CORAL GABLES, FL / ACCESSWIRE / February 11, 2019 / The marijuana stock market has occupied media headlines over the course of the past couple of years, during the course of which top players in the industry saw huge boosts in investor interest. With the increase of capital and new business entering the market, the cannabis sector has shown serious promise in terms of generating potential opportunities. In recent news, lawmakers have pushed for the passing of legislation in favor of legalizing marijuana, and as a result, the marijuana stock market has responded well. As February continues, ParcelPal Technology Inc (PTNYF) (PKG), The Supreme Cannabis Company Inc (SPRWF) (FIRE.V), Charlotte's Web Holdings Inc (CWBHF), and Curaleaf Holdings Inc (OTC PINK: CURLF ) are 4 pot stocks that could make moves on Monday.
ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the industry, is taking advantage of the fact that we are seeing a steady increase in consumer approval of cannabis and its myriad of uses. Whereas other delivery-based companies have yet to venture down the road of cannabis delivery, ParcelPal created an on-demand marketplace where consumers can shop for anything from food to clothing to cannabis.
ParcelPal Technology Inc (PTNYF) (PKG) utilizes technology-driven logistics to connect consumers with the goods they love, including allowing customers to place orders for cannabis products. Customers can shop at partner businesses and, through the ParcelPal platform, receive their purchased goods within an hour. It's no longer a question of what products can be ordered, but, through the Company's platform, how easy can it be to have said products be delivered.
ParcelPal Technology Inc (PTNYF) (PKG) announced towards the end of last month that the Company had formed a partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. According to the announcement, MADD Canada has endorsed ParcelPal as its official delivery service in Canada. As part of the ParcelPal's national rollout campaign, advertising for ParcelPal's service will be seen across the country in various educational forms. Together, MADD Canada and ParcelPal will launch a national awareness campaign focused on educating Canadians on the dangers of impaired driving and the options they have for getting items they want or need without leaving the party.
In a press release regarding the announcement, Kelly Abbott, President, and CEO of ParcelPal Technology Inc (PTNYF) (PKG) explained that "as ParcelPal dives deeper into cannabis and alcohol delivery, we are very aware of the inherent risks associated with consumption. We take every precaution to ensure the product is not only delivered safely but will be consumed responsibly as well. Our driver training programs and our technology are designed to ensure they do not deliver to a highly intoxicated or underage person."
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The Supreme Cannabis Company Inc (SPRWF) (FIRE) announced towards the end of last week that its wholly-owned subsidiary, 7ACRES, had entered into a supply agreement with the New Brunswick Liquor Corporation to supply recreational cannabis to its retail stores and has been registered as a supplier in the province of Saskatchewan.
Following the announcement, Navdeep Dhaliwal, CEO of Supreme Cannabis, commented, "we're excited to announce that 7ACRES-branded products will be available for adult-use in eight Canadian provinces coast-to-coast. In a short amount of time, 7ACRES has won multiple awards and received overwhelmingly enthusiastic consumer feedback. Our Company has made it a priority to expand 7ACRES' domestic distribution so that more Canadians will be able to experience our High-End CannabisTM products."
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Charlotte's Web Holdings Inc (CWBHF), a Company leading the market in whole-plant extract precuts with naturally occurring CBD, announced just before the end of January that Stephen Lermer had joined the Company in the newly formed role of Chief Operating Officer. Mr. Lermer comes to Charlotte's Web with over thirty-eight years of experience overseeing start-up, mid and large-scale global pharmaceutical companies.
In a press release regarding the appointment, Hess Moallem, President and CEO of Charlotte's Web, said, "I've had the privilege of working with Stephen in the past and consider him a trusted advisor. We've had the opportunity to apply tried and true formulas for scaling and growth at other organizations providing firsthand experience with Stephen's operational business sophistication and executional track record."
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Curaleaf Holdings Inc (CURLF) announced in mid-January that it had become the first cannabis company to join the New Jersey Business and Industry Association, the nation's largest state employer association. Per the details of the announcement, Curaleaf has operated in compliance with the NJ Department of Health MMP since 2015 and remains committed to being a responsible industry leader.
George Schidlovsky, President of Curaleaf New Jersey, stated, "the NJBIA is a respected organization committed to economic growth in New Jersey. We look forward to building this partnership and receiving NJBIA's benefits through our membership."
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