Yahoo Finance 3 Marijuana Stocks Investors Are Watching Ahead Of Midterms
CORAL GABLES, FL / ACCESSWIRE / November 5, 2018 / The upcoming US midterm elections could be pivotal in progressing marijuana legalization. Many candidates have expressed support for legalization. Furthermore, any loosening of cannabis restrictions could mean more opportunities for U.S. marijuana companies.
Additionally, if Jeff Sessions - who calls pot a "very real danger" and said "Good people don't smoke marijuana" - leaves, a more clear road to legalization is also a possibility. President Trump has publicly expressed his frustration over Sessions' decision to recuse himself from the investigation into whether the Trump campaign colluded with Russia in the 2016 presidential election.
Mr. Sessions in January said he was rescinding the Cole Memo, which instructed a lighter enforcement approach from the federal government to states that legalized cannabis. As the potential for further legalization remains, three marijuana stocks to watch this week include ICC International Cannabis Corp. (KNHBF) (WRLD), Choom Holdings Inc. (CHOO.CN) (CHOOF), and Cronos Group (CRON) (TSX:CRON.TO)
ICC International Cannabis Corp. (KNHBF) (WRLD) provided a corporate update pertaining to the continued development of its medical Cannabis and cannabinoid portfolio.
ICC International Cannabis Corp. (KNHBF) (WRLD) announced a strategic partnership with GreenTree International Inc., the parent company of Amercanex. The Companies will collaborate to deploy Amercanex's revolutionary ECM across all of International Cannabis' present and future operational jurisdictions, thereby creating the International Cannabis Exchange.
Eugene Beukman, chief executive officer and director of ICC International Cannabis Corp. (KNHBF) (WRLD) stated: "Amercanex offers a transparent and secure marketplace that will allow International Cannabis to continue to operate in a forum with clear regulatory oversight. This Partnership provides International Cannabis with all the tools needed to monitor, track and audit orders and activities of Cannabis and Hemp market participants. International Cannabis and Amercanex's strategic alliance complements our shared visions to become worldwide leaders in the Cannabis and hemp industries."
ICC International Cannabis Corp. (KNHBF) (WRLD) has been expanding globally during recent months. On October 23, 2018, the Company acquired Polannabis Holdings. Polannabis, through a subsidiary, controls a Polish hemp processing and extraction license. The license permits the extraction and manufacturing of cannabinoid-(CBD)-derived products from hemp. Polannabis has access to over 850 acres of premium hemp crops, estimated to produce up to 6,800 tons of material for CBD extraction.
For More Information On ICC International Cannabis Corp, Click Here
Choom Holdings Inc. (CHOO.CN) (CHOOF) announced this morning that that Aurora Cannabis and Choom have completed a non-brokered private placement of a debenture in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom at a conversion price of $1.25 per Common Share, with a four year maturity date. Aurora has also secured the right to acquire up to 40% of the Company at $2.75 per Common Share.
Choom is currently developing a network of retail stores which will feature a curated selection of products from various licensed producers with a strong focus on elevated customer experiences. Choom has secured the rights to 45 retail opportunities across Western Canada, rapidly expanding its commercial presence in highly strategic locations. This includes a total of 45 applications submitted, with 27 development permits and 18 building permits received from the various municipalities. In all cases, the retail opportunities are subject to the necessary provincial and municipal government approvals.
Chris Bogart, President & CEO of Choom, added, "This is a transformational investment from Aurora, one of the world's leading cannabis companies, that helps accelerate our growth and expand our retail footprint to be one of best positioned and largest retailers in the country.''
For More Information On Choom, Click Here
Cronos Group (CRON)(CRON.TO) will announce its financial results and hold its Third Quarter 2018 Earnings Conference Call on Tuesday, November 13, 2018 at 8:30 a.m. EDT. Senior management will be available for questions from the investment community after prepared remarks.
In response to the recent legalization efforts in Canada, Cronos CEO Mike Gorenstein, stated, "At Cronos, we take pride in leading the industry forward responsibly and are motivated to create meaningful products that excite our consumers and bring happiness and an improved quality of life. The growth potential in the cannabis industry is vast and extends well beyond the flower. With our differentiated brands, global footprint, growing production capacity and commitment to cannabinoid innovation, Cronos is well positioned to realize this opportunity."
For More Information On Cronos Group, 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 ICC International Cannabis Corp. (WRLD.CN) (KNHBF). Midam is being paid $150,000 for a period of 30 days beginning October 25, 2018 and ending November 25, 2018. We own 0 shares of ICC International Cannabis Corp. (WRLD.CN)(KNHBF). We may buy or sell additional shares of (WRLD.CN)(KNHBF) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about ICC International Cannabis Corp. (WRLD.CN)(KNHBF). Please click here for full disclaimer
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