CORAL GABLES, FL / ACCESSWIRE / January 28, 2019 / The marijuana stock market has been a hotbed of excitement over the course of the past few years. With so many new legal initiatives occurring throughout the industry in North America and beyond, these variables have fallen into place that have allowed for more favorable opinion surrounding cannabis. In turn, the trends towards accepting cannabis, and its countless uses, has allowed for companies in the space to attract investor attention. Some studies have shown that the global cannabis industry is potentially worth as much as $50 billion which should continue to grow as we move toward the future. CLS Holdings USA Inc (OTC:CLSH) , Aphria Inc (NYSE: APHA; TSX: APHA), Tilray Inc (NASDAQ:TLRY), and New Age Beverages Corporation (NASDAQ:NBEV) are 4 pot stocks that are heating up on Monday.
CLS Holdings USA Inc (OTC:CLSH) is a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries. The Company’s business model is comprised of licensing operations, processing operations, professing facilities, product sales, and brand creation.
Earlier this month, CLS Holdings USA Inc (OTC:CLSH) announced that it had entered into an option to acquire In Good Health, in accordance with the previously executed letter of intent. Subject to the terms and conditions of the Agreement, the parties have agreed upon all of the documents necessary to complete the acquisition. The completion of the acquisition of In Good Health remains subject to a number of conditions as set out in the Agreement.
According to the details of the announcement, In Good Health is one of the 48 licensed dispensaries in the state, and currently services over 18,000 registered patients and delivers to 1,700 homes with key product offerings of flower, concentrates, vapes, edibles, pre-rolls, and tinctures. In collaboration with CLS Holdings USA Inc (OTC:CLSH) , the two companies will continue to offer quality products to improve the lives of consumers.
Aphria Inc (APHA) announced earlier this month that it had entered into an exclusive agreement with Toronto-based UNOapp Inc to collaborate on the development of technology and analytics solutions for Canada’s adult-use cannabis industry.
In a press release regarding the agreement, Jakob Ripshtein, President of Aphria, said, ”Our industry’s long-term future will be driven by consumer-centric, innovation-led product, brand, and technology solutions. We are excited about this collaboration with a fantastic technology partner in UNOapp and look forward to developing industry-leading solutions that shape the adult-use cannabis market for years to come.”
Tilray Inc (NASDAQ:TLRY), a global leader in cannabis research, cultivation, production, and distribution, found itself in headlines earlier this month when the Company announced that it had entered into a definitive agreement pursuant to which Tilray, through a wholly-owned subsidiary, will acquire all of the issued and outstanding securities of Natura Naturals Holdings Inc., the parent company of a licensed cultivator of cannabis.
As a result of the acquisition, if completed, Tilray will obtain Natura’s 662,000 square-foot greenhouse cultivation facility, of which 155,000 square-feet are currently licensed, and all subsequent cannabis output from this facility.
Brendan Kennedy, Tilray President and CEO, said, ”we’re very pleased to have an agreement in place that allows us to expand our capacity to supply high-quality branded cannabis products to the Canadian market.”
New Age Beverages Corporation (NBEV) saw its shares climb 8.77% in afternoon trading on Monday, trading at $7.19 per share. Earlier this month, the Company announced the signing of an agreement to develop and distribute Marley branded cannabis-infused beverages.
Following the Company’s announcement, Michael Cunningham, Senior VP of Sales for New Age, commented, “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+CBDproduct. Retailers and distributors realize that it will be a long road for smaller CBD brands to gain traction and brand equity.”
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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 CLS Holdings USA Inc. (CLSH), Midam has been paid $100,000 from CLS Holdings USA Inc. (CLSH) for a period from November 30, 2018 to December 30, 2018. We have been compensated an additional $100,000 ( CASH) from CLS Holdings USA extending the contract another 30 days ending January 31, 2019. We may buy or sell additional shares of (CLSH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about CLS Holdings USA Inc. (CLSH), click here for our full disclaimer.