CORAL GABLES, FL / ACCESSWIRE / March 25, 2019 / The marijuana stock market has endured a whirlwind of volatility over the course of the last few years but in the first few months of 2019, companies in the cannabis sector have managed to stay strong through bearish periods of trading. It seems as though a significant portion of the changes taking place in the marijuana industry is directly connected to the recent push from the public who are insisting that lawmakers pass positive cannabis legislation. Whereas in the past cannabis was largely condemned, nowadays, consumers are well-versed in the potential health benefits of cannabis products, and the general feeling towards the cannabis sector is shifting in a positive direction. ParcelPal Technology Inc (PTNYF) (PKG), Curaleaf Holdings Inc (OTCQX: CURLF), Harvest Health & Recreation Inc (OTCQX: HRVSF), and Namaste Technologies Inc (OTCQB: NXTTF) (TSX-V: N) represent 4 marijuana stocks looking to kick off a strong week of trading.
ParcelPal Technology Inc (PTNYF) (PKG) is a technology-driven logistics company which has made it a priority to connect its consumers with the goods they love through the use of an innovative, easily-accessible, on-demand marketplace. When customers use ParcelPal's platform, they can rest easy knowing that, once they've placed an order, it will be delivered to their designated location in less than an hour. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.
ParcelPal Technology Inc (PTNYF) (PKG) made headlines last week when it announced that the Company has successfully completed more than two million deliveries since its inception. This milestone demonstrates the growth the Company has undergone since its inception as well as further validates that they are on the way to becoming the most diverse and top on-demand delivery company in Canada and soon the United States.
Following the announcement, Kelly Abbot, Chief Executive Officer of ParcelPal Technology Inc (PTNYF) (PKG), said, ''we are extremely excited to have achieved this major milestone. Our growth in 2018 was tremendous and our team has grown significantly. We are looking forward to a successful rollout in the cannabis industry amongst other verticals in the coming months across Canada with existing and future partnerships.''
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Curaleaf Holdings Inc (CURLF) last week announced the grand opening of its Gainesville dispensary as the company continues to expand rapidly throughout the state. Per the details of the announcement, the Gainesville dispensary includes 2 private consultation rooms for patients and a community meeting room. The company will launch a series of monthly educational events this April for local patients, physicians, and community members. Per the details of the announcement, the Gainesville dispensary will be over 1,100 square feet and include 2 private consultation rooms for patients and a community meeting room.
Joe Lusardi, Chief Executive Officer of Curaleaf, stated, ''strong patient demand in the Gainesville area supported the transformation of our fulfillment center into a full-service dispensary where Alachua County patients can take advantage of our compassionate, exceptional customer service and educational resources, in addition to having access to our premium quality medical marijuana products.''
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Harvest Health & Recreation Inc (HRVSF), a vertically integrated public cannabis company earlier this month announced the granting of stock options pursuant to the stock option plan of the Corporation, whereby the Corporation has granted a total of 12,350,250 stock options to certain officers, directors, employees or consultants of the Corporation.
Per the specifics of the announcement, each stock option, granted on March 13, 2019, will entitle the holder thereof to purchase one common share of the Corporation at a price of CND $10.20 per share (subject to adjustment in accordance with the stock option plan of the Corporation) until March 13, 2029.
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Namaste Technologies Inc (NXTTF) (N) earlier this month announced that the Company had completed the previously announced acquisition of 49% of the common shares of Toronto-based Pineapple Express Delivery Inc. Pursuant to the terms of the Purchase Agreement, the Company issued the selling shareholders of Pineapple Express such number of Namaste common shares having an aggregate value of approximately $3.06 Million, based on the closing price of Namaste's common shares on the TSX Venture Exchange on December 14, 2018.
At the time of the announcement, Meni Morim, Interim CEO of Namaste Technologies, said, ''Pineapple Express is a premier delivery company when it comes to cannabis in Canada, and we look forward to working closely with Randy and his team to continue to grow the business. The acquisition of the shares of Pineapple Express is an important component in Namaste's growth strategy and customer service platform, and shows follow-through, as we continue to operate business as usual and moving forward.''
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