CORAL GABLES, FL / ACCESSWIRE / October 5, 2018 / Marijuana stocks are on the tip of everyone’s tongue lately. The industry is expected to see a major milestone event in less than 2 weeks. Canada’s long-awaited measures will be brought to life on October 17 when the entire country will be able to purchase legal marijuana for recreational use .
According to ArcviewMarket Research and its research partner BDS Analytics, over the next 10 years, the legal cannabis industry will see much progress worldwide. Spending on legal cannabis worldwide is anticipated to hit $57 billion by 2027. The adult-use (recreational) market will cover 67% of the spending; medical marijuana will take up the remaining 33%. With this insight, there are a number of cannabis companies looking to take full advantage of this industry growth.
Integrated Cannabis Company (ICNAF) (ICAN) continues to trend higher on Thursday. Last week Integrated Cannabis Company announced the completion of a Letter Agreement to collaborate on X-SPRAYSTM products for the Canadian market with a Canadian License Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations, GTEC Holdings Ltd. On the heels of this, the company has announced today the successful completion and positive results of a controlled trial of its proprietary Sleep product.
“The unique formulation of ingredients in the X-SPRAYS? sleep supplement contributed to a significant improvement in sleep quality together with a reduction in daytime sleepiness, pain, and depression, when compared to the control group. The study was conducted in a controlled and regulatedclinical environment, which prohibits the test of cannabis products. Therefore the study was on our non-cannabinoid product. However, our experience with the infusion of CBD into the tested formulation has rendered profound increased benefits. Furthermore, we are actively seeking clinical study relationships in legal jurisdictions outside of North America for our cannabinoid-based products and expect to replicate the aforementioned study in the near term. The spray has the added benefit of being easy to use, is fast acting, promotes a superb night’s rest and does not leave you feeling groggy in the morning,” said Dr. Clive Spray, CSO of Integrated Cannabis.
Integrated Cannabis Company’s stock has been in an uptrend for weeks now and after the recent pullback this week, shares began rebounding on Thursday.
CV Sciences (OTCQB:CVSI) is a supplier and manufacturer of hemp-derived phytocannabinoids who recently announced that it has introduced PlusCBD Oil? Gummies at the Natural Product Expo East 2018.
A new category of its PlusCBD Oil? products, PlusCBD Oil? Gummiesare offered in two flavors, Cherry Mango and Citrus Punch. A line extension of its Gold Formula line with no artificial ingredients, each gummy contains 5 mg of CBD and 1.5 g of sugar.
“We are pleased to introduce PlusCBD Oil? Gummies to our existing line ofindustry leading hemp extract products that include balms, sprays, drops, capsules, andsoftgels,” stated Joseph Dowling, Chief Executive Officer of CV Sciences.
CV Sciences, Inc. has primary offices and facilities in San Diego, California and Las Vegas, Nevada. Shares are up sharply on Friday.
Trulieve Cannabis ( OTC PINK: TCNNF)(CNSX:TRUL) operates many dispensaries across the state of Florida. Revenue for the company has grown from $15.2 million in the first quarter to $23.3 million in the second quarter of this year. cost of sales and other inventory charges would have been $16.5 million or 64% of sales.”
According to the company, Trulieve products are hand-grown and specially cultivated in a state-approved, climate-controlled environment to ensure purity and safety. Products are designed to alleviate seizures, severe and persistent muscle spasms, pain, nausea, loss of appetite, and other symptoms associated with serious medical conditions such as cancer.
This week, shares of the cannabis company have climbed from an opening price of $12.49 on Monday to highs of $18.59 during the Wednesday trading session.
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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 6 months beginning September 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. As of September 28, 2018, a member of MarijuanaStocks.com owns 47,000 shares ofTruelieve Cannabis Corp (TCNNF)(TRUL.C) which were purchased in the open market and may be sold at any time Please click here for full disclaimer