Yahoo Finance Marijuana Stocks Continue To Soar, 3 To Watch This Week
CORAL GABLES, FL / ACCESSWIRE / September 19, 2018 / Attention on pot stocks has reached a feverish pitch this week. What started last year with Constellation Brands (STZ) getting involved with the likes of Canopy Growth (CGC) has sparked a firestorm of additional interest from other companies. Earlier this week there were even reports that soft drink manufacturer, Coca-Cola (KO) could be ready to set sail on the rising tide of the marijuana industry. We already saw other like Molson Coors (TAP) jump into the rising waters of the market. Furthermore, it has been reported that alcohol company, Diageo (DEO) is showing interest and speaking with 3 other cannabis companies for a potential entry into the space.
As Canada prepares for recreational legalization, a majority of cannabis stocks headquartered in Canada have gained attention.
Integrated Cannabis Company (ICNAF) (ICAN)
Market Cap: $25.236M
Integrated Cannabis Company is trading nearly 100% higher than it was a month ago. Since August 17, the company has been making key announcements on the progress and new products that the company is going to offer its customers.
Earlier in the summer, the company completed its long-awaited acquisition of X-Sprays ™. According to the company, online sales of the X-SPRAYS™ were initiated in late 2017 and have continued up to the present.'' These sales have been encouraging, considering the previously limited marketing budget, and the Company has seen numerous repeat customer orders which demonstrates product uptake and consumer affinity for the X-SPRAYS™.''
In its most recent press release, the company announced the completion of a market-ready THC-infused spray product and the required licensure for manufacturing of the product in Colorado. ''We are pleased to be adding THC products to our proprietary line of sprays and plan to launch via distribution in Colorado beginning in Q4 and shall pursue other legal markets thereafter,'' said Mr. John Knapp, CEO of Integrated Cannabis.
The company has received approval to sell THC formulated products throughout most of Colorado and is now, only awaiting approval for City of Denver. Integrated Cannabis Company has also submitted Shelf Stability application to sell X-SPRAYS™ THC formulation in Denver.
For More Information On Integrated Cannabis Company, Click Here
Tilray Inc. (TLRY)
Market Cap: $14.435B
Shares of Tilray have gapped up by more than 50% this morning as industry excitement continues to circle the recently IPO’d company. Yesterday the company announced that the U.S. Drug Enforcement Administration has granted approval to import a cannabinoid study drug into the United States from Canada for a clinical trial at the University of California San Diego Center for Medicinal Cannabis Research examining its safety, tolerability and efficacy for Essential Tremor.
"Cannabis is a substitute for prescription painkillers, prescription opioids, and so if you're an investor in a pharmaceutical company or you're a pharmaceutical company, you have to hedge the offset from cannabis substitution," Company CEO Brendan Kennedy told Jim Cramer on Mad Money Tuesday night.
For More Information On Tilray, Click Here
Aurora Cannabis. (ACBFF) (ACB.TO)
Market Cap: $8.14B
Tuesday morning, shares of Aurora Cannabis were halted during pre-market hours. The reason for the halt was ''pending news''. The company refuted reports on speculative statements made earlier in the week by outside reporters. This morning the company announced that it has completed its previously announced distribution of Australis shares and warrants. The distribution was completed on September 19 , 2018, and the Australis shares and warrants will commence trading on the CSE under the symbol "AUSA" effective at the market open today.
"With the completion of this distribution we have delivered an immediate return of capital to Aurora shareholders while enabling the Australis team to proceed with their mandate to invest in U.S. cannabis assets with high growth potential," said Terry Booth , CEO of Aurora. "Australis' management, Board of Directors and investment committee are well positioned to leverage their collective knowledge and extensive experiences to rapidly execute on the tremendous opportunity ahead to generate substantial long-term shareholder value."
For More Information On Aurora, 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. As of September 14, 2018 a member of MAPH Enterprises LLC holds 32,975 freely trading shares of Aurora (ACBFF) purchased in the open market. These may be sold at any point. As of September 14, 2018 a member of MAPH Enterprises LLC holds 15 Call Options Of Canopy Growth (CGC) expiring on October 19. These may be sold at any point. Please click here for full disclaimer
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