CORAL GABLES, FL / ACCESSWIRE / October 9, 2018 / Now that there are only days (and not weeks/months) until Canada goes fully legal , anticipation is building. Marijuanastocks are beginning to hit mainstream media and rightfully so. The cannabis industry could become one of the largest industries of scale and current projections are already expecting demand to outpace supply over the next year.
?The important policy conclusion is that there will not be enough legal supply, especially during the first half of the year following legalization, primarily because of the slow rate of licensing producers,? wrote University of Waterloo economics professor Anindya Sen and C.D. Howe policy analyst Rosalie Wyonch. Therefore, with simple economics suggesting that there could be alonger cannabis boom than anticipated, investors turn their attention to companies making big headlines this month.
Market Cap: $43.95M
IntegratedCannabis Company announced last week the successful completion and positive results of a controlled trial of its proprietary Sleep product. The controlled 60 patient trial was completed with a renowned pain clinic in Southern California and the results were highly favorable; resulting in improvement in patients’ sleep patterns combined with the unexpected, but highly desirable, decrease in the level of pain.
The company also recently announced a nationaldistribution agreement with Empower Clinics Inc. (EPWCF)(EPW). Under the agreement, Integrated Cannabis will distribute CBD-infused X-SPRAYS? products including: CBD, Sleep, Recover, Libido and Energy throughout the Empower network of clinics in Washington, Oregon, and Illinois as well as on Empower?s Website in the coming weeks. Both companies have engaged with their marketing and distribution teams to streamline the logistics of rolling out new products in the Empower clinics.
Shares of IntegratedCannabis Company are up by nearly 130% from this time last month.
Aurora Cannabis, Inc. (OTCQX:ACBFF) (TSX:ACB.TO)
Market Cap: $9.88B
Aurora Cannabis has been flying high this month and recent news has revealed major developments for the company. Aurora Cannabis Inc. said Tuesday it has filed to list its common stock on the New York Stock Exchange, under the ticker symbol “ACB.”
The cannabis company expects its stock to begin trading on the NYSE before the end of October. “Through our NYSE listing, Aurora joins an established group of mature global brands with improved access and exposure to an engaged international institutional investor audience,” said Chief Executive Terry Booth.
Shares have moved from lows of $9.50 on October 1 to highs of $10.50 this week.
Ravenquest Biomed Inc (OTCQB:RVVQF) (CNSX:RQB)
Market Cap: $89.39M
Ravenquest Biomed is a diversified cannabis company with divisions focused upon cannabis production, management services & consulting and specialized research & development. RavenQuest is a licensed producer with facilities located in Markham, Ontario and Edmonton, Alberta.
RavenQuest maintains a research partnership with Montreal?s McGill University focused upon cultivar recognition, plant stabilization and yield maximization of the cannabis plant. The Company focuses on partnerships with Indigenous communities.
The company recently entered into a services agreement with Alexander First Nation to develop a Health Canada cannabis license application. Alexander First Nation is located adjacent to the Edmonton Metropolitan Region and plans to build a cannabis facility on its sovereign land. ?We are genuinely excited to be working with Alexander First Nation,? stated George Robinson, CEO of RavenQuest. ?Today?s announcement marks the beginning of a trusting and mutually beneficial relationship. We?ve taken a huge first step toward a brighter economic future for both Alexander First Nation and RavenQuest,? said Robinson.
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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 October 8, 2018, a member of MarijuanaStocks.com owns 32,100 shares of Aurora Cannabis (ACBFF)(ACB) which were purchased in the open market and may be sold at any time Please click herefor full disclaimer
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