Yahoo Finance Watch These Four Marijuana Stocks On Tuesday
CORAL GABLES, FL / ACCESSWIRE / March 19, 2019 / What's truly incredible about the marijuana stock market is the fact that even though the cannabis industry is still very much in its infancy, cannabis companies consistently attract significant investor attention. In the last year or so, we've seen lawmakers push for legislation in support of legalization, mainly because they've recognized the potential economic benefits of allowing for cannabis markets to develop and flourish in states across the U.S. According to recent reports, domestic spending on cannabis is projected to reach $47.3 billion by 2027. Following the passing of the U.S. Farm Bill, cannabis companies have had the opportunity to build out their industrial hemp production to allow for the manufacturing of products containing hemp-derived CBD. Though nothing is certain, the future of the cannabis sector looks promising. Integrated Cannabis Solutions Inc (IGPK), Tilray Inc (NASDAQ:TLRY), Green Thumb Industries Inc (GTBIF), and Trulieve Cannabis Corp (OTC PINK: TCNNF) (TRUL.CN) are 4 pot stocks to watch on Tuesday.
Integrated Cannabis Solutions Inc (IGPK) is actively engaged in evaluating investment opportunities in early stage ventures at the crossroads of the rapidly growing medical and recreational marijuana industry. In advancement of these aspirations, the Company has made it clear that it plans on seeking opportunities across domestic cannabis markets, extending far beyond its Wisconsin base.
Integrated Cannabis Solutions Inc (IGPK) today announced that the Company will be canceling over 500 million shares of its common stock in an effort to significantly reduce the outstanding shares of the Company. Per the details of the announcement, the share reduction should be completed over the course of the next two weeks. Once the shares have been canceled, the Company plans on filing an amendment with the State of Nevada to reduce the number of authorized shares by the same amount.
For More Information On Integrated Cannabis Solutions Inc, Click Here
Tilray Inc (TLRY) yesterday reported financial results for the fourth quarter and year ended December 31, 2018. Over the course of last year, the Company's revenue increased to $15.5(C$20.9) million, up 203.8% compared to the fourth quarter of last year, driven by bulk sales, inaugural sales in the Canadian adult-use market and accelerated wholesale distribution in export markets.
Brendan Kennedy, President, and CEO of Tilray said, "2018 was a very successful year for Tilray with many corporate milestones. Our team made significant progress on our long-term initiatives including increasing production capacity, expanding and strengthening strategic partnerships, and acquiring complementary businesses to accelerate our future growth and leadership position in medical and adult-use cannabis."
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Green Thumb Industries Inc (GTBIF), a national cannabis consumer packaged goods company, today announced that the Company will hold a conference call on Tuesday, April 9, 2019, at 5:00 pm ET following the release of its fourth quarter and full year 2018 financial results after market close. Last month, the Company made headlines when it announced the closing on the acquisition of For Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products. The acquisition was previously announced on February 5, 2019.
At the time of the announcement, Ben Kovler, Founder and CEO of Green Thumb, said, "Beboe has an extremely talented team, a robust innovation pipeline, an aligned vision on the future of cannabis and a ground-breaking partnership with Barneys New York. We are thrilled to have the visionary Beboe team officially on board with GTI."
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Trulieve Cannabis Corp (TCNNF) (TRUL), a leading cannabis company in the U.S., announced last week that the Company is opening the doors of its 25th storefront in Florida later this month. Presently, Trulieve operates 24 other dispensaries throughout the state of Florida, including six more locations in Miami and throughout the South Florida region. As part of the company's mission to ensure safe, reliable access for patients statewide, Trulieve will continue opening stores as the patient registry and demand grows.
Kim Rivers, CEO of Trulieve, commented, "expanding access across the state, especially throughout South Florida, is crucial as it is home to a large portion of patients. Our goal to ensure that all patients have access to high-quality, effective products in a space where they can feel comfortable and safe will always be our top priority.
For More Information On Trulieve Cannabis Corp, 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 Integrated Cannabis Solutions, Inc. (IGPK), Midam has been paid $20,000 from Integrated Cannabis Solutions, Inc. (IGPK) for a period from February 20, 2019, to March 20, 2019. We may buy or sell additional shares of (IGPK) 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 Solutions, Inc. (IGPK). For disclaimer information, click here.
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