These 4 Marijuana Stocks Could Be Positioned For A Big Year

CORAL GABLES, FL / ACCESSWIRE / January 8, 2019 / The legislative battle to federally legalize marijuana has occupied media headlines over the course of the last year, but more recently the conversation has shifted to how the market will respond following Congress' passing of the farm bill which will allow $867 million to go the agricultural industry as a result of the legalization of hemp. American Premium Water Corporation (HIPH), Charlotte's Web Holdings Inc (CWBHF), Cronos Group Inc (CRON)(CRON), and Namaste Technologies Inc (NXTTF) are 4 pot stocks that are bringing the heat.

American Premium Water Corporation (HIPH) is a company you may not have heard of but could benefit from taking a look at. The Company is a luxury consumer products corporation invested in discovering different use cases for the molecular potential of hydrogen, as well as nanotechnologies, in congruence with cannabidiol (CBD) to optimize product offerings to treat health disorders and enhance the quality of life for consumers.

American Premium Water Corporation (HIPH) saw itself in headlines on Tuesday when the Company announced that it had signed into an agreement with Cutting Edge Beverages to be the Company's official distribution agent in the Northeast. According to the announcement, Cutting Edge has relationships with large grocery chains, natural health stores, convenience stores, and independent retailers.

Ryan Fishoff, Chief Executive Officer and Interim Chairman of American Premium Water Corporation (HIPH), said, "I am happy to announce that we have brought on Cutting Edge Beverage to lead our efforts to expand our retail footprint in the Northeast. With the passage of the 2018 Farm Bill, the 'gloves have come off'. All retailers are looking to get CBD products on their shelves and we are working feverishly to fill the demand. Cutting Edge will connect us with the retailers that will provide the Company that ability to expand its footprint while increasing brand awareness."

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Charlotte's Web Holdings, Inc (CWBHF) saw its shares climb 2.81% to $12.65 per share in early mid-afternoon trading on Tuesday, likely due to the Company's recent announcement that Eugenio Mendez, former Vice-President of Global Marketing of Water, for Coca-Cola, to take on the newly formed role of Chief Growth Officer, effective January 15, 2019.

Hess Moallem, President and CEO of Charlotte's Web, said, ''We're very excited to have Eugenio formally join our Company. Over the past sixteen months, I've had the opportunity to work closely with Eugenio and have been deeply impressed with his global vision and experience within the consumer-packaged goods ("CPG") industry, Eugenio's appointment illustrates the high caliber executive talent we are attracting to support the Company's next phase of growth.''

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Cronos Group Inc. (CRON) made headlines earlier in December when the Company announced it had entered into a subscription agreement with Altria Group, Inc. pursuant to which Altria agreed to make an approximately $2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.

In a press release regarding the matter, Cronos Group's Mike Gorenstein, Chairman, President and Chief Executive Officer said, "Altria is the ideal partner for Cronos Group, providing the resources and expertise we need to meaningfully accelerate our strategic growth. The proceeds from Altria's investment will enable us to more quickly expand our global infrastructure and distribution footprint, while also increasing investments in R&D and brands that resonate with our consumers. Importantly, Altria shares our vision of driving long-term value through innovation, and we look forward to continuing to differentiate in this area."

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Namaste Technologies Inc (NXTTF) announced, in mid-December, that it had entered into a share purchase agreement to acquire common shares in Pineapple Express Delivery Inc and an affiliated entity, representing an additional 34% equity in exchange for such number of common shares of Namaste having an aggregate value of approximately $3.06 million.