CORAL GABLES, FL / ACCESSWIRE / January 18, 2019 / Marijuana stocks have become one of the hottest topics in the news over the course of the past few years. In terms of the US cannabis market, several states have led by example, in terms of how positive legalization can be on a widespread scale. In tandem with new legislation coming out on a consistent basis, public opinion towards cannabis has increasingly become more favorable in recent months. With the increase of capital and the sheer amount of business entering the market, the cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. ParcelPal Technology Inc (PTNYF) (PKG) , Emblem Corp (OTCQX:EMMBF), Aurora Cannabis Inc (NYSE:ACB) (TSX:ACB.TO), and New Age Beverages Corp (NASDAQ:NBEV) are 4 pot stocks worth looking into on Friday.
ParcelPal Technology Inc (PTNYF) (PKG) , along with other companies in the space, is taking advantage of the fact that, as technology has evolved over the years, so too has the industry surrounding delivery apps and their growing popularity. The opportunity that ParcelPal may be presenting now draws comparisons to the way early investors had an opportunity with companies like Uber and GrubHub before they went mainstream in the US.
ParcelPal Technology Inc (PTNYF) (PKG) created an on-demand marketplace where customers can shop for anything from food to clothes, and customers need only shop from the app, choose the items they want, and wait for the delivery within one hour.
In recent news , ParcelPal Technology Inc (PTNYF) (PKG) announced earlier this week that President and CEO Kelly Abbott will be presenting at the 5th annual AlphaNorth Capital Conference. The AlphaNorth Capital Conference will feature some of the best companies in the small-cap arena across various sectors including technology, biotech & healthcare and connect them with over 140 of the top retail brokers and institutional investors (funds & family offices) in North America through a full day of one-on-one meetings.
In a press release regarding the announcement , Abbott said, “In 2019, one of ParcelPal’s key objectives is to introduce our story to new Canadian, US, and international investors to allow them the opportunity to hear firsthand of our successes to date and the compelling reasons why investment in ParcelPal could prove advantageous, especially as we continue to execute on our strategic and business objectives. This conference allows the opportunity to introduce ParcelPal to numerous institutions that are interested in high growth, innovative technology companies like ParcelPal.”
Emblem Corp (EMMBF) announced in early December 2018 that they had entered into a definitive agreement to be acquired by Aleafia Health Inc, by way of a plan of arrangement under the Canada Business Corporations Act, all of Emblem’s issued and outstanding common shares in an all share-transaction then valued at approximately $173.2 million.
In a press release regarding the acquisition agreement, Geoffrey Benic, Aleafia Health CEO, said, “The Emblem acquisition rapidly accelerates the execution of Aleafia’s strategy to become a vertically integrated, diversified cannabis company. It is difficult to overstate the significance of securing the highest quality medicine for our patients and Aleafia. Emblem’s product leadership in the medical and adult-use sectors and highly coveted supply agreements will perfectly complement Aleafia’s cannabis production and clinic operations. This is a transformative transaction that positions Aleafia as a global cannabis leader.”
Aurora Cannabis Inc (ACB) saw its shares jump up a respectable 1.15% in late-morning trading following today’s announcement that the Company has priced its previously announced offering of convertible senior notes due 2024. The Company will issue $300 million aggregate principal amount of notes, or $345 million aggregate principal amount if the initial purchasers’ over-allotment option is exercised in full.
According to the announcement, the Company anticipates using the net proceeds from the offering to support its Canadian and international expansion initiatives, for future acquisitions and for general corporate purposes.
New Age Beverages Corp (NBEV), Colorado and Utah-based organic and natural beverage company, announced earlier this week that it had signed an agreement to develop and distribute Marley branded cannabis-infused beverages. Per the announcement at the time, the first product to rollout in the new portfolio will be Marley +CBD Mellow Mood, relaxation drinks in 15.5 oz cans with 25 mg of pharmaceutical grade CBD per serving.
Michael Cunningham, Senior Vice President of Sales for New Age Beverages, said, “It makes my job a lot easier when I have retailers and distributors reaching out to me asking for specific products. From the moment the CBD movement began, I’ve been receiving calls nonstop asking when we’d be going to market with a Marley+CBD product. Retailers and distributors realize that it will be a long road for smaller CBD brands to gain traction and brand equity. Under the Marley brand platform, we are able to leverage a massive global brand with ties to healthy cannabis use, to ultimately grow a beverage brand beyond anything we have seen to date.”
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