Yahoo Finance Keep a Close Watch on These Marijuana Stocks
CORAL GABLES, FL / ACCESSWIRE / October 3, 2018 / Two weeks from today, Canada will be set to open its recreational cannabis industry to the public. That's right, on October 17 the wait will be over. This boom has been like no other that the cannabis industry has seen since 2013 and the reason for that is because there are a number of "traditional companies" looking to get involved now. PepsiCo said that it's taking a hard look at the cannabis industry as other beverage makers like Coca Cola are said to also be exploring the market.
"I think we'll look at it critically, but I'm not prepared to share any plans that we may have in the space right now," Chief Financial Officer Hugh Johnston told reporters on CNBC's Squawk on the Street this week. With so much attention on the market ahead of the seemingly big potential ahead, are some of these marijuana stocks on your watch list for October?
Integrated Cannabis Company (ICNAF) (ICAN) has seen its most active trading week in history of being public (so far). Shares opened the week at $1.1665 and hit highs on Tuesday of $1.43.
Last week Integrated Cannabis Company announced the completion of a Letter Agreement to collaborate on X-SPRAYSTM products for the Canadian market with a Canadian License Producer under Health Canada's Access to Cannabis for Medical Purposes Regulations, GTEC Holdings Ltd. Friday the company's stock saw its most active day since going public and during pre-market trading on Monday (10/1/2018), shares of Integrated Cannabis have traded as high as $1.16.
"Partnering with a Canadian Licensed Producer has been a major goal of ours in order to facilitate the expansion of our product line into legal, established marketplaces. The GTEC team is an ideal partner given their status asa LP and their tenure in the cannabis industry and provide a great alliance for our innovative product line," said Mr. John Knapp, CEO of Integrated Cannabis.
For More Information On Integrated Cannabis Company, Click Here
Trulieve Cannabis (OTC PINK: TCNNF)(CNSX:TRUL.C) operates many dispensaries (16) across the state of Florida. Revenue for the company has grown from $15.2 million in the first quarter to $23.3 million in the second quarter of this year. Also, according to Canopy's earnings press release, "gross margin before the fair value impacts incost of sales and other inventory charges would have been $16.5 million or 64% of sales."
According to the company, Trulieve products are hand-grown and specially cultivated in a state-approved, climate-controlled environment to ensure purity and safety. Products are designed to alleviate seizures, severe and persistent muscle spasms, pain, nausea, loss of appetite, and other symptoms associated with serious medical conditions such as cancer.
This week, shares of the cannabis company have climbed from an opening price of $12.49 on Monday to highs of $17.79 during the Tuesday trading session.
For More Information On Trulieve, Click Here
Tilray (TLRY) recently announced that High Park Farms™ Ltd., a subsidiary of Tilray, Inc., announced that it has received its sales license from Health Canada to sell cannabis under the Access to Cannabis for Medical Purposes Regulations (ACMPR). The license will allow High Park Farms to supply and sell finished cannabis products within theACMPR as well as sales in anticipation of the launch of the adult-use market in Canada upon its legalization on October 17, 2018.
"This license marks a milestone for High Park as we aim to solidify our position as a leading provider of adult-use cannabis in Canada," said Adine Carter, Chief Marketing Officer of High Park. "We look forward to supplying provinces and territories with a variety of world-class cannabis brands and products in anticipation of the launch of the adult-use market on October 17, 2018."
Shares of Tilray tumbled on Tuesday and have briefly recovered on Wednesday morning.
For More Information On Tilray, 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. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. We own zero shares. As of September 28, 2018, a member of MarijuanaStocks.com owns 47,000 shares ofTruelieve Cannabis Corp (TCNNF)(TRUL.C) which were purchased in the open market and may be sold at any time. Please click here for full disclaimer
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