Yahoo Finance Marijuana Stocks Trending On Friday Afternoon
CORAL GABLES, FL / ACCESSWIRE / October 19, 2018 / Marijuana stocks continued to stay hot in the market spotlight on Friday. Many legal cannabis companies attracted interest in early morning trading. No matter if it was medical marijuana or recreational focused companies, there was still plenty of commentary on which direction the industry will head now that Canada has gone fully legal.
However, the good (and bad) part about this marijuana industry boom is that retailers may be running out of product due to heightened demand. ''Every province - not just Manitoba - is receiving substantially less cannabis than originally requested… Retailers in Manitoba will be receiving staggered shipments over the next few weeks (some daily) in an effort to meet their requests,'' said a spokeswoman for the Manitoba crown corporation in an email to Leafly. So as cannabis consumers and marijuana producers get used to the market climate, investors are taking note of this unique economic condition being presented.
Integrated Cannabis Company (ICNAF) (ICAN) is focused on the health benefits of cannabis and CBD. A letter of intent was signed this morning to acquire all of the issued and outstanding securities of Critical Mass Industries LLC. The Colorado-based cannabis company, Critical Mass has operated for nearly 10 years under the brands: Good Meds and BOSM Labs.
CMI reported revenue in excess of USD $7 million in 2017 to the Colorado Department of Revenue. The Colorado Department of Revenue is responsible for all sales and excise taxes related to the cannabis industry in the State. Integrated Cannabis Company (ICNAF) (ICAN) has paid a non-refundable deposit of US$250,000 upon signing the LOI and, at closing, will pay an additional US$2,500,000 and issue 2,300,000 Integrated Cannabis common shares to the shareholders of CMI in exchange for the securities being acquired.
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New Age Beverages Corporation (NBEV) saw its shares rally briefly during mid afternoon trading just before continuing its tumble to fresh lows. The Colorado-based organic and natural healthy functional beverage company recently announced that the results of its CBD-infused portfolio released during the North American Convenience Store show at the Las Vegas Convention Center, October 7-10, 2018.
According to the company, New Age was the 2nd most visited and searched booth out of 1,259 exhibitors at the show and ranked in the 100th percentile in terms of booth popularity, despite debuting their new CBD-Infused products offsite at the hotel connected to the convention center. At NACS New Age displayed their full portfolio of one-stop-shop healthy beverages and unveiled their "Live Healthy" campaign at the same time to unprecedented response and outranking some of the major other food and beverage companies at the show including Coca-Cola, Red-Bull, Monster, AB InBev, Campbells, and more than 1,000 others.
Despite these results, shares of the stock have continued to tumble on Friday
Will NBEV Bounce Back? For More Information On New Age Beverage, Click Here
CannaRoyalty Corp. (CNNRF)(CRZ.CN) announced today that it plans to launch its new corporate identity on Monday, October 22, 2018.
Marc Lustig, CEO of CannaRoyalty commented, "We've evolved from a royalty-focused investment company into a dominant Californian distributor focused on building a global house of premium cannabis brands. On Monday, October 22, 2018 on behalf of our employees, partners and shareholders, we will unveil our new corporate identity, which embodies this strategy."
Thought shares of the company have pulled back from Friday’s high, the marijuana stock still remains over 80% higher than where it was, two months ago.
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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 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 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. Please click here for full disclaimer.
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