CORAL GABLES, FL / ACCESSWIRE / January 4, 2019 / The end of the year was a large turning for the marijuana industry, as the year's events were instrumental in cementing the growth of the cannabis sector around the world. Specifically, in North America, many variables have fallen into place that have allowed for more favorable opinion surrounding cannabis. Following Canada's nation-wide legalization and the recent passing of the US Farm Bill, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. With the new year just a few days old, CLS Holdings USA Inc (OTC:CLSH), Pyxus International Inc (PYX), Aurora Cannabis Inc (ACB), and Aphria Inc (APHA) are 4 pot stocks that are gaining speed on Friday.
CLS Holdings USA Inc (OTC:CLSH) is a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries. The Company's business model is comprised of licensing operations, processing operations, professing facilities, product sales, and brand creation. Earlier in 2018, CLS Holdings USA Inc (OTC:CLSH) closed on its acquisition of Oasis Cannabis, a company which announced that packaged marijuana product represented 67% of its total sales.
As a cannabis retailer for the state of Nevada, Oasis served over 127,000 customers in its first year of adult-use sales.
In a year-end review letter issued several days ago, CLS Holdings USA Inc (OTC:CLSH)'s Chariman and CEO, Jeff Binde, said, "We are excited by the prospects of completing our proprietary processing facility in North Las Vegas with a scheduled opening in the second quarter of 2019. This is expected to serve as a showcase for other potential licensing partners along with servicing the needs of our branded line of City Trees. This is a potential game changer for CLS. We believe that we can bring a superior product to market with yields that exceed current options and at a price that is lower than our competition."
Pyxus International, Inc (PYX) issued a statement from Pieter Sikkel, the Company's president and Chief Executive Officer, in full support of US Congress' passing of the 2018 Farm Bill, following President Trump's signing of the bill into a law. Per the press release, the Company is ecstatic that hemp will no longer be considered a controlled substance and have the ability to become an agricultural commodity.
"We are excited about the breadth of opportunities provided by the Farm Bill. We will utilize our strong heritage of agronomy expertise, paired with our track and trace technology, SENTRI, to help American farmers capitalize on this emerging market to efficiently and profitably cultivate hemp. That hemp can be processed into hemp-derived cannabidiol (CBD) at our affiliate, Criticality, LLC's, state-of-the-art 55,000-square-foot extraction and purification facility in Wilson, North Carolina, expected to open in early 2019. We are also working with Criticality to help them partner with retailers to capitalize on the rapidly-growing, high-margin CBD market with Criticality's new line of CBD products, Korent, and new and beneficial products in its innovation pipeline."
Aurora Cannabis (ACB) made headlines in early December when the Company announced that it had entered into an agreement to invest $10 million by way of a brokered private placement in High Tide Inc., a privately held, Alberta-based, retail-focused cannabis and lifestyle accessories company.
Terry Booth, CEO of Aurora, said "In addition to four operational cannabis retail stores, High Tide has developed a broad network of smoking accessories and cannabis lifestyle stores that feature unique products, supported by strong branding that has resonated well with Canadian consumers. Through our investment, we gain exposure to two unique retail store concepts currently launching across Canada, as well as established cannabis culture brands and thousands of proprietary accessories. We look forward to working with the team at High Tide and supporting them as they execute on their aggressive growth strategy.''
Aphria, Inc (APHA) made headlines on Wednesday when it announced that its Columbiam subsidiary, Colcanna SAS had signed an exclusive agreement with the Federacion Medica Columbiana, a national entity that oversees the ethical exercise of medical professionals in Colombia, to collaborate on an academic curriculum on the medicinal use of cannabis.
Gabrial Meneses, Vice President, LATAM and Caribbean for Aphria, said, "Education in the medical community is critical for sustaining the advancement of medical cannabis in Colombia. Colcanna is proud to make this exclusive arrangement with Federación Médica Colombiana, which will offer doctors and medical professionals across the country a credible and trusted source of information and training on medical cannabis."
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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 CLS Holdings USA Inc. (CLSH), Midam has been paid $100,000 from CLS Holdings USA Inc. (CLSH) for a period from November 30, 2018 to December 30, 2018. We may buy or sell additional shares of (CLSH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about CLS Holdings USA Inc. (CLSH). As of January 4, 2019 a member of MAPH holds 100 Aurora Call Options and 20,000 shares of Aurora purchased in the open market and may be sold at any time. For disclaimer information, click here for our full disclaimer.