CORAL GABLES, FL / ACCESSWIRE / October 4, 2018 / Two weeks from yesterday, Canada will be set to open its recreationalcannabis industry to the public. That's right, on October 17 the wait will be over. This boom has been like no other that the cannabis industry has seen since 2013 and the reason for that is because there are a number of "traditional companies" looking to get involved now. PepsiCo saidthat it's taking a hard look at the cannabis industry as other beverage makers like Coca Cola are said to also be exploring the market.
"I think we'll look at it critically, but I'm not prepared to share any plans that we may have in the space right now," Chief Financial Officer Hugh Johnston told reporters on CNBC'sSquawk on the Street this week. With so much attention on the market ahead of the seemingly big potential ahead, are some of these marijuanastocks on your watch list for October?
IntegratedCannabis Company (ICNAF) (ICAN) continues to trend higher on Thursday. Last week Integrated Cannabis Company announced the completion of a Letter Agreement to collaborate on X-SPRAYSTM products for the Canadian market with a Canadian License Producer under Health Canada's Access to Cannabis for Medical Purposes Regulations, GTEC Holdings Ltd. On the heels of this, the company has announced today the successful completion and positive results of a controlled trial of its proprietary Sleep product.
"The unique formulation of ingredients in the X-SPRAYS™ sleep supplement contributed to a significant improvement in sleep quality together with a reduction in daytime sleepiness, pain, and depression, when compared to the control group. The study was conducted in a controlled and regulated clinical environment, which prohibits the test of cannabis products. Therefore the study was on our non-cannabinoid product. However, our experience with the infusion of CBD into the tested formulation has rendered profound increased benefits. Furthermore, we are actively seeking clinical study relationships in legal jurisdictions outside of North America for our cannabinoid-based products and expect to replicate the aforementioned study in the near term. The spray has the added benefit of being easy to use, is fast acting, promotes a superb night's rest and does not leave you feeling groggy in the morning," said Dr. Clive Spray, CSO of Integrated Cannabis.
Integrated Cannabis Company's stock has been in an uptrend for weeks now and after the recent pullback this week, shares began rebounding on Thursday.
Freedom Leaf Inc. (OTCQB: FRLF) has seen a very active week already with its second big trading day in a row. The company is the owner of full spectrum CBD brands IrieCBD and Hempology The company announced this week that it has received a significant investment from cannabis private equity firm Merida Capital Partners to further expand its existing US sales channels and accelerate its European hemp cultivation operations.
Freedom Leaf and Merida have also agreed in principal to a strategic partnership by which Merida will provide certain operational resources and support for both Freedom Leaf's US hemp-based cannabidiol sales efforts and their global cultivation operations. In connection with Merida’s investment, Merida Senior Partner David Goldburg will be joining the Freedom Leaf Board of Directors.
MariMed Inc. (MRMD) recently announced that it had struck a deal with its strategic investment in Sprout, an all-in-one CRM and marketing Software Company for marijuana dispensaries and cannabis brands. This completes the previously announced MariMed LOI for investment in Cannabis Venture Partners, the parent company of Sprout.
''The cannabis industry needs a comprehensive software solution which integrates a full-featured CRM engine and platform for marketing, education, and analysis for brands, dispensaries, educators, and researchers,'' said MariMed CEO Robert Fireman. ''The Sprout platform has the foundation for these functions and more. MariMed will work with the Sprout team to make this software the best for the cannabis industry. This product enables MariMed to provide a bundled technology solution for its brands, facilities, and strategic partnerships incorporating both B2B and B2C communications.''
Shares of MariMed are up more than 15% this month.
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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. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. We own zero shares. Please click herefor full disclaimer