Yahoo Finance Watch These 4 Marijuana Stocks On Tuesday (1/29/19)
CORAL GABLES, FL / ACCESSWIRE / January 29, 2019 / The marijuana stock market has been booming for over a year now, but recent developments have resulted in an exponential increase in investor interest. One of the best indicators to look for when investing in marijuana companies is looking into the innovative efforts taken by a given company to develop and distribute the best possible product for the market. Typically, companies that elect to invest time and resources in these ventures are rewarded with favorable public opinion and potential opportunities as well. As we continue to move through this new year, the hopes are that the cannabis industry will be able to see even more gains in the future. Nabis Holdings (INNPF) (NAB), Emerald Health Therapeutics Inc (EMHTF), Curaleaf Holdings Inc (OTC PINK: CURLF), and Wayland Group Corp (MRRCF) are 4 pot stocks gaining speed on Tuesday.
Nabis Holdings (INNPF) (NAB) is a Company focused on strategically investing in high-quality cash flowing assets across several integral aspects of the cannabis sector primarily in the U.S. limited license states with plans to expand to global markets in the near-future. In terms of the Company's corporate strategy, Nabis' framework was designed to enable identifying and acquiring majority interests in high-quality cash-flowing U.S. cannabis assets and brands in Limited License States at a reasonable price.
Earlier this week, Nabis Holdings (INNPF) (NAB) announced that the Company had entered into a binding letter of intent to invest in a 70% interest of Hivemind Refinery, an established wellness product line of CBD-based wellness products in the United States. Per the details of the announcement, the investment into HIVEMIND expands Nabis' investment portfolio to CBD edibles, water, drops, lotions, and other CBD wellness products across the spectrum and will fall under the Company's lifestyle brand.
In more recent news, Nabis Holdings (INNPF) (NAB) today announced that the Company has entered into a binding term sheet to acquire 100% of the membership units of Organica Patient Group Inc, and RDF Management Group in the State of Arizona, USA. Following the announcement of the term sheet agreement, Shay Shnet, CEO and Director of Nabis, said, ''we are very excited to be working with OPG and will continue to identify accretive investment opportunities in Arizona along with other key limited license states in the coming months. Nabis is quickly building up key investments in two limited license states and we are moving very quickly to add another three to five States to the portfolio.''
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Emerald Health Therapeutics Inc (EMHTF) today announced that its joint venture partner, San Diego-based Emerald Health Bioceuticals, has launched its award-winning Endo products in Whole Foods Markets across the United States, highlighting the unique positioning and opportunity for this product line when it is launched in Canada in 2019. The joint venture, called Emerald Health Naturals, secured Canadian distribution rights for this product line that was developed to support the body's endocannabinoid system, but which does not contain cannabis. Canadian retailers have not been announced.
Gaetano Morello, CEO of Emerald Health, commented, ''for the Endo products to be embraced by retailers with such high standards of retail excellence and broad reach like Whole Foods Market in the US is an important milestone for this unique natural health supplement line.''
For More Information On Emerald Health Therapeutics, Inc, Click Here
Curaleaf Holdings Inc (CURLF), a leading vertically-integrated cannabis operator, yesterday announced that, in an effort to expand their leadership team, the Company had made two new executive appointments. According to the announcement, Neil Davidson was appointed Chief Financial Officer and Todd Goffman was appointed General Counsel and Secretary, effective January 28, 2019. Both executives will report directly to Curaleaf Chief Executive Officer Joseph Lusardi.
In a press release regarding the executive leadership decisions, Chief Executive Officer Joseph Lusardi said, ''our executive team has a wealth of expertise from relevant industries including consumer packaged goods and retail. The public company experience that Neil and Todd bring to Curaleaf will make our team even more prepared to capitalize on the significant opportunities across our industry.''
For More Information On Curaleaf Holdings, Inc, Click Here
Wayland Group Corp (MRRCF) saw its shares jump 5.66% in early-afternoon trading on Tuesday, trading at $0.98 per share. Earlier this month, the Company announced that it had signed a letter of intent agreement with ICC International Cannabis Corp to begin integration of their extraction and distillation processes to manufacture CBD products for the European market.
In response to the partnership agreement, Terry Fretz, Wayland President, said, ''flexible, functional, competent cross-functional teams, GMP manufacturing, shared resources, Greek domestic and EU activities across several healthcare sectors should make integration of cannabis relatively simple, and significantly enhance timeline to execute.''
For More Information On Wayland Group Corp, Click Here
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