Yahoo Finance These 4 Marijuana Stocks are Gaining Speed
CORAL GABLES, FL / ACCESSWIRE / February 4, 2019 / The marijuana stock market has continued to demonstrate its strength despite the fact that, at times, conversation surrounding cannabis can become less than beneficial. Although society is progressing onward, in terms of its perspective on the benefits of cannabis, there are still those among us who are stuck in their ways. However, following the recent passing of legislation in favor of cannabis, namely the US Farm Bill and Canada's nation-wide legalization of recreational/medicinal marijuana usage, the cannabis industry has seen in influx in favorable public opinion, ultimately translating to an increase in investor interest in the sector. The cannabis industry as a whole is scheduled to be worth as much as $31 billion by the year 2022, which means that there is a large amount of room left still to grow. Nabis Holdings (INNPF) (NAB), Green Growth Brands Inc (GGBXF) (GGB.CN), Khiron Life Sciences Corp (KHRNF), and The Supreme Cannabis Company Inc (SPRWF) are four cannabis companies working towards improving the quality of life for their consumers.
Nabis Holdings (INNPF) (NAB) is a Company focused on strategically investing in high-quality cash flowing assets across several integral aspects of the cannabis sector primarily in the U.S. limited license states with plans to expand to global markets in the near-future. In terms of the Company's corporate strategy, Nabis' framework was born from a desire to allow the company to enable identifying and acquiring majority interests in high-quality cash-flowing U.S. cannabis assets and brands in Limited License States at fair-market prices.
Nabis Holdings (INNPF) (NAB) announced earlier this month that the Company has entered into a binding term sheet to acquire 100% of the membership units of Organica Patient Group Inc, and RDF Management Group in the State of Arizona, USA. Following the announcement of the term sheet agreement, Shay Shnet, CEO and Director of Nabis, said, "we are very excited to be working with OPG and will continue to identify accretive investment opportunities in Arizona along with other key limited license states in the coming months."
In more recent news, Nabis Holdings (INNPF) (NAB) announced last Friday that it had entered into a binding Letter of Intent to purchase assets from PDT Technologies LLC, including extraction and production equipment and rights to lease the current production facility in Port Townsend, WA. Per the details of the announcement, the LOI also includes licensing rights to produce Chong's Choice Brand CO2 Vape Cartridges, one of the leading and most recognizable brands in the cannabis space.
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Green Growth Brands Inc (GGBXF) (GGB) announced early last week that the Company had executed an arm's length definitive agreement to acquire control of ZLJT LLC & Arizona Natural Pain Solutions Inc, collectively referred to as "Desert Rose". Desert Rose holds a license for a vertically-integrated operation in Arizona, including retail, cultivation & infusion. As consideration for the membership interests, GGB will pay an aggregate purchase price of USD$12,350,000 in cash.
Following the announcement of the agreement, Peter Horvath, Green Growth Brands CEO, said, "at Desert Rose, the team is dedicated to providing their customers with medical marijuana products that are pure, safe, and efficient while striving to keep their costs as affordable as possible. This strategy fits perfectly with our plans to grow the world's premier cannabis retailing business."
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Khiron Life Sciences Corp (KHRNF) saw its shares enjoy a nice 11.21% boost in mid-afternoon trading on Monday, with shares trading at $2.13 per share. Just last week, the Company announced that it had signed a binding letter of intent agreement to establish a 50/50 joint venture with Dixie Brands Inc to introduce a full line of cannabis-infused products to the Latin American market. Per the details of the announcement, Dixie will also manufacture and distribute Khiron's Kuida® brand of cannabidiol-based cosmeceuticals in the United States, targeting the growing Hispanic population.
Alvaro Torres, Co-founder, and CEO of Khiron Life Sciences stated, "this joint venture is a combination of two companies coming together to bring great brands with highly complementary products, distribution capabilities, and expertise."
For More Information On Khiron Life Sciences Corp, Click Here
The Supreme Cannabis Company Inc (SPRWF) announced earlier this month that its wholly-owned subsidiary, 7ACRES, has obtained Health Canada approval to begin cultivating approximately 30,000 sqft of additional flowering rooms at its facility in Kincardine, Ontario. Per the details of the expansion, this raises the total flowering room space from 90,000 sqft to 120,000 sqft and 7ACRES' annual production capacity estimate increases from approximately 13,300kg to 17,500kg.
John Fowler, President, and Founder of Supreme Cannabis said, "scaling our 7ACRES facility is a top priority and today's announcement is another significant step forward towards completing that goal. 7ACRES-branded dried flower has received enthusiastic reviews from consumers across Canada. With this additional production capacity, we'll be able to better satisfy the demand from cannabis enthusiasts coast-to-coast."
For More Information On The Supreme Cannabis Company Inc, 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 Nabis Holdings (OTC:INNPF) (CSE:NAB), Midam has been paid $250,000 by Nabis Holdings (OTC:INNPF) (CSE:NAB) for a period from January 22, 2019 to April 22, 2019. We may buy or sell additional shares of (OTC:INNPF) (CSE:NAB) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Nabis Holdings (OTC:INNPF) (CSE:NAB). Click here for our full disclaimer.
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