These 4 Marijuana Stocks Could End January On High

CORAL GABLES, FL / ACCESSWIRE / January 28, 2019 / The marijuana stock market has largely benefitted from a massive influx of capital over the course of the last few years. Over time, more and more consumers have come to recognize the incredible benefits created by consuming and/or utilizing cannabis. Following the increase of public approval, many cannabis companies in the space have invested in products and opportunities meant to attract investor attention. Given that the new year is still very fresh, it is likely that opportunities may emerge from the nascent cannabis industry. GTEC Holdings Ltd (TSXV:GTEC) (OTCQB:GGTTF), Charlotte's Web Holdings Inc (CWBHF) (CWEB.CN), CannTrust Holdings Inc (OTC PINK: CNTTF), and Innovative Industrial Properties Inc (IIPR) represent four companies committed to integrating cannabis as a means of improving the quality of life for consumers on a global scale.

GTEC Holdings Ltd (TSXV:GTEC) (OTCQB:GGTTF) is a specialized craft cannabis company dedicated to cultivating premium quality cannabis in purpose-built indoor facilities. The company is vertically integrated across all major sectors of the Canadian cannabis industry and presently holds Cultivation, Extraction, and Analytical testing licenses.

GTEC Holdings Ltd (TSXV:GTEC) (OTCQB:GGTTF) announced in early December 2018 that its wholly owned subsidiary, Alberta Craft Cannabis, had completed a major sale of cannabis products to CannMart Inc, a wholly owned subsidiary of Namaste Technologies Inc. In the months following the distribution deal, GTEC's ultra-premium has risen to become the best-selling product presently available at CannMart.

In addition to this announcement, the Company also announced in December that its common shares had been approved for up-listing of trading onto the OTCQB Venture Market.

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Charlotte's Web Holdings Inc (CWBHF) (CWEB), one of several industry leaders in whole-plant hemp extract products with naturally occurring CBD, reported earlier this month on its 2018 harvest hemp results. 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 Company's announcement of their hemp-yield, 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. This allows us to have better control and predictability over our cost of goods sold and thereby our gross margins.

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CannTrust Holdings Inc (CNTTF) one of Canada's leading, most trusted licensed producers of cannabis, announced early last week that the Company had obtained the necessary permitting from the Town of Pelham to proceed with its Phase III expansion with the construction process set to commence immediately.

Per the official announcement, The revised Phase III expansion is permitted for a footprint of up to 390,000 square feet, compared to the 600,000 square feet in the Company's initial application. However, with enhancements to the Phase III facility above and beyond the specifications initially contemplated, CannTrust maintains its total production capacity forecast of 100,000 kg per year after completion of the Phase III construction. The enhancements to the Phase III expansion include investing in automation and a higher level of climate control. Given these enhancements and the time it has taken to obtain permitting, construction of the Phase III expansion is expected to be complete in the third quarter of 2020.

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Innovative Industrial Properties Inc (IIPR) saw its shares enjoy a 2.04% uptick on Monday, with shares trading at $61.16 per share in the early-afternoon. Earlier this month the Company announced that it closed on the acquisition of a property in Barry, Illinois, which comprises approximately 75,000 square feet of industrial space situated on approximately ten acres.