[ACCESSWIRE]
CORAL GABLES, FL / ACCESSWIRE / September 21, 2018 / Marijuana stocks have remained on a high during the month of September and pre market trading has a number of these cannabis stocks heading higher. Traders have flocked to medical-marijuana producers like Tilray (TLRY), for instance, after the company won approval from the Drug Enforcement Administration to import a cannabis product drug into the U.S. for a clinical trial.
However, since Tilray soared to its $300 highs, the stock has pulled back and left the door open for other pot stocks to take the spotlight. With this being the case, there are multiple cannabis companies to look at as the October date in Canada comes closer.
Integrated Cannabis Company (ICNAF) (ICAN)
Shares of Integrated Cannabis Company have climbed as high as $0.8941 during Thursday's trading session. One month ago on August 21, shares of Integrated Cannabis Company opened trading at $0.3554 and this latest run since then has equated to 151.58%. Over the last few weeks, the company has been keeping the public abreast of new developments.
These have included the completion of a market ready THC-infused spray product and the required licensure for manufacturing of the product in Colorado. In addition to this, yesterday the company announced the completion of a Letter of Intent to distribute X-SPRAYS™ products throughout the clinics and doctors' offices of Empower Clinics Inc. (EPW), which is a leading owner and operator of medical cannabis and wellness clinics in the United States.
The company provides treatment solutions through its physician-staffed clinics that are focused on education, data, and efficacy. Empower is a recognized leader and the first choice for patients seeking quality experience and improved health.
For More Information On Integrated Cannabis Company, Click Here
FSD Pharma (OTCQB: FSDDF)(CSE: HUGE)
Shares of FSD Pharma have also continued to move higher during the month of September. On September 4 the company's stock opened at $0.22. During the course of the last few weeks, shares traded as high as $0.88 and closed trading on Thursday at $0.69.This week the company announced that Auxly Cannabis has made an equity investment into the Company at $1.00 per Class B Subordinate Voting Share for total proceeds of $7.5 million. No fees were paid to brokers in connection with the transaction.
Proceeds of the financing will be deployed toward construction of the 220,000 square foot cultivation footprint that FSD and Auxly are jointly developing pursuant to their strategic alliance and streaming agreement previously announced on March 5, 2018. The build out of the Joint Cultivation Footprint is currently underway in Cobourg, Ontario and will include dedicated space for large-scale extraction capabilities.
For More Information On FSD Pharma, Click Here
Aurora Cannabis. (OTCQX: ACBFF) (TSX: ACB)
This week the company announced that it has completed its previously announced distribution of Australis shares and warrants. The distribution was completed on September 19, 2018, and the Australis shares and warrants will commence trading on the CSE under the symbol "AUSA" effective at the market open today.
"With the completion of this distribution we have delivered an immediate return of capital to Aurora shareholders while enabling the Australis team to proceed with their mandate to invest in U.S. cannabis assets with high growth potential," said Terry Booth, CEO of Aurora. "Australis' management, board of directors and investment committee are well positioned to leverage their collective knowledge and extensive experiences to rapidly execute on the tremendous opportunity ahead to generate substantial long-term shareholder value."
For More Information On Aurora, Click Here
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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 Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 6 months beginning September 4, 2018 and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. As of September 21, 2018 a member of MAPH Enterprises LLC holds 34,500 freely trading shares of Aurora (OTCQX: ACBFF) purchased in the open market. These may be sold at any point. Please click here for full disclaimer
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SOURCE: MarijuanaStocks.com
https://www.accesswire.com/512384/Marijuana-Stock-Report-For-Friday-September-21-2018
