CORAL GABLES, FL / ACCESSWIRE / October 15, 2018 / Rep. Dana Rohrabacher, California Republican, stated this past Thursday that President Trump has the intentions to work towards legalizing medical marijuana on a federal level following next month’s midterm races. The Trump administration has made a “solid commitment” to change marijuana regulations, and the president has expressed his views in support of federally legalizing the cannabis for medical use, Mr. Rohrabacher told Fox Business Channel.
“I have been talking to people inside the White House who know and inside the president’s entourage,” Mr. Rohrabacher stated, Fox Business reported. “I have talked to them at length. I have been reassured that the president intends on keeping his campaign promise. I would expect after the election we will sit down and we’ll start hammering out something that is specific and real.”
As the industry buzz continues, investors are looking toward this budding space and many companies are making new announcements, hitting fresh milestones ahead of legalization in Canada. This includes GTEC Holdings (GGTTF)(GTEC), Pyxus International (NYSE:PYX), and Aurora Cannabis (OTCQX:ACBFF)(TSX:ACB.TO).
GTEC Holdings (GGTTF)(GTEC) holds the primary focus of cultivating, testing, processing, marketing and selling premium quality craft cannabis, with full control from seed to shelf. Therefore, the company is developing a range of premium-quality products, based on superior genetics, small batches, indoor cultivation, optimized curing, and hand trimming.
The company has built out numerous subsidiaries that range in business models from diagnostics to extraction and cultivation. GTEC currently holds a 100% interest in GreenTec Bio-Pharmaceuticals Corp., Alberta Craft Cannabis Inc. Grey Bruce Farms Inc., Falcon Ridge Naturals Ltd., Tumbleweed Farms Corp., Zenalytic Laboratories Ltd., and Spectre Labs Inc.
Most recently, GTEC announced the completion of a Letter Agreement to collaborate on X-SPRAYSTM products for the Canadian market with Integrated Cannabis Company. Mr. Norton Singhavon, CEO of GTEC, said, “We are very excited to be working with Integrated Cannabis and their line of the X-SPRAYSTM products. As we continue to push towards positioning ourselves as a preeminent cannabis company it is critical to diversify our product offering with formulations that are both novel and offer alternative delivery methods.”
Pyxus International (PYX) recently announced that FIGR, a wholly owned indirect subsidiary of Pyxus International, released press stating that its subsidiary, Goldleaf Pharm Inc. received its Access to Cannabis for Medical Purposes Regulations (ACMPR) cultivation license from Health Canada on September 28, 2018.
With this license, Goldleaf Pharm is permitted to begin cultivating medicinal cannabis at its facility, located in Simcoe, Ontario.
Pyxus is a global agricultural company with 145 years’ experience delivering value-added products and services to businesses and customers. Shares of the company have been trending higher during recent weeks as attention has been placed on both the corporate share structure as well as new company developments.
Over the course of the last few weeks, shares of Pyxus have moved up as high as $52.43.
Aurora Cannabis (ACBFF)(ACB) has also caught attention recently. The company released fiscal fourth-quarter earnings and confirmed its intention to list stock on a “senior” U.S. exchange such as the Nasdaq or the New York Stock Exchange.
Aurora Chief Executive Terry Booth said, “This listing provides access to a broader investor audience who gain the opportunity to participate in our continued success.”
In addition to this, the company is slated to become the fourth Canadian cannabis company after Canopy Growth (CGC) (WEED), Tilray, and Cronos Group (CRON) to be listed in the US stock market. This week, Aurora Cannabis announced that it has applied to be listed on the NYSE (New York Stock Exchange).
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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 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 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. Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC, Midam Ventures LLC and GTEC Holdings Inc., Midam is being paid $63,333 per month from the company for a total of 12 months and has received ZERO shares of GTEC Holdings Inc. for a duration of beginning July 10, 2018 and ending July 10, 2019. We may buy or sell additional shares of (GTEC) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares. Please click herefor full disclaimer