Properties Inc (IIPR), and Tilray Inc (NASDAQ:TLRY) are 4 pot stocks setting the pace on Tuesday.
Next Green Wave Holdings Inc (NXGWF) (NGW) is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, the world's largest cannabis market. The Company currently owns and operates over 15 acres of cannabis-zoned development land is nearing completion on its first proprietary engineered 35,000 sq. ft. facility.
Next Green Wave Holdings Inc (NXGWF) (NGW) today announced that it, together with its US subsidiary Crossgate Capital US Holdings Corp. have signed a definitive agreement, dated March 11, 2019, to acquire 100% of California-based SDC Ventures, LLC. SDC is a premium cannabis consumer products goods, manufacturing, and extraction leader, having 8 leading cannabis brands with 45 CBD and THC products that have a combined global social influencer reach of over 25 million people and with 100+ million YouTube views.
Following the announcement, Leigh Hughes, CEO of Next Green Wave Holdings Inc (NXGWF) (NGW), stated, "not only does this acquisition give us an array of premium brands associated with key world-renowned influencers to penetrate global markets, it also gives us increased distribution with revenues from sales, along with direct to consumer reach, relationships and specialty extraction methods. Having the opportunity to market through strategic brand partners to millions of validated and loyal followers is a big deal when marketing consumer products."
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Charlotte's Web Holdings Inc (CWBHF) (CWEB) saw its shares enjoy a 5.24% in the market on Tuesday, with shares trading at $14.96 per share early in the afternoon. The Company reported its 2018 harvested hemp results in mid-January, resulting in media attention and related momentum. Per the details of their report, the Company reported more than a 10 times growth in harvested hemp compared to its 2017 growing season. The high-quality 100% U.S.-grown hemp will be processed through proprietary extraction methods to create whole plant hemp extract that will be used in Charlotte's Web products for sale in 2019 and 2020.
Following the announcement, Hess Moallem, President and CEO of Charlotte's Web, said, "as the category and brand leader, our goal is to increase our market share and with this bountiful harvest we are able to satisfy our customer demands for 2019 and beyond. This incredible harvest ensures we can continue to produce our high-quality human nutrition products without being subject to constantly fluctuating market prices as is common with third-party sourced raw material."
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Innovative Industrial Properties Inc (IIPR), one of the first real estate companies on the New York Stock Exchange focused on the regulated U.S. cannabis industry, today announced that its board of directors has declared a first-quarter 2019 dividend of $0.45 per share of common stock, representing an approximately 29% increase over IIP's fourth quarter 2018 dividend of $0.35 per share of common stock, and an 80% increase over IIP's first quarter 2018 dividend of $0.25 per share of common stock.
Per the details of the announcement, the dividend is equivalent to an annualized dividend of $1.80 per common share and is the eighth consecutive quarterly dividend payable to common stockholders declared since IIP completed its initial public offering in December 2016.
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Tilray Inc (TLRY), a global leader in cannabis research, cultivation, production, and distribution, made headlines earlier this month when the Company announced that its wholly-owned subsidiary Tilray Portugal Unipessoal Lda. has completed a successful harvest of medical cannabis at the Company's European Union Campus in Portugal. Tilray's EU Campus in Portugal is a multi-faceted production facility that includes indoor, outdoor and greenhouse cultivation sites, as well as research labs, processing, packaging and distribution sites for medical cannabis and cannabinoid-derived medical products.
Sascha Mielcarek, Managing Director, Tilray Europe, said, "our harvest in Portugal is an exciting milestone for the company as we continue to build our multinational supply chain of high-quality medical cannabis. We look forward to utilizing the capacity of Tilray Portugal to supply the medical cannabis market in Europe as we expand our operations."
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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. MAPH Enterprises LLC which owns www.MarijuanaStocks.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.
MAPH Enterprises LLC, which owns www.MarijuanaStocks.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. MAPH Enterprises LLC, which owns www.MarijuanaStocks.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. Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1, 2018, to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. Midam has been compensated an additional $75,000 and has extended its period of coverage to January 8, 2019. Midam has been compensated an additional $50,000 and has extended its period of coverage to February 8, 2019. Midam has been compensated an additional $100,000 and has extended its period of coverage to April 12, 2019. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. For disclaimer information, click here.
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