Yahoo Finance 3 Marijuana Stocks to Watch as Interest from Investors Increases This Month
CORAL GABLES, FL / ACCESSWIRE / October 29, 2018 / Marijuana stocks appear on track to snap the multi-day losing streak. The decline in stock prices for cannabis stocks began just as Canada became the first G7 country to legalize marijuana across the country. Investor interest in the industry continues to increase as leading pot companies continue to chip away at legal barriers, where the federal government still outlaws cannabis in the US. Currently, nine states and Washington, D.C., have legalized recreational marijuana, while 29 states have legalized medical cannabis.
3 cannabis stocks to watch ahead of US midterm elections and the potential shift to add more states to the list of legal locales includes ICC International Cannabis Corp. (WRLD.CN)(KNHBF), Tilray (TLRY), andCannTrust (OTC PINK: CNTTF)(TSX:TRST.TO)
ICC International Cannabis Corp. (WRLD.CN)(KNHBF) has created a corporate strategy to plan, design, build and operate the highest quality, lowest cost Cannabis production, processing and distribution facilities worldwide. Last week the company announced that it has acquired Polannabis Holdings. Polannabis, through its 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. There has been a big push by some of the larger cannabis companies to include a strategy to increase a global footprint and Poland maintains a focus.
ICC International Cannabis Corp. (WRLD.CN)(KNHBF)'s immediate investment in Polannabis will increase its CBD extraction capacity to an initial run-rate of over 2,400,000 grams per year, prior to the Phase II build out which will begin in 2019. ICC has also engaged an Israeli based cannabis company, Sababa Sciences, to design, build and oversee the expansion of Polannabis' Polish assets. Sababa's team has extensive experience in cannabinoid extraction, organic cultivation, product developmentand medical research.
For More Information On ICC International Cannabis, Click Here
Tilray (TLRY) shares saw higher trading prices during Monday's premarket session. Thepot stock continued its run that began during the late afternoon trading session last week. Earlier this month the company announced that it has completed an acquisition of its existing import and distribution partner Alef Biotechnology SpA. The acquisition is said to allow Tilray to import, produce and distribute Tilray branded medical cannabis products in Chile and to create a hub to distribute Tilray products throughout Latin America.
Tilray focuses on medical cannabis research, cultivation, processing, and distribution. Tilray is said to be the first GMP-certified medical cannabis producer to supply cannabis flower and extract products to tens of thousands of patients, physicians, pharmacies, hospitals, governments and researchers on five continents.
Over the last few weeks, shares of Tilray pulled back to lows not seen since late September.
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CannTrust (CNTTF)(TRST.TO) is a licensed producer of cannabis in Canada. The company continues to develop its reach and global footprint and recently announced that it has entered into a strategic partnership with Australian licensed producer, Cannatrek Ltd.
Cannatrek is one of the first Australian vertically integrated enterprises to be awarded a cannabis research, cultivation, manufacturing, salesand import license by federal and state governments and is pioneering a world class 1.7 million sq. ft. greenhouse facility, which will position Cannatrek to be one of the lowest cost producers in Australia. This greenhouse project, when completed, will provide significant supply for the Asia-Pacific region and will allow CannTrust to purchase quality, low-cost cannabis from Cannatrek.
"We will continue to invest in strategic alliances with well-positioned business partners to maintain our position as a front-runner in the cannabis industry both in Canada and globally," says Peter Aceto, CEO,CannTrust.
For More Information On CannTrust, 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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