Yahoo Finance Marijuana Stocks That Could Benefit From Cannabis Industry Expansion
CORAL GABLES, FL / ACCESSWIRE / October 29,2018 / With analysts projecting that the North American cannabis market could reach a value of around US$35 Billion by 2023 with a CAGR of 28% during 2018-2023, industry onlookers are zeroed in on marijuana stocks. The new report by IMARC Group, entitled "North America Legal Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023," finds that the North America legal cannabis market crossed the value of US$ 8 Billion in 2017. With the continued interest in the market, we're taking a closer look at three cannabis stocks to watch this week.
Next Green Wave (NGW) recently entered into a letter of intent whereby the Company intends to acquire 100% of Loud Seeds, LLC along with the Loud Seeds brand and all of its related assets. As consideration for the Transaction, Next Green Wave intends to distribute $2,000,000 in common shares of the Company to the shareholders of Loud Seeds.
Loud Seeds is a multiple cannabis cup winner for its seeds and clones, has flourished as innovators in developing premium quality cannabis products to meet the dynamic consumer demands. The principles over the past 20 years have developed a vast collection of award-winning strains and has been inducted into the High Times Hall of Fame and the Top 40 Seed Banks of all time.
Leigh Hughes, Executive Chairman of Next Green Wave (NGW): "Being able to bring one of the best seed banks in the world into our nursery continues to differentiate Next Green Wave from other cultivators. We are excited to join an award-winning genetics portfolio with world-class breeding skills as the construction of our first facility nears completion and begins cultivation."
Shares of Next Green Wave have traded as high as $0.85 this month.
For More Information On Next Green Wave, Click Here
MedMen Enterprises Inc. (CNSX:MMEN.CN) (OTCQX: MMNFF) began shifting direction during mid-morning trading on Monday. The company recently reported its Fiscal 2018 operating results. Annual and fourth quarter revenues of $39.8 million and $20.6 million, respectively, led by California retail stores posting $6,257 average sales per square foot and 84% conversion rate for the fourth quarter.
MedMen also added eight store locations throughout California, New York, and Nevada during the year. Entered Florida market and signed agreements to enter Arizona and Illinois markets subsequent to quarter end, with a combined addressable adult population of over 40 million (assuming full adult-use).
"Since becoming a public company in May of this year, we've been singularly focused on our vision to mainstream marijuana and I'm proud to say that our hard work and the significant investments we've made in building our operating platform and team are paying off. For fiscal 2018, we delivered solid revenues of almost $40 million and over half of that was in the fourth quarter alone, indicative of the strong momentum in our business and our growth potential," said Adam Bierman, MedMen's chief executive officerand co-founder.
For More Information On MedMen, Click Here
Supreme Cannabis Company (TSX-V:FIRE.V)(SPRWF) has seen trading volume surge on Monday. The company announced last week that 7ACRES branded High-End Cannabis™ is available exclusively through Canada's provincially regulated adult-use channels. More information about 7ACRES and its products can be found at 7ACRES[dot]com.
"In 2013 we started our journey to develop 7ACRES into Canada's leading brand for premium cannabis flower, delivering on consumer expectations for aroma, visual appealandflavour," said John Fowler, President of Supreme Cannabis & Founder of 7ACRES. "We're now excited to make 7ACRES available to adult cannabis enthusiasts and consumers looking for a superior sensory experience when consuming cannabis. Our mantra at 7ACRES is 'RESPECT THE PLANT'. We believe that by respecting the plant, the people who care for it and the people who ultimately consume it, we have built a culture ofcontinual improvement where consumers can expect that each flower experience is better than the last."
Since hitting lows of C$1.29 last week, shares have recovered by as much as 28%.
For More Information On Supreme, Click Here
About marijuanastocks.com
MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana-related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication.
Legal Disclaimer
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 Next Green Wave (NGW), Midam expects to be paid a total of $1,075,000 for a period of six (6) months from October 1, 2018 and ending on April 1, 2019. The cash compensation will be paid out in increments monthly from the company to MIDAM. As of 10/01/2018 MIDAM has been paid a total of $150,000 from Next Green Wave (NGW). As MIDAM is paid by Next Green Wave (NGW) the disclaimer will update. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. Please click here for full disclaimer.
Contact Information:
SOURCE: MarijuanaStocks.com
