Yahoo Finance 3 Marijuana Stocks Testing New Highs This Week
CORAL GABLES, FL / ACCESSWIRE / September 28, 2018 / According to a new report from Vangst, which is a recruitment and job placement agency focused on the cannabis industry, said that legal cannabis cultivation and retail sales management are some of the most popular jobs in a growing industry. Additionally, the marijuana industry is expected to grow by 220% in 2019 alone, according to the report.
With more excitement building around the legal cannabis industry, sector stocks have begun to trade higher.
Integrated Cannabis Company (ICNAF) (ICAN) has been climbing higher this month as the company has released key announcements on new corporate developments. This week Integrated Cannabis Company announced the completion of a Letter Agreement to collaborate on X-SPRAYSTM products for the Canadian market with GTEC Holdings Ltd (GTEC) (GGTTF), a Canadian License Producer under Health Canada's Access to Cannabis for Medical Purposes Regulations. Over the coming weeks, the companies will engage with their science, marketing, and distribution teams to streamline the logistics of developing and ultimately introducing products to the Canadian marketplace.
This news comes after the company recently completed the signing of a distribution agreement with Empower Clinics Inc. As of August 31, Empower has more than 25,000 patients under care across 15 locations with medical cannabis treatments in Oregon, Washington, and Illinois. In addition, Empower has a historical patient database of more than 120,000 in the two states.
The latest move in shares of Integrated Cannabis has seen the price jump from $0.6698 to a high price of $0.98 on Tuesday. This represents a move of roughly 46%.
For More Information On Integrated Cannabis Company, Click Here
Trulieve Cannabis Corp (OTC PINK: TCNNF) (CSE:TRUL.C) is the latest new listing on the Canadian Securities Exchange, following an RTO with Schyan Exploration Inc., a reporting issuer in the Province of Ontario. Trulieve US is the first and largest fully-licensed medical cannabis company in the state of Florida and serves over 80,000 patients.
Kim Rivers, CEO, stated in an interview that, "Trulieve US was built with a patient-first mentality by focusing on improving access to medical cannabis while producing the highest quality products in the industry. Achieving this important milestone of a public listing enhances our ability to expand and serve more patients while allowing investors to participate in our growth."
Shares of the ''newbie'' pot stock have climbed sharply this week amid reports on surging growth an revenue generation compared to industry peers.
For More Information On Trulieve, Click Here
Tilray (TLRY) has taken much of the attention from the cannabis market after shares of the company's stock went on a parabolic run earlier this month. After hitting highs of $300, Tilray shares dropped as low as $97.12 on Monday.
Tilray previously announced that it will distribute its CBD 100 product to three hospitals in the state of Victoria via its wholly-owned subsidiary Tilray Australia New Zealand Pty Ltd. The products are being supplied to Royal Children's Hospital, Monash Children's Hospital and Austin Health with support from the Government of Victoria's Department of Health and Human Services, Victoria (DHHS), where they will be distributed to children suffering from intractable epilepsy.
Shares continued to trade higher on Friday as the market recovery held its weeklong trend.
For More Information On Tilray, 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 6 months beginning September 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. As of September 28, 2018, a member of MarijuanaStocks.com owns 47,000 shares of Truelieve Cannabis Corp (OTC PINK: TCNNF) (CSE:TRUL.C) which were purchased in the open market and may be sold at any time. Please click here for full disclaimer
Contact Information:
SOURCE: MarijuanaStocks.com
