CORAL GABLES, FL / ACCESSWIRE / March 14, 2019 / The marijuana stock market flourished in the first few months of 2019 as a result of a general shift in opinion on the cannabis sector. In the world of medicine, doctors and other medical professionals have begun to explore the potential benefits of prescribing medicinal cannabis to their patients. According to recent reports, medical marijuana legalization has been shown to decrease prescription opioid use and overdose deaths. Presently, the federal government considers cannabis to be a schedule 1 narcotic, but more and more state legislators and lawmakers are putting forth legislation to legalize cannabis so that consumers can take advantage of the revolutionary products coming out of the nascent cannabis industry. Next Green Wave Holdings Inc (NXGWF) (NGW), Charlotte's Web Holdings Inc (OTCQX:CWBHF), HEXO Corp (HEXO.TO), and iAnthus Capital Holdings Inc (ITHUF) are 4 pot stocks worth keeping on your radar this week.
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. The Company currently owns and operates over 15 acres of cannabis-zoned development land is nearing completion on its first proprietary engineered 35,000 sq. ft. facility.
Next Green Wave Holdings Inc (NXGWF) (NGW) announced earlier this week that the Company, together with its US subsidiary Crossgate Capital US Holdings Corp., have signed a definitive agreement, dated March 11, 2019, to acquire 100% of California-based SDC Ventures, LLC. SDC is a premium cannabis consumer products goods, manufacturing, and extraction leader, having 8 leading cannabis brands with 45 CBD and THC products that have a combined global social influencer reach of over 25 million people and with 100+ million YouTube views.
Following the announcement, Leigh Hughes, CEO of Next Green Wave Holdings Inc (NXGWF) (NGW), stated, ''not only does this acquisition give us an array of premium brands associated with key world-renowned influencers to penetrate global markets, it also gives us increased distribution with revenues from sales, along with direct to consumer reach, relationships and specialty extraction methods. Having the opportunity to market through strategic brand partners to millions of validated and loyal followers is a big deal when marketing consumer products.''
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Charlotte's Web Holdings Inc (CWBHF), a company determined to develop whole-plant hemp extract products with naturally occurring cannabidiol, announced, back in January, that Stephen Lermer had joined the Company in the newly formed role of Chief Operating Officer effective January 28, 2019.
At the time of the announcement, Hess Moallem, President and CEO of Charlotte's Web, said, ''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.''
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HEXO Corp (HEXO) today reported its financial results for the second quarter of the 2019 fiscal year, the Company's first full quarter following the legalization of adult-use cannabis in Canada. During the quarter ended January 31, 2019, the Company announced that its 1,000,000 sq. ft. greenhouse expansion reached construction and licensing milestones. The first harvest from the facility is expected later this month and will allow HEXO to continue ramping up to an annual production capacity of 108,000 kg of dried cannabis annually.
In recent news, the Company yesterday announced an agreement to acquire Newstrike Brands Ltd. This transaction was unanimously approved by the board of directors of both HEXO Corp and Newstrike Brands Limited. The acquisition will provide HEXO Corp capacity to produce approximately 150,000 kg of high-quality cannabis annually with access to four cutting-edge production campuses. It also provides the Company diversified domestic market penetration with combined distribution agreements in eight provinces.
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iAnthus Capital Holdings Inc (ITHUF), which owns operates, and partners with licensed cannabis operations throughout the United States, announced earlier this week that the Company would present at the second annual LD Micro Virtual Conference on Wednesday, March 13, 2019, at 11:40 AM EST.
In anticipation of their presentation, Chris Lahiji, President of LD Micro, said, ''there are a great number of people and companies who are unable to attend our live events, due to any number of reasons, so we are happy to offer an additional way for companies to present to investors without taking a lot of time out of their day-to-day operations. While virtual events will never replace the experience of sitting in the same room as other humans, it is a great format for updating the investor community and getting increased exposure."
For More Information On iAnthus Capital Holdings Inc, Click Here
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns www.MarijuanaStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1, 2018, to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. Midam has been compensated an additional $75,000 and has extended its period of coverage to January 8, 2019. Midam has been compensated an additional $50,000 and has extended its period of coverage to February 8, 2019. Midam has been compensated an additional $100,000 and has extended its period of coverage to April 12, 2019. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. For disclaimer information, click here.
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