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3 Marijuana Stocks That Have Made Big Moves This Year

CORAL GABLES, FL / ACCESSWIRE / November 5, 2018 / National support for marijuana legalization continues to grow as around two-thirds of the US supports legalization. This is including a majority of Republicans by some estimates and several analysts see more gaps being filled in the U.S. legal states on Tuesday's midterms. Even though cannabis is federally illegal, analysts see deepening cracks in the barriers of legal resistance. Canaccord analyst Bobby Burleson said in a research note, "We believe his year's midterms will reinforce the notion that cannabis in the U.S. has (passed) the tipping point on its way to eventual full legal status."

As more investors eye the growing cannabis industry, three marijuana stocks to watch this week include Integrated Cannabis Company (ICNAF) (ICAN), Aurora Cannabis (ACB) (ACBFF) (TSX:ACB.TO), and Aleafia Health Inc. (ALEAF) (TSX-V:ALEF.V)

Integrated Cannabis Company (ICNAF) (ICAN) currently has a product portfolio of CBD and THC oral sprays and has also begun expanding its offering for new products. In a recent announcement, Integrated Cannabis Company (ICNAF) (ICAN) announced an agreement to license Cannabidiol (CBD) formulated gummies.

Integrated Cannabis plans to begin distributing CBD-based gummies through its contract manufacturer, Titration Technologies, in Phoenix, Arizona.

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Integrated Cannabis Company (ICNAF) (ICAN) previously announced the completion of a market-ready Tetrahydrocannabinol-infused spray product and the required licensure for manufacturing of the product in Colorado. The THC product employs the same nanotechnology used to enhance the CBD-infused X-SPRAYS™, resulting in higher bioavailability and faster uptake versus capsules or powder. The Company continues to enhance the flavor profiles in order to find an optimal formula.

Shares of Integrated Cannabis Company (ICNAF) (ICAN) have climbed by 50% over the last 2 months. On September 5, the opening price was $0.46 and Monday saw shares of Integrated Cannabis Company (ICNAF) (ICAN) rallying to highs of $0.69.

For More Information On Integrated Cannabis Company (ICNAF) (ICAN), Click Here

Aurora Cannabis Inc. (ACB) (ACBFF) (ACB.TO) announced today that the company and Choom Holdings Inc. 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 an emerging adult use cannabis company that has secured one of the largest retail networks in Canada. "Choom has developed a strong brand identity that radiates throughout its developing network of retail stores, which is well aligned with Aurora's overall adult usage strategy," said Terry Booth, CEO of Aurora. "Through this strategic investment, Aurora further diversifies its retail strategy, with additional retail opportunities across Western Canada, and future potential opportunities in the Ontario market. We are pleased to increase our stake in Choom and support them as they execute on introducing their unique retail brand to Canadian cannabis consumers."

For More Information On Aurora Cannabis, Click Here

Aleafia Health Inc. (ALEAF) (ALEF.V) has seen higher trading volume during Monday's morning session. The company announced last week that it had entered into a non-binding term sheet with CannaPacific Pty Ltd. Upon completion of the transaction, Aleafia will acquire a 10% equity stake in CannaPacific.

"We are extremely pleased to collaborate with CannaPacific, a company with the team in place to quickly capture market share in Australia," said Aleafia CEO Geoffrey Benic. "This transaction, once completed, will place Aleafia at the epicenter of what we expect will be a major growth center in the global medical cannabis market."

CannaPacific is a Licensed Australian Medical Cannabis company based in Newcastle and the Macleay Valley on the mid-north coast of NSW, Australia. As at the date of this Term Sheet, CannaPacific has been granted licenses to cultivate, produce and research medical cannabis in Australia and has a 53,000 sq. ft. cannabis cultivation and plant research facility currently under construction.

For More Information On Aleafia Health, Click Here

About marijuanastocks.com

MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana-related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication.

Legal Disclaimer

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 Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 4 2018 and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. As of November 5, 2018 a member of MAPH holds a total of 50,000 shares and 710 call options of Aurora Cannabis purchased in the open market and may be sold at any time. Our disclaimers will update at such time. Please click here for full disclaimer.

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SOURCE: MarijuanaStocks.com