Yahoo Finance These 4 Marijuana Stocks Are Bringing The Heat
CORAL GABLES, FL / ACCESSWIRE / January 7, 2019 / The cannabis industry has been notoriously successful over the course of the past several years. With the recent increase in capital and sheer amount of businesses entering the market, the nascent sector has seen unprecedented growth. As public opinion surrounding cannabis becomes increasingly more favorable, the marijuana industry may begin to present an appealing opportunity for investors looking into space. As experts and professionals in the field work to develop innovative approaches to developing products utilizing cannabis/hemp, the industry as a whole may benefit. ParcelPal Technology Inc (PTNYF) (PKG), KushCo Holdings Inc (KSHB), Emerald Health Therapeutics Inc (EMHTF), and Cronos Group Inc (CRON) are 4 pot stocks that are heating up on Monday.
ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the space, is taking advantage of the fact that, as technology has evolved over the years, so too has the industry surrounding delivery apps and their growing popularity. The opportunity that ParcelPal may be presenting now draws comparisons to the way early investors had an opportunity with companies like Uber and Grubhub before they went mainstream in the US.
ParcelPal Technology Inc (PTNYF) (PKG) created an on-demand marketplace where customers can shop for anything from food to clothes, and customers need only shop from the app, choose the items they want, and wait for the delivery within one hour.
In late-October 2018, ParcelPal Technology Inc (PTNYF) (PKG) announced that they would be the first company in Canada to offer on-demand delivery of cannabis and, at the time, said that they fully intend to launch the program as soon as possible.
Following this announcement, President and CEO Kelly Abbott said, "We are very excited to launch in such an underserved region in Canada. Saskatoon is currently underserved in nearly all verticals, which poses an ideal opportunity for quick penetration into this city. In light of the recent shortcomings of delivery and the shortage of supply of cannabis in the province, we feel confident that we can offer the residents of Saskatoon a cheaper, quicker, safer and more anonymous service than current providers."
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KushCo Holdings, Inc (KSHB), the parent company of innovative industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and several other entities, which provide a range of services and products in the regulated cannabis and CBD industries, announced early last week that it will issue its fiscal first quarter 2019 results press release on January 8, 2019 after U.S. markets close.
According to the announcement, Nick Kovacevich, Chief Executive Officer of KushCo, and Chris Tedford, Chief Financial Officer, will be conducting a question and answer session following their prepared remarks.
For More Information On KushCo Holdings, Inc, Click Here
Emerald Health Therapeutics Inc (EMHTF) announced in early December that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, received from Health Canada the fifth amendment to its cultivation license for its 1.1 million square foot greenhouse in Delta, BC. With an added approx. 137,000 square feet, the total licensed cannabis production area is approx. 687,000 square feet.
Dr. Avtar Dhillon, Executive Chairman and President of Emerald, said, "Pure Sunfarms is already one of the largest licensed cannabis production facilities in the industry, and we expect completion of the conversion in Q1. With deep cannabis and large-scale greenhouse-growing expertise, established operational systems, and multiple cannabis strains being grown, Pure Sunfarms is achieving industry-leading quality and yields in line with our expectations. We expect this facility to be in full production in the first half of 2019, and aim for it to be one of the best cannabis production operations in the industry."
For More Information on Emerald Health Therapeutics, Inc, Click Here
Cronos Group Inc. (CRON) made headlines earlier in December when the Company announced it had entered into a subscription agreement with Altria Group, Inc. pursuant to which Altria agreed to make an approximately $2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.
In a press release regarding the matter, Cronos Group's Mike Gorenstein, Chairman, President and Chief Executive Officer said, "Altria is the ideal partner for Cronos Group, providing the resources and expertise we need to meaningfully accelerate our strategic growth. The proceeds from Altria's investment will enable us to more quickly expand our global infrastructure and distribution footprint, while also increasing investments in R&D and brands that resonate with our consumers. Importantly, Altria shares our vision of driving long-term value through innovation, and we look forward to continuing to differentiate in this area."
For More Information On Cronos Group, Inc, Click Here
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