Yahoo Finance These 4 Marijuana Stocks Could Be Positioned For A Big Year
CORAL GABLES, FL / ACCESSWIRE / January 14, 2019 / Marijuana stocks have had quite a solid week during the beginning of January. Companies in the nascent sector have been able to enjoy significant movement due to major legislative changes and increasing excitement sweeping throughout the market. Recently the conversation has shifted to how the market will respond following Congress' passing of the farm bill which will allow $867 million to go the agricultural industry as a result of the legalization of hemp. American Premium Water Corporation (HIPH), Isodiol International Inc (ISOLF), Cronos Group Inc (CRON) (CRON), and KushCo Holdings Inc (KSHB) are 4 pot stocks that are bringing the heat.
American Premium Water Corporation (HIPH) is a company you may not have heard of, but could benefit from taking a look at. The Company is a luxury consumer products corporation invested in discovering different use cases for the molecular potential of hydrogen, as well as nano technologies, in congruence with cannabidiol (CBD) to optimize product offerings to treat health disorders and enhance the quality of life for consumers.
American Premium Water Corporation (HIPH) saw itself in headlines earlier this month when the Company announced that it had signed into an agreement with Cutting Edge Beverages to be the Company's official distribution agent in the Northeast. According to the announcement, Cutting Edge has relationships with large grocery chains, natural health stores, convenience stores, and independent retailers.
Ryan Fishoff, Chief Executive Officer and Interim Chairman of American Premium Water Corporation (OTC:HIPH), said, "I am happy to announce that we have brought on Cutting Edge Beverage to lead our efforts to expand our retail footprint in the Northeast. With the passage of the 2018 Farm Bill, the 'gloves have come off'. All retailers are looking to get CBD products on their shelves and we are working feverishly to fill the demand. Cutting Edge will connect us with the retailers that will provide the Company that ability to expand its footprint while increasing brand awareness."
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Isodiol International Inc (ISOLF) announced in late-December that it had entered into a binding letter agreement for the acquisition of Food Labs, Inc and a strategic investor relationship with Toba Capital LLC. Per the announcement, the transaction for Food Labs was valued at $12 million, which included $5 million cash on its balance sheet, and also brings the appointment of a new Chief Executive Officer and Chairman of the Board of Director of Isodiol.
Michael Cancelleri, who was announced to be the newly appointed CEO of Isodiol, commented on the deal, " Isodiol is the pioneer of so many firsts in CBD and other hemp extract ingredients that it is the obvious partner for Food Labs and our mutual growth in consumer markets. I personally look forward to bringing my experience in mass retail investments to Isodiol and helping to shape Isodiol's expansion from the bulk wholesale of CBD to dominance in finished consumer goods, both as a contract manufacturer and as a brand leader."
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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."
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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 last week that Nick Kovacevich, Chief Executive Officer of KushCo Holdings, will present on the subject of "Solving Hyper Growth In Cannabis" towards the end of January.
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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 American Premium Water Corporation (HIPH), Midam has been paid $20,000 from American Premium Water Corporation (HIPH) for a period from December 21, 2018 to January 21, 2019. We may buy or sell additional shares of (HIPH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about American Premium Water Corporation (HIPH). Please click here for full disclaimer.
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