Yahoo Finance These Marijuana Stocks are Getting Ready for Canada's Next Move
CORAL GABLES, FL / ACCESSWIRE / October 10, 2018 / Despite the pull back in the market, thecannabis industry continues to go full speed ahead. In less than one week, Canada will have legalized recreational marijuana sales and the world will begin to closely monitor progress across the country. During the last year, much has changed including the publicperception of marijuana.
Two-thirds of the country is now in support of recreational legalization and polls continue to show backing for medical use at levels far above 80%. In 1996 California became the first state to allow medical use but only one in four Americans sought to legalize the drug. Since that time, there has been a significant adjustment, and now, according to data from FiveThirtyEight, supportfor legalization is among the least disruptive issues in the country. With a positive outlook, investors focus attention on several marijuana stocks this week.
GTECHoldings (GGTTF)(GTEC) holds the primary focus of cultivating, testing, processing, marketing and selling premium quality craft cannabis, with full control from seed to shelf. Therefore, the company is developing a range of premium-quality products, based on superior genetics, small batches, indoor cultivation, optimized curing, and hand trimming.
"We are exceptionally proud of the diligent and relentless efforts our team has undertaken over the last few months in both operations and construction," said Norton Singhavon, Chairman and CEO of GTEC in a recent corporate update. "Furthermore, we are excited to have Tumbleweed and Grey Bruce coming online in the near future. We will continue striving to execute on our goals and milestones that we have set out internally and to our shareholders, for all existing assets."
The company has built out numerous subsidiaries that range in business models from diagnostics to extraction and cultivation. GTEC currently holds a 100% interest in GreenTec Bio-Pharmaceuticals Corp., Alberta Craft Cannabis Inc. Grey Bruce Farms Inc., Falcon Ridge Naturals Ltd., Tumbleweed Farms Corp., Zenalytic Laboratories Ltd., and Spectre Labs Inc.
ForMore Information On GTEC Holdings, Click Here
Next Green Wave (CNSX:NGW) has just recently gone public on the Canadian Stock Exchange. The company currently holds all four Conditional Use Permits in California. These include one of each of the following: cultivation, operation of a functioning nursery, extraction and distribution of cannabis. Not only does this support a fully optimized business model but it also takes away the usual distribution barriers that some companies in this market face. Furthermore, NGW has both the medical and recreational sides covered.
Key Highlights On Corporate Progress Include
Fully licensed "seed-sale model" to produce and distribute cannabis products for both medicinal and recreational use in the State of California;
15 acres of approved cannabis zoned land with capacity to grow up to 350,000 sqft of premium quality product;
First major facility of 35,000 sqft becomes fully operational in late Q4 with expected revenues in early Q1;
Led by six-time award-winning cannabis cup winner and industry veteran Mike Jennings, an Industry innovator specializing in premium cannabis products;
Raised over CAD $21M used to acquire, design and build state-of-the-art facilities as well as accelerate the seed-sale model in California;
As The Market Begins to Follow Next Green Wave, MairjuanaStocks.com Will Continue To Update Its Members. ForMore Information On Next Green Wave, Click Here.
Cronos Group (CRON)(CRON) along with other high volume marijuana stocks dipped during pre market trading on Wednesday. There were no major reports that could have acted as a possible catalyst at the time of this article however Cronos joined other marijuana companies like Canopy Growth (CGC)(WEED), Tilray (TLRY), New Age Beverages (NBEV) and others in the market decline.
Cronos Group and Aleafia Health Inc. (ALEAF)(ALEF) recently announced that the two companies entered into a joint medical cannabis study to improve the management and treatment of insomnia and daytime sleepiness.
"Aleafia is excited to participate in a study with Cronos Group, a company with a firm commitment to patient health. For far too long, the answer to a patient's sleeping disorder or chronic pain has been a prescription and a bottle of pills," said Aleafia Chief Medical Officer Dr. Michael Verbora. "There is mounting evidence of the risks of prescription sleeping aids including worsening mental health and increased risk of dementia. This study may in part point to medical cannabis as an alternative to harmful prescription drugs."
ForMore Information On Cronos Group, 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 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. Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Next Green Wave, Midam is being paid a total of $1,075,000 for a period from October 1, 2018, and ending on April 1, 2019. We may buy or sell additional shares of (Next Green Wave) 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 herefor full disclaimer.
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