CORAL GABLES, FL / ACCESSWIRE / February 7, 2019 / When thinking about the marijuana stock market, safety is not often something that comes to mind. This is due to a variety of factors, namely the recent influx of legislation regarding cannabis, as well as the general infancy of the industry overall. The current state of the market is rather volatile, but that is relatively usual for any nascent industry. Including the 2018 year, marijuana continues to look as though it could be legalized on a federal level sometime in the near future. As a result of the increase in favorable opinion, investors looking for potential opportunities have shifted their focus on the cannabis industry. With February underway, Future Farms Technologies Inc (CSE:FFT) (OTCQB:FFRMF), Curaleaf Holdings Inc (OTC PINK: CURLF), Aurora Cannabis Inc (NYSE: ACB, TSX: ACB), and iAnthus Capital Holdings Inc (ITHUF) are 4 pot stocks looking to have a breakout day of trading on Thursday.
Future Farms Technologies Inc (CSE:FFT) (OTCQB:FFRMF) is a publicly traded Canadian company that acquires and develops a diversified portfolio of projects in the cannabis and agricultural technology sectors. The Company is comprised of innovative decision makers, at the top of their field, determined to advance sustainable agriculture through the production of wholesale and retail cannabis products, including hemp.
As a leader in its field, Future Farms Technologies Inc (CSE:FFT) (OTCQB:FFRMF) is focused on four key market segments in the cannabis industry, namely cultivation, processing and breeding genetics, retail, and technologies meant to advance the sector as a whole. Presently, the Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional planting methods, generates yields up to 10 times greater per square foot.
In recent news, Future Farms Technologies Inc (CSE:FFT) (OTCQB:FFRMF) announced earlier this week that it has reached an agreement with its Puerto Rico partner, TCG Investments, LLC, owner of the "Clínica Verde" brand of medical cannabis dispensaries, to expand its ownership interest in its Puerto Rico subsidiary, FFPR, LLC ("FFPR"). Per the details of the announcement, Future Farm and TCG intend to purchase their former business partner's interest, resulting in Future Farm owning a 50% ownership interest and 60% economic interest. Future Farm previously held a 40% ownership interest and 50% economic interest in FFPR.
Following the announcement of the agreement, William Gildea, CEO of Future Farms Technologies Inc (CSE:FFT) (OTCQB:FFRMF), commented, "Puerto Rico is a strategic location for Future Farm expansion given its soaring patient population and increasing social acceptance of medical cannabis. We are excited to continue building out the Clinica Verde dispensaries to provide legal, quality flower, edibles and concentrates to patients residing on and visiting Puerto Rico at this time of island-wide restoration and growth."
Curaleaf Holdings Inc (CURLF), a vertically-integrated cannabis operator, announced in late-January plans to expand its leadership team with two new executive appointments. Neil Davidson was appointed Chief Financial Officer and Todd Goffman was appointed General Counsel and Secretary, effective January 28, 2019. Both executives will report directly to Curaleaf Chief Executive Officer Joseph Lusardi.
Following the announcement of the new appointments, Joseph Lunardi, CEO of Curaleaf, said, "our executive team has a wealth of expertise from relevant industries including consumer packaged goods and retail. The public company experience that Neil and Todd bring to Curaleaf will make our team even more prepared to capitalize on the significant opportunities across our industry."
Aurora Cannabis Inc (ACB) saw its shares enjoy a 2.08% boost in mid-afternoon trading on Thursday, with shares trading at $7.72 per share. The Company announced earlier this week that its extraction technology partner, Radient Technologies, has received its Standard Processing License from Health Canada. Since investing in Radient, Aurora has gained entrance into the hemp sector with its majority ownership of Hemp Food and Fiver and the acquisition of AgroPro, Europe's largest producer of organic hemp products.
Terry Booth, CEO of Aurora Cannabis, said, "with the upcoming new regulations permitting additional form factors and Radient's recent receipt of its processor license, we are in a strong position to rapidly expand production of a broad portfolio of extract-based products, tying in well with the significant scale-up of our global cannabis and hemp operations."
iAnthus Capital Holdings Inc (ITHUF) announced earlier this week that, in partnership with MPX Bioceutical Corporation, the two companies closed their previously announced plan of arrangement pursuant to which iAnthus would acquire all of the issued and outstanding shares of MPX pursuant to the terms of an arrangement agreement.
Following the announcement, Beth Stavola, Chief Executive Officer of MPX, said, "as early pioneers in the licensed cannabis sector in Arizona, Nevada and Maryland, MPX is extremely excited to join forces with iAnthus as we create the multi-state operator that will define this burgeoning industry. We plan to add the power of our market leading product, retail and wholesale experience to the iAnthus platform."
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