Watch These 4 Marijuana Stocks Set The Standard on Friday (2/1/19)

CORAL GABLES, FL / ACCESSWIRE / February 1, 2019 / The marijuana stock market has seen a massive increase in positive sentiment following the recent passing of the U.S. Farm Bill. The monumental piece of legislation formally legalized hemp to be planted as a major crop for the agricultural industry in the country. Although the Farm Bill doesn't explicitly reference anything about marijuana, the bill's section on hemp will have major implications for companies that manufacture and distribute products containing hemp. The cannabis industry as a whole is scheduled to be worth as much as $31 billion by the year 2022, which means that there is a large amount of room left still to grow. Nabis Holdings (INNPF) (NAB), Cronos Group Inc (NASDAQ: CRON, TSX: CRON), New Age Beverages Corporation (NBEV), and Pyxus International Inc (PYX) are four cannabis companies focused on improving the quality of life for their consumers.

Nabis Holdings (INNPF) (NAB) is a Company focused on strategically investing in high-quality cash flowing assets across several integral aspects of the cannabis sector primarily in the U.S. limited license states with plans to expand to global markets in the near-future. In terms of the Company's corporate strategy, Nabis' framework was born from a desire to allow the company to enable identifying and acquiring majority interests in high-quality cash-flowing U.S. cannabis assets and brands in Limited License States at fair-market prices.

Nabis Holdings (INNPF) (NAB) announced earlier this week that the Company has entered into a binding term sheet to acquire 100% of the membership units of Organica Patient Group Inc, and RDF Management Group in the State of Arizona, USA. Following the announcement of the term sheet agreement, Shay Shnet, CEO and Director of Nabis, said, “we are very excited to be working with OPG and will continue to identify accretive investment opportunities in Arizona along with other key limited license states in the coming months.”

In more recent news, Nabis Holdings (INNPF) (NAB) today announced that it has entered into a binding Letter of Intent to purchase assets from PDT Technologies LLC, including extraction and production equipment and rights to lease the current production facility in Port Townsend, WA. Per the details of the announcement, the LOI also includes licensing rights to produce Chong's Choice Brand CO2 Vape Cartridges, one of the leading and most recognizable brands in the cannabis space.

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Cronos Group Inc (CRON) saw its shares climb 7.66% in early-afternoon trading on Friday, with shares trading at $21.19 per share. Just before the new year, the Company announced that it had entered into a subscription agreement with Altria Group, Inc pursuant to which Altria agreed to to make an approximately C$2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company. Per the details of the agreement, Altria would also receive Warrants of Cronos Group, that if fully exercised, would provide the Company with an additional approximately C$1.4 billion of proceeds.

The Company will hold a shareholder meeting later this month to determine how they will go about handling the subscription agreement with Altria. The Transaction must be approved by at least a majority of the votes cast by Shareholders, in person or by proxy, at the Meeting.

For More Information On Cronos Group Inc, Click Here

New Age Beverages Corporation (NBEV), the Colorado and Utah-based company intending to become one of the world's leading healthy beverage and lifestyle companies, announced earlier this week their global expansion of its Noni+Collagen product, following achievement of over $4 million in revenue in its first two months in initial test markets.

Shon Whitney, Vice President of Sales and Marketing for New Age's Morinda Division, said, “we are so incredibly pleased with the early success of TeMana Noni+Collagen. We knew this would be a product our customers and partners would love, and we are thrilled to see it gain immediate momentum. We are the first and only company in the world to combine pure hydrolyzed collagen with authentic Tahitian Noni Juice.”