Yahoo Finance Watch These 4 Marijuana Stocks On Monday (2/25/19)
CORAL GABLES, FL / ACCESSWIRE / February 25, 2019 / Perhaps what is most interest about marijuana stocks is how, despite years of condemnation and uncertainty, companies invested in the cannabis sector have managed to thrive. Over the course of the last several years, the marijuana industry has rapidly changed, with consumers and investors following companies every step of the way. Within that time period, we've seen lawmakers propose legislation, in both domestic and global legislative spaces, all of which in favor of legalizing marijuana. As we progress into the future, if public opinion continues to turn more favorable, this could result in investors flocking to the nascent cannabis sector. Next Green Wave Holdings Inc (NXGWF) (NGW), Cresco Labs Inc (OTC PINK: CRLBF), Insys Therapeutics Inc (INSY), and OrganiGram Holdings Inc (OGRMF) (OGI.V) are 4 pot stocks worth paying attention to this month.
Next Green Wave Holdings Inc (NXGWF) (NGW) is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, the world's largest cannabis market. Presently, the Company owns and operates over 15 acres of cannabis-zoned development land is nearing completion on its first proprietary engineered 35,000 sq. ft. facility. The Company is determined to provide premium products and brands to both medicinal and adult use consumers.
Next Green Wave Holdings Inc (NXGWF) (NGW) announced earlier this month that the Company has entered into a memorandum of understanding to take a strategic investment in Organic Medical Growth OMG3 Inc, a Canadian based company operating a wholly owned Colombian subsidiary called Proymed S.A.S. Proymed is a medical cannabis company focused on producing and commercializing non-psychoactive (CBD) products derived from medicinal and industrial cannabis.
Per the details of the announcement, the completion of a definitive agreement will give Next Green Wave access to the Colombia cannabis market which has an estimated potential to supply 6 million patients.
Following this announcement, Leigh Huges, CEO of Next Green Wave Holdings Inc (NXGWF) (NGW), said, ''we are excited to become a strategic partner of OMG as they position themselves to be a leader in the production and distribution of medical cannabis in Colombia. With the likes of PharmaCielo Ltd. and Khiron Life Sciences Corp gaining recent global exposure in the cannabis world, it is clear that Colombia has the brilliant potential for a low-cost, high-margin business model. Our partnership will benefit both parties by accelerating OMG to become a leader in the Colombian market whilst giving Next Green Wave future licensing opportunities and distribution beyond the California market.''
For More Information On Next Green Wave Holdings Inc, Click Here
Cresco Labs Inc (CRLBF) made headlines today when the Company announced the formation of a new wellness subsidiary, Well Beings, that will provide the Company the ability to expand its house of branded products to all 50 states to potentially reach a new customer base outside of the licensed dispensary channel. The new brand will offer a full line of high-quality hemp-based CBD wellness products eligible for national distribution. The subsidiary will have its own unique product line and produce CBD versions of Cresco Labs' house of branded products including Cresco, Remedi and Mindy's Edibles.
Charlie Bachtell, CEO and Co-founder of Cresco Labs, commented, ''entering the CBD industry is an obvious next step for Cresco Labs so it can continue to build consumer trust in the quality and consistency of our portfolio of brands across all fifty states and to reach new customers both through and outside of the licensed dispensary channel.''
For More Information On Cresco Labs Inc, Click Here
Insys Therapeutics Inc (INSY) enjoyed impressive gains during early afternoon trading on Monday, with its shares up 3.73%, trading at $6.39 per share. The Company recently presented results for its initial pharmacokinetic (PK) study of comparative bioavailability of epinephrine nasal spray and EpiPen® in adults with seasonal allergies at the American Academy of Allergy, Asthma and Immunology Annual Meeting in San Francisco, California on Feb. 24, 2019.
Dr. Venkat Goskonda, Senior Vice President of Research and Development at Insys, stated, ''these results presented to the scientific community further support the potential for a needle-less alternative to the current standard of care and further validates the viability of an intranasal delivery system for epinephrine for the treatment of allergic reactions including anaphylaxis.''
For More Information On Insys Therapeutics Inc, Click Here
OrganiGram Holdings Inc (OGRMF) (OGI), the parent company of OrganiGram Inc, last week announced that the Company was recognized as one of the 2019 OTCQX Best 50. Organigram was ranked as 4th best performing stock on the OTCQX® Best Market for 2018.
Greg Engel, CEO of OrganiGram, said, ''at Organigram we believe corporate excellence and product excellence go hand-in-hand. We are proud to be recognized as one of 2019 OTCQX Best 50, and believe that our team's diligence related to governance, operations and output will continue to support Organigram's continued and growing success both here at home and around the world."
For More Information On OrganiGram Holdings Inc, 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 Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1, 2018 to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. Midam has been compensated an additional $75,000 and has extended its period of coverage to January 8, 2019. Midam has been compensated an additional $50,000 and has extended its period of coverage to February 8, 2019. 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. For disclaimer information, click here.
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