Watch These Marijuana Stocks Hit The Ground Running Today

CORAL GABLES, FL / ACCESSWIRE / February 27, 2019 / In many ways, the marijuana stock market is like a newly formed nation, still very much in its infancy but budding with exciting potential. Following the recent passing of several pieces of legislation in support of legalizing cannabis, companies in the sector have seen a favorable shift in public opinion. Whereas society has historically vilified marijuana, in the last few years people have started to warm up to its many uses. Next Green Wave Holdings Inc (NXGWF) (NGW), Innovative Industrial Properties Inc (IIPR), Canopy Growth Corp (CGC), and Aurora Cannabis Inc (NYSE: ACB, TSX: ACB) are 4 pot stocks worth keeping track of this month.

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. Presently, the Company owns and operates over 15 acres of cannabis-zoned development land is nearing completion on its first proprietary engineered 35,000 sq. ft. facility. The Company is determined to provide premium products and brands to both medicinal and adult use consumers.

Next Green Wave Holdings Inc (NXGWF) (NGW) today announced that it has been granted Conditional Use Permits for nursery and both non-volatile and volatile extraction operations for its 3,240 ft² indoor facility by the City of Coalinga, CA. The Company has also received approval for the facility site design allowing for construction preparations to commence.

Following this announcement, Leigh Huges, CEO of Next Green Wave Holdings Inc (NXGWF) (NGW), said, "we would like to thank the City of Coalinga, its Council members and the Planning Commission for their continued support. Once regulatory approval and occupancy is granted, this facility has an immediate impact on our revenues and our ability to bring Intrexon Corporation into our nursery research and innovation project. This is a pivotal moment for Next Green Wave as we actuate our second facility."

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Innovative Industrial Properties Inc (IIPR) found itself in headlines earlier this month when the Company announced that its operating partnership subsidiary, IIP Operating Partnership, LP, priced a private offering of $125 million aggregate principal amount of 3.75% exchangeable senior notes due 2024. The operating partnership has granted the initial purchasers of the Notes a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of the Notes to cover over-allotments if any.

Per the details of the announcement, the operating partnership intends to use the net proceeds from this private offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry that are consistent with its investment strategy, and for general corporate purposes.

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Canopy Growth Corp (CGC) announced earlier this week that it has named Hilary Black as its Chief Advocacy Officer, effective immediately. In her expanded role, Hilary's mandate includes driving patient advocacy efforts worldwide, executing the Company's global corporate social responsibility strategy, and leading the implementation of best practices for diversity & inclusion.

Following the announcement, Mark Zekulin, President and CEO of Canopy, said, "as Chief Advocacy Officer, Hilary will further advance our mission to positively impact the wellbeing of neighbors, customers, and communities globally. Today's announcement marks a significant step forward in our efforts to scale our corporate social responsibility initiatives and advocacy efforts on a global level."

For More Information On Canopy Growth Corp, Click Here

Aurora Cannabis Inc (ACB) yesterday 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". On February 21, 2019, 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.