[ACCESSWIRE]
CORAL GABLES, FL / ACCESSWIRE / January 16, 2019 / Marijuana stocks have undoubtedly seen a massive boom over the course of the past few years, largely in part to the changing of legislation, in favor of cannabis, across the board in places like Canada and several states throughout the U.S. Whereas cannabis endured countless generations of prohibition, following the recent passing of the US Farm Bill, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. As we continue into the new year and watch for the possibilities it may hold, CLS Holdings USA Inc (OTC: CLSH), Aurora Cannabis Inc (TSX: ACB, NYSE: ACB), Charlotte's Web Holdings Inc (OTCQX: CWBHF), and CannTrust Holdings Inc (OTC PINK: CNTTF) represent 4 companies invested in the future of the cannabis industry.
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 in 2018, CLS Holdings USA Inc (OTC: CLSH) 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.
Following the Company's acquisition, Jeffrey Binder, Chairman, and CEO of CLS, said, "This is an exciting day for CLS as it opens up an entirely new base of knowledgeable cannabis investors. The company has worked hard to achieve this listing and we are appreciative of the opportunity to have our company listed on such a terrific platform."
In more recent news, CLS Holdings USA Inc (OTC: CLSH) announced today that it has entered into an option to acquire In Good Health, in accordance with the previously executed letter of intent. For those unaware, In Good Health, is a licensed medical dispensary located in Brockton, Massachusetts. 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.
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Aurora Cannabis Inc (ACB) found itself in headlines earlier this week when the Company announced on Monday that they had entered into a letter of intent agreement to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction valued at up to approximately $175 million, including certain milestone payments.
Following the announcement, Terry Booth, CEO of Aurora, stated, "This transaction adds an iconic, organic certified BC-based brand with exceptional traction and a significant price premium in both the medical and retail markets. We intend to accelerate the completion of Whistler's Pemberton expansion project, and leverage our domestic and international distribution channels to increase market reach for their exceptional products. Whistler has established leadership in the organic cannabis market, and we look forward to welcoming Christopher and his team to the Aurora family."
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Charlotte's Web Holdings, Inc (CWBHF), a company leading the industry in whole-plant hemp extract products with naturally occurring cannabidiol, reported earlier this week that its 2018 harvested hemp results. According to the announcement, the Company reported more than ten times growth in harvested hemp compared to its 2017 growing season.
In a press release regarding the matter, Hess Moallem, President and CEO of Charlotte's Web, said, "Charlotte's Web is one of only a few hemp CBD producers capable of supplying large volumes of high-quality hemp extract from its own supply chain that can meet significantly increasing market demand. As the category and brand leader, our goal is to increase our market share and with this bountiful harvest, we are able to satisfy our customer demands for 2019 and beyond.
For More Information On Charlotte's Web Holdings, Inc, Click Here
CannTrust Holdings Inc (CNTTF), one of Canada's leading, licensed producers of cannabis, announced earlier this month that it had applied to list its common shares on the New York Stock Exchange. As with any company that goes down this route,listing of the Company's common shares on the NYSE is subject to the approval of the NYSE and the satisfaction of all applicable listing and regulatory requirements.
Following the Company's announcement, Peter Aceto, CEO of CannTrust, said, "CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in trust, science, and innovation. A listing on the NYSE is a natural step forward in our evolution as we look to broaden our investor base, increase the Company's exposure and expand our business on an international scale."
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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.
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