CORAL GABLES, FL / ACCESSWIRE / January 25, 2019 / The marijuana stock market has largely benefitted from a massive influx of capital over the course of the last few years. With so many legal initiatives occurring throughout the industry in North America and beyond, the cannabis industry has garnered copious amounts of public approval, resulting in the increase in investor excitement emanating from those looking for promising opportunities. Some studies have shown that the global cannabis industry is worth as much as $50 billion, which, if conditions remain the same, will only grow over time. GTEC Holdings Ltd (TSXV:GTEC.VN) (OTCQB:GGTTF) , Emblem Corp (OTCQX:EMMBF) (TSXV:EMC.VN), Charlotte’s Web Holdings Inc (OTCQX:CWBHF), and Cronos Group Inc (NASDAQ:CRON) represent four companies committed to integrating cannabis as a means of improving the quality of life for consumers on a global scale.
GTEC Holdings Ltd (TSXV:GTEC.VN) (OTCQB:GGTTF) is a specialized craft cannabis company dedicated to investing in products/services to further the cultivating of premium quality cannabis in purpose-built indoor facilities. For those unfamiliar with GTEC’s corporate framework, the company is vertically integrated across all major sectors of the Canadian cannabis industry and presently holds all proper licensing for cultivation, extraction, and analytical testing.
GTEC Holdings Ltd (TSXV:GTEC.VN) (OTCQB:GGTTF) announced in early December 2018 that its wholly owned subsidiary, Alberta Craft Cannabis, had completed a major sale of cannabis products to CannMart Inc, a wholly owned subsidiary of Namaste Technologies Inc. In the months following the distribution deal, GTEC’s ultra-premium has risen to become the best-selling product presently available at CannMart.
Emblem Corp (EMMBF) (EMC) announced at the tail-end of December 2018, that the Company hadn’t entered into a definitive agreement under which they would be acquired by Aleafia ,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 currently valued at approximately $173.2 Million.
Following the announcement of the acquisition, Emblem CEO Nick Dean said, “Emblem’s patient-focused product portfolio and strength in patient education, conversion and retention through GrowWise will be further bolstered by the patient acquisition capabilities of Aleafia’s Canabo clinics. The combination of the companies will form a fully integrated market leader in the medical cannabis sector”
Charlotte’s Web Holdings Inc (CWBHF), one of several market leaders in whole-plant extraction products with naturally occurring CBD, announced its 2018 harvested hemp results earlier this month. The Company reported more than a 10 times growth in harvested hemp compared to its 2017 growing season. The high-quality 100% U.S.-grown hemp will be processed through proprietary extraction methods to create whole plant hemp extract that will be used in Charlotte’s Web products for sale in 2019 and 2020.
In a press release regarding the announcement of said harvest results, Hess Moallem, President and CEO of Charlotte’s Web, commented, “As the category and brand leader, our goal is to increase our market share and with this bountiful harvest we are able to satisfy our customer demands for 2019 and beyond. This incredible harvest ensures we can continue to produce our high-quality human nutrition products without being subject to constantly fluctuating market prices as is common with third-party sourced raw material.”
Cronos Group Inc (CRON) enjoyed impressive gains on Friday as its share climbed 2.10% in early-afternoon trading, selling for $16.03 per share. The Company’s market success on Friday may be connected to their announcement earlier this month that the meeting materials for a special meeting of holders of common shares of the Company to be held on February 21, 2019, including the management proxy circular dated December 31, 2018 prepared in connection with the proposed C$2.4 billion equity investment by Altria Group, Inc. in Cronos Group previously announced on December 7, 2018, had been mailed to Shareholders and filed with the relevant Canadian securities regulators.
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