CORAL GABLES, FL / ACCESSWIRE / February 11, 2019 / Following the recent passing of positive legislation, the marijuana stock market has become a hotbed of conversation. In the past, cannabis was condemned by the federal government, and the public disavowed any individual that claimed she partook in the use of recreational cannabis. As is typical with anything, time shifts preconceived notions, and recently we have seen more people in favor of legalizing marijuana, given its exhaustive list of potential health benefits. With the increase of capital and business entering the market, the cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. Global Consortium Inc (GCGX), Canopy Rivers Inc (OTC PINK: CNPOF), Origin House (ORHOF) (OH.CN), and Harvest Health & Recreation Inc (HTHHF) are four pot stocks worth looking into this week.
Global Consortium Inc (OTC:GCGX) is a company that you might not have heard of but could benefit from checking out as we continue in this new year. Global Consortium is putting in the work to become one of the industry leaders in terms of hemp-derived CBD products, and the market has responded favorably to these strategic moves.
As the Company takes the steps necessary to lead the CBD industry into the future, Global Consortium Inc (OTC:GCGX) has made it a point to build a corporate framework for these aspirations to be built upon. The Company announced plans earlier this month to design and build out America's first ''Cannabis Mall.'' Per the details of the announcement, the Cannabis Mall, when completed, will house manufacturing, distribution, delivery, retail, and cultivation all under one 64,000 sure foot building.
In more recent news, Global Consortium Inc (OTC:GCGX) announced last week that it has entered into a Letter of Intent with MJ Munchies, Inc whereby Global Consortium subsidiary Infused Edibles would receive an exclusive license to manufacture and distribute marijuana and CBD-infused products under the Half-Baked™ mark owned by MJ Munchies.
Canopy Rivers Inc (CNPOF) announced earlier this month that the Company had entered into an agreement with CIBC Capital Markets and Eight Capital, under which the joint book runners have agreed to purchase, together with a syndicate of underwriters, 11,500,000 voting shares of the Company on a bought deal basis price at $4.80 per Subordinated Voting Share for gross proceeds of approximately $55.0 million.
Per the details of the announcement at the time, the Company said it intends to use the net proceeds from the Offering for follow-on investments in existing portfolio companies, new domestic and international investments, working capital and general corporate purposes.
Origin House (ORHOF) (OH), formally known as CannaRoyalty Corp, a leading North American cannabis precuts and brands company, announced last week that the Company had entered into an agreement to provide strategic financing of $704,000 to Humboldt's Finest, an alliance of heritage cannabis farms representing Humboldt County.
Afzal Hasan, President and General Counsel of Origin House, commented, ''we believe that the low-impact, organic practices of cultivators such as Humboldt's Finest are the gold standard for high quality, sustainable, heritage cultivation. Humboldt County has come a long way socially, economically and environmentally, and the intellectual property rooted within the practices of this community is at the core of the brands that we are partnering with.''
Harvest Health & Recreation Inc (HTHHF), a vertically integrated public cannabis company, announced in late-January that the Company had qualified, and would begin trading on, the OTCQX Best Market.
Following the announcement, Harvest CEO Steve White said, ''since day one of going public, one of our goals has been to move onto the OTCQX. Harvest is one of the fastest growing companies in one of the fastest growing industries in the world, and OTCQX will allow us to continue harnessing that momentum. Working up the investor ladder as a cannabis company is a monumental task, and we are excited to continue making strides towards becoming the biggest cannabis brand in the world.''
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.
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 Global Consortium Inc. (GCGX), Midam has been paid $20,000 fromGlobal Consortium Inc. (GCGX) for a period from January 22, 2019, to February 22, 2019. We may buy or sell additional shares of (GCGX) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Global Consortium Inc. (GCGX). For previous compensation and disclaimer information, click here.
View source version on accesswire.com: