Yahoo Finance 3 Cannabis Stocks Pushing for Growth In 2018
CORAL GABLES, FL / ACCESSWIRE / October 17, 2018 / Cannabisstocks are in the spotlight today as the country begins the roll out of its legal marijuanamarket. According to Arcview Market Research and its research partner BDS Analytics, over the next 10 years, thelegal cannabis industry will see much progress around the globe. Spending on legal cannabis worldwide is expected to hit $57 billion by 2027. The adult-use (recreational) market is expected to cover 67% of the spending;medicalmarijuana will take up the remaining 33%.
Right now, investors are looking at a number of cannabis companies working to take full advantage of this market boom including Next Green Wave (NGW), Aphria Inc. (APHQF)(APH), and Canopy Growth (CGC)(WEED).
NextGreen Wave (NGW) released news this week that it has entered into a letter of intent whereby NextGreen Wave (NGW) intends to acquire 100% of Loud Seeds, LLC along with the Loud Seeds brand and all of its related assets. As consideration for the Transaction, Next Green Wave intends to distribute $2,000,000 in common shares of the Company to the shareholders of Loud Seeds.
Leigh Hughes, Executive Chairman of NextGreen Wave (NGW): "Being able to bring one of the best seed banks in the world into our nursery continues to differentiate Next Green Wave from other cultivators. We are excited to join an award-winning genetics portfolio with world-class breeding skills as the construction of our first facility nears completion and begins cultivation."
Shares NextGreen Wave (NGW) have climbed to highs of $0.81 on Tuesday.
ForMore Information On Next Green Wave, Click Here
Aphria Inc. (APHQF) (APH.TO) has built strategic partnerships and global expansion, with a presence in more than 10 countries across 5 continents. Today the company commented on the latest move by Canada to fully legalize recreational marijuana.
Vic Neufeld, CEO of Aphria, said "Today we celebrate the end of nearly a century of prohibition and the beginning of an exciting new chapter for the cannabis industry. The Cannabis Act, which comes into effect today, cements Canada's global leadership in this rapidly expanding industry. This is an historic moment as we march into the future of cannabis."
Though shares of the company gapped down, Aphria's price jumped nearly 7% from the opening bell.
ForMore Information On Aphria, Click Here
Canopy Growth (WEED.TO) (CGC) also fell victim to a gap down during Wednesday's early morning session. Though shares opened lower than its previous close, the stock managed to move up from its lows of $48.30. Many investors are watching this company after one of the largest beer, wine and spirits companies, Constellation Brands (STZ) infused several billion dollars into the cannabis producer.
"Our investment in Canopy Growth provides us with a strong foothold in the emerging global cannabis market, which could be one of the most significant growth opportunities of the next decade," said Constellation's CEO Rob Sands. Overseas expansion and further industry growth ahead of Canada's legalization has continued to foster interest in the company from investors.
ForMore Information On Canopy Growth, 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 Next Green Wave, Midam is being paid a total of $1,075,000 for a period from October 1, 2018, and ending on April 1, 2019. We may buy or sell additional shares of (Next Green Wave) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. Please click herefor full disclaimer
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