Yahoo Finance 4 Marijuana Stocks To Watch On Tuesday (2/12/19)
CORAL GABLES, FL / ACCESSWIRE / February 12, 2019 / The 2019 year has already managed to be a catalyst for growth for the marijuana stock market. As we've seen in the media over the past few months, there has been a massive push for more legislation in favor of legalizing marijuana, namely because public approval has been at an all-time high. More consumers are recognizing that cannabis is not only completely safe, but it can also be used to treat a myriad of health-related issues. Back in 1937, Congress first passed the Marijuana Tax Act, which saw the nation band together to condemn the substance. Many years later, several nations including Canada have enacted laws enabling citizens to use cannabis in both recreational, as well as medical contexts. 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. Nabis Holdings (INNPF) (NAB), Aphria Inc (APHA), Canopy Growth Corp (CGC), and OrganiGram Holdings Inc (OGRMF) (OGI.V) are four cannabis companies worth looking into.
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 devised to give the Company the opportunity to identify, and subsequently acquire majority-stake interests in companies 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 ofBloombox 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, the Bloombox 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."
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Aphria Inc (APHA) enjoyed impressive gains in mid-afternoon trading on Monday, with its shares up 7.40%, trading at $9.00 per share. Towards the end of last week, the Company announced that, after much deliberation, its Board of Directors had decided to reject a hostile bid offer by Green Growth Brands Inc that would see the Company acquire all of the outstanding common shares of Aphria including any common shares that may become issued at a later date.
Irwin Simon, Aphria's independent Board Chair, commented, "regardless of their brazen attempts to suggest otherwise, GGB is asking Aphria shareholders to accept a substantial discount on their shares, as well as delisting from both the TSX and NYSE, resulting in a vast dilution of their ownership in Aphria. In return GGB offers shares in an illiquid company with limited operating history, minimal assets and no track record in the cannabis industry."
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Canopy Growth Corp (CGC) announced at the tail-end of last week that it intends to increase its total investment in Canopy Rivers Inc by $30 million. The investment will be made through a private placement of subordinated voting shares in the capital of Canopy Rivers concurrent with Canopy Rivers bought deal offering of Subordinate Voting Shares for gross proceeds of approximately $55 million.
Following the announcement of their planned investment, Bruce Linton, Founder, and co-CEO of Canopy, stated, "the strength of the Canopy Rivers team, coupled with their selective approach to business development and execution of strategic investments, creates value for shareholders and for Canopy Growth."
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OrganiGram Holdings Inc (OGRMF) (OGI) announced in late-January 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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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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