Yahoo Finance 4 Marijuana Stocks Leading Tuesday's Bull Charge
CORAL GABLES, FL / ACCESSWIRE / January 15,2019 / 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), GW Pharmaceuticals plc (GWPH), Cronos Group Inc (CRON) (CRON), and Charlotte's Web Holdings Inc (CWBHF) are 4 pot stocks that are bringing the heat.
American Premium Water Corporation (HIPH) is a company you may not have heardof, 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 asnano 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) today announced that it has entered into a financing agreement with an institutional investor at $0.40 valuation, ten times the current market valuation. As part of the agreement, a substantial portion of the Company's convertible debt will be retired. The retirement will be reflected in the Company's 1st quarter 2019 financials. Per terms of the agreement, the investor shall remain anonymous.
Ryan Fishoff, Chief Executive Officer and Interim Chairman of American Premium Water Corporation (HIPH), said, "I am thrilled to announce that the Company has entered into this agreement at a 10x valuation! This is an affirmation of the Company's business plan and the initiatives it has implemented over the past year. It's a vote of confidenceto the direction of the Company and we will continue to work hard to execute on the business plan to achieve the goals and benchmarks that I laid out for 2019. There is still a tremendousof work to do, but we (the Company) are certainly emboldened by this financing agreement, which will give the Company the capital to implement its 2019 plan.
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GW Pharmaceuticals plc (GWPH) announced, just before the strike of the new year, that the biopharmaceutical company would present a company update at the J.P. Morgan 2019 Healthcare Conference in San Francisco, CA onTuesday January 8, 2019. According to the press release regarding the announcement, Justin Goyer, GW's Chief Executive Officer will be honored with making the Company's presentation.
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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, Presidentand 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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Charlotte's Web Holdings, Inc (CWBHF), one of the market leaders in whole-plant hemp extract products with naturally occurring cannabidiol, today reported its 2018 harvested hemp results. According to the announcement, the Company reported more than ten times growth in harvested hemp compared to its 2017grow season.
In a press release regarding the matter, Hess Moallem, President and CEO of Charlotte's Web, said, "Charlotte's Web is one of only a few hemp CBD producers capable of supplying large volumes of high-quality hemp extract from its own supply chain that can meet significantly increasing market demand. As the category and brand leader, our goal is to increase our market share and with this bountifulharvest we are able to satisfy our customer demands for 2019 and beyond.
For More Information On Charlotte's Web Holdings, 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 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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