Yahoo Finance These Canadian Marijuana Stocks Just Made New Highs
CORAL GABLES, FL / ACCESSWIRE / September 12, 2018 / Marijuana stocks continue to heat up as national legalization comes closer to reality. Canada in particular is the focus as of late with a number of Canadian cannabis stocks benefiting in a big way from new highs in the market.
According to estimates by cannabis researchers at ArcView Market Research in partnership with BDS Analytics, the latest revenue projections for the U.S. medical cannabis industry in 2018 is $4.3 billion versus $6.7 billion for adult use. Last year, medical marijuana sales came in just under $6 billion while adult use grabbed $2.6 billion. With these statistics in mind, it's no wonder why a number of pot stocks are hitting new highs this week.
IntegratedCannabis Company (ICNAF) (ICAN) successfully acquired all of the issued and outstanding shares of 1127466 B.C. Ltd., which holds, through a wholly-owned subsidiary, a world-wide, exclusive license for X-SPRAYS™. In a September corporate update, the company explained its business model moving forward. Managed expressed the potential of its product line following the recent acquisition stating that, "a single product selling only one unit per day in 100 stores could generate wholesale revenue in excess of tens of thousands of dollars per day."
The Company has four products that are CBDinfused, four non-CBD infused and a line of THC products that will have multiple SKU's, which will soon be launched. X-SPRAYS™ plans to roll out additional brick and mortar distribution throughout dispensaries, vape stores, gas stations, and convenience stores across the country.
Furthermore, the Company intends to launch an aggressive online marketing campaign to drive sales through the utilization of traditional on-line channels and via established product influencers. Shares of Integrated Cannabis Company are up by more than 35% since Monday morning's opening bell.
ForMore Information On Integrated Cannabis Company, Click Here
Aphria Inc. (APHQF) (APH.TO) has focused solely on the Canadian market after announcing this month that it has divested its remaining U.S. cannabis assets from its balance sheet. According to its press release, the result of this divestiture, has significantly improved the company's liquidity position while it continues to focus on the many opportunities within Canada and in other legal cannabis markets around the world.
Shares of Aphria hit fresh September highs this morning and as a result, has confirmed a run of over 130% since August 14.
ForMore Information On Aphria, Click Here
Namaste Technologies (NXTTF) (TSX-V:N.V) has also enjoyed a multi-week rally. Since August 14th, shares of the company are up by more than 150%. The company's wholly-owned subsidiary, Namaste Bahamas Inc. has signed a distribution agreement with BlueSky Biologicals Inc. BlueSky is a vertically integrated global provider of CBD and innovative cannabinoid blended formulas produced from hand harvested industrial hemp fields.
Namaste Bahamas will distribute BlueSky's full-spectrum, hemp-derived cannabidiol products in its UK and European marketplace. According to the company, Namaste's launch of CBD sales in the UK and EU are the first steps of the Company's initiative to leverage its platform, technology and consumer databases to enter into cannabis consumable sales in the UK and EU.
ForMore Information On Namaste, 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 Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 6 months beginning September 4, 2018 and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company.
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