Yahoo Finance These 4 Marijuana Stocks Could Test January Highs
CORAL GABLES, FL / ACCESSWIRE / January 14, 2019 / The past week has been extremely exciting for the world of cannabis, and, more specifically, the marijuana industry. Riding out the momentum of last year's monumental legislation, the sector has received much-need notoriety. With the passing of the Farm Bill at the tail-end of December, the cannabis sector, many variables have fallen into place that have allowed for more favorable opinion surrounding marijuana stocks, which has resulted in more investors interested in getting involved in the space. Following the passing of multiple pieces of legislation, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking tothe space. Next Green Wave Holdings Inc (NXGWF) (NGW), Green Growth Brands Inc (GGBXF), Curaleaf Holdings Inc (OTC PINK: CURLF), and Canopy Growth Corporation (CGC) (WEED.TO) are 4 pot stocks making headlines this month.
Next Green Wave Holdings Inc (NXGWF) (NGW) is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, the world's largest cannabis market. Presently, the Company owns and operates over 15 acres of cannabis-zoned development land is nearing completion on its first proprietary engineered 35,000 sq. ft. facility. In mid-December, Next Green Wave Holdings Inc (NXGWF) (NGW) announced that it had qualified to trade on the OTCQB Venture Market, while also making clear its intention to seek the Depositary Trust Company eligibility.
In more recent news, Next Green Wave Holdings Inc (NXGWF) (NGW) made headlines today when it announced that it had completed all major structural construction on its first indoor cannabis production facility in Coalinga, California, and mobilized crews to connect all infrastructure to Pacific Gas and Electric's power grid. The installation is expected to be completed within a few weeks and will be subject to a final city inspection for the issuance of an occupancy permit, according to the announcement.
Leigh Huges, Executive Chairman of Next Green Wave Holdings Inc (NXGWF) (NGW), commented on the recent announcement, saying, "This is a major advancement having Michael become the head of operations and lead our new research and innovation division in developing new cultivars to add to our genetic archive. I'm looking forward to taking ownership of this additional role and focus my efforts on our growth strategy and mergers and acquisition opportunities."
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Green Growth Brands Inc (GGBXF) found itself in headlines at the tail-end of last week when it announced an agreement with DSW Inc to sell hemp-derived cannabidiol personal care precuts under the Seventh Sense Botanical Therapy brand at select DSW stores through the US. Seventh Sense brand offers high-quality CBD-infused products and affordable prices, including muscle balms, body lotions, body washesand foot creams.
In a press release regarding the agreement, Peter Horvath, CEO of Green Growth Brands, commented, "DSW is the number one full line adult footwear specialty retailer in North America. They have revolutionized shopping for shoes and accessories and we are thrilled they chose to partner with our company, allowing us to introduce a new product category to their customers."
For More Information On Green Growth Brands Inc, Click HereCuraleaf Holdings Inc (CURLF) announced back in September that its New Jersey-based subsidiary, Curaleaf New Jersey, had launched a new line of natural, terpene rich, strain specific, vaporizable cannabis concentrates for patients of its Bellmawr dispensary.
At the time of the announcement, George Schidlovksy, Curaleaf New Jersey's president, said, "Receiving approval to launch these products is an important milestone in the progression of Curaleaf's operations as well as in New Jersey's medical cannabis program. As the largest dispensary on the East Coast, serving hundreds of patients daily, Curaleaf has the resources and production capacity to reliably market and distribute new products that our patients depend on to live life well."
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Canopy Growth Corporation (CGC) (WEED) lauded the passing of the US 2018 Farm Bill in a press release early last week. The Company included, in their praise, updates on their hemp operations as they prepare for US market entry due to hemp's legalization from the new bill.
Bruce Linton, Chairman, and Co-CEO, Canopy Growth, said, "Canopy has been preparing for and investing in this opportunity for several years now, through strategic acquisitions, infrastructure expansion, and extensive internal research and development. With the door now open, we are moving fast to bring our considerable resources to establish the same market leadership position internationally that we have earned in the Canadian cannabis market.
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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 Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1,2018 to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. Midam has been compensated an additional $75,000 and has extended its period of coverage to January 8, 2019. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. For disclaimer information, click here.
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