CORAL GABLES, FL / ACCESSWIRE / August 9, 2018 / The legal cannabis industry has been around for several years now, but it still remains an industry that is very much in its infant stages. As we move across the course of the next few years, it seems as though there are more principles to investing in this industry than ever before.
The industry as a whole is expected to grow by massive amounts as we move toward the future. The only issue in the way seems to be that of legislation, but as the public perception of cannabis changes, it seems as though the laws are beginning to reflect that positive opinion. Here are 3 marijuana stocks to watch this month.
Beleave Inc. (BLEVF) (BE)
Market Cap: $39,917,882
Beleave Inc. (BLEVF) continues to add to its market capitalization this month.Shares of the company were trading as low as $0.85 a week ago.This morning, shares of Beleave have hit a high of $0.99. Beleave announced this week that it will be opening two new Medi-Green stores which will be located in London, Ontario and Montreal, Quebec. Furthermore, the company said that in late-September, Medi-Green would be opening the London store. With approximately 1500 sq. ft. of space and onboarding will begin on September 3rd.
"With the new stores, Medi-Green's superior customer service and respected expertise will be available to even more Canadians," said Beleave CFO, Bojan Krasic. "As the distribution and point of sale landscape evolves, we will continue to invest in additional locations, employee training, and community outreach to be advantageously positioned for new opportunities as they arise."
Cronos Group, Inc. (CRON)
Market Cap: $861,810,679
Cronos Group is a diversified and vertically integrated cannabis company that operates two wholly owned Licensed Producers regulated within Health Canada's Access to Cannabis for Medical Purposes Regulations and holds a portfolio of minority investments in other Licensed Producers.
This morning the company announced that it has entered into a supply agreement with one of the largest cannabis companies in the world by revenue in the first quarter of 2018, Cura Select Canada, Ltd. ("Cura"). Cura is on a mission to be the leading provider of premium cannabis oil and hemp oil to the legal U.S. and international markets and will enter the Canadian market to supply domestic and international channels through this agreement.
MariMed, Inc. (MRMD)
Market Cap: $511,402,938
MariMed Inc. is in the business of design, development, operation, funding, and optimization of medical cannabis cultivation, production, and dispensary facilities. According to the company, MariMed's team has developed state-of-the-art, regulatory-compliant legal cannabis facilities in multiple states. These facilities are models of excellence in horticultural principals, cannabis production, product development, and dispensary operations.
Earlier this month the company announced that it has signed an exclusive global licensing agreement with Vitiprints™ for the worldwide production and distribution rights in all existing and future legal cannabis markets. The agreement extends to all cannabis products made using Vitiprints’ proprietary technology, including liquid ingredient formulation, printing process, and the resulting array of dissolvable products.
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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, Midam Ventures LLC and Beleave Inc., Midam has been paid $200,000 from the company and ZERO shares of Beleave Inc. for a duration of 6 weeks beginning June 18, 2018, and ending July 31, 2018, NOW EXTENDED TO 8/31/2018. We may buy or sell additional shares of (BLEVF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.