Watch These Four Marijuana Stocks Set The Pace On Tuesday
CORAL GABLES, FL / ACCESSWIRE / February 26, 2019 / The marijuana stock market is proving to be unlike anything analysts have ever seen before. Despite the nascent nature of the cannabis industry, cannabis companies have seen tremendous growth over the course of the past few years, largely due to the fact that people are no longer naive to the benefits cannabis offers. After years of prohibition, several states and countries across the geopolitical sphere have put forth legislation in favor of legalizing cannabis because lawmakers are well aware of the economic opportunities presented by the crop. If the energy surrounding the cannabis sector continues to surge as it has been, this could catalyze an influx of investors looking to the marijuana stock market for opportunities. Nabis Holdings (INNPF) (NAB), Aurora Cannabis Inc (NYSE: ACB; TSX: ACB), Green Thumb Industries Inc (GTBIF), and CannTrust Holdings Inc (NYSE:CTST) are 4 pot stocks looking to test February highs.
Nabis Holdings (INNPF) (NAB) is a Canadian investment company focused on investing in high-quality cash flowing and strategic assets across multiple aspects of the cannabis sector primarily in the U.S. limited license states with a roadmap to expand globally.
Nabis Holdings (INNPF) (NAB) found itself in headlines today when the Company announced that it has entered into a binding letter of intent to acquire a property strategically located in the city Bangor, Michigan that has municipal approvals for ten Cultivation licenses and one Processing license for a total consideration of USD $775,000. This strategic property investment would take Nabis' total to eight licensed facilities in Michigan assuming the closing of the five properties previously announced on January 17, 2019, and two properties previously announced on January 24, 2019.
Per the details of the announcement, cultivation at this property is expected to commence in Q3/19 with an anticipated output of the first harvest cycle to produce approximately 3,750 lbs per harvest and approximately over 22,000 pounds per year. A finder's fee will be payable in regards to this transaction to an unrelated third party. The LOI is subject to definitive documentation and the transaction is expected to close in March 2019.
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Aurora Cannabis Inc (ACB) today announced that it has agreed to terms to acquire a 51% ownership interest in Gaia Pharm Lda., a license applicant in Portugal, to establish a local facility to produce medical cannabis and derivative products. The company will be renamed "Aurora Portugal Lda''.
Earlier in February, Gaia Pharm Lda. received approval of its application to construct an EU GMP compliant cannabis cultivation facility from INFARMED, a division of the Portuguese Health Ministry, which is responsible for the evaluation, authorization, regulation, and control of human medicines as well as health products for the protection of public health.
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Green Thumb Industries Inc (GTBIF) announced towards the end of last week that the Company had closed on the acquisition of For Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products.
Following the announcement, Ben Kovler, CEO of Green Thumb, said, ''the meticulously-crafted suite of Beboe products supports the premium segment within GTI's brand portfolio and is firmly aligned with our long-term growth strategy. Beboe has an extremely talented team, a robust innovation pipeline, an aligned vision on the future of cannabis and a ground-breaking partnership with Barneys New York. We are thrilled to have the visionary Beboe team officially on board with GTI.''
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CannTrust Holdings Inc (CTST) saw its shares enjoy a 2.21% boost in late afternoon trading on Tuesday, with shares trading at $9.25 per share. Earlier this week, the Company announced that its common shares would begin trading on the New York Stock Exchange. CannTrust's shares will trade on the NYSE under the ticker symbol ''CTST''. The Company's common shares will continue to be listed on the Toronto Stock Exchange under the ticker symbol ''TRST''.
Peter Aceto, Chief Executive Officer of CannTrust, commented, ''we are a fast-growing company that is continuously looking to increase our international presence. The NYSE listing is another significant milestone in the evolution of CannTrust and we are excited to share more about our planned growth initiatives in the near future.''
For More Information On CannTrust 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 Nabis Holdings (OTC:INNPF) (CSE:NAB), Midam has been paid $250,000 by Nabis Holdings (OTC:INNPF) (CSE:NAB) for a period from January 22, 2019 to April 22, 2019. We may buy or sell additional shares of (OTC:INNPF) (CSE :NAB) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Nabis Holdings (OTC: INNPF) (CSE :NAB). Click here for our full disclaimer.
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