Yahoo Finance 4 Marijuana Stocks Making Moves on Friday (1/25/19)
CORAL GABLES, FL / ACCESSWIRE / January 25, 2019 / The marijuana stock market has largely benefitted from a massive influx of capital over the course of the last few years. With so many legal initiatives occurring throughout the industry in North America and beyond, the cannabis industry has garnered copious amounts of public approval, resulting in the increase in investor excitement emanating from those looking for promising opportunities. Some studies have shown that the global cannabis industry is worth as much as $50 billion, which, if conditions remain the same, will only grow over time. The Green Organic Dutchman Holdings Ltd (TGOD.TO) (TGODF), Aleafia Health Inc (ALEAF) (ALEF.V), Innovative Industrial Properties Inc (IIPR), and Pyxus International Inc (PYX) represent 4 pot stocks worth keeping tabs on as we close out this week.
The Green Organic Dutchman Holdings Ltd (TGOD.TO) (TGODF)., through its subsidiary, The Green Organic Dutchman Ltd, operates as a cannabinoid-based research and development company in Canada. As a leader in the cannabis industry, the Company produces organic cannabis products, including dried flower, cannabis oils, and edibles, as well as seeds for medical applications.
In terms of creating products for the advancement of the collaborative efforts between the healthcare and cannabis sectors, The Green Organic Dutchman Holdings Ltd (TGOD.TO) (TGODF)'s products are fully lab-tested to ensure patients have access to a standardized, safe and consistent product. The Company has a funded capacity of 170,000 kgs and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec, Denmark, and Jamaica.
In recent news, The Green Organic Dutchman Holdings Ltd (TGOD.TO) (TGODF) today announced that has entered into a definitive Agreement with Queen Genetics/Knud Jepsen A/S to establish two 50/50 joint ventures; the first for the purpose of producing commercial cannabis and cannabis oilsand the second for developing and patenting innovative and commercially valuable elite cannabis genetics.
Following the Company's announcement, Brian Athaide, Director and CEO of TGOD, said, "this JV is incredibly important to furthering TGOD's presence in Europe. Knud Jepsen is a remarkable partner, having over 80 years of experience in R&D and cultivating plants in millions of square feet. As we roll out multiple phases of our JV and plan to increase the partnership to multiple countries across Europe, leveraging Knud Jepsen's expertise as operators, and our expertise in cannabis will be critical to TGOD's expansion throughout the continent."
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Aleafia Health Inc (ALEAF) (ALEF) today announced the Company's first study reporting reduced benzodiazepine use among patients initiated and monitored on medical cannabis. Benzodiazepines, a class of psychoactive drugs, include the most common sedatives and anti-anxiety medications. The report found that 45.2 percent of patients regularly consuming benzodiazepines had stopped taking the medication within approximately six months of beginning medical cannabis.
Dr. Michael Verbora, Chief Medical Officer of Aleafia Health, commented on the report, and said, "due to regulatory hurdles and lingering stigma, there remains a shortage of medical cannabis research. At Aleafia, we will continue to leverage our IP and leading cannabis data to further advance patient care through advanced treatment methods and specialized product development."
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Innovative Industrial Properties Inc (IIPR), one of the few real estate companies trading on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced at the tail-end of December 2018 that it closed on the acquisition of a property in Barry, Illinois, which comprises approximately 75,000 square feet of industrial space situated on approximately ten acres.
In a press release regarding the Company's expansion announcement, Paul Smithers, President and CEO of Innovative Industrial Properties, said, "we are very pleased to close on this transaction with Ascend in Illinois, marking our ninth state where we own properties. We look forward to supporting Ascend as their long-term real estate partner, as they launch and continue to expand their operations in a number of states to meet the tremendous demand for patient treatment."
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Pyxus International Inc (PYX) released an official statement of support in mid-December 2018 recognizing the monumental improvements for the cannabis industry following the signing of the 2018 Farm Bill into law.
The statement, given by Pieter Sikkel, President, CEO, and Chairman of the Board of Pyxus International Inc said, "We applaud the passage of the 2018 Farm Bill, which was signed into law today by the President. The permanent removal of hemp from the Controlled Substances Act, deeming it an agricultural commodity, is a win for all – farmers, consumers, and businesses. As a result of this legislation, federally-regulated institutions, including banks and credit card companies, may freely conduct business with the hemp industry."
For More Information On Pyxus International 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 http://MarijuanaStocks.com), Midam Ventures LLC and The Green Organic Dutchman, Midam is being paid $20,000 per month for a period beginning July 30, 2018, and ending July 30, 2019. We may buy or sell additional shares of (TGODF/TGOD) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about The Green Organic Dutchman. The principles of MAPH participated in the IPO for The Green Organic Dutchman Holdings, Ltd. (TGOD) & own a collective 121,596 free trading shares & 9,725 warrants. The principals of MAPH intend to sell their positions in (TGOD) for profit. MAPH nor any of its principals have been compensated for any material related to (TGOD). As of January 25, 2019, a member of MAPH Enterprises LLC holds freely trading 231,300 shares and 150,000 warrants of The Green Organic Dutchman (TGODF) purchased in the open market. These may be sold at any point. This disclaimer will be updated at such time. For disclaimer information, click here.
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