CORAL GABLES, FL / ACCESSWIRE / October 30, 2018 / The North American cannabis market has seen a shakeup this month. Leading up to the October 17th "legalization date" in Canada, investors saw a surge in cannabis stock interest. As we approach a new month and next week's midterm elections in the United States, all eyes continue to watch the industry to see what's next.
Canadian producers and retailers have been unable to keep up with the demand among consumers for cannabis products. According to reports from Fortune*, this happened in spite of the fact that the country's Parliament voted to legalize marijuana in June, providing growers, distributors, and others in the industry several months of time to prepare for the change. Regardless of this fact, the high demand and low supply have created an obvious situation for a stronger cannabis economy according to many. With this in mind, we look at 3 marijuana stocks to watch as legalization continues to reach across North America.
Next Green Wave (NGW) recently 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.
Loud Seeds is a multiple cannabis cup winner for its seeds and clones, has flourished as innovators in developing premium quality cannabis products to meet the dynamic consumer demands. The principles over the past 20 years have developed a vast collection of award-winning strains and has been inducted into the High Times Hall of Fame and the Top 40 Seed Banks of all time.
Leigh Hughes, Executive Chairman of Next Green Wave (NGW): "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 traded as high as $0.85 this month.
Aurora Cannabis Inc. (ACB)(TSX:ACB.TO) said it was approved to make its first shipment of medical cannabis to Poland. The Canada-based company said it believes this was the first time a non-government business was granted approval to supply medical cannabis products in Poland. "Becoming the first company to supply cannabis to Poland is the validation of Aurora's ability to do business in international markets with high barriers to entry," said Chief Global Business Development Officer Neil Belot.
Shares of the company have pulled back to lows of $5.39 this week. Furthermore, the company has joined the likes of a few other marijuana stocks to list on a major US exchange in October.
Aphria (APHQF)(APH.TO) announced today that its common shares have been approved for listing on the New York Stock Exchange and will commence trading effective at the open of markets on November 2, 2018.
Aphria's shares will trade on the NYSE under the ticker symbol "APHA". The Company's ticker symbol on the Toronto Stock Exchange (TSX) will also change from "APH" to "APHA", effective November 2, 2018. Existing shares of Aphria, which previously traded on the OTCQB under the ticker symbol "APHQF" will now trade on the NYSE.
Currently, Aphria has a presence in more than 10 countries across 5 continents
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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 expects to be paid a total of $1,075,000 for a period of six (6) months from October 1, 2018 and ending on April 1, 2019. The cash compensation will be paid out in increments monthly from the company to MIDAM. As of 10/01/2018 MIDAM has been paid a total of $150,000 from Next Green Wave (NGW). As MIDAM is paid by Next Green Wave (NGW) the disclaimer will update. 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. As of October 29,2018 a member of MAPH Enterprises has 98,000 shares of Aurora Cannabis purchased in the open market and may be sold at any time. The disclaimer will be updated at such time. Please click here for full disclaimer.
*Fortune Article: http://fortune.com/2018/10/21/canada-runs-out-legal-weed/.