CORAL GABLES, FL / ACCESSWIRE / March 4, 2019 / Typically, individuals who view the marijuana stock market tend to focus on cannabis companies perfuming at the top of the industry, but this methodology completely overlooks potential companies otherwise flying under the radar. These small-to-mid cap stock companies are worth looking into because unlike their large-cap counterparts who are often bogged down by bureaucratic processes, these companies are far more maneuverable in times of volatility. In terms of specific companies worth looking into, the recent trend has surrounding those which are working to develop products with cannabidiol, either derived from marijuana or hemp. CBD has none of the psychotropic effects of THC but contains many of the health benefits that consumers enjoy. CLS Holdings USA Inc (OTC: CLSH), TILT Holdings Inc (SVVTF), 1933 Industries Inc (TGIFF), and Namaste Technologies Inc (NXTTF) are 4 marijuana stocks setting the pace 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. 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.
CLS Holdings USA Inc (OTC: CLSH) announced at the tail-end of February that the Company has redeemed all of its convertible debentures issued to YA II PN, Ltd., "Yorkville", a Cayman Island exempted limited partnership, which was issued on May 14, 2018, and July 20, 2018. Pursuant to the terms of the debentures, the investor generally was able to convert any portion of the principal and accrued interest under the debentures into CLS Common Stock at a fixed conversion price of $0.40 per share.
Per the details of the announcement, through the redemption of the debentures for total cash consideration of $964,787, CLS Holdings USA Inc (OTC: CLSH) has eliminated the potential issuance of approximately 2.5 million shares of CLS stock that would be immediately eligible for resale.
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TILT Holdings Inc (SVVTF) announced in late February that Commonwealth Alternative Care, the Company's cultivation, processing and dispensing facility in Taunton, Mass., has made its initial annual Host Community Payment of $125,000 to the city of Taunton under its Host Community Agreement.
Following the announcement, Alex Coleman, Chairman, and CEO of TILT, said, "we are delighted to serve the people of Massachusetts and are very pleased with our productive relationship with Mayor Hoye and the city of Taunton. We are committed to supporting the local communities in which we operate and are excited about our ongoing partnership as we expand our operations in Taunton and throughout the Commonwealth."
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1933 Industries Inc (TGIFF), a licensed cultivator and producer of cannabis flower and concentrates, as well as hemp-derived CBD wellness products, announced in late February the launch of its new short film, The Dawn of a New Era, a chronicle of the journey of cannabis from the dawn of civilization, through the origins of prohibition, to its new beginnings in modern society.
Brayden Sutton, President, and CEO of 1933 Industries commented, "while perceptions of the plant continue to evolve, we are witnessing a post-prohibition booming industry, where the medicinal nature of the cannabis plant is being recognized. The trends in the cannabis market are akin to those at the end of alcohol prohibition, where the rapid growth of new companies, brands, jobs, and investment have the potential to create an industry as large as that of alcohol today."
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Namaste Technologies Inc (NXTTF) made headlines in early February when the Company announced that it had reached a mutually agreed upon settlement with Sean Dollinger resulting in Mr. Dollinger entering into an advisory relationship with Namaste providing transition support to the Company to ensure the best interests of the business and stakeholders are met.
Per the specific details of the agreement, Mr. Dollinger has withdrawn his previously announced legal application against the Company and has agreed to step down from all formal roles with the Company, including as a director, which will also enable him to spend more time with his young family and pursue other opportunities.
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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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