CORAL GABLES, FL / ACCESSWIRE / February 22, 2019 / The marijuana stock market has taken over media headlines over the course of the past few years, during the course of which top players in the cannabis industry have seen a substantial increase in investor interest. Considering the innovative approaches companies in the sector are taking to develop high-quality products for cannabis consumers, it makes perfect sense that this had resulted in the excitement surrounding the market. In addition to the positive shift in public opinion, lawmakers across the global cannabis space are putting forth legislation in favor of legalizing marijuana. If these trends remain consistent, the cannabis sector could generate potential opportunities for investors. CLS Holdings USA Inc (CLSH), GW Pharmaceuticals plc (NASDAQ: GWPH), New Age Beverages Corporation (NASDAQ: NBEV), and Village Farms International Inc (NASDAQ: VFF) (TSX: VFF) are 4 pot stocks worth keeping on your radar.
CLS Holdings USA Inc (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. Like other companies in the cannabis industry, CLS is taking advantage of the recent boom in the excitement surrounding marijuana and its countless uses for improving the quality of life for consumers. Earlier in 2018, the Company closed on its acquisition of Oasis Cannabis, a company which announced that packaged marijuana product represented 67% of its total sales. As a cannabis retailer for the state of Nevada, Oasis served over 127,000 customers in its first year of adult-use sales.
In recent news, CLS Holdings USA Inc (CLSH) announced earlier this month that it has been included in the LD Micro Index, effective February 1, 2019. For those unfamiliar with the index, the LD Micro Index is designed to give the most accurate representation of the intraday activity of micro-cap stocks in North America.
Presently, the index is market cap weighted and is comprised of 996 stocks in the U.S. and Canada with market capitalizations between $50 million and $300 million.
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GW Pharmaceuticals plc (GWPH), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, announced earlier this month that the Company will release its financial results for the quarter ending December 31, 2018, later this month.
In addition to releasing their results, the Company will host a conference call the same day at 4:30 pm EST.
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New Age Beverages Corporation (NBEV) announced at the tail-end of January updates regarding the global expansion of its Noni+Collagen product, following achievement of over $4 million in revenue in its first two months in initial test markets. The product was created by the Company's Morinda Division and currently offers the brand in 50 ml glass bottle shots, positioned as a once-daily use, sold in three 10-packs for a 30-day supply.
Following the announcement, Shon Whitney, Morinda's Vice President of Sales and Marketing, commented, "we are the first and only company in the world to combine pure hydrolyzed collagen with authentic Tahitian Noni Juice. In hundreds of testimonials and reviews from customers all over the world, we heard how consumers love the product and see tangible results in their skin and overall appearance. We had no choice but to expand it globally given the demand.''
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Village Farms International Inc (VFF) made headlines earlier this week when the Company announced that its common shares would commence trading on the Nasdaq Capital Market under the symbol "VFF" on Thursday, February 21, 2019. Village Farms' common shares will continue to be listed and trade on the Toronto Stock Exchange, also under the symbol "VFF."
In addition to the Company's announcement, Village Farms will voluntarily delist its common shares from the OTCQX. Shareholders who have previously traded Village Farms common shares through the OTCQX will now be able to trade those shares through Nasdaq.
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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 have been compensated an additional $100,000 (CASH) from CLS Holdings USA extending the contract another 30 days ending February 28, 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.
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