3 Cannabis Stocks Benefiting From The Cannabis Industry Expansion
CORAL GABLES, FL / ACCESSWIRE / November 2, 2018 / Marijuana stocks began to recover this week has more attention was created from global moves in the UK and Mexico. Specific to the UK, investors may want to keep a close eye on the medical marijuana side of this industry. The global medical cannabis market size was estimated to be more than US$ 11 Billion in 2017. The cannabis market value is further expected to reach around US$ 37 Billion by 2023, exhibiting a CAGR of around 22% during 2017-2023 according to a report from Research And Markets.
''Cannabis finds applications in the treatment of a wide range of diseases and symptoms including cancer, chronic pain, depression, arthritis, diabetes, glaucoma, migraines, epilepsy, MS, AIDS, ALS, Alzheimer's, PTSD, Parkinson's, Tourette's, etc.''
Right now, investors are looking at a number of cannabis companies working to take full advantage of this market boom including Next Green Wave (NGW), MedMen Enterprises Inc. (MMEN.CN) (MMNFF), and Charlotte's Web Holdings, Inc. (CWEB.CN) (CWBHF).
Next Green Wave (NGW) released news this week that it has entered into a letter of intent whereby the Company intends to acquire 100% of Loud Seeds, LLC along with the Loud Seeds brand and all of its related assets. As consideration for the Transaction, Next Green Wave intends to distribute $2,000,000 in common shares of the Company to the shareholders of Loud Seeds.
Leigh Hughes, Executive Chairman of Next Green Wave: ''Being able to bring one of the best seed banks in the world into our nursery continues to differentiate Next Green Wave from other cultivators. We are excited to join an award-winning genetics portfolio with world-class breeding skills as the construction of our first facility nears completion and begins cultivation.''
Shares of Next Green Wave have climbed to highs of $0.81 on Tuesday.
For More Information On Next Green Wave, Click Here
MedMen Enterprises Inc. (MMEN.CN) (MMNFF) announced this week that it has signed a definitive agreement to acquire control of Kannaboost Technology Inc. and CSI Solutions LLC, collectively referred to as "Level Up," in a cash and stock transaction valued at $33,000,000. LevelUp holds licenses for two vertically integrated operations in Arizona, which include retail locations in Scottsdale and Tempe, as well as 25,000 square feet of cultivation and production capacity in Tempe and Phoenix.
As part of the transaction, the Company will also receive a 40 percent stake in top-selling brand K.I.N.D. Concentrates, which is currently distributed in over 90 percent of the dispensaries in Arizona. "This acquisition strengthens our presence in one of the top cannabis markets in the U.S.," said Adam Bierman, MedMen chief executive and co-founder. "We will continue to identify highly accretive transactions in core states and remain laser-focused on executing our retail playbook."
For More Information On MedMen, Click Here
Charlotte's Web Holdings, Inc. (CWEB.CN) (CWBHF) announced that it has surpassed 3000 retail locations across the United States. At the end of 2017, Charlotte's Web products were sold in approximately 2,000 locations. The Company disclosed today that it surpassed its 2018 year-end goal of 3,000 locations during the 3rd quarter.
Charlotte's Web CEO Hess Moallem stated in a press release, ''While we are thrilled to beat our retail expectations for the year, we know this is just the beginning of our continued expansion both domestically and worldwide. We are deeply committed to the millions of people who benefit from Charlotte's Web and we will continue breaking new ground to ensure our products are made available in as many retail locations as possible."
Shares of Charlotte's Web were up by more than 11% on Friday
For More Information On Charlotte's Web, 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 Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1, 2018 to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. Please click here for full disclaimer
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