Watch These 4 Marijuana Stocks Set The Pace On Tuesday (1/29/19)

CORAL GABLES, FL / ACCESSWIRE / January 29, 2019 / The marijuana stock market has owed much of its recent success to the fact that the recreational cannabis industry has been booming for over a year now. As new states in the U.S. continue to look into the benefits of legalizing marijuana for adult use, those who have already done so are leading the charge. When cannabis first started receiving attention, many of the larger gainers were those who were involved in the medicinal side, but now many of these companies worked their way into the recreational cannabis space. ParcelPal Technology Inc (PTNYF) (PKG), Aphria Inc (APHA), (HEXO) Corp, and Charlotte's Web Holdings Inc. (CWBHF) represent four companies prepared to meet the demands of an industry now focusing on all aspects of improving the quality of life for consumers.

ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the space, is taking advantage of the fact that, as technology has evolved over the years, so too has the industry surrounding delivery apps and their growing popularity. The Company utilizes technology-driven logistics to connect consumers with the goods they love. Customers can shop at partner businesses and, through the ParcelPal platform, receive their purchased goods within an hour.

ParcelPal Technology Inc (PTNYF) (PKG) created an on-demand marketplace where customers can shop for anything from food to clothes, and customers need only shop from the app, choose the items they want, and wait for the delivery within one hour.

ParcelPal Technology Inc (PTNYF) (PKG) today announced that it has 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 their 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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Aphria Inc (APHA) confirmed earlier this month that Green Growth Brands Inc had commenced an unsolicited take-over bid to acquire all outstanding common shares of the Company, other than the common shares of the Company owned by GGB or its affiliates, in exchange for 1.5714 common shares of GGB. At the time of the announcement, company shareholders were advised to take no action on the Offer until Aphria's Board of Directors has made a formal recommendation to shareholders.

Irwin Simon, Aphria's independent Board Chair, stated, ''Aphria is a market leader and has a tremendous opportunity to create substantial value for shareholders. Any offer would necessarily need to be evaluated against the current and future value of our current strategic plan. We are also determined to protect Aphria shareholders from opportunistic offers that fail to reflect the substantial value and growth prospects we have built at Aphria. We will evaluate GGB's offer in this spirit.''

For More Information On Aphria Inc., Click Here

HEXO Corp (HEXO) announced at the tail-end of last week the pricing of its underwritten public offering of common shares at the price C$6.50 per share. Per the details of the announcement, the underwriters for the offering have agreed to purchase $7,700,000 common shares from the Company for gross proceeds to the Company of C$50,050,000.

The Company will use the net proceeds from the Offering for general corporate purposes, including funding the Company's global growth initiatives and research and development to further advance the Company's innovation strategies. In addition to this news, the Company will file a final prospectus supplement to the Company's amended and restated short form base shelf prospectus dated December 14, 2018 with the securities regulatory authorities in each of the provinces and territories of Canada.