Yahoo Finance Marijuana Stocks Ramping Up for October 2018
CORAL GABLES, FL / ACCESSWIRE / August 6, 2018 / The motion to legalize recreationally and the already legalized medical marijuana now places cannabis on the same level as things like alcohol and tobacco. Along with the Canadian Prime Minister taking a clear side on the issue in favor of legalization, the move has attracted much more interest into the country's marijuana industry.
''We expect a more independent Senate will do its work, to look at legislation sent by the House of Commons, that they evaluate the positive impacts on the community, that they bring ameliorations if needed. But it is very clear that this bill responds first to an electoral promise that we made very clear during the election campaign and for which Canadians voted, and also that is something that we will continue to work on with different levels of government,'' stated Trudeau in an interview.
But what's more is that this move means Canada is the first G7 nation to legalize marijuana. According to several projections, the Canadian cannabis industry is expected to produce 800,000 kg of marijuana per year after the legalization. In addition, Canadians are estimated to incur a total expenditure of $7.17 billion on marijuana products in 2019, with overall consumption increasing by 35%, per a Deloitte report.
Market Cap: $37,838,826
With this in mind, there are a number of cannabis businesses ramping up for October when Canada is slated to flip the switch to ''on'' for legal recreational marijuana sales. Companies like Beleave Inc. (BLEVF) are getting involved by taking up a strategy that some of the larger cannabis companies are enlisting. This is an M&A strategy. Beleave has already wrapped up a number of companies into its portfolio including Medi-Green, Seven Oaks Inc., as well as a majority stake in Procannmed S.A.S. based in Colombia's quickly growing market.
The Company has filed a patent application in the United States and Canada for this extraction method, which involves the activation, purification, and extraction of cannabinoid active ingredients.
This method delivers high purity and yields of cannabinoid compound using a process that is scalable and efficient and has been approved by Health Canada to be implemented for cannabis oil production.
For More Information On Beleave, Inc., Click Here
CV Sciences, Inc. (CVSI)
Market Cap: $273,539,041
Other companies like CV Sciences (CVSI) are focused on creating their own line of medical and recreational products using CBD as the active ingredient. The company operates two distinct business segments: a drug development division focused on developing and commercializing novel therapeutics utilizing synthetic CBD; and, a consumer product division focused on manufacturing, marketing and selling plant-based CBD products to a range of market sectors.
Several news releases highlight the company's growth including the expectation of a 203% increase in revenue as well as increasing its retail store count to 1,968 natural and organic health food stores as of June 30, 2018. In July the company announced that it has submitted its application to list the Company's common stock in the U.S. on the Nasdaq Capital Market.
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Ianthus Capital Holdings, Inc. (ITHUF) (IAN.CN)
Market Cap: $267,360,188
iAnthus Capital Holdings, Inc. (ITHUF) owns and operates best-in-class licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and healthcare services, iAnthus provides a unique combination of capital and hands-on operating and management expertise.
The company recently hosted a groundbreaking event on Tuesday, July 31, to celebrate the start of construction of the facility in Orange County, NY. Citiva Medical, LLC, iAnthus' wholly-owned subsidiary, has begun construction on its 39,500 sq. ft. medical cannabis cultivation and processing facility, located at the former Mid-Orange State Correctional Facility in the Town of Warwick, New York. Citiva, one of only ten New York State licensed medical cannabis Registered Organizations, received its license to operate one cultivation/processing facility and four dispensaries on August 1, 2017.
For More Information on iAnthus Capital Holdings, 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, Midam Ventures LLC and Beleave Inc., Midam has been paid $200,000 from the company and ZERO shares of Beleave Inc. for a duration of 6 weeks beginning June 18, 2018 and ending July 31, 2018 NOW EXTENDED TO 8/10/2018. We may buy or sell additional shares of (BLEVF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Full Disclaimer Here
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