3 Marijuana Stocks Raising Eyebrows This Quarter
CORAL GABLES, FL / ACCESSWIRE / November 5,2018 / Marijuana stocks are in focus ahead of midterm elections in the US. After a significant sell-off that coincided with the broader market's weakness, cannabis stocks have recently shown signs of rebounding or at least stabilizing. While President Trump attempts to make the elections about immigration, medical marijuana legalization and recreational marijuana legalization are also on the ballot in a number of states. This could have implications for marijuana stocks.
Voters in Michigan and North Dakota will consider plans for recreational marijuana legalization. Utah and Missouri will consider medical marijuana legalization. Additionally, Michigan, New York, and New Hampshire will see legal marijuana advancing or stalling depending on the gubernatorial race outcomes.
As pot stocks heat up, three companies to watch before the election includes Next Green Wave (NGW), Canopy Growth. (CGC) (WEED.TO) and Charlotte's Web Holdings, Inc. (CNSX:CWEB.CN) (CWBHF).
Next Green Wave (NGW) is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California. NGW central operations are in Coalinga, which is centered between two major markets of San Francisco and Los Angeles and has been awarded permits for nursery, cultivation, extraction, and distribution. At the end of October, Next Green Wave (NGW) provided an update on the advancement of its cannabis production facility, located in the community of Coalinga, California. The first phase of construction on the $8M state-of-the-art indoor facility is now 90% complete.
"We are laying a strong foundation for the company and our stakeholders, it has only been two weeks since Next Green Wave (NGW) was publicly listed, and we are hitting all our benchmarks completing the groundwork and facility so that we can get into revenue as quickly as possible," commented Executive Chairman Leigh Hughes."We're also taking proactive steps to strengthen our workforce and taking the opportunity to invest in the community in which we will be operating."
In addition to this, Next Green Wave (NGW) released news last month 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.
For More Information On Next Green Wave, Click Here
Canopy Growth. (CGC) (WEED) provided a Fundamental Change Notice, Notice of Right to Convert, Notice of Make-Whole Fundamental Change and Related Conversion Rate Adjustment, and Offer to Repurchase for Cash to holders of its C$600,000,000 aggregate principal amount of 4.25% Convertible Senior Notes Due 2023, pursuant to the Indenture, dated June 20, 2018, among the Company, GLAS Trust Company LLC, as U.S. trustee and Computershare Trust Company of Canada, as Canadian trustee.
As a result of the Fundamental Change, the Company has commenced a tender offer to repurchase, at the option of each holder, any and all of the Notes.
Shares of Canopy have climbed during the second half of Monday's trading session.
For More Information On Canopy Growth, Click Here
Charlotte's Web Holdings, Inc. (CWEB.CN) (CWBHF) products were sold in approximately 2,000 locations at the end of 2017. Charlotte's Web announced that it has surpassed 3000 retail locations across the United States. The Company disclosed 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 13% on Monday
For More Information On Charlotte's Web, Click Here
About marijuanastocks.com
MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana-related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication. At present, the company is a late stage applicant under the Access to Cannabis for Medical Purposes Regulations.
Legal Disclaimer
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
Contact Information:
SOURCE: MarijuanaStocks.com
