Yahoo Finance These 4 Marijuana Stocks Are Pushing Their Limits On Monday (2/11/19)
CORAL GABLES, FL / ACCESSWIRE / February 11, 2019 / The marijuana stock market has been maturing over the course of the past few years, but only recently have we seen this large amount of growth take over the market. While some analysts have focused on the largest companies by market cap, potential opportunities exist in from the lower level of the industry such as mid to small market cap companies. These companies are largely immune to volatile market conditions, and have much less bureaucratic hoops to jump through, ultimately translating to an ability to make strategic decisions quicker. For the future of the industry to be secured, lawmakers need to press onward with passing legislation in favor of cannabis, because this will allow companies in the sector to continue operating and developing novel products meant to improve the lives of consumers. If this takes place, investors looking for potential opportunities may benefit from keeping watch of companies in the marijuana industry. Nabis Holdings (INNPF) (NAB), Innovative Industrial Properties Inc (IIPR), GrowGeneration Corp (GRWG), and OrganiGram Holdings Inc (OGRMF) (OGI.V) are four cannabis companies working to propel their industry into the future.
Nabis Holdings (INNPF) (NAB) is a Canadian investment company focused on investing in high-quality cash flowing and strategic assets across multiple aspects of the cannabis sector primarily in the U.S. limited license states with a roadmap to expand globally. The Company presently works throughout the U.S. by identifying companies with high growth potential, where they can then gain a majority stake.
Nabis' corporate framework was conceptualized and put into action to enable the company to identify and acquire majority-stake interests across the broad spectrum of vertically integrated businesses, with a focus on strategic revenue generation, EBITDA and growth.
Nabis Holdings (INNPF) (NAB) announced last week that the Company has entered into a binding term sheet with Momentum Ideas Co to acquire certain assets used and marketed under the brandBloombox, including the Bloombox Software and data platform. Nabis' acquisition of Bloombox will create a dominating presence in the growing U.S. cannabis market, featuring an integrated ecosystem of modern, next-generation technology.
Per the details of the agreement, theBloombox team will work closely with Nabis Holdings (INNPF) (NAB), including Sam Gammon, the Company's inbound Chief Technology Officer following the closing of the Investment.
Shay Shnet, Chief Executive Officer and Director of Nabis Holdings (INNPF) (NAB), said, "Bloombox is a strategic investment for Nabis as it creates a very well established retail and supply chain ecosystem to be used and distributed across the Nabis' network of dispensaries across the United States," said Shay Shnet, CEO & Director of Nabis. "We look forward to working with the Bloombox team to further establish this retail cannabis software as the industry standard that we expect to be adopted by almost all cannabis retail locations, supply chain, & users."
For More Information On Nabis Holdings, Click Here
Innovative Industrial Properties Inc (IIPR), a real estate company focused on the regulated U.S. cannabis industry, announced last Friday that it had closed on the acquisition of a property in Sacramento, California, which comprises approximately 43,000 square feet of industrial space. This acquisition marks IIP's first investment in California and expands its portfolio to ten U.S. states. Per the details of the announcement, the Company purchased the space for roughly $6.7 million. Concurrent with the closing of the purchase, the Company entered into a long-term, triple-net lease agreement.
Paul Smithers, President, and CEO of Innovative Industrial Properties, said, "we are excited to add California to our portfolio. The tenant has a long track record of success serving patients in need in California, and we look forward to completing the redevelopment of the property with their team, which will enable them to significantly expand their reach."
For More Information On Innovative Industrial Properties Inc, Click Here
GrowGeneration Corp (GRWG), one of the largest specialty retail hydroponic and organic gardening chain of stores, made headlines last week when the Company its acquisition of all assets of Palm Springs Hydroponics.
Immediately following the announcement, Darren Lampert, co-Founderand CEO, said, "Palm Springs becomes GrowGen's 7th location in California and the company's 22nd store. As a recreational legal market, Palm Springs might just be the cannabis capital of California. Palm Springs ranks among the cities with the most populated retail market for cannabis in California."
For More Information On GrowGeneration Corp, Click Here
OrganiGram Holdings Inc (OGRMF) (OGI), the parent company of OrganiGram Inc, a leading licensed producer of cannabis, announced at the tail-end of last month that it had produced one million cannabis pre-rolls since the legalization of adult use cannabis in October 2018. The Company credits the automation of its processes along with surging consumer demand for the success of its large-scale production.
Greg Engel, Chief Executive Officer of OrganiGram, said, "at Organigram, we are proud to be among a select group of licensed producers who have been able to rise to the challenge of large-scale pre-roll production. Our operations team has done an amazing job introducing automation to important parts of our process, building our overall capacity while retaining our focus on product quality."
For More Information On OrganiGram 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 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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