These 4 Marijuana Stocks Could Test February Highs

CORAL GABLES, FL / ACCESSWIRE / February 7, 2019 / The marijuana stock market saw a significant shift in a positive direction following the end of last year, as the events of 2018 were instrumental in cementing the growth of the cannabis sector around the world. Specifically, in North America, many variables have fallen into place that has allowed for more favorable opinion surrounding cannabis. In response to the public expressing its support for cannabis legislation, this has given lawmakers all the more legal precedence to pass bills in support of legalizing marijuana. Following Canada's nation-wide legalization and the recent passing of the US Farm Bill, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. Next Green Wave Holdings Inc (NXGWF) (NGW), HEXO Corp (NYSE American: HEXO), Charlotte's Web Holdings Inc (CWBHF), and PotNetwork Holdings Inc. (OTC PINK: POTN) are 4 pot stocks making headlines this month.

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. Presently, the Company owns and operates over 15 acres of cannabis-zoned development land is nearing completion on its first proprietary engineered 35,000 sq. ft. facility. The Company is determined to provide premium products and brands to both medicinal and adult use consumers.

Next Green Wave Holdings Inc (NXGWF) (NGW) today announced that its OTCQB listed common shares under the symbol NXGWF are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States. For those unfamiliar with the Depository Trust, the DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies.

Following the announcement, Leigh Hughes, Chief Executive Officer of Next Green Wave, said, "as a direct result of NGW's DTC eligibility, the Company is now accessible to all US investors and institutions and allows the Company's trading in the capital markets to be strengthened. NGW have a significant and constantly expanding following out of the US and enhancing our exposure for further investment is exciting."

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HEXO Corp (HEXO) announced just before the end of January that the Company had closed on its previously announced marketed offering of 8,855,000 common shares at a price of C$6.50 per share for aggregate gross proceeds of C$57,557,500, which includes the exercise of the full over-allotment option of 1,155,000 common shares.

Per the details of the announcement at the time, The common shares were offered in each of the provinces and territories of Canada by way of a prospectus supplement dated January 24, 2019 to the Company's amended and restated short form base shelf prospectus dated December 14, 2018 and in the United States pursuant to a registration statement on Form F-10 in accordance with the U.S./Canada Multijurisdictional Disclosure System.

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Charlotte's Web Holdings Inc (CWBHF), one of several companies working to lead the industry in whole-plant extract products with naturally occurring cannabidiol, announced at the tail-end of that Stephen Lermer had joined the Company as Chief Operating Officer.

Following the announcement of his appointment, Hess Moallem, President & CEO of Charlotte's Web, commented, "his appointment dramatically expands our domestic and international operational capabilities and brings high-level pharmaceutical quality and operating expertise to our organization. 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 execution track record."

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PotNetwork Holdings Inc (POTN) announced earlier this week that its wholly-owned subsidiary, Diamond CBD Inc, a leader in hemp-derived CBBD products, has begun the process of installing their new Brain Chill Slushy Machines in stores throughout South Florida. The Company's slushy machines come in multiple flavors and are infused with high-quality CBD extract. Each 12oz cup of the Brain Chill Slushy contains 100mg of full spectrum CBD.