Four Marijuana Stocks Raising The Bar On Wednesday

CORAL GABLES, FL / ACCESSWIRE / March 20, 2019 / The marijuana stock market has been historically volatile for the last few months. We've seen increases in the stock prices of larger companies in the cannabis industry which are typically followed heavily by investors. In the first months of 2019, many companies have managed to return to their pre-September 2018 numbers, given that last year was detrimental for much of the market. Following the introduction of recent legislation in support of cannabis legalization, the marijuana industry has picked up speed as a result of increasing public support. Now, more than ever, consumers are behind cannabis companies working to manufacture cannabis products designed to improve the quality of life for consumers. Transcanna Holdings Inc (TCAN.CN), OrganiGram Holdings Inc (OGRMF), Cresco Labs Inc (CRLBF), and Canopy Growth Corp (CGC) (WEED.TO) are four cannabis companies worth looking into.

Transcanna Holdings Inc (TCAN.CN) is a company which specializes in assisting cannabis farmers with branding, transportation, and distribution services through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace. The Company functions as an incredible resource for cannabis farmers and manufacturers who are looking to turn their harvests into commodified products.

Transcanna Holdings Inc (TCAN.CN) today announced that the Company signed definitive closing documents to acquire the land, building and asset package which includes an existing 196,000 square foot facility on 5.5 acres of land as well as cannabis packaging and processing equipment. Per the detail's of the Company's February 4th press release, the facility has undergone major renovations over the past twenty-four months which has created specific divisions for nursery, cultivation, manufacturing, extracting, bottling, remediation, and transportation & distribution.

Following the announcement, Jim Pakulis, CEO of Transcanna Holdings Inc (TCAN.CN), said, "acquiring arguably the largest vertically integrated cannabis centric three-story multi-purpose facility in California reinforces our strategy to be fully self-contained in our ecosystem. We also have an additional 5 acres in the green zone adjacent to the facility to build up to 600,000 sq. ft. three-storey grow facility to supply our own biomass for the brands we acquire or create."

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OrganiGram Holdings Inc (OGI) earlier this month provided investors with several corporate updates. The Company shared that it had appointed Helen Martin as Corporate Secretary. Ms. Martin has been with the Company since November 2018 acting in the capacity of Vice-President, Strategic Initiatives and Legal Affairs.

The Company also announced that it has filed a notice for leave to appeal the certification of the class action brought against it. Assuming leave to appeal is granted, the Company expects the matter to be heard in the fall. As previously disclosed, the Company intends to vigorously defend itself against the class action.

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Cresco Labs Inc (CL) announced earlier this week that the Company is entering the Florida market through the signing of a letter agreement to acquire the ownership interests or assets of VidaCann Ltd. and/or affiliated entities, one of the largest and most advanced providers of medical cannabis in Florida.

Following the announcement, Charlie Bachtell, CEO, and Co-founder of Cresco Labs said, "since relaunching its cannabis program in 2017, Florida has seen tremendous growth in patient registration and is one of the most important markets in the country. VidaCann is the perfect blend of an established operational footprint and infrastructure of professionals that will allow Cresco to execute its disciplined and strategic Florida plan expeditiously. We look forward to welcoming all of the 100 VidaCann employees to the Cresco Labs family."

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Canopy Growth Corp (WEED) (CGC) today announced that they have entered into a multi-year processing and extraction agreement with HollyWeed North Cannabis Inc., the parent company of HollyWeed Manufacturing & Extracts Inc.