These Four Marijuana Stocks Could Make Moves on Friday

CORAL GABLES, FL / ACCESSWIRE / March 15, 2019 / Within the first few months of 2019, the marijuana stock market has been a hotbed excitement surrounding cannabis companies taking innovative steps to make cannabis more accessible to the public. In terms of the market, we've seen a dominative effort by vertically-integrated cannabis producers. To put it simply, these companies maintain high-profit margins, as well as control over the products they release to the open market. The majority of traditional cannabis companies rely on producers to grow the product they then utilize. Regardless of the purpose a company serves, the cannabis sector is worth keeping tabs on this month. Transcanna Holdings Inc (TCAN.CN), 1933 Industries Inc (TGIF.CN) (TGIFF), Curaleaf Holdings Inc (CURA.CN), and Cresco Labs Inc (CL.CN) are 4 marijuana stocks heating up on Friday.

Transcanna Holdings Inc (TCAN.CN) is a company which specializes in assisting cannabis farmers with branding, transportation, and distribution services through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace.

Transcanna Holdings Inc (TCAN.CN) made headlines in late-February when the Company announced that they had appointed Haywood Securities Inc. to act as lead agent on behalf of a syndicate of agents to be formed, including Gravitas Securities Inc. to sell, by way of a private placement on a best efforts basis, up to 5,000,000 units of the Company at a price of $2.00 per Unit for gross proceeds of up to $10,000,000, subject to receipt of all applicable regulatory approvals.

Per the details of the announcement, Transcanna Holdings Inc (TCAN.CN) intends to use the net proceeds of the Offering to partially fund the acquisition of the 196,000 sq ft cannabis facility as announced on February 4, 2019, and for working capital and general corporate purposes. The Company still anticipates it will seek a commercial lending facility to secure the full purchase price for the facility and once it has executed definitive documentation for such a facility, it will provide a further update on the progress of the acquisition.

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1933 Industries Inc (TGIF) (TGIFF), a licensed cultivator and producer of cannabis flower and concentrates and manufacture of hemp-derived CBD wellness products, announced earlier this week the results of the 2019 Annual General Meeting of its shareholders held in Vancouver.

During the course of the meeting, Brayden Sutton, Cam Watt, Rick Skeith, Brian Farrell, Chris Rebentisch, and Andrew Richards were re-elected as directors of the Company. In addition, following a motion made from the floor, an ordinary resolution was approved altering the Company's articles such that a quorum shall be present at a shareholder meeting if shareholders who, in the aggregate, hold at least 10% of the voting rights attached shares entitled to be voted at the meeting are present in person or represented by proxy.

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Curaleaf Holdings Inc (CURA), a leading vertically-integrated cannabis operator in the United States, announced earlier this week that the Company will report its financial and operating results for the fourth quarter and full year ended December 31, 2018, after the market close on March 20, 2019.

Per the details of the announcement, the Company's management team will be hosting a conference call and audio webcast that evening at 4:30 p.m. EST to answer questions about the Company's operational and financial highlights.

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Cresco Labs Inc (CL), one of the largest vertically-integrated multi-state cannabis operators in the U.S., announced on Wednesday that Charlie Bachtell, CEO & Co-Founder, and Joe Caltabiano, President & Co-Founder, will participate in the 31st Annual ROTH Growth Stock Conference to be held at The Ritz Carlton in Dana Point, California on March 17-19, 2019. During the conference, the management team will meet with institutional investors.

Per the details of the conference, ROTH's flagship three-day investment conference brings together executives from more than 500 public and private companies and approximately 1,000 investors. Company presentations, Q&A sessions, panels, and one-on-one meetings offer investor clients opportunities for extensive interaction with executive management to gain in-depth insights into each business and sector.