CORAL GABLES, FL / ACCESSWIRE / January 3, 2019 / The marijuana industry has seen a huge boost this past year, which could spell out a true first-mover advantage as we head straight into the new year. 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 space. The global legal marijuana market size was valued at $9.3 billion back in 2016, and is expected to exhibit a CAGR of 34.6% during the forecast period. With the new year just a few days old, CLS Holdings USA Inc (OTC:CLSH), New Age Beverages Corporation (TSX-V: NBEV), GW Pharmaceuticals Plc (NASDAQ: GWPH), and OrganiGram Holdings, Inc. (OTCQX: OGRMF) (TSX-V: OGI) are 4 pot stocks to keep your eyes on in the new year.
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."
New Age Beverages Corporation (NBEV) wowed market analysts and investors towards the end of December, when they announced that they had closed on the merger with Morinda Holdings, Inc., a Utah-based healthy beverages and lifestyles company with operations in more than 60 countries.
Brent Willis, Chief Executive Officer of New Age Beverages commented, "Since the announcement of the merger, we have been extremely busy. New Age continues to secure major national retail distribution on its key brands, and Morinda has been rapidly expanding its new Noni+Collagen brand globally. More cost synergies are emerging from the convergence teams and the countries are extremely enthusiastic about the potential of New Age's current and impending brand portfolio through their system. Integration is already well on track, and we have a high degree of confidence in our plans for 2019."
GW Pharmaceuticals plc (GWPH) announced, just before the strike of the new year, that the biopharmaceutical company will be presenting a company update at the J.P. Morgan 2019 Healthcare Conference in San Francisco, CA on Tuesday January 8, 2019. According to the press release regarding the announcement, Justin Goyer, GW's Chief Executive Officer will be honored with making the Company's presentation.
OrganiGram Holdings, Inc. (OGRMF) (OGI) announced in early December that their 2018 fiscal year and fourth quarter results proved promising, and wholly encompassed operations up to August 31, 2018.
In a press release regarding the announcement, Greg Engel, the Company's Chief Executive Officer, said, "The importance of 2018 cannot be overstated for Organigram as well as the industry. We are incredibly proud of our ability to meet the challenges of scaling our business in preparation for the adult recreational use market. We are pleased with our progress to date and believe that we have performed well in a highly competitive space while always maintaining a sustainable cost structure. Ultimately, it is our view that our Moncton Campus will be seen as a crown jewel in the industry as it is able to produce consistent, high-quality indoor grown product at scale to support our brands with the lowest dried flower cultivation costs reported to date in Canada."
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 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). For disclaimer information, click here for our full disclaimer.