Yahoo Finance 3 Pot Stocks That Could Make New Highs On Wednesday
CORAL GABLES, FL / ACCESSWIRE / September 26, 2018 / According to Grand View Research, ''The global legal marijuana market size was valued at USD 9.3 billion in 2016 and is expected to exhibit a CAGR of 34.6% during the forecast period. The market is expected to witness significant growth owing to legalization in several countries and high demand for both medical and recreational purposes.''
The number of companies operating in the legal cannabis market has jumped. Producers are targeting the expansion of their customer base by offering a number of products as well as expanding the distribution footprint. Products currently being offered include varieties of strains and extracts such as oils, tinctures, resins, and edibles. As this continues to be a focus on the markets, recent corporate developments by some have helped to fuel this marijuana stock boom.
Integrated Cannabis Company (ICNAF) (ICAN) is creating health and lifestyle product portfolio utilizing advanced delivery systems and formulations that involve cannabis. The company has just 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 an historical patient database of more than 120,000 in the two states.
Integrated Cannabis has also begun developing a THC-Infused spray product. In comparison to other THC products in the market, Integrated Cannabis Company's THC product employs the same nanotechnology used to enhance its CBD-infused X-SPRAYS™, resulting in higher bioavailability and faster uptake versus capsules or powder.
Shares of Integrated Cannabis Company have followed the cannabis industry trend closely. The latest move has seen the stock jump from $0.6698 to a closing price of $0.85 on Tuesday. This represents a move of roughly 27% in about 1 week.
For More Information On Integrated Cannabis Company, 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.
However, after the market closed Monday, the company announced that it has successfully exported medical cannabis from Canada to Australia to distribute to critically ill children. Tilray 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.
Tilray first announced that the company successfully exported medical cannabis products to Victoria in March 2017.
What's Next? For More Information On Tilray, Click Here
Supreme Cannabis Co. Inc. (SPRWF)(FIRE.V) said Wednesday its 7Acres subsidiary has entered into a supply agreement with Tilray Inc. subsidiary Tilray Canada. Under the 12-month agreement starting Oct. 1, which is estimated to have a value of C$12 million ($9.3 million), 7Acres will provide dried cannabis to Tilray Canada to be used primarily to support medical cannabis patients in Canada.
"We are excited to be entering into this agreement with Tilray, an organization - like Supreme Cannabis - that focuses on the end user and demands leading quality assurance standards," said John Fowler, President of The Supreme Cannabis Company. "Tilray has built an industry-leading global medical distribution platform, which has resulted in robust demand for high quality cannabis products. We are happy to provide 7ACRES premium products alongside Tilray's well-regarded and existing lineup to support medical patients around the world."
For More Information On Supreme Cannabis, 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 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. Please click here for full disclaimer
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