Yahoo Finance These 4 Marijuana Stocks Stepping Up The Game
CORAL GABLES, FL / ACCESSWIRE / January 11,2019 / The end of the year was a large turning point for the marijuana industry, as the year's events were instrumental in cementing the growth of the cannabis sector around the world. Specifically, in North America, many variables have fallen into place thathave allowed for more favorable opinion surrounding cannabis. In turn, the trends towards accepting cannabis, and its countless uses, has allowed for companies in the space to attract investor attention. Whereas cannabis endured countless generations of prohibition, following the recent passing of the US Farm Bill, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking tothe space. As we continue into the new year and watch for the possibilities it may hold, CLS Holdings USA Inc (CLSH), Charlotte's Web Holdings Inc (CWBHF), Acreage Holdings Inc (ACRGF), and CannTrust Holdings Inc (OTC PINK: CNTTF) represent 4 companies worth looking into on Friday.
CLS Holdings USA Inc (CLSH) is a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries. The Company's business model is comprised of licensing operations, processing operations, professing facilities, product sales, and brand creation. Earlier in 2018, CLS Holdings USA Inc (CLSH) closed on its acquisition of Oasis Cannabis, a company which announced that packaged marijuana product represented 67% of its total sales. As a cannabis retailer for the state of Nevada, Oasis served over 127,000 customers in its first year of adult-use sales.
CLS Holdings USA Inc (CLSH) announced earlier this week that it would be providing investors with a corporate update to highlight its achievements and ongoing activities. Per the update, the Company's common shares will commence trading on the Canadian Securities Exchange, or CSE, at the opening of the market on January 7,2019 under the ticker symbol "CLSH."
Jeffrey Binder, Chairmanand CEO of CLS Holdings, stated, "This is an exciting day for CLS as it opens up an entirely new base of knowledgeable cannabis investors. The company has worked hard to achieve this listing and we are appreciative of the opportunity to have our company listed on such a terrific platform."
For More Information On CLS Holdings USA Inc, Click Here
Charlotte's Web Holdings, Inc (CWBHF) saw its shares trading at $12.96 per share in early mid-afternoon trading on Friday, up from Tuesday's close of $12.54, likely due to the Company's recent announcement that Eugenio Mendez, former Vice-President of Global Marketing of Water, for Coca-Cola, to take on the newly formed role of Chief Growth Officer, effective January 15, 2019.
Hess Moallem, President and CEO of Charlotte's Web, said, ''We're very excited to have Eugenio formally join our Company. Over the past sixteen months, I've had the opportunity to work closely with Eugenio and have been deeply impressed with his global vision and experience within the consumer-packaged goods ("CPG") industry, Eugenio's appointment illustrates the high caliber executive talent we are attracting to support the Company's next phase of growth.''
For More Information On Charlotte's Web Holdings, Inc, Click Here
Acreage Holdings Inc (ACRGF) announced in early December that it had signed into a definitive agreement with Form Factory, Inc for the Company to acquire Form Factory, in an all-stock transaction valued at $160 million. Per the official press release, Acreage will issue approximately 6.4 million Subordinate Voting Shares to Form Factory shareholders at a deemed price of $25 per share.
Kevin Murphy, Founder, Chairman, and Chief Executive Officer of Acreage Holdings, said, "creating a wide range of products that meet the diversified tastes of consumers and owning the national manufacturing and distribution platform to ensure their consistent and predictable delivery on a national basis is a key to long-term success and value creation in the cannabis industry. With this acquisition, we are now positioned to be both the first and only national cannabis CPG company and distribution platform in the U.S. cannabis industry. The combination of the largest U.S. operational footprint, combined with the unique food and beverage manufacturing capabilities of Form Factory sets us on a direct path to becoming the Procter & Gamble of cannabis."
For More Information On Acreage Holdings, Inc, Click Here
CannTrust Holdings Inc (CNTTF), one of Canada's leading provers of Cannabis and the 2018 Canadian Cannabis Awards ‘Top Licensed Producer of the Year," found itself in headlines earlier this week when the Company shared that it had applied to list its common shares on the New York Stock Exchange.
Peter Aceto, CEO of CannTrust, commented on the announcement, saying, "CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in trust, scienceand innovation. A listing on the NYSE is a natural step forward in our evolution as we look to broaden our investor base, increase the Company's exposure and expand our business on an international scale."
For More Information On CannTrust 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 CLS Holdings USA Inc. (CLSH), Midam has been paid $100,000 from CLS Holdings USA Inc. (CLSH) for a period from November 30,2018 to December 30, 2018. We may buy or sell additional shares of (CLSH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about CLS Holdings USA Inc. (CLSH). For disclaimer information, click here for our full disclaimer.
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