CORAL GABLES, FL / ACCESSWIRE / January 31, 2019 / The future of the marijuana stock market is dependent on society become increasingly more accepting of the potential health benefits related to the cultivation of cannabis. As we've seen over the course of the past few years, more countries have brought forth legislation in favor of legalizing marijuana for recreational, as well as medicinal, purposes, and as a result, companies in the space have seen an influx in investor attention. If companies continue as they have been, the marijuana industry may see impressive gains as a result of favorable public opinions. ParcelPal Technology Inc (PTNYF) (PKG), Charlotte's Web Holdings Inc (CWBHF) (CWEB), CannTrust Holdings Inc. (OTC PINK: CNTTF), and Tilray Inc (TLRY) represent four companies determined to utilize cannabis as a means of improving the quality of life for consumers on a global scale.
ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the space, is taking advantage of the fact that, as technology has evolved over the years, so too has the willingness of consumers to be open-minded, in terms of the products they choose to purchase. The Company utilizes technology-driven logistics to connect consumers with the goods they love, including allowing customers to place orders for cannabis products. Customers can shop at partner businesses and, through the ParcelPal platform, receive their purchased goods within an hour.
ParcelPal Technology Inc (PTNYF) (PKG) has received significant notoriety from both consumers, as well as investors in the cannabis sector because the Company created an on-demand marketplace where there once was none.
ParcelPal Technology Inc (PTNYF) (PKG) announced earlier this week that the Company has formed a partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. According to the announcement, MADD Canada has endorsed ParcelPal as their official delivery service in Canada. As part of the ParcelPal's national rollout campaign, advertising for ParcelPal's service will be seen across the country in various educational forms. Together, MADD Canada and ParcelPal will launch a national awareness campaign focused on educating Canadians on the dangers of impaired driving and the options they have for getting items they want or need without leaving the party.
In a press release regarding the announcement, Kelly Abbott, President, and CEO of ParcelPal Technology Inc (PTNYF) (PKG), explained that ''As ParcelPal dives deeper into cannabis and alcohol delivery, we are very aware of the inherent risks associated with consumption. We take every precaution to ensure the product is not only delivered safely but will be consumed responsibly as well. Our driver training programs and our technology are designed to ensure they do not deliver to a highly intoxicated or underage person.''
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Charlotte's Web Holdings Inc (CWBHF) (CWEB), one of several market leaders in whole-plant hemp extract products with naturally occurring CBD, today announced that Stephen Lermer has joined the Company in the newly formed role of Chief Operating Officer effective January 28, 2019. Mr. Lermer, who comes to Charlotte's Web from the pharmaceutical industry, where he held senior leadership and executive positions at DuPont, Johnson & Johnson, Burroughs Wellcome, and countless other companies, will become responsible for overseeing all aspects of the Company's manufacturing, supply chain, research & development, legal and regulatory affairs, quality assurance and control, engineering, cultivation and operations management functions.
In a press release regarding the Company's executive appointee, Hess Moallem, President and CEO of Charlotte's Web, said, ''His (Stephen's) appointment dramatically expands our domestic and international operational capabilities and brings high-level pharmaceutical quality and operating expertise to our organization. I've had the privilege of working with Stephen in the past and consider him a trusted advisor.''
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CannTrust Holdings Inc (CNTTF) announced earlier this month that the Company has obtained the necessary permitting from the Town of Pelham to proceed with its Phase III expansion with the construction process set to commence immediately.
Per the details of the expansion plan, the revised Phase III expansion is permitted for a footprint of up to 390,000 square feet, compared to the 600,000 square feet in the Company's initial application. However, with enhancements to the Phase III facility above and beyond the specifications initially contemplated, CannTrust maintains its total production capacity forecast of 100,000 kg per year after completion of the Phase III construction.
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Tilray Inc (TLRY), a global pioneer in cannabis production, research, cultivation, and distribution, today announced the expansion of its senior leadership team with four regimented hires: Greg Christopher as EVP of Operations, formerly with Nestle; Rita Seguin as EVP of Human Resources, formerly with Diageo; Dara Redler as General Counsel, formerly with The Coca-Cola Company; and Charlie Cain as VP of Retail, formerly with Starbucks Corporation.
Following the announcement, Brendan Kennedy, Tilray CEO, commented, ''We are pleased to have these experienced leaders join our team as we continue to disrupt the global pharmaceutical, alcohol, CPG and functional food and beverage industries.''
For More Information On Tilray Inc., Click Here
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