CORAL GABLES, FL / ACCESSWIRE / October 11, 2018 / Thecannabis industry is seeing the birth of strategic investments and new acquisitions this year. Ahead of Canada's national legalization of recreationalmarijuana next week, investors are laser focused on marijuana stocks. "With cannabis, you're talking about this massive step change in terms of the addressable market," Vivien Azer said on CNBC's "Squawk Box" on Wednesday. "You're bringing a $7 billion illicit market into the legal market and so it does require a different valuation framework."
Thecannabis industry's rapid growth and new partnerships with mainstream brands Molson Coors, Constellation Brands and possibly Coca-Cola could show a far greater opportunity for legal marijuana than investors and analysts initially thought. Here are three pot stocks that investors are taking notice of in anticipation of Canada's legalization.
IntegratedCannabis Company (ICNAF) (ICAN) announced a retail focused collaboration this morning, with New Age Farm, Inc. (NF, NWGFF, 0NF), to deliver CBD education and innovative CBD products to the Colorado market this Fall. "We are excited to team up with Integrated Cannabis to bring an innovative approach to further grow our collective brands along with the overall knowledge and acceptance of CBD and its' vast benefits. I have personally known Mr. Knapp for years and we have worked together and in parallel from the early days of the cannabis industry in Colorado and other legal markets.We are looking forward to prove our new concept in the Denver market and will use this experience to take the template nationwide," said Josh Bartch, CEO of New Age Farm.
On the heels of this news, last week the company reported on its successful completion and positive results of a controlled trial of its proprietary Sleep product. The controlled 60 patient trial was completed with a renowned pain clinic in Southern California and the results were highly favorable; resulting in improvement in patients' sleep patterns combined with the unexpected, but highly desirable, decrease in the level of pain.
Aphria Inc. (APHQF) (APH.TO) in connection with Drug Free Kids Canada announced today that they have entered into a Charter Agreement focused on increasing educational awareness of the potential harms of cannabis for children and underage youth and the safe and responsible use of cannabis by adults.
Aphria and Drug Free Kids are united by their shared values of keeping cannabis out of the hands of children and youth and raising awareness though effective educational campaigns. The Agreement is expected to produce new market research and cannabis health and safety campaigns, with a focus on protecting children and youth.
Shares of Aphria rallied during afternoon trading on Wednesday a report stated that the Marlboro cigarette maker is in talks to buy a stake in the Canadian marijuana company. Despite this, Aphria refuted this speculation stating that there is no agreement, understanding or arrangement in place with a potential investor at this time.
Cronos Group (CRON) (CRON) and Aleafia Health Inc. (ALEAF) (ALEF) recently announced that the two companies entered into a joint medical cannabis study to improve the management and treatment of insomnia and daytime sleepiness.
"Aleafia is excited to participate in a study with Cronos Group, a company with a firm commitment to patient health. For far too long, the answer to a patient's sleeping disorder or chronic pain has been a prescription and a bottle of pills," said Aleafia Chief Medical Officer Dr. Michael Verbora.
"There is mounting evidence of the risks of prescription sleeping aids including worsening mental health and increased risk of dementia. This study may in part point to medical cannabis as an alternative to harmful prescription drugs."
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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.
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